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Business World Philippines

Philippine factory activity returns to growth in May

PHILIPPINE FACTORY activity bounced back in May as stronger domestic demand boosted output and new orders, although supply chain disruptions and rising costs linked to the Middle East conflict continued to weigh on manufacturers, S&P Global said on Monday.

2 min  |

June 02, 2026

Business World Philippines

Institutional credibility now a bigger risk to PHL economy, ex-central banker says

THE GOVERNMENT could face a tougher task as growing political instability could translate to weaker confidence in the Philippine economy, which may compound external risks, a former central banker said.

3 min  |

June 02, 2026

Business World Philippines

Treasury bills fetch mixed yields with Iran war, inflation in focus

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday with mixed yields as the auction was met with strong demand, even as markets awaited more details on the ceasefire deal between the United States and Iran and the release of May Philippine inflation data.

2 min  |

June 02, 2026

Business World Philippines

Philippines moves to build strategic petroleum reserves

MOTORISTS may get some relief from high fuel costs this week as pump prices are set for a major rollback, while the government moves to build strategic petroleum reserves to shield the Philippines from future oil supply shocks linked to the war in the Middle East.

2 min  |

June 02, 2026

Business World Philippines

BSP eyes stronger response vs inflation

The Philippine central bank said on Monday it may consider a stronger monetary policy response if elevated inflation expectations become entrenched, vowing it “will take all necessary action” to ensure that inflation returns to its 3% target.

3 min  |

June 02, 2026
Business World Philippines

Business World Philippines

Hosting power or becoming powerful? The Philippines at a strategic crossroads

The Philippines is once again being positioned at the center of great power strategy.

4 min  |

June 02, 2026

Business World Philippines

VP asks senator-judges to dismiss impeachment articles

VICE-PRESIDENT (VP) Sara Duterte-Carpio, through her legal counsel Michael T. Poa, on Monday asked the Senate, sitting as a court, to dismiss the impeachment articles against her, asserting allegations were “substantively deficient.”

1 min  |

June 02, 2026
Business World Philippines

Business World Philippines

Eastern Communications launches new experience center

EASTERN COMMUNICATIONS has officially launched the Eastern Experience Center at Telecom Plaza.

1 min  |

June 02, 2026
Business World Philippines

Business World Philippines

BPO industry targets up for review due to rapid technological change

THE IT and Business Process Association of the Philippines (IBPAP) said it expects to update the projections contained in its information technology-business process management (IT-BPM) industry roadmap, citing the rapid pace of change due to artificial intelligence (AI).

2 min  |

June 02, 2026

Business World Philippines

Gold slides on stronger dollar; markets await decision on Iran

GOLD PRICES fell on Monday, pressured by a stronger dollar and rising crude oil prices, as investors awaited US President Donald J. Trump's decision on a proposed deal to extend the ceasefire with Iran.

1 min  |

June 02, 2026

Business World Philippines

JuanHand, PalawanPay ink partnership at Singapore FinTech Festival

FINTECH lending app JuanHand and e-wallet PalawanPay teamed up during the Singapore FinTech Festival (SFF), marking a shared commitment to improving brand visibility and expanding reach nationwide.

1 min  |

June 02, 2026

Business World Philippines

SC upholds Semirara tax perks on oil imports

THE SUPREME COURT (SC) has upheld the tax-exempt status of Semirara Mining and Power Corp. on fuel imports, a ruling that reinforces fiscal incentives for the domestic coal industry, ordering the government to refund about P27 million in taxes.

1 min  |

June 02, 2026
Business World Philippines

Business World Philippines

Arthaland eyes four green certifications for premium Makati residential dev't

ARTHALAND CORP. is targeting four international and local green building certifications for its latest premium residential project, Sondris, developed through a strategic joint venture with Mitsui Fudosan (Asia) Pte. Ltd.

1 min  |

June 02, 2026

Business World Philippines

Closing a business made easier by RMC No. 47-2026

Closing a business in the Philippines may no longer be as complicated as it once was, after the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19.

2 min  |

June 02, 2026
Business World Philippines

Business World Philippines

AI-powered business computing with ASUS ExpertBook P5 G2, ExpertBook P3 G2

ASUS PHILIPPINES CORP. brings next-generation AI computing to Filipino executives, hybrid professionals, small and medium enterprises, and digital nomads with two new AI-powered business laptops: the ASUS ExpertBook P5 G2 and the ASUS ExpertBook P3 G2.

