Newspaper
Business World Philippines
Indian group to invest P4B in New Clark WTE project
THE Bases Conversion and Development Authority (BCDA) said on Thursday that an Indian company will lead a consortium that will invest P4 billion in a waste-to-energy (WTE) facility in New Clark City.
1 min |
August 15, 2025
Business World Philippines
Palace defends P4.5-B confidential and intelligence funds
MALACAÑANG on Thursday defended the Office of the President’s proposed P4.5 billion in confidential and intelligence funds (CIF), saying there is nothing wrong with secret funds as long as they are not tainted with corruption.
1 min |
August 15, 2025
Business World Philippines
CREC second-quarter profit jumps to P305.5M, revenue hits P1.26 billion
LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) said its attributable net income more than doubled in the second quarter (Q2) to 305.47 million, driven by higher revenues.
1 min |
August 15, 2025
Business World Philippines
Biggest IKEA retailer names veteran Juvencio Maeztu CEO
The world’s biggest retailer of IKEA furniture said on Wednesday Chief Executive Officer (CEO) Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group.
1 min |
August 15, 2025
Business World Philippines
Saudi Arabia is losing its appetite for oil
YOU KNOW that horror movie trope where the babysitter gradually realizes the crazed killer is phoning, not from some distant location, but from inside the house? Something similar is happening in the oil market.
3 min |
August 15, 2025
Business World Philippines
Where eco-friendly meets prestige
Electrification and the Philippine luxury car market
4 min |
August 15, 2025
Business World Philippines
Enriching the workforce through healthcare
In today’s fast-paced and rapidly changing work environment, health benefits are no longer considered perks.
3 min |
August 15, 2025
Business World Philippines
PHL seeks seafarer protections via new labor deal with Liberia
THE PHILIPPINES is looking to strengthen seafarer protections by signing new labor agreements with Liberia, according to the Department of Migrant Workers (DMW).
1 min |
August 15, 2025
Business World Philippines
Elliott affiliate raises bid for Citgo parent
An affiliate of hedge fund Elliott Investment Management has raised its bid for the parent of Venezuela-owned refiner Citgo Petroleum to a total value of $8.82 billion, according to a filing providing an update on the US court-organized auction.
1 min |
August 15, 2025
Business World Philippines
China factories cut shifts and worker pay as US tariffs bite
Mike Chai aims to cut wage costs at his kitchen cabinet factory by about 30% to remain competitive against other Chinese firms, which have stopped selling to the US due to steep tariffs and are now coming after his longtime customers in Australia.
1 min |
August 15, 2025
Business World Philippines
Small firms brace for punishing side effects of Trump’s tariffs
KATRINA GOLDEN, the owner of Lil Mama's Sweets & Treats, got an email this past spring from the Chinese company that supplies her branded paper coffee cups. Tariffs were coming, it said.
5 min |
August 14, 2025
Business World Philippines
TSMC to phase out 6-inch wafer output over two years
TAIPEI - Taiwan Semiconductor Manufacturing Co. (TSMC) will phase out its 6-inch wafer manufacturing business over the next two years and continue consolidating its 8-inch wafer production capacity to improve efficiency, the company said on Tuesday.
1 min |
August 14, 2025
Business World Philippines
Double-digit funding boost proposed for education, health in 2026
THE DEPARTMENT of Budget and Management (DBM) proposed double-digit increases for the Education, Health and Transportation departments under the 2026 national budget, but reduced the allocation for the Public Works department by 12%.
4 min |
August 14, 2025
Business World Philippines
Oil prices slide as traders await EIA reports on falling demand
Oil prices dipped on Tuesday as traders awaited an inventory report from the US Energy Information Administration (EIA) and began looking toward declining demand at the end of the summer driving season in early September.
2 min |
August 14, 2025
Business World Philippines
ADB approves $400-M loan for Philippines’ food stamp program
THE ASIAN Development Bank (ADB) has greenlit a $400-million loan to expand the Philippine government’s food stamp program aimed at reducing involuntary hunger among low-income households.
