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Marcos leaves for ASEAN Summit in Kuala Lumpur

Business World Philippines

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May 26, 2025

PRESIDENT Ferdinand R. Marcos, Jr. left for Malaysia on Sunday to attend the 46th Association of Southeast Asian Nations (ASEAN) Summit, where he is expected to engage in high-level discussions on regional cooperation, economic resilience and security challenges with fellow Southeast Asian leaders.

In a speech delivered at Villamor Air Base in Pasay City before his departure, Mr. Marcos said the Philippines fully supports Malaysia's ASEAN chairmanship and its chosen summit theme of “Inclusivity and Sustainability.”

The Philippines will hold the baton next year as chief of the economic bloc.

Before his departure, Mr. Marcos tapped Executive Secretary Lucas P. Bersamin, Justice Secretary Jesus Crispin C. Remulla and Agrarian Reform Secretary Conrado M. Estrella III as government caretakers.

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Police investigate deaths of filmmaker Rob Reiner and wife as apparent homicide

Actor-director and political activist Rob Reiner and his wife were found dead in their Los Angeles home on Sunday, and police detectives are investigating the circumstances as an apparent homicide, city officials said.

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Asialink secures $50M in fresh funds under ADB credit facility

ASIALINK FINANCE Corp. (AFC) has secured $50 million in additional funding support as it looks to expand its lending to micro, small, and medium enterprises (MSME) across the Philippines.

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Manila Water, Maynilad to hike rates next year

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2 mins

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Deutsche Bank sees 25-bp cut in Feb.

THE BANGKO SENTRAL ng Pilipinas (BSP) might deliver a sixth straight rate cut at its first policy meeting next year as weak domestic and external economic prospects could drag growth, Deutsche Bank Research said.

time to read

2 mins

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Business World Philippines

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Meralco seeks bids for 200-MW renewable energy supply

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time to read

1 min

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IMF lowers PHL growth forecasts for 2025 and 2026

THE PHILIPPINE ECONOMY is seen to grow below target until next year, as higher US tariffs dampened exports and investments, the International Monetary Fund (IMF) said on Monday.

time to read

2 mins

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Business World Philippines

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NEO Office PH eyes full occupancy next year

OFFICE developer NEO Office PH expects to achieve full occupancy next year as leasing demand from business process outsourcing (BPO) companies and small and medium enterprises (SMEs) remains strong, company officials said.

time to read

2 mins

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Business World Philippines

Remittances jump by 3% in October

Slowest growth in five months

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3 mins

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Business World Philippines

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BTr fully awards last T-bill offer as yields mostly move sideways

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at mixed rates amid weakening market activity before the yearend and following the US Federal Reserve and Bangko Sentral ng Pilipinas’ (BSP) policy decisions.

time to read

2 mins

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PHL sees 2.16% drop in tourist arrivals

VISITOR ARRIVALS in the Philippines fell by 2.16% in the first 11 months, amid a decline in tourists from South Korea and China, Tourism department data showed.

time to read

2 mins

December 16, 2025

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