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Business World Philippines

Business World Philippines

Another People Power in the making?

By now, most Filipinos have seen, if not memorized, excerpts from Senator Ping Lacson’s much-circulated “corruptionary.” Unlike the entries in Merriam-Webster, Lacson’s version doesn’t define words, it defines a system. It is tailor-made for the digital age: short, graphic, and horrifyingly effective in exposing how billions in public funds have been misused, particularly in the Department of Public Works and Highways’ (DPWH) flood control projects. These are not mere accounting errors, they are systematic acts of plunder.

5 min  |

September 05, 2025

Business World Philippines

MOPC honors MVP with 2025 Travel and Tourism Enabler Award

THE MANILA OVERSEAS Press Club (MOPC) presented the 2025 Travel and Tourism Enabler Award to Manuel V. Pangilinan (MVP), Chairman of Metro Pacific Investments Corp. (MPIC), PLDT, and Smart.

1 min  |

September 05, 2025

Business World Philippines

First Gen says Batangas plant to run on Bac-Man geothermal via GEOP

THE Department of Energy (DOE) plans to begin accepting applications for nuclear energy projects by 2026 as part of efforts to introduce nuclear power into the country's energy mix by 2032.

2 min  |

September 05, 2025

Business World Philippines

People vs productivity: A corporate investment dilemma

Our organization has been profitable for the past three years. For now, we have spare cash to spend on only one of two choices. Which should be our priority: motivating workers with an improved cafeteria or acquiring new equipment that enhances labor productivity? — Jelly Bean.

3 min  |

September 05, 2025

Business World Philippines

BPI eyes agentic AI for lending

BANK of the Philippine Islands (BPI) is eyeing to use agentic artificial intelligence (AI) to facilitate parts of its lending process, its top official said.

1 min  |

September 05, 2025
Business World Philippines

Business World Philippines

From sinking streets to carbon solutions

WHEN Quezon City streets went underwater after just a few hours of localized rain on Aug. 30, many were shocked. It is unusual for short bursts of rainfall to paralyze a major city in Metro Manila.

4 min  |

September 05, 2025

Business World Philippines

Interest never sleeps

The 2026 National Expenditure Program prepared by the Department of Budget and Management (DBM) and submitted to Congress is set at a record P6.793 trillion. While high expenditures are expected for a growing country like the Philippines, the increasing debt level is concerning, as the government is projected to spend P950 billion on interest payments, with another PI trillion allocated for principal amortization. Movements in interest rates are significant as interest payments are a function of rates and the principal borrowed.

2 min  |

September 05, 2025

Business World Philippines

Outrage, memes and amnesia

THE RECENT flood control fiasco offers a textbook case of our political cycle of outrage and forgetting.

4 min  |

September 05, 2025

Business World Philippines

Peso returns to P56:$1 level as US data bolster Fed easing view

THE PESO jumped back to the P56 level versus the dollar on Thursday as weaker-than-expected US jobs data fueled expectations of a rate cut by the US Federal Reserve this month.

2 min  |

September 05, 2025

Business World Philippines

Large-scale RE auction fails to hit installation target

THE GOVERNMENT was unable to hit its installation target of 10,653 megawatts (MW) of renewable energy (RE) capacities under the fourth round of green energy auction (GEA-4).

2 min  |

September 05, 2025

Business World Philippines

New fiscal regime for mining industry signed into law

PHILIPPINE President Ferdinand R. Marcos, Jr. on Thursday signed into law a measure that overhauls the tax regime for large-scale metallic mining, imposing royalties and profit-based levies to boost government revenue and share gains with host communities.

3 min  |

September 05, 2025

Business World Philippines

Arabica coffee gains ground; sugar near 4-week low

Arabica coffee futures on ICE closed higher on Wednesday, regaining some ground after falling sharply during the previous session, while raw sugar slipped to nearly a four-week low.

1 min  |

September 05, 2025

Business World Philippines

PPP pipeline cut to 229 projects worth P2.77T

THE public-private partnership (PPP) project pipeline now consists of 229 projects valued at P2.77 trillion, following the removal of several digitalization and waste management initiatives.

1 min  |

September 05, 2025

Business World Philippines

North Korea wipes traces of Kim Jong Un after Beijing meeting with Putin

After Kim Jong Un met with Russian President Vladimir Putin in Beijing, North Korean staffers carefully wiped off items touched by the country’s supreme leader, in what analysts say is part of a suite of security measures to counter foreign spies.

