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Business World Philippines

PAL Q3 income nearly doubles on higher passenger revenues

PAL HOLDINGS, INC., the operator of Philippine Airlines (PAL), saw its third-quarter (Q3) attributable net income nearly double to P1.37 billion on higher passenger revenues.

1 min  |

November 12, 2025

Business World Philippines

Hosting World Cup

When the Philippines kicks off the maiden FIFA Women's Futsal World Cup later this month, it will effectively be auditioning for credibility.

1 min  |

November 12, 2025

Business World Philippines

Globe Telecom switches 171 sites to renewable energy in net-zero push

GLOBE TELECOM, INC. said it has transitioned 171 of its sites to renewable energy (RE), up from 29 last year, as part of its net-zero strategy.

2 min  |

November 12, 2025
Business World Philippines

Business World Philippines

Christmas lights the stage at Proscenium Theater

9 Works Theatrical presents A Christmas Carol

2 min  |

November 12, 2025

Business World Philippines

Peso slips with US shutdown nearing end

THE PESO slipped against the dollar on Tuesday as the market awaited updates on the possible reopening of the US government.

4 min  |

November 12, 2025

Business World Philippines

Copper surges on potential end to US gov’t shutdown

Copper prices rose on Monday, buoyed by hopes that the US government shutdown will end soon and by data showing deflation eased in top metals consumer China.

1 min  |

November 12, 2025

Business World Philippines

T-bill rates drop across all tenors amid bets on further BSP easing

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday as yields went down across all tenors on expectations of more rate cuts from the Bangko Sentral ng Pilipinas (BSP) as economic growth hit an over four-year low in the third quarter.

3 min  |

November 12, 2025

Business World Philippines

Chile's Codelco-SQM lithium deal clears last major hurdle after China's green light

A planned tie-up between Chilean state copper giant Codelco and local producer SQM to produce lithium has won approval from China’s antitrust regulator, the entity said on Monday, paving the way for the joint venture to go into effect.

1 min  |

November 12, 2025

Business World Philippines

Stocks fall further as PHL economic outlook dims

PHILIPPINE SHARES sank further on Tuesday, dragging the bellwether index to a new five-year low, as sentiment on the economy’s state worsened following weak financial results from some listed companies.

2 min  |

November 12, 2025
Business World Philippines

Business World Philippines

SMB faces the challenge of upset-conscious Titan Ultra in Philippine Cup

AFTER hurdling heavyweight contenders the last four games San Miguel Beermen (SMB) faces the challenge of keeping the same level of intensity versus an opponent on the lower rungs of the standings.

1 min  |

November 12, 2025

Business World Philippines

Oil prices up as tight fuel markets offset crude supply concerns

Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh US sanctions and Ukrainian drone attacks on Russian refineries, although predictions of a crude supply surplus kept gains in check.

2 min  |

November 12, 2025

Business World Philippines

Uwan death toll climbs to 18, OCD says

TYPHOON Fung-wong, locally known as Uwan, left at least 18 dead mainly due to landslides caused by heavy rains across Luzon and Visayas, the Office of Civil Defense (OCD) said on Tuesday.

3 min  |

November 12, 2025

Business World Philippines

DoST calls for higher funding for startup law

A LAW designed to provide research support and incentives to Philippine startups remains underfunded, with officials citing the need for more resources to support startups’ research, design, and market expansion.

2 min  |

November 12, 2025

Business World Philippines

Transmission rates up in November billing

POWER CONSUMERS will be charged higher transmission rates in their electricity bills for November due to the increase in the cost of power reserves used to maintain reliable operations, the National Grid Corp. of the Philippines (NGCP) said.

1 min  |

November 12, 2025
Business World Philippines

Business World Philippines

PLDT Q3 income falls 28% as expenses temper revenue gains

PANGILINAN-LED PLDT Inc. posted a third-quarter attributable net income of P6.93 billion, down 28.26% from P9.66 billion in the same period last year, as higher expenses offset revenue growth.

1 min  |

November 12, 2025

Business World Philippines

PHINMA Education boosts capacity in Indonesia with 10-story Horizon University building

PHINMA Education Holdings, Inc. expanded its footprint in Indonesia with the completion of a 10-story building at Horizon University Indonesia in Karawang, West Java, boosting student capacity by 7,000 to bring the total to nearly 10,000 and making it the tallest university structure in the city.

