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Business World Philippines

Business World Philippines

Chinabank net income climbs 14% to P13 billion

CHINA BANKING CORP. (Chinabank) saw its net income climb by 14% year on year in the first half on continued core business growth.

2 min  |

August 01, 2025

Business World Philippines

Microsoft to spend $30 billion this quarter as AI investments pay off

MICROSOFT FORECAST on Wednesday a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence (AI).

3 min  |

August 01, 2025

Business World Philippines

Pokémon Legends: Z-A now available for pre-order

PREORDERS for the physical version of Pokémon Legends: Z-A have began last July 23, with a special video showcasing the latest information about this title is also available on the official Pokémon YouTube channel.

1 min  |

August 01, 2025

Business World Philippines

Infrastructure spending expected to accelerate after election pause

INFRASTRUCTURE spending is expected to pick up in the third quarter after a pause during the run-up to the May elections, the Department of Finance (DoF) said.

1 min  |

August 01, 2025

Business World Philippines

Rebalancing for the future: Why the Philippines needs a tradables revival

OVER the past 15 years, the Philippines has been one of East Asia's most dynamic economies. Growth was fast, inclusive, and spatially balanced. Public investment in infrastructure surged, and reforms attracted private capital. As highlighted in the Philippines Growth and Jobs Report launched by the World Bank earlier in July, investment (or capital accumulation) accounted for nine out of every 10 dollars of GDP growth.

4 min  |

August 01, 2025

Business World Philippines

P5-B Lemery, Batangas logistics hub completed

THE P5-billion Sinisian Lemery Batangas Port & Industrial Park (SLBPIP) has been completed and will start commercial operations this Friday, the park’s CEO said.

1 min  |

August 01, 2025

Business World Philippines

Christian Bautista, Raisa cover classic ballad

Song marks their first Filipino-Indonesian collaboration

2 min  |

August 01, 2025

Business World Philippines

US equities retreat as Powell dampens Fed interest rate cut hopes

US STOCKS closed well off earlier highs after a choppy session on Wednesday, as US Federal Reserve Chair Jerome H. Powell chilled expectations the central bank might be poised to cut rates at its September meeting.

2 min  |

August 01, 2025

Business World Philippines

GS, Kuminga deadlock

It would be a gross understatement to argue that the Golden State (GS) Warriors and Jonathan Kuminga are at an impasse.

2 min  |

August 01, 2025

Business World Philippines

Charlie Woods vaults into contention at Junior PGA Championships

CHARLIE WOODS vaulted into contention at the Junior PGA Championships with a 6-under par 66 in the second round in West, Lafayette, Ind. on Wednesday.

1 min  |

August 01, 2025

Business World Philippines

PCC clears Mitsubishi’s P18.4-billion deal for indirect GCash stake

THE PHILIPPINE Competition Commission (PCC) has approved Ayala Corp’s sale of 50% of its stake in AC Ventures Holding Corp. (ACV) to Japan’s Mitsubishi Corp. for P18.4 billion.

1 min  |

August 01, 2025

Business World Philippines

Letting go

In love and war, timing is everything.

2 min  |

August 01, 2025

Business World Philippines

WTA No. 69 Alex Eala withdraws from Cincinnati Open to rest injured shoulder ahead of US Open

ALEXANDRA “ALEX” EALA has withdrawn from the Cincinnati Open to rest her minor shoulder injury and ensure a tiptop shape for the US Open later this month.

1 min  |

August 01, 2025

Business World Philippines

US plans to issue travel notice for China as chikungunya cases rise

THE US CENTERS for Disease Control and Prevention (CDC) is planning to issue a travel notice for China as chikungunya infections rise in the country, a spokesperson told Bloomberg News.

1 min  |

August 01, 2025

Business World Philippines

Tsuneishi unveils world's first methanol-powered bulk carrier at West Cebu Estate

TSUNEISHI Heavy Industries (Cebu), Inc. has once again pushed the boundaries of innovation in global shipbuilding with the successful launch of SC-443—an 81,200-metric ton, dual-fuel Methanol-Powered Kamsarmax Bulk Carrier bound for East Asia.

