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Business World Philippines
Gov't eyes raising P194 billion from privatization of big-ticket assets
THE DEPARTMENT of Finance (DoF) is eyeing to raise P193.65 billion from the privatization of big-ticket government assets, including the Financial Center Area in Pasay City and Food Terminal, Inc. (FTI) property in Taguig City, by 2026.
3 min |
August 26, 2025
Business World Philippines
RCBC expects double-digit growth in credit card receivables
THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) expects sustained double-digit growth in loans over the next two years, driven by strong consumer spending amid low inflation and easing interest rates.
2 min |
August 26, 2025
Business World Philippines
Gov't must regulate critical information infrastructure, AI as cyberthreats grow
THE PHILIPPINE government must prioritize measures that would regulate the country’s critical information infrastructure and artificial intelligence (AI) use amid the growing sophistication of cyberattacks, industry experts said.
2 min |
August 26, 2025
Business World Philippines
Energy transition leading to higher inflation and lower growth
The other week, on Aug. 14, I attended the AmCham 8 Energy Forum held at Marriott Hotel Manila and energy transition dominated the discussion. Last week, on Aug. 21, I was one of session speakers in the Philippine Chamber of Commerce and Industry-Indonesian Chamber of Commerce and Industry (PCCI-KADIN) Business Forum, held at the PCCI HQ in Taguig City, I and my co-speaker, Iman Arif, talked about the beauty of coal energy.
3 min |
August 26, 2025
Business World Philippines
SpaceX postpones Starship test flight over ground system issue
ELON MUSK’s SpaceX on Sunday called off the launch of Starship’s tenth mission from ‘Texas over an issue at its launch site, delaying an attempt to achieve several long-sought development milestones missed due to past tests ending in early failures.
2 min |
August 26, 2025
Business World Philippines
Gold slips off 2-week peak as dollar rises
GOLD slipped from a near two-week high on Monday as the dollar crept higher, although increased expectations of interest rate cuts in the US following US Federal Reserve Chair Jerome H. Powell’s dovish pivot last week lent some support to bullion.
1 min |
August 26, 2025
Business World Philippines
Revenue impact of rice import suspension seen at P4.3 billion
THE Bureau of Customs (BoC) estimated that the suspension of rice imports will result in foregone revenue of more than P4.3 billion.
1 min |
August 26, 2025
Business World Philippines
Tighter regulatory, cybersecurity focus in Konektado IRR sought
LISTED fiber internet provider Converge ICT Solutions, Inc. said it wants stronger regulatory authority included in the implementing rules and regulations (IRR) of the Konektadong Pinoy Act to prevent potential abuse of relaxed provisions.
2 min |
August 26, 2025
Business World Philippines
US confirms nation’s first travel-associated human screw-worm case linked to Central American outbreak
The US Department of Health and Human Services (HHS) on Sunday reported the first human case in the United States of travel-associated New World screwworm, a flesh-eating parasite, from an outbreak-affected country.
3 min |
August 26, 2025
Business World Philippines
Philippines' DFA says Gaza offensive dims hopes for peace in Middle East
THE PHILIPPINES on Monday said Israel’s military offensive in Gaza City could further derail efforts to achieve peace in the Middle East.
2 min |
August 26, 2025
Business World Philippines
PHL to keep security stance at Second Thomas Shoal despite China’s moves
THE PHILIPPINES will keep its security posture at Second ‘Thomas Shoal in the South China Sea despite increased Chinese activity in the area, Defense Secretary Gilberto C. Teodoro, Jr. said on Monday, stressing that any shift would harm the country’s national interest.
1 min |
August 26, 2025
Business World Philippines
China surge leads Asia stocks higher; Nvidia a hurdle
Chinese shares led Asia higher on Monday as investors gave a cautious welcome to the likely resumption of US interest rate cuts, while hoping artificial intelligence superstar Nvidia’s results this week will help justify the sector’s stratospheric valuations.
2 min |
August 26, 2025
Business World Philippines
PHL suspends classes, gov't work amid bad weather
THE GOVERNMENT suspended classes and government work for Tuesday as the state weather bureau expects heavy rainfall triggered by the low-pressure area (LPA) and the southwest monsoon.
1 min |
August 26, 2025
Business World Philippines
SEC issues cease-and-desist orders vs 7 leading platforms
THE Securities and Exchange Commission (SEC) has issued cease-and-desist orders against seven entities accused of operating online lending platforms (OLPs) without the required registration.
2 min |
August 26, 2025
Business World Philippines
North Korea’s glossy new surface: Apps, beaches and a fake Starbucks
North Korea is taking inspiration from the West. In Pyongyang, elites drink coffee at a fake Starbucks and pay by mobile phone. About 100 miles away on the east coast, a seaside resort that’s a pet project of the country’s leader, Kim Jong Un, is stocked with foreign beers and decked out with water slides, ready to receive tourists.