1 min  |

November 12, 2025

Business World Philippines

Hydropower lifts First Gen's nine-month profit by 4% despite weaker gas, geothermal earnings

POWER PRODUCER First Gen Corp. posted a nine-month attributable net income of $215.4 million, up 4% from the same period last year, as higher contributions from its hydropower portfolio offset declines in natural gas and geothermal earnings.

1 min  |

November 12, 2025
Business World Philippines

Business World Philippines

Ensemble dancers take center stage

Theatre Group Asia brings A Chorus Line to the Philippines

3 min  |

November 12, 2025

Business World Philippines

Thailand to halt Cambodia ceasefire deal implementation

Thailand’s government confirmed on ‘Tuesday it will halt the implementation of an enhanced ceasefire agreement with Cambodia, signed last month in the presence of US President Donald J. Trump and said it would explain its decision to Washington.

1 min  |

November 12, 2025

Business World Philippines

BPI sees GDP returning to 5% growth track next year

BANK of the Philippine Islands (BPI) expects the economy to return to 5% growth next year, calling the third-quarter reading of 4% an anomaly and arguing that the government could eventually get a handle on the issues holding spending back.

2 min  |

November 12, 2025

Business World Philippines

China ready to resume exchanges, cooperate with Canada

China is willing to resume exchanges with Canada and cooperate in various fields, its foreign minister said to his Canadian counterpart without specifying the sectors, the official Xinhua news agency reported on Tuesday.

1 min  |

November 12, 2025

Business World Philippines

Third-party vetting proposed to deter public-works bid rigging

THE GOVERNMENT needs to consider the involvement of a third party to vet public infrastructure auctions, the Makati Business Club (MBC) said.

2 min  |

November 12, 2025

Business World Philippines

PAGCOR gross gaming revenue stalls after e-wallet delinking order

GROSS gaming revenue (GGR) declined 0.11% to P94.51 billion in the third quarter, after electronic wallets were ordered delinked from online gaming sites, the Philippine Amusement and Gaming Corp. (PAGCOR) said.

1 min  |

November 12, 2025

Business World Philippines

PHL to comply should ICC issue warrant vs Sen. Dela Rosa, DoJ says

THE Philippine government could expedite or surrender Senator Ronald “Bato” M. dela Rosa to the Interpol if the International Criminal Court (ICC) formally issues an arrest warrant over the Duterte administration’s bloody drug war, the Justice department said on Tuesday.

2 min  |

November 12, 2025

Business World Philippines

MLB, sportsbooks limit pitch-specific bets after players charged in bet-rigging scheme

MAJOR LEAGUE BASEBALL (MLB) and its sportsbook partners moved to limit pitch-level wagering on Monday, a day after two players for the Cleveland Guardians were charged in a scheme to rig bets on pitches during games.

2 min  |

November 12, 2025
Business World Philippines

Business World Philippines

Tech investor SoftBank Group’s OpenAI wager in focus as analysts raise share price target

Technology investor SoftBank Group reports second-quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence (AI) that has sent its share price soaring.

2 min  |

November 12, 2025

Business World Philippines

Marcos extends devolution transition for LGUs by 2 years

PRESIDENT Ferdinand R. Marcos, Jr. has signed Executive Order (EO) No. 103, extending by two years the deadline for the full transfer of certain executive branch functions to local government units (LGUs), citing the need to give them more time to strengthen their financial and administrative capacity.

1 min  |

November 12, 2025

Business World Philippines

Warren Buffett ‘going quiet’ but backs CEO-designate Greg Abel, plans to keep Berkshire Hathaway shares

WARREN BUFFETT on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive officer (CEO), giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.

2 min  |

November 12, 2025
Business World Philippines

Business World Philippines

Bulldogs gun for twice-to-beat edge against tough Tamaraws

AFTER clinching the first Final Four spot, National University (NU) marches on in a bid to secure at least a playoff for one of the two bonuses against Far Eastern University (FEU) in the UAAP Season 88 men’s basketball on Wednesday at the Mall of Asia Arena.

1 min  |

November 12, 2025

Business World Philippines

US Senate passes bill to end gov’t shutdown, sends to House

The US Senate on Monday approved a compromise that would end the longest government shutdown in US history, breaking a weeks-long stalemate that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid and snarled air traffic.

2 min  |

November 12, 2025