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Mavericks unlikely to trade away 'gift' of No. 1 pick

Business World Philippines

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May 15, 2025

Having beaten long odds to win the top pick in next month’s NBA draft — and blessed with an obvious candidate to become the No. 1 selection — the Dallas Mavericks reportedly aren’t planning to use it as a trade chip.

The Mavericks have their sights set on 18-year-old forward Cooper Flagg, who led Duke to the Final Four in his only season with the Blue Devils, as ESPN on Tuesday cited sources that indicated Dallas isn’t interested in trading the pick.

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Business World Philippines

Corruption to weigh on growth until '27

PHILIPPINE ECONOMIC GROWTH may continue to undershoot the government's targets until 2027 amid the ongoing flood control corruption scandal, Capital Economics said.

time to read

2 mins

December 17, 2025

Business World Philippines

Maharlika fund to invest P8B in Tanco-led ATI

THE PHILIPPINES' sovereign wealth fund plans to spend about P8 billion to buy up to 11.2% of port operator Asian Terminals, Inc. (ATI) in a \"strategic\" move to invest in the sector.

time to read

3 mins

December 17, 2025

Business World Philippines

PEZA eyes P300-B investments in 2026

Economic Zone Authority (PEZA) is hoping to breach the P300-billion level in investment approvals in 2026 amid a strong pipeline.\"From its early years to its peak of P319 billion in approved investments in 2011, PEZA has demonstrated strength, adaptability, and resilience amid global disruptions and economic headwinds,\" said PEZA Director-General Tereso O. Panga at the agency's 30th anniversary event on Monday.

time to read

2 mins

December 17, 2025

Business World Philippines

Business World Philippines

Lucio Co's Crystal Bridges to take over PrimeWater

LUCIO L. CO-LED Crystal Bridges Holdings Corp. is set to take full control of Villar-led PrimeWater Infrastructure Corp., allowing the company to operate the latter's entire portfolio across the country.

time to read

1 mins

December 17, 2025

Business World Philippines

Philippines still under heightened threat of money laundering

THE PHILIPPINES remains under heightened threat of money laundering due to the prevalence of crimes such as drug trafficking, financial fraud and tax evasion, a study by the Anti-Money Laundering Council (AMLC) showed.

time to read

3 mins

December 17, 2025

Business World Philippines

Business World Philippines

Victorias Milling income slides 12.6% on higher costs

VICTORIAS MILLING Co., Inc. (VMC) reported a 12.64% drop in attributable net income to P1.35 billion for the fiscal year ended August, as rising operating costs offset revenue gains.

time to read

1 min

December 17, 2025

Business World Philippines

PHL to join talks on safeguarding supply of materials considered strategic for AI dev’t

THE US plans to invite the Philippines to join a multinational initiative to safeguard supply chains for technology deemed vital to artificial intelligence (AI), a US State Department official said on Tuesday.

time to read

1 min

December 17, 2025

Business World Philippines

RFM Corp. reports steady profits despite typhoons, lower flour prices

LISTED food and beverage producer RFM Corp. is on track for full-year 2025 sales of P22.2 billion, a modest 2% increase based on preliminary unaudited data, according to its chief executive officer (CEO).

time to read

1 mins

December 17, 2025

Business World Philippines

US suspends technology deal with Britain, FT reports

THE United States has suspended a technology deal it struck with Britain earlier this year, which was intended to boost ties in artificial intelligence, quantum computing and civil nuclear energy, the Financial Times (FT) reported on Monday.

time to read

1 min

December 17, 2025

Business World Philippines

Philippines, US stage joint sail in SCS after China’s ‘inhumane’ actions

THE Philippines and the US held a joint sail in the contested South China Sea (SCS) on Monday, Manila’s armed forces said on Tuesday, just days after China’s use of water cannon injured three Filipino fishermen — an act the Defense chief described as “inhumane.”

time to read

2 mins

December 17, 2025

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