4 min |
August 26, 2025
Business World Philippines
Spotify flags price rises as it introduces new services, FT reports
SPOTIFY will raise prices as it invests in new features and targets 1 billion users, the Financial Times (FT) reported on Sunday, citing the music streaming provider's Co-President and Chief Business Officer Alex Norstrom.
1 min |
August 26, 2025
Business World Philippines
Adamson tops Cebu SSL tourney
ADAMSON clipped Ateneo, 25-15, 26-24, 25-14, to win the 2025 Shakey’s Super League (SSL) National Invitationals Cebu Leg over the weekend at the Mandaue Sports Complex in Cebu.
1 min |
August 26, 2025
Business World Philippines
Vietnam island building in Spratlys may soon surpass China’s — report
Vietnam has significantly expanded island building work in areas it claims in the Spratly Islands chain of the disputed South China Sea and will match and likely surpass the scale of such activity there by China, a US think tank reported on Friday.
1 min |
August 26, 2025
Business World Philippines
Tariff damage to furniture industry downplayed
US PRESIDENT Donald J. Trump’s proposed tariff on furniture imports won't be as damaging as the tariff on garments, the Foreign Buyers Association of the Philippines (FOBAP) said.
2 min |
August 26, 2025
Business World Philippines
BYD seeks to shift mass market image with souped-up racetrack
THE NAME BYD Co. is mainly associated with mass market electric vehicles (EV). A manufacturing behemoth that churns out more electric cars than anyone else on the planet, it’s a brand built on volume and affordability.
2 min |
August 26, 2025
Business World Philippines
FIVB buildup tour makes Laoag stop
LAOAG CITY hosted the “Set Na Natin ‘To Trophy and Mascot Tour,” a preparatory event for the 2025 FIVB Men’s World Volleyball tournament in the Philippines, at the newly opened SM City-Laoag over the weekend.
1 min |
August 26, 2025
Business World Philippines
Avida says 93% of Serin East Tagaytay units sold
AVIDA LAND Corp., the mid-income residential brand of property giant Ayala Land, Inc. (ALI), said it has sold 93% of the units in Serin East Tagaytay.
1 min |
August 26, 2025
Business World Philippines
Shanghai copper touches more than one-week high, tracking weak dollar
Shanghai copper prices hit a more than one-week high on Monday, tracking some weakness in the dollar after the US central bank chief signaled a possible rate cut next month and as demand in top metals consumer China remained upbeat.
1 min |
August 26, 2025
Business World Philippines
Work on final stations of MRT-7 to start next year
THE Department of Transportation (DoTr) said civil works for the last two stations of the Metro Rail Transit Line 7 (MRT-7) will start next year.
1 min |
August 26, 2025
Business World Philippines
Eala advances at US Open with gritty 3rd set comeback
ON NATIONAL HEROES’ DAY, Alexandra “Alex” Eala heroically pulled off a 6-3, 2-6, 7-6 (13-11) upset of world No. 15 Clara Tauson of Denmark at the US Open for her first-ever win ata Grand Slam.
2 min |
August 26, 2025
Business World Philippines
Tourism continues to lag but holds potential to rebound
TOURISM continues to track below its pre-pandemic performance, with the accommodations sector continuing to lag the rest of the industry, giving it some potential for an upside surprise, according to Unicapital Securities, Inc.
2 min |
August 26, 2025
Business World Philippines
GCR Upgrades Standard Insurance’s Financial Strength Rating
The Global Credit Rating Co. (GCR) has recently upgraded Standard Insurance Co., Inc.’s national scale financial strength rating to AA-(PH) from A+(PH).
1 min |
August 26, 2025
Business World Philippines
Fleetwood secures elusive first PGA win with FedEx Cup title
Stop questioning Tommy Fleetwood about finally getting his first PGA Tour victory. He got his win, after so many close calls, in a big way.
2 min |
August 26, 2025
Business World Philippines
ERC directs Meralco, First Gen to justify proposed supply deal extension
THE Energy Regulatory Commission (ERC) has asked First Gen Corp. and Manila Electric Co. (Meralco) to justify their proposed extension of a power purchase agreement (PPA) for supply from a Batangas gas-fired power plant.
1 min |
August 26, 2025
Business World Philippines
Geothermal de-risking plan expected within the year
THE Department of Energy (DoE) said it hopes to submit its $250-million geothermal resource de-risking facility (GRDF) proposal to the Department of Economy, Planning, and Development Investment Coordination Committee (DepDev ICC) within the year.
1 min |