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Business World Philippines

Brent slides, WTI up ahead of Trump deadline for Iran

Oil prices settled mixed on Tuesday, with Brent down on worries that high energy prices could slow economic growth, while US crude closed at its highest since 2022 ahead of US President Donald J. Trump’s deadline for Iran to open the Strait of Hormuz.

2 min  |

April 09, 2026

Business World Philippines

WESM spot prices rise in March

PRICES on the Wholesale Electricity Spot Market (WESM) rose in March, with Luzon experiencing a surge of over 50% due to eroding supply margins, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

1 min  |

April 09, 2026

Business World Philippines

RACE program abandoned; incentive focus shifts to EVs

THE Department of Trade and Industry (DTD said it is dropping the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program to focus its efforts on providing incentives to electric vehicles (EV) makers.

1 min  |

April 09, 2026
Business World Philippines

Business World Philippines

Bill Ackman's Pershing Square proposes $64-billion cash-and-share deal with Universal Music Group

BILLIONAIRE investor Bill Ack-man’s Pershing Square proposed a takeover of Universal Music Group (UMG) on Tuesday in a $64-billion deal, the latest twist in his nearly five-year quest for the music label giant.

2 min  |

April 09, 2026

Business World Philippines

Eastern Communications says network designed to stay resilient amid disruptions

EASTERN Telecommunications Philippines, Inc. (Eastern Communications) said its network is designed to remain operational amid potential disruptions linked to geopolitical tensions in the Middle East, citing builtin redundancy and business continuity measures.

1 min  |

April 09, 2026

Business World Philippines

Elevated fuel prices seen remaining after US pauses hostilities in Iran

THE two-week truce initiated by the US in its conflict with Iran could help ease global oil prices, but the impact is unlikely to be felt at the Philippine pump-price level anytime soon, as market volatility is expected to persist, analysts said.

2 min  |

April 09, 2026

Business World Philippines

Marcos sees fuel supply opening from 2-week Strait of Hormuz ceasefire

PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. said a two-week truce reopening the Strait of Hormuz gives the Philippines a brief chance to secure fuel supplies amid surging fuel prices tied to the Middle East war.

1 min  |

April 09, 2026

Business World Philippines

Gold bullion prices tick up ahead of Iran deadline to reopen the Strait of Hormuz

GOLD PRICES drifted higher on Tuesday, with market attention on US President Donald J. Trump’s looming deadline for Iran to reopen the Strait of Hormuz or risk devastating attacks on its infrastructure.

1 min  |

April 09, 2026

Business World Philippines

Airlines across Asia trim schedules and carry extra fuel as supplies tighten

Airlines across Asia are cutting flights, carrying extra fuel from home airports and adding refuelling stops as the Middle East conflict squeezes jet fuel supply in some countries, adding to pressure on an industry already hit by a sharp jump in fuel costs.

1 min  |

April 08, 2026

Business World Philippines

Managing inflation expectations crucial to ensuring financial system’s stability

THE BANGKO SENTRAL ng Pilipinas (BSP) should manage inflation expectations to maintain both price and financial stability as the country continues to grapple with the economic fallout from the Middle East conflict.

2 min  |

April 08, 2026

Business World Philippines

Q1 office demand rises 77%; outlook turns cautious

THE PHILIPPINE office market started 2026 with stronger net demand, as net absorption rose 77% year on year to 133,000 square meters (sq.m.) in the first quarter (Q1), property consultancy firm Leechiu Property Consultants (LPC) said.

2 min  |

April 08, 2026
Business World Philippines

Business World Philippines

PHL gymnastics sees Yulo brothers in 2028 LA Olympics

PHILIPPINE gymnastics' dream of sending brothers Carlos and Karl Eldrew Yulo together to the 2028 Los Angeles (LA) Olympics is no longer implausible.

1 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Feb. manufacturing output rises to 8-month high

MANUFACTURING output growth expanded to an eight-month high in February, driven by sustained local demand, with a boost provided by the US Supreme Court’s cancellation of impending tariffs that month, analysts said.

3 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Oil shock brings inflation to 4.1%

FASTER PRICE INCREASES in fuel, electricity and food including rice, drove Philippine inflation past the Bangko Sentral ng Pilipinas’ (BSP) target for the first time in nearly two years, the Philippine Statistics Authority (PSA) reported.

5 min  |

April 08, 2026

Business World Philippines

Gold bullion prices inch lower as US Pres. Trump’s Iran war deadline nears

GOLD PRICES edged lower on Monday as investors await further signals on the evolving US-Iran situation ahead of a deadline to reopen the Strait of Hormuz.