1 min  |

September 05, 2025

Business World Philippines

SM readies P150-B expansion, upgrade push through 2030

SM SUPERMALLS is earmarking more than P150 billion in capital expenditure (capex) to fund major redevelopments and build new lifestyle malls over the next five years, its president said.

2 min  |

September 05, 2025

Business World Philippines

BSP, DOLE sign information exchange agreement

THE Bangko Sentral ng Pilipinas (BSP) said it signed an information-sharing agreement with the Department of Labor and Employment (DoLE) to enhance the central bank’s capacity to maintain price stability.

1 min  |

September 05, 2025

Business World Philippines

Developers urged to grow industrial segment to attract foreign expansion

PROPERTY DEVELOPERS must consider expanding their presence in the industrial segment to attract foreign companies diversifying their supply chains, property consultancy Colliers Philippines said.

1 min  |

September 05, 2025

Business World Philippines

Alcaraz vs Djokovic

The result was familiar, but the manner in which it was crafted bore the strain of survival.

2 min  |

September 05, 2025

Business World Philippines

Copper steadies after hitting five-month high

Copper prices were steady on Wednesday after hitting their five-month high on mounting expectations of a US interest rate cut later in the month and a weaker dollar.

1 min  |

September 05, 2025

Business World Philippines

Gilas Youth gets early door in loss to Bahrain in U16 Asia Cup

FROM Final Four to an early boot.

1 min  |

September 05, 2025

Business World Philippines

Tulfo threatens to block DoLE budget over Camanava wage underpayment

SENATOR Rafael T. Tulfo said he would block the Department of Labor and Employment’s (DoLE) budget if it does not address alleged negligence by its field inspectors.

1 min  |

September 05, 2025

Business World Philippines

Anna Vergel's next solo exhibit slated for next year

JUST LIKE we are on a personal journey throughout our lives, artists are on a journey of creativity and expression through the entire length of their professional careers.

1 min  |

September 05, 2025
Business World Philippines

Business World Philippines

Newport World Resorts to hold grandest Oktoberfest yet

THIS YEAR, Newport World Resorts brings Bavaria closer to Manila with the grandest Oktoberfest yet, running from Oct. 8 to 11 (all four dates open for public sale) at The Ballroom, Hilton Manila Newport World Resorts.

1 min  |

September 05, 2025

Business World Philippines

UST striker Ybañez will be converted to libero in FIVB volleyball men’s tourney

JOSH YBAÑEZ is doing whatever it takes to help Alas Pilipinas in the FIVB Volleyball Men’s World Championship slated Sept. 12 to 28 at the MOA Arena and Smart Araneta Coliseum.

1 min  |

September 05, 2025

Business World Philippines

Nasdaq, S&P 500 rise with Apple, Alphabet, rate cut hopes; Dow dips

NEW YORK — The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a US judge ruled against breaking up the Google parent and as investors were optimistic that the US Federal Reserve would cut interest rates this month.

2 min  |

September 05, 2025

Business World Philippines

Weather that drove Iberian wildfires is 40 times more likely to recur due to climate change, report says

The hot, dry and windy conditions this summer that fueled the worst wildfires in Spain for at least three decades are 40 times more likely to recur due to human-caused climate change, according to an analysis by World Weather Attribution.

1 min  |

September 05, 2025

Business World Philippines

Konektadong Pinoy expected to unlock digital infra investment

PHILIPPINE DIGITAL infrastructure will come in for a wave of upgrades because of increased investment facilitated by the Konektadong Pinoy Act, according to Fitch Solutions unit BMI.

2 min  |

September 05, 2025

Business World Philippines

Cinemalaya 2025 goes to Shangri-La Plaza

Lineup filled with star-studded films

7 min  |

September 05, 2025

Business World Philippines

Suntrust acquires 40% stake in WBHC, gains indirect interest in casino project

LISTED casino developer Suntrust Resort Holdings, Inc. said it has acquired a 40% stake in Westside Bayshore Holding Corp. (WBHC) after subscribing to 400 million common shares in the company to fast-track the development of the Westside Integrated Resort Project in Parañaque City.

1 min  |

September 05, 2025

Business World Philippines

PSE launches new partnership to boost global investor outreach

THE PHILIPPINE STOCK EXCHANGE (PSE) and Bloomberg, a global financial data and media company, have announced a partnership aimed at boosting global investor awareness of the Philippine capital markets, through a series of joint outreach initiatives both locally and internationally.

1 min  |

September 05, 2025