1 min  |

August 01, 2025
Business World Philippines

Business World Philippines

Alas Pilipinas battles strong Thai team in the 5th SEA V-League

THE TREK BACK to road towards Southeast Asian Games glory for Philippine women’s volleyball resumes as Alas Pilipinas clashes with regional powerhouse Thailand on Friday at the start of the first leg of the 5% SEA V-League at the Terminal 21 Korat in Nakhon Ratchasima, Thailand.

1 min  |

August 01, 2025

Business World Philippines

Exporters left in the dark after Marcos silence on 19% tariff

EXPORTERS said President Ferdinand R. Marcos, Jr. did not outline a government plan to deal with increased US tariffs in his fourth State of the Nation Address (SONA).

1 min  |

August 01, 2025

Business World Philippines

THE CONVERSATION

BY MARK FORSHAW and JEKATERINA SCHNEIDER

1 min  |

August 01, 2025

Business World Philippines

Nearly half of PHL Gen Zs, Millennials consider themselves 'financially insecure'

THE proportion of Philippine Gen Zs and Millennials who consider themselves financially insecure jumped sharply to nearly half in both cohorts, Deloitte Philippines said, citing the results of a study.

1 min  |

August 01, 2025

Business World Philippines

Wednesday Season 2 gets gothic global premiere in London

Hit Netflix series Wednesday expands the Addams Family world as it returns to screens nearly three years after the show launched in November 2022.

1 min  |

August 01, 2025
Business World Philippines

Business World Philippines

BCDA approves new BSP complex in Clark

THE Bases Conversion and Development Authority (BCDA) said it approved the development of the New Bangko Sentral ng Pilipinas (BSP) Security Complex in New Clark City.

1 min  |

August 01, 2025

Business World Philippines

Building the future with APIs

Ever since Sam Altman, CEO of OpenAl, which owns ChatGPT, said “API is the secret sauce for every innovator,” APIs have felt like the hidden engines behind all the cool tech we use today.

4 min  |

August 01, 2025

Business World Philippines

Coffee mixed as market awaits tariff developments

Coffee futures were mixed on Wednesday in cautious, volatile trade as investors braced for Friday when US tariffs of 50% on imports from top coffee grower Brazil could come into effect if the two countries fail to reach a trade deal.

1 min  |

August 01, 2025

Business World Philippines

PHL is 24th most charitable nation globally

A HIGH percentage of Filipinos donated money to good causes in 2024, making the Philippines the 24th most generous country worldwide, the new World Giving Report by the Charities Aid Foundation (CAF) showed.

1 min  |

August 01, 2025

Business World Philippines

Gold falls after Fed keeps rates steady

GOLD fell more than 1% on Wednesday as the US Federal Reserve held interest rates steady and gave little indication of when cuts might occur, while strong US economic data further dimmed the appeal of the zero-yield asset.

1 min  |

August 01, 2025

Business World Philippines

NutriAsia dominates Lazada's FMCG rankings in first half of 2025

CONDIMENTS and sauces manufacturer NutriAsia has solidified its position as the top-performing fast-moving consumer goods (FMCG) brand on retail platform Lazada for the first half of 2025, marking the company’s first number one ranking across all campaign days.

1 min  |

August 01, 2025

Business World Philippines

Ayala Land Hospitality, Marriott to build a Moxy Hotel in Makati

AYALA LAND HOSPITALITY (ALH) has signed a deal with American hospitality group Marriott International to build a 260-room hotel in Makati City.

2 min  |

August 01, 2025

Business World Philippines

LME copper skids on tariff, demand worries

Copper prices dropped to the lowest in more than a week on Wednesday as inventories climbed and investors worried about looming US tariffs hitting demand.

1 min  |

August 01, 2025
Business World Philippines

Business World Philippines

PAGASA watching another LPA after three-day lull

THE STATE weather bureau on Thursday said a low-pressure area (LPA) outside the Philippine area of responsibility had a high likelihood of developing into a tropical depression within 24 hours.

1 min  |

August 01, 2025

Business World Philippines

Trump says US will set 15% tariff on imports from South Korea

President Donald J. Trump said on Wednesday the US will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.

3 min  |

August 01, 2025