1 min  |

June 02, 2026

Business World Philippines

Japan firms tapped for Clark RE, smart-grid works

STATE-RUN Bases Conversion and Development Authority (BCDA) said it is partnering with Japanese firms to advance renewable energy (RE) and smart-grid solutions within New Clark City in Tarlac and other BCDA-managed properties, the Department of Trade and Industry (DTI) said.

1 min  |

June 02, 2026

Business World Philippines

DoubleDragon sees 2026 growth after record 2025 revenue

DOUBLEDRAGON CORP. expects stronger core revenue and income in 2026 after posting record consolidated revenue last year, driven largely by contributions from its overseas operations and a shift toward recurring income streams.

1 min  |

June 02, 2026

Business World Philippines

DITO CME may boost investments in AI to lift operational efficiency amid expansion

DITO CME HOLDINGS Corp. plans to increase investments in artificial intelligence (AI) as the company seeks to improve operational efficiency while managing mounting capital requirements tied to the expansion of its telecommunication business.

1 min  |

June 02, 2026

Business World Philippines

Philippines, Vietnam ink defense and economic deals, elevate ties

MANILA AND HANOI expanded their cooperation in defense, economic and agriculture, and tourism as they upgraded their diplomatic ties to an enhanced strategic partnership, Philippine President Ferdinand R. Marcos, Jr. said on Monday.

2 min  |

June 02, 2026

Business World Philippines

DBCC adjusts fiscal targets, Palace says

THE Development Budget Coordination Committee (DBCC) adjusted its fiscal targets following a weaker-than-expected first-quarter growth and surging inflation in the face of the Middle East crisis, the Palace said on Monday.

1 min  |

June 02, 2026

Business World Philippines

Market visits yield no violation notices in initial round of P50-per-kg rice enforcement

THE Department of Agriculture (DA) said inspection visits it conducted at various Metro Manila public markets yielded no violation notices, though some rice dealers found charging more than the P50 price cap for imported grain were not issued citations because they were disposing of stock purchased at higher prices.

1 min  |

June 02, 2026
Business World Philippines

Business World Philippines

San Miguel seeks approval for P30-billion preferred share offer

SAN MIGUEL CORP. has filed a registration statement for a P30-billion preferred share offering to refinance debt and fund infrastructure projects, including the Manila International Airport development in Bulacan province.

1 min  |

June 02, 2026

Business World Philippines

Estrada surrenders to police over plunder raps tied to flood mess

SENATOR JOSE “Jinggoy” P. Ejercito Estrada, Jr. surrendered to the police on Monday, after the Sandiganbayan Fifth Division issued an arrest warrant against him for allegedly pocketing P573 million from the multibillion-peso flood control scam.

2 min  |

June 02, 2026

Business World Philippines

Oil rises as US, Iran trade strikes, Israel advances into Lebanon

Crude oil prices rose more than 3% on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah.

1 min  |

June 02, 2026

Business World Philippines

Ebola recoveries bring signs of hope in DRC as suspected cases emerge outside Africa

FOUR NURSES who were being treated for Ebola caused by the Bundibugyo strain of the virus have been discharged from a hospital in Bunia in the Democratic Republic of Congo (DRC) after recovering from the disease, the World Health Organization (WHO) said on Sunday.

2 min  |

June 02, 2026

Business World Philippines

PHL, Vietnam sign 15 trade, investment deals

PHILIPPINE and Vietnamese businesses signed 15 memoranda of understanding (MoUs) designed to boost trade and investment ties, an industry chamber said.

1 min  |

June 02, 2026

Business World Philippines

Ukraine foreign minister to visit PHL in July to press for trade commission

UKRAINE is pushing to deepen economic and agricultural ties with the Philippines through a proposed bilateral trade commission, and is currently awaiting a response from the Philippine government, the Ukrainian ambassador said.

2 min  |

June 02, 2026
Business World Philippines

Business World Philippines

Haus Talk reallocates P1.8-B bond proceeds

LISTED affordable housing developer Haus Talk, Inc. has reworked the allocation of proceeds from its P1.8-billion bond issuance as it adjusts its land acquisition priorities to support expansion projects in Southern Luzon.

1 min  |

June 02, 2026

Business World Philippines

GCCs drive shift in outsourcing office demand

THE PHILIPPINE outsourcing sector is shifting away from traditional large-scale business process outsourcing hubs toward smaller and more specialized global capability centers (GCCs), according to analysts.

2 min  |

June 02, 2026

Business World Philippines

Dealing with the AI cognitive damage crisis among students

For decades, educators worried that television, calculators, video games, and social media might weaken the intellectual habits of young people.

3 min  |

June 02, 2026

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