Essayer OR - Gratuit

How many saints can Pope Leo add to his army?

Business World Philippines

|

June 25, 2025

POPE LEO XIV must have found out about the US bombing of Iran’s nuclear sites just like the rest of Europe — first thing Sunday morning upon waking. It was the 46th day of his papacy and he did what the Roman pontiff was expected to do. At his weekly noon message to the vast throng gathered in St. Peter’s Square, he condemned war as an instrument of policy and pleaded with world leaders to remember the suffering of the innocent. The

- By Howard Chua-Eoan

How many saints can Pope Leo add to his army?

crowd applauded on that muggy morning, but those virtues feel a little toothless in the wake of bunker-busters and the potential for anarchy.

A geopolitical lesson of the late 20th century was never to underestimate the power of the papacy. John Paul II played a part in dissolving the Soviet-led Warsaw Pact and ending the Cold War, but that’s increasingly dusty history. The Vatican has spent the last couple of decades cleaning up Saint John Paul’s administrative messes — from priestly abuse to banking fiascos. The late Pope Francis may have come across as avuncular, embracing, and a liberal, but he was also a tough manager and went a long way to putting the Vatican back on a surer financial footing, although more work needs to be done.

Despite its inadequacies, the Roman Catholic Church remains an enormous globalized organization. It’s had a long head start. The department that oversaw the evangelization — that is, the conversion — of the world was established in 1600. Barocco Globale, an intriguing show at the armory of the Quirinale in Rome, shows the breadth of papal geopolitical interests in the 17th century. It opens with the state funeral that Pope Paul V organized for the ambassador of the Congolese king, who died in Rome after a perilous trip to the Holy See. The diplomat’s posthumous bust — modeled on a version of ancient Rome's African nemesis, Hannibal — was displayed in Santa Maria Maggiore, the basilica where Francis is now interred.

PLUS D'HISTOIRES DE Business World Philippines

Business World Philippines

PNB, Discovery Capital Finance ink partnership to boost SME lending

PHILIPPINE National Bank (PNB) has partnered with Discovery Capital Finance Corp. (DCFC) for a loan facility to boost financing for small and medium enterprises (SMEs).

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

PHINMA Education adds 12,000 slots with new Quezon City, Cebu buildings

PHINMA EDUCATION Holdings, Inc. said it aims to enroll 12,000 additional students at its Quezon City and Cebu educational institutions with the inauguration of new buildings.

time to read

1 mins

December 18, 2025

Business World Philippines

Yields on seven-day deposits drop further after Fed, BSP cuts

YIELD on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fell on Wednesday as the offer was met with strong demand following cuts to benchmark rates here and in the United States.

time to read

2 mins

December 18, 2025

Business World Philippines

AMRO says impact of BSP rate adjustments are delayed, limited

THE TRANSMISSION of the Bangko Sentral ng Pilipinas' (BSP) monetary policy adjustments into the financial system remains delayed and limited, a report from the ASEAN+3 Macroeconomic Research Office (AMRO) showed.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Château Angélus: Still chiming in Manila

WHEN Hubert de Boüard, owner of Château Angélus, arrived in Manila last month to host a wine dinner at Wine Story in BGC Taguig, the atmosphere was charged with anticipation.

time to read

5 mins

December 18, 2025

Business World Philippines

IPO activity stalls in Philippines amid market slump and fallout from flood control scandal

INITIAL PUBLIC OFFERINGS (IPOs) on the Philippine Stock Exchange (PSE) slumped to just two this year as uncertainty over US tariffs and a high-profile corruption scandal weighed on investor sentiment, according to analysts.

time to read

4 mins

December 18, 2025

Business World Philippines

More rate cuts could reignite inflation, hurt US Fed’s credibility, Bostic says

Further interest rate cuts could put US monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.

time to read

1 mins

December 18, 2025

Business World Philippines

Federal Land, Inc. divests 52% stake in Crown Central

FEDERAL LAND, INC. (FLI), the property arm of GT Capital Holdings, Inc., and its subsidiary Horizon Land Property Development Corp. have sold their combined 52% stake in Crown Central Properties Corp. to Crown Equities, Inc. (CEI) for a total of P73.48 million.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Coupang CEO fails to appear at South Korean parliamentary hearing on data breach

The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they would hold him responsible.

time to read

1 mins

December 18, 2025

Business World Philippines

House approves bill amending bank secrecy law on second reading

THE HOUSE of Representatives on Monday approved on second reading a bill amending the Philippines' decades-old bank secrecy law, allowing the Bangko Sentral ng Pilipinas (BSP) to look into the accounts of bank officers and employees involved in illegal financial activities.

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size