Newspaper
Business World Philippines
Sotheby's commissions slump by nearly 20% as luxury falters
SOTHEBY'S reported a nearly 20% drop in revenue from commissions and fees last year as sales of luxury items and works of fine art at auction dwindled.
1 min |
September 17, 2025
Business World Philippines
PHL car sales down 7.6% in August
PHILIPPINE VEHICLE sales declined year on year in August to the lowest volume in four months, dragged by weaker demand for both passenger and commercial cars, according to industry data.
3 min |
September 17, 2025
Business World Philippines
BIS warns of mounting disconnect between debt and stock markets
The Bank for International Settlements (BIS) has warned that record global share prices appear increasingly disconnected from the rising concerns about government debt levels in the bond markets.
2 min |
September 17, 2025
Business World Philippines
AbaCore unit, PNOC eye wind project in Batangas
SIMLONG Energy Development Corp. (SEDC), a subsidiary of listed AbaCore Capital Holdings, Inc., has signed a deal with state-run Philippine National Oil Co. (PNOC) to study the feasibility of an onshore wind farm in Batangas as part of efforts to expand renewable energy.
1 min |
September 17, 2025
Business World Philippines
CA freezes assets linked to flood control scam
THE Philippines froze bank accounts and insurance policies tied to 20 Public Works officials and six contractors in a widening probe of anomalous flood control projects, a move that could boost President Ferdinand R. Marcos, Jr.'s anti-corruption drive as he faces pressure to rein in ballooning debt.
2 min |
September 17, 2025
Business World Philippines
Gold on fresh peaks as dollar, yields ease
GOLD rose to an all-time high on Monday, underpinned by a softer dollar and lower Treasury yields, as investors positioned ahead of a pivotal US Federal Reserve meeting this week that could set the tone for the rest of the year.
1 min |
September 17, 2025
Business World Philippines
SC orders temporary halt to redistricting of Bangsamoro Parliament ahead of polls
THE SUPREME COURT (SC) en banc has issued a temporary restraining order (TRO) against the enforcement of a law reorganizing parliamentary districts in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) ahead of its first parliamentary elections on Oct. 13.
1 min |
September 17, 2025
Business World Philippines
Reissued 10-year bonds fetch lower rates before Fed review
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average yield on the back of strong investor demand and with the US Federal Reserve set to deliver its first rate cut for this year at this week’s pol-
2 min |
September 17, 2025
Business World Philippines
Globe says new towers completed in Bulacan
GLOBE TELECOM, INC. said it has added cell towers in Bulacan to expand network coverage.
1 min |
September 17, 2025
Business World Philippines
KaHero eyes double growth as MSMES seek digital tools
LOCAL POINT OF SALE (PoS) platform KaHero is targeting to double its reach in the next three years, banking on rising demand among micro, small and medium enterprises (MSME) for digital solutions to improve efficiency and scale operations.
1 min |
September 17, 2025
Business World Philippines
Palay output forecast cut after heavy floods in July
THE Department of Agriculture (DA) said it reduced its forecast for palay (unmilled rice) production following the July floods.
1 min |
September 17, 2025
Business World Philippines
P20-B wind power project to rise in Northern Samar by 2026
SINGAPORE-BASED Vena Energy’s local unit Gemini Wind Energy Corp. (GWEC) said it is investing P20.2 billion in a 304-megawatt (MW) wind farm in Northern Samar, slated to start operations in late 2026, to help expand the country’s renewable energy capacity.
1 min |
September 17, 2025
Business World Philippines
US stock indexes end higher ahead of Fed meeting; Tesla rallies
THE THREE MAJOR US stock indexes closed higher on Monday with the S&P 500 and the Nasdaq notching intraday record high closes, as investors await the US Federal Reserve’s crucial policy meeting later this week.
2 min |
September 17, 2025
Business World Philippines
PHL exploring financing solutions to reduce capital costs for offshore wind
THE government is in talks with international financial institutions to find ways to lower the cost of capital for offshore wind developers, the Department of Energy (DoE) said.
1 min |
September 17, 2025
Business World Philippines
Citgo parent auction nears final stages as sale hearing kicks off
A long-awaited sale hearing expected to complete a US court-organized auction of shares in the parent of Venezuela-owned US refiner Citgo Petroleum kicked off on Monday, with bidders and creditors locked in a bitter dispute over who should win.
2 min |
September 17, 2025
Business World Philippines
Copper scales 15-month high on dollar, China deal
Copper prices climbed to their highest in 15 months on Monday after a drop in the dollar and a deal between the US and China on TikTok spurred buying by speculators who brushed off downbeat data from China.
