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Business World Philippines

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January 16, 2026

Nostalgia is in the air during and after the holiday season.

- MARIA VICTORIA RUFINO

Flashback

One needs to shift to low gear and shut out the present. Travel rejuvenates the body and nourishes the spirit. It warms the heart, especially when one goes back to a beloved place.

Crossing oceans and time zones can be exhausting, but it is delightfully refreshing in more ways.

Geographical distance makes one shed the crusty city attitude and tired skin. One's perspective improves in a different environment. Problems seem diffused and recede into a blurry background. Worries melt away as the mind recharges in a stress-free mode. One blinks to rediscover another facet of nature - winter in a temperate zone.

Mentally retracing the old pathways, one feels a familiar spark. The heart-tugging ache blends with the novelty of a new vibe. It is seeing the past with a new pair of eyes in a dreamy light.

The beloved city with two mountains is more polished and alluring than ever. The iconic landmark, the Sagrada Familia Basilica with soaring organic towers, is almost complete after more than a century. Its architect passed a hundred years ago. Other architects continued the work in progress, supported by donations from the people who flock there to pray and marvel at the modern stained-glass windows that filter exquisite shifting rainbow rays of light. Designed by Catalan artistarchitect Antonin Gaudi, the thought-provoking church has wonderful acoustics for classical concerts and thousands of details.

In Barrio Gótico, the medieval cathedral Santa Maria del Mar was built slowly-stone by stone, rock by rock, during the Black Plague.

The wide avenidas, paseos with trees and rotundas, glorious parks and sparkling fountains, glow after an icy downpour. Walking in the rain is chilly, but one can stop for hot chocolate and churros at a café. There are pintxos, jamon Iberico, figs, and seasonal delicacies in little stores.

MÁS HISTORIAS DE Business World Philippines

Business World Philippines

Business World Philippines

Flashback

Nostalgia is in the air during and after the holiday season.

time to read

4 mins

January 16, 2026

Business World Philippines

Peso slips to fresh record low on rate cut bets

THE Philippine peso weakened to a new record low against the dollar on Thursday as markets priced in the possibility that the Bangko Sentral ng Pilipinas (BSP) could cut interest rates ahead of the US Federal Reserve.

time to read

2 mins

January 16, 2026

Business World Philippines

China, Canada move to reset ties as Carney visits

China is willing to deepen cooperation with Canada while eliminating \"interference,\" Foreign Minister Wang Yi told his Canadian counterpart at a meeting in Beijing on Thursday.

time to read

1 mins

January 16, 2026

Business World Philippines

Gov't partnerships with private sector seen to boost transparency in public works projects

TAPPING PRIVATE and development partners for state infrastructure projects may help improve efficiency and transparency as the Philippine government continues to deal with the economic fallout from a corruption scandal linked to public works.

time to read

5 mins

January 16, 2026

Business World Philippines

Remittances dip to 6-month low in Nov.

MONEY SENT HOME by overseas Filipino workers (OFW) fell to its lowest level in six months in November, the Bangko Sentral ng Pilipinas (BSP) reported.

time to read

2 mins

January 16, 2026

Business World Philippines

PERA could boost returns for state pension funds

STATE PENSION FUNDS in the Philippines could unlock higher returns while reducing market risks by linking stock investment loan programs to the personal equity and retirement account (PERA) framework, analysts said.

time to read

1 min

January 16, 2026

Business World Philippines

Philippines risks slowdown this year as election spending effect wanes

THE PHILIPPINES risks losing economic momentum in 2026 unless reforms are carried out to extend the lift from election-related spending last year, according to a state think tank.

time to read

4 mins

January 16, 2026

Business World Philippines

It’s the corruption, sir

The October year-on-year plunge in FDI is not a statistical accident. It is a verdict.

time to read

5 mins

January 16, 2026

Business World Philippines

Job shortage tops worries of Philippine business leaders – WEF

A SHORTAGE of jobs is emerging as the biggest worry for Philippine business leaders, according to the World Economic Forum (WEF), a sign that economic growth risks falling short of what's needed to absorb workers over the next two years.

time to read

2 mins

January 16, 2026

Business World Philippines

PHL seen indirectly affected by Trump's 25% tariff on some chips

US PRESIDENT Donald J. Trump's 25% tariff on certain semiconductors, particularly on advanced computing chips, is likely to affect Philippine manufacturers only indirectly, an analyst said.

time to read

2 mins

January 16, 2026

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