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Decades-long contracts chain Asia to coal-fired power

Business World Philippines

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November 21, 2025

PLUS D'HISTOIRES DE Business World Philippines

Business World Philippines

DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade

THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone revenues through 2030 and undermine its fiscal consolidation efforts.

time to read

3 mins

November 21, 2025

Business World Philippines

Digital VAT collection nears P7 billion - BIR

THE PHILIPPINE government has collected almost P7 billion from a 12% value-added tax (VAT) on digital services, the Department of Finance said, providing a lift to revenue intake at a time when slower growth and a corruption probe are weighing on collections.

time to read

2 mins

November 21, 2025

Business World Philippines

Business World Philippines

DICT chief targets to raise digital economy's share to GDP to 12.5%

THE DEPARTMENT of Information and Communications Technology (DICT) is aiming to increase the share of the digital economy to gross domestic product (GDP) to 12.5% by 2028, by fast-tracking digital infrastructure projects and attracting more hyperscalers to operate in the country.

time to read

3 mins

November 21, 2025

Business World Philippines

BOP position swings to $706-M surplus in Oct.

THE PHILIPPINES' balance of payments (BoP) position swung to a surplus in October, narrowing the country's external position gap in the 10-month period, the central bank said.

time to read

2 mins

November 21, 2025

Business World Philippines

Aramco signs preliminary US deals worth more than $30B

Oil giant Saudi Aramco said on Wednesday it had signed 17 preliminary deals with US companies with a potential overall value of more than $30 billion, during a visit to Washington by the Saudi Crown Prince.

time to read

1 min

November 21, 2025

Business World Philippines

Scholarships, an engine for social mobility

IT HAS BEEN an enduring belief that education is the greatest equalizer.

time to read

2 mins

November 21, 2025

Business World Philippines

BPO workers urge legislators to pass law regulating industry safety, permanent employment, pay levels

SENATE BILL (SB) NO. 1493, or the proposed BPO Workers’ Welfare and Protection Act, represents the latest effort to ensure that industry employees are protected, a business process outsourcing (BPO) employee association said.

time to read

1 mins

November 21, 2025

Business World Philippines

Business World Philippines

Decades-long contracts chain Asia to coal-fired power

Decades-long coal-fired power purchase contracts are slowing the transition to cleaner energy sources in Asia, leading utilities to burn more coal even when wind and solar power are available, according to climate researchers and renewable energy advocates.

time to read

1 min

November 21, 2025

Business World Philippines

EU trade talks unaffected by corruption worries, PHL acted fast – ambassador

THE European Union (EU) does not expect the infrastructure corruption scandal to affect negotiations with the Philippines for a free trade agreement (FTA), noting that the government seems to be addressing the matter, the delegation of the EU to the Philippines said.

time to read

1 mins

November 21, 2025

Business World Philippines

Gold trims gains after US Fed minutes

GOLD PRICES pared gains on Wednesday after the release of minutes from the US Federal Reserves latest meeting, while market participants focused on upcoming economic data for further clues on the US interest rate path.

time to read

1 mins

November 21, 2025

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