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Business World Philippines
Chicago wheat, corn slip on continued supply pressure
Chicago wheat fell on Tuesday, pressured by an upward revision to Russia’s wheat crop forecast and the latest talks to end the war in Ukraine, while corn eased as strong yield projections from a US Midwest field tour maintained supply pressure.
1 min |
August 21, 2025
Business World Philippines
BCDA, PSC to jointly develop sports facilities in Clark, Baguio
NEW CLARK CITY Athletics Stadium
1 min |
August 21, 2025
Business World Philippines
Americans fear the possibility of Al permanently displacing workers — Reuters/Ipsos poll
Americans are deeply concerned over the prospect that advances in artificial intelligence (AI) could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll.
2 min |
August 21, 2025
Business World Philippines
Humble coconut oil turns into a luxury on rising demand, shrinking output
Prices of coconut oil are surging in Asia, where top consumer India leads the charge with a tripling in two years, as supply shortages and booming demand for the nutrient-rich water enclosed within turn the kitchen staple into a premium product.
1 min |
August 21, 2025
Business World Philippines
TDF yields end mixed
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) ended mixed on Wednesday due to weak demand, with both tenors going undersubscribed as market liquidity was affected by the government’s recently concluded offering of retail Treasury bonds (RTB).
2 min |
August 21, 2025
Business World Philippines
All-weather getaways with Azalea Hotels and Residences Baguio
WHETHER BASKING in sunshine or wrapped in a gentle fog of rain, Azalea Hotels & Residences Baguio remains your ideal home in the “Summer Capital of the Philippines.”
1 min |
August 21, 2025
Business World Philippines
NAIA fee hikes not arbitrary, allowed by concession terms, operator says
PLANS to raise the passenger service charge (PSC) at the Ninoy Aquino International Airport (NAIA) are within the parameters of the concession agreement, the airport operator said on Wednesday.
1 min |
August 21, 2025
Business World Philippines
BoC, CHEd budget use deemed ‘unsatisfactory’
THE Bureau of Customs (BoC) and the Commission on Higher Education (CHEd) topped a list of agencies that were rated “unsatisfactory” in the use of their budgets, the Department of Budget and Management (DBM) said on Wednesday.
1 min |
August 21, 2025
Business World Philippines
ERC OKS Alternergy’s P2.8-B grid link project for Tanay wind farm
ALTERNERGY Holdings Corp. has secured approval from the Energy Regulatory Commission (ERC) to build a P2.8-billion transmission facility to connect its 128-megawatt (MW) wind power project in Tanay, Rizal.
1 min |
August 21, 2025
Business World Philippines
Gold bullion prices fall as investors await Fed’s Jackson Hole conference
GOLD PRICES edged lower on Tuesday as the US dollar firmed, while investors hunkered down for US Federal Reserve Chair Jerome H. Powell’s speech at Jackson Hole later this week.
1 min |
August 21, 2025
Business World Philippines
Deeds signed for ABS-CBN’s P6.24-B property deal with ALI
MEDIA company ABS-CBN Corp. said it has signed the deeds of absolute sale (DoAS) covering part of its Quezon City property with property developer Ayala Land, Inc. (ALI), formalizing a P6.24-billion deal announced earlier.
1 min |
August 21, 2025
Business World Philippines
Gilas women U23 leads cast of Pilipinas United 3x3 League
GILAS Pilipinas women U23 squad banners the cast as the inaugural Pilipinas United 3x3 League (PUL) gets going this weekend at the Ayala Malls Manila Bay.
1 min |
August 21, 2025
Business World Philippines
Bank Indonesia surprises with interest rate cut
Indonesia’s central bank cut interest rates again in a surprise move on Wednesday, stepping up support for Southeast Asia’s largest economy against the backdrop of global uncertainties.
1 min |
August 21, 2025
Business World Philippines
Filipinas will have a tough camp leading to the SEAG preparation
AS they watched Australia Under-23 claim the throne in the Asean Women’s Championship that used to be theirs, the Filipinas are already plotting their redemption drive in the next big battle, the Southeast Asian Games (SEAG).
1 min |
August 21, 2025
Business World Philippines
UP’s recruit passed away after collapsing in practice
UNIVERSITY OF THE PHILIPPINES’ (UP) newest recruit Israel Osamudiame on Friday has passed away after collapsing in practice, the Fighting Maroons announced in a statement on Wednesday.
