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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.

5 min  |

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.

4 min  |

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.

1 min  |

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.

1 min  |

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.

1 min  |

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.

2 min  |

December 18, 2025
Business World Philippines

Business World Philippines

Unwalkable

I am not yet a senior, but I am I getting there. I have a heart I am not legally classified as a person with disability or PWD.

5 min  |

December 18, 2025

Business World Philippines

Palace optimistic Congress can deliver ‘clean’ national budget on time

MALACAÑANG said President Ferdinand R. Marcos, Jr. is still confident Congress can deliver a “clean” 2026 national budget in time, following recommendations that areenacted budget may be necessary.

2 min  |

December 18, 2025

Business World Philippines

Indonesia’s central bank keeps rates steady, focuses on rupiah’s stability

Indonesia’s central bank held its policy rates unchanged for a third straight meeting on Wednesday, maintaining its focus on supporting the rupiah currency while it assesses the impact of its earlier easings.

1 min  |

December 18, 2025

Business World Philippines

Banks' real estate exposure slips

PHILIPPINE BANKS and trust entities' exposure to the property sector slipped at the end of September, amid a decline in real estate investments, Bangko Sentral ng Pilipinas (BSP) data showed.

3 min  |

December 18, 2025

Business World Philippines

ICC chamber seeks counsel, prosecution 'observations' in Duterte's jurisdiction appeal

THE Appeals Chamber of the International Criminal Court (ICC) has ordered the prosecution and counsel for victims to file “additional observations” on the appeal of former Philippine President Rodrigo R. Duterte challenging the court’s jurisdiction over his crimes against humanity.

2 min  |

December 18, 2025

Business World Philippines

Marcos tells new PNP generals to exercise restraint, uphold public trust

PRESIDENT Ferdinand R. Marcos, Jr. urged newly promoted Philippine National Police (PNP) generals to exercise restraint and uphold public trust as he presided over the oath taking of 50 star-ranked officers at Malacañang on Wednesday.

1 min  |

December 18, 2025

Business World Philippines

President Marcos rejects Philippines portrayal as terrorist training hotspot

THE Philippines rejected claims by some foreign media outlets that portrayed the country as an Islamic State training hub following reports the alleged gunmen linked to the Bondi Beach mass shooting in Australia entered the country 15 days before the incident.

3 min  |

December 18, 2025

Business World Philippines

PT&T cedes majority control of SecureLink to Netlinkz

PT&T CORP. has reduced its stake in SecureLink Networks, Inc., allowing its Australian partner Netlinkz Global Services Ltd. to become the majority shareholder.

1 min  |

December 18, 2025
Business World Philippines

Business World Philippines

ALLTV secures broadcast rights for ABS-CBN programs starting 2026

ABS-CBN CORP. has signed a content licensing agreement with Advanced Media Broadcasting System, Inc. (ALLTV) to broadcast certain Kapamilya Channel programs starting Jan. 2, 2026, the listed media company said.

1 min  |

December 18, 2025

Business World Philippines

GMA Network shifts int'l channels to cloud-based distribution

GMA NETWORK, INC. is upgrading its broadcast operations by moving its international channels to cloud-based distribution through a partnership with global video technology company Synamedia and its local distributor, Telered Technologies and Services Corp.

1 min  |

December 18, 2025
Business World Philippines

Business World Philippines

Pag-IBIG Fund rewards members in year-end raffle draws with prizes of up to P500,000

Pag-IBIG

1 min  |

December 18, 2025

Business World Philippines

PHL shares inch up as investors pick up bargains

PHILIPPINE SHARES inched up again on Wednesday as investors picked up bargains and as the peso’s strength versus the dollar provided some relief.

2 min  |

December 18, 2025
Business World Philippines

Business World Philippines

The Suez Canal reopening is a 2026 gift for commodities

THE business of shipping goods around the world has suffered shock after shock since 2000, culminating in the effective closure of the Red Sea and Suez Canal two years ago.

4 min  |

December 18, 2025

Business World Philippines

Wall St. closes mixed; healthcare and energy stocks weigh on S&P

THE NASDAQ recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks.

2 min  |

December 18, 2025

Business World Philippines

mWell launches wellness ring with built-in ECG monitoring

METRO PACIFIC Investments Corp.'s (MPIC) digital healthcare arm mWell or Metro Pacific Health Tech Corp. has launched a new version of its wellness ring with builtin ECG monitoring.

1 min  |

December 18, 2025

Business World Philippines

Warner Bros. likely to reject $108.4-billion Paramount bid, backs Netflix in bidding war

WARNER BROS.

1 min  |

December 18, 2025

Business World Philippines

Beyond routine: Strengthening year-end tax compliance

TAXWISE OR OTHERWISE CHRISTIAN D. GRIMALDO

3 min  |

December 18, 2025

Business World Philippines

Phase 2 of fiber project granted green-lane status

PHILIPPINES Fiber Optic Cable Network Ltd., Inc. (PFOCN) was awarded a green-lane certificate by the Department of Trade and Industry for its P49.56-billion fiber optic cable infrastructure network project.

1 min  |

December 18, 2025

Business World Philippines

'Minimally disruptive' EDSA rehabilitation to start Dec. 24

THE Department of Public Works and Highways (DPWH) said it will begin rehabilitating Epifanio de los Santos Avenue (EDSA) on Dec. 24.

1 min  |

December 18, 2025

Business World Philippines

Amazon in talks to invest in OpenAl

AMAZON.COM, Inc. is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence (AI) company at over $500 billion, a source familiar with the matter said on Tuesday.

1 min  |

December 18, 2025

Business World Philippines

EJ Obiena beats Thailand’s Patsapong in SEA Games pole vault event via countback

For a change, pole vault star EJ Obiena was made to sweat.

2 min  |

December 18, 2025

Business World Philippines

Gold inches up as US unemployment rate rises in Nov.

GOLD rose on Tuesday after a US jobs report showed the unemployment rate rose last month from September, reinforcing bets of rate cuts by the US Federal Reserve and sending the dollar index lower.

1 min  |

December 18, 2025

Business World Philippines

Zed raises $16.5 million from funding round led by Accel

CREDIT CARD issuer Zed Financial PH, Inc. has raised $16.5 million in funding from a Series A round led by Silicon Valley-based venture capital firm Accel.

2 min  |

December 18, 2025

Business World Philippines

Rising chip costs to push smartphone shipments down in 2026 – Counterpoint

GLOBAL smartphone shipments are expected to decline 2.1% next year as rising chip costs are likely to impact demand, technology-focused market research firm Counterpoint said on Tuesday.

1 min  |

December 18, 2025

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