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US vetoes UN Security Council demand for Gaza ceasefire

Business World Philippines

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June 06, 2025

The United States on Wednesday vetoed a draft United Nations (UN) Security Council resolution that demanded an “immediate, unconditional and permanent ceasefire” between Israel and Hamas militants in Gaza and unhindered aid access across the war-torn enclave.

The other 14 countries on the council voted in favor of the draft as a humanitarian crisis grips the enclave of more than 2 million people, where famine looms and aid has only trickled in since Israel lifted an 11-week blockade last month.

WEITERE GESCHICHTEN VON Business World Philippines

Business World Philippines

Business World Philippines

Financial system resources grow to P35.3 trillion

THE TOTAL RESOURCES of the Philippines’ financial system climbed to over P35 trillion as of October, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

time to read

2 mins

December 17, 2025

Business World Philippines

Business World Philippines

Standout vehicles in steady 2025

VEHICLE SALES in the Philippines post modest growth in 2025 as the industry heads into the final months of the year with tempered momentum but steady demand.

time to read

4 mins

December 17, 2025

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

Nasdaq seeks to extend trading hours as Wall Street gears up for 24/7 move

Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit paperwork with the US Securities and Exchange Commission (SEC) on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for US equities.

time to read

3 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

PayPal files for bank charter in lending push

PAYMENTS FIRM PayPal said on Monday it has applied to establish a bank in the United States, as companies rush to capitalize on a friendly regulatory environment under the Trump administration.

time to read

1 min

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

From clean water to power

Given the vast experiences of Spanish companies in building mini dams, it would be logical that our Government and the private sector should turn to Spanish infrastructure companies as potential business partners in this very important industry.

time to read

4 mins

December 17, 2025

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