1 min |
August 21, 2025
Business World Philippines
Something hot
A collaboration with A Spark of Madness is sizzling up at Shake Shack.
4 min |
August 21, 2025
Business World Philippines
SMFL to buy 30% stake in RCBC leasing arm
SUMITOMO Mitsui Finance and Leasing Co., Ltd. (SMFL) is set to buy a 30% stake in the leasing arm of Rizal Commercial Banking Corp. (RCBC).
1 min |
August 21, 2025
Business World Philippines
PR firm sets up studio with Al-generated anchors
LOCAL public relations (PR) firm PAGEONE Group has launched PAGEONE Studios, a production unit that will use artificial intelligence (AI) to produce newscasts and other digital content.
1 min |
August 21, 2025
Business World Philippines
10 South Korean petrochemical firms to cut capacity and restructure — gov’t
Ten South Korean petrochemical companies have agreed to restructure their operations, including large cuts to their naphtha-cracking capacity, government officials said on Wednesday.
1 min |
August 21, 2025
Business World Philippines
AboitizPower sees stronger second half on new capacities, contracts
ABOITIZ POWER CORP. (AboitizPower) expects stronger earnings in the second half (H2) of the year as new power capacities and contracts begin to contribute to revenues.
1 min |
August 21, 2025
Business World Philippines
Filinvest inaugurates Innovation Park in Ciudad de Calamba
FILINVEST LAND INC. officially opens Filinvest Innovation Park – Ciudad de Calamba (FIPC), a 25-hectare industrial estate aimed to attract future-ready industries and strengthen economic development in Southern Luzon.
1 min |
August 21, 2025
Business World Philippines
PBB to expand consumer lending business as it eyes sustained profitability
PHILIPPINE Business Bank, Inc. (PBB) targets to double its income over the next four years as it looks to grow its consumer business to boost its margins while working towards its goal to upgrade to a universal bank.
1 min |
August 21, 2025
Business World Philippines
National Fiber Backbone seen completed next year
THE Department of Information and Communications Technology (DICT) said it expects to complete the final phases of the National Fiber Backbone next year.
1 min |
August 21, 2025
Business World Philippines
TCS, NOW Telecom join forces to power PHL's sovereign data cloud
TATA CONSULTANCY SERVICES (TCS) has partnered with NOW Corp.'s telecom arm, NOW Telecom, to bolster national digital sovereignty, enable financial inclusivity, and build a clean network for the Philippines.
1 min |
August 21, 2025
Business World Philippines
PAGCOR projects P117-B revenue in 2025 amid online gambling surge
THE Philippine Amusement and Gaming Corp. (PAGCOR) expects to generate P116.65 billion in revenue this year, propelled by the rapid growth of online gambling and intensified government action against illegal platforms.
2 min |
August 21, 2025
Business World Philippines
Remittances likely to remain resilient for rest of 2025 — analysts
CASH REMITTANCES are projected to remain resilient for the rest of the year, potentially surpassing the Bangko Sentral ng Pilipinas’ (BSP) 2.8% full-year growth target, analysts said.
2 min |
August 20, 2025
Business World Philippines
Philippines officially exits from EU ‘high risk’ money laundering list
THE BANGKO Sentral ng Pilipinas (BSP) on Tuesday vowed to continue efforts to combat financial crimes, after the Philippines officially exited the European Union’s (EU) list of countries that are at “high-risk” for money laundering.
2 min |
August 20, 2025
Business World Philippines
Peso weakens as players eye Fed gathering
THE PESO weakened against the dollar on Tuesday as market players awaited the US Federal Reserve’s Jackson Hole symposium, where officials are expected to provide clues on the central bank’s policy path.
1 min |
August 20, 2025
Business World Philippines
BTr fully awards bond offer
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at lower rates amid strong demand on expectations that borrowing costs will continue to go down.
2 min |
August 20, 2025
Business World Philippines
Central bank's Q1 profit surges to P40.2 billion on higher net FX gain
THE BANGKO SENTRAL ng Pilipinas' (BSP) net income more than doubled in the first quarter as it booked a larger net foreign exchange (FX) gain, preliminary data showed.
1 min |