1 min  |

April 08, 2026

Business World Philippines

PAL extends Doha, Dubai flight suspension to May 31

PHILIPPINE AIRLINES (PAL) has extended the suspension of its Manila-Doha and Manila-Dubai flights until May 31 due to the ongoing conflict in the Middle East, citing risks to overall airspace safety and critical infrastructure.

1 min  |

April 08, 2026

Business World Philippines

Budget deficit narrows to P171.2 billion in February

THE NATIONAL Government's (NG) budget deficit narrowed to P171.2 billion in February after revenue growth outpaced expenditures, the Bureau of Treasury said.

3 min  |

April 08, 2026

Business World Philippines

Bank of Japan likely to raise rates by July on mounting price pressure, ex-board member says

The Bank of Japan (BoJ) will likely raise interest rates by July, as soaring oil costs from the Middle East war increase the risk it will fall behind the curve in dealing with mounting inflationary pressure, its former board member Seiji Adachi said on Tuesday.

2 min  |

April 08, 2026

Business World Philippines

PSEI up in cautious trade before Trump deadline

PHILIPPINE STOCKS inched up on Tuesday as the market maintained a cautious stance while awaiting developments in the Middle East conflict.

2 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Turning AI into a force for competitiveness in the Philippines

UNDP'S RECENT REPORT, “The Next Great Divergence,” underscores a defining challenge for countries across Asia and the Pacific: they are entering the AI era with uneven foundations and this may create a divide among them.

3 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Assessing the first half of the Marcos Jr. administration: Investments

As regards the sectors of the economy that attract.ed foreign direct investments (FDIs) during the three most recent administrations (Aquino, Duterte, and Marcos Jr.), the Benigno \"Noynoy\" Aquino administration brought in the greatest number of enterprises in the service industry, with manufacturing recovering slowly by the end of the period.

3 min  |

April 08, 2026

Business World Philippines

DoE: Oil prices unlikely to drop anytime soon

THE COUNTRY’S Energy chief does not expect oil prices to immediately rebound from recent sharp increases, citing extensive damage to energy infrastructure in the Middle East.

2 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Bond yields mixed as war keeps market on edge

THE GOVERNMENT borrowed its target amount via its dual-tranche Treasury bond (T-bond) offer on Tuesday as investors sought to place their excess cash in safer assets with higher returns as the Middle East war rages on.

2 min  |

April 08, 2026

Business World Philippines

Record-low fertility rate puts Philippines' growth window at risk

THE PHILIPPINES must act fast to harness its demographic dividend and reach high-income status, analysts said, as a record-low fertility rate raises the risk of falling into the “aging before becoming rich” trap, analysts said.

4 min  |

April 08, 2026

Business World Philippines

Investment pledges expected to be ‘sluggish’ due to Iran war

SLUGGISH investment activity is expected to be one of the consequences of the fighting in the Middle East, Trade Secretary Ma. Cristina A. Roque said.

2 min  |

April 08, 2026

Business World Philippines

Rockets, Suns fight for playoff position as Kevin Durant returns

KEVIN DURANT will make his belated return to Phoenix when the Houston Rockets play the host Suns on Tuesday.

2 min  |

April 08, 2026

Business World Philippines

ECB must be prepared to act as inflation scars risk quickly raising expectations, policymaker says

SOFIA — Euro zone inflation expectations are at risk of rising more quickly than in the past and the European Central Bank (ECB) must be ready to raise interest rates swiftly if signs of persistent price pressures emerge, ECB policymaker Dimitar Radev said.

2 min  |

April 08, 2026
Business World Philippines

Business World Philippines

Queer poetry as exploration of desire and identity

IT IS vital to explore the queer experience, no matter how intimate, according to filmmaker, film historian, and author Nick Deocampo.

2 min  |

April 08, 2026

Business World Philippines

Investments granted ‘green lane’ treatment hit P6.4T at end-March

ABOUT P6.43 trillion worth of projects have been approved for expedited processing via the “green lane” certification system as of March, the Board of Investments (Bol) said on Tuesday.

1 min  |

April 08, 2026
Business World Philippines

Business World Philippines

International Dance Day returns to celebrate dance in Circuit

OVER 1,200 artists in different styles of dance will command the stage of the Samsung Performing Arts Theater for the 3\" iteration of the International Dance Day (IDD) Festival.

2 min  |

April 08, 2026