1 min |
September 17, 2025
Business World Philippines
Buccaneers best Texans with last-minute TD drive
RACHAAD WHITE scored on a 2-yard run with six seconds left as the visiting Tampa Bay Buccaneers earned a dramatic 20-19 victory over the Houston Texans on Monday night.
2 min |
September 17, 2025
Business World Philippines
GS Kuminga stalemate
Jonathan Kuminga is chasing the right to steer his own future. The Warriors have placed increasingly generous offers on the table, and his continued holdout underscores just how much he wants the next chapter of his career to unfold on his terms. From his vantage point, control is the only currency with value.
2 min |
September 17, 2025
Business World Philippines
Arabica coffee hits multi-month high; cocoa also gains
Arabica coffee futures on ICE surged near seven-month high on Monday, boosted by tight supply in the US, while cocoa prices also climbed.
1 min |
September 17, 2025
Business World Philippines
DLSU’s Mike Phillips set to join SEAG Gilas on UAAP early finish
DE LA SALLE UNIVERSITY’s (DLSU) Mike Phillips is more than willing to throw his hat to the Gilas Pilipinas sweepstakes for the 33\" Southeast Asian Games (SEAG) in Thailand this December as the UAAP looks to finish the 88\" Season earlier than usual.
2 min |
September 17, 2025
Business World Philippines
From outrage to action: Why the private sector must build a blockchain for public projects
I nrecent weeks, headlines have once again been dominated by corruption scandals surrounding infrastructure projects. Allegations of ghost projects, padded contracts, and manipulated bidding processes within the Department of Public Works and Highways (DPWH) have sparked both anger and despair among ordinary Filipinos. For many, this feels like déja vu: we have seen this movie before, and the ending is always the same — taxpayer money gone, accountability missing, and trust in our institutions further eroded.
4 min |
September 17, 2025
Business World Philippines
FWD Life Philippines posts P4.6 billion in new business premiums for the first half
FWD LIFE Insurance Corp. (FWD Life Philippines) recorded a new business annual premium equivalent (NBAPE) of P4.6 billion in the first half, driven by its product offerings and its expanded network.
1 min |
September 17, 2025
Business World Philippines
Panaderia de Molo to open first Metro Manila branch in 2026
ILOILO-BASED Panaderia de Molo, one of the country’s oldest bakeries, is set to expand to Metro Manila with a planned branch in Quezon City by 2026, bringing its famed molo ball soup and baked goods closer to a wider market.
1 min |
September 17, 2025
Business World Philippines
Philippines to strengthen campaign for UNSC seat
MANILA is looking to strengthen its bid for a non-permanent seat at the United Nations Security Council (UNSC) during the UN’s general assembly this month, the Department of Foreign Affairs (DFA) said on Tuesday.
2 min |
September 17, 2025
Business World Philippines
LBC Express settles $39-M convertible debt to CP Briks
LBC EXPRESS Holdings, Inc. has fully settled its $39-million secured convertible instrument issued to CP Briks Pte. Ltd. in 2017, the listed logistics provider told the stock exchange on Tuesday.
1 min |
September 17, 2025
Business World Philippines
STN gets SEC nod for valuation, clears way for PSE listing of unlisted shares
STENIEL MANUFACTURING CORP. (STN) secured approval from the Securities and Exchange Commission (SEC) for its share valuation, paving the way to issue additional shares and list previously unlisted stock on the Philippine Stock Exchange (PSE).
1 min |
September 17, 2025
Business World Philippines
Missed the show?
CCP Channel gives access to films, original productions, rare performances
3 min |
September 17, 2025
Business World Philippines
Stocks rebound on bargain hunting before Fed
PHILIPPINE SHARES rebounded on Tuesday as investors picked up cheap stocks after the market’s drop, although the mood remained cautious as the US Federal Reserve was set to begin its two-day meeting overnight.
2 min |
September 17, 2025
Business World Philippines
Wild-card contending Giants, D-backs open crucial set
THE reeling New York Mets’ struggles have breathed life into the National League wildcard race, and contenders San Francisco and Arizona will try to take advantage when they meet in a three-game series beginning Monday in Phoenix.
2 min |
September 17, 2025
Business World Philippines
Google sets out $6.8-billion UK investment ahead of President Trump’s state visit
Google said on Tuesday it would make £5 billion ($6.8 billion) in new investments into Britain ahead of US President Donald J. Trump’s state visit to the country, which is expected to feature a flurry of business deals and partnerships.
1 min |