1 min |
August 14, 2025
Business World Philippines
USDA cuts Philippine rice import forecast due to two-month ban
PHILIPPINE RICE IMPORTS are projected to decline by 500,000 metric tons (MT) this year compared to initial projections due to the two-month import ban set to take effect in September, according to the United States Department of Agriculture (USDA).
3 min |
August 14, 2025
Business World Philippines
NG debt to breach P19 trillion in 2026
THE NATIONAL Government’s (NG) outstanding debt is projected to balloon to a record P19.06 trillion by the end of 2026, a Department of Budget and Management (DBM) document showed on Wednesday.
3 min |
August 14, 2025
Business World Philippines
Pete Alonso sets NY Mets record with 253rd HR, adds No. 254
METS first baseman Pete Alonso broke the team's career home run (HR) record in the third inning of New York's Tuesday game against the visiting Atlanta Braves — then went deep again in the sixth.
1 min |
August 14, 2025
Business World Philippines
GT Capital Q2 profit surges 39% to P9.28B on banking, auto gains
TY-LED conglomerate GT Capital Holdings, Inc. saw a 39% increase in its second-quarter (Q2) attributable net income to P9.28 billion from P6.67 billion last year driven by its financial services and automotive businesses.
3 min |
August 14, 2025
Business World Philippines
Gold nudges up after US inflation data
GOLD PRICES edged higher on Tuesday after US inflation data sustained expectations of US Federal Reserve interest rate cuts, while attention turned to other key economic data due this week.
1 min |
August 14, 2025
Business World Philippines
Consumption ‘not enough’ to push GDP growth past 5-6%, BPI says
THE ECONOMY requires stronger industry spending if gross domestic product (GDP) is to move beyond its current growth track, the Bank of the Philippine Islands (BPI) said.
2 min |
August 14, 2025
Business World Philippines
Yuchengco-led Hl sets P22-billion capex for 2025-2026 expansion
YUCHENGCO-LED holding company House of Investments, Inc. (HI) has allocated P22 billion in capital expenditures (capex) for 2025 and 2026 to fund expansion across its education, energy, and property segments.
1 min |
August 14, 2025
Business World Philippines
Independent audit for infra projects urged
THE GOVERNMENT needs a multi-stakeholder oversight party to assure checks and balances in infrastructure projects, Former Finance Undersecretary Cielo D, Magno said on Wednesday.
1 min |
August 14, 2025
Business World Philippines
AboitizPower, Mapua University partner for 'Power Systems 101' modules
ABOITIZ POWER CORP. (AboitizPower) forged a partnership with Mapua University through a Memorandum of Agreement (MOA) for the development of Power Systems 101 learning modules.
1 min |
August 14, 2025
Business World Philippines
Raw sugar hits 2-month high; cocoa prices climb further
Raw sugar futures on ICE rose sharply on Tuesday to hit a two-month high amid improving demand in the physical markets, while cocoa futures also rose buoyed by fund short-covering against a backdrop of concern over the crop in top grower Ivory Coast.
1 min |
August 14, 2025
Business World Philippines
Negative vibes
IT’S EASY ENOUGH to turn down the sales brochure being handed out by a promo person to passersby at the mall for yet another property development.
3 min |
August 14, 2025
Business World Philippines
Gaza suffering has reached ‘unimaginable levels,’ say 26 foreign ministers
The humanitarian crisis in Gaza has reached “unimaginable levels,” Britain, Canada, Australia and several of their European allies said on Tuesday, calling on Israel to allow unrestricted aid into the war-torn Palestinian enclave.
1 min |
August 14, 2025
Business World Philippines
MLB postseason set to start on Sept. 30, World Series on Oct. 24
MAJOR LEAGUE BASEBALL’s (MLB) 2025 postseason will begin on Sept. 30 and conclude on Nov. 1 at the latest, the league announced Tuesday.
1 min |
August 14, 2025
Business World Philippines
China Evergrande liquidators say $255M of assets have been sold
Liquidators of China Evergrande Group said on Tuesday they have sold about $255-million of its assets 18 months into China's largest debt liquidation process and taken control of more than 100 of the company’s subsidiaries
1 min |
August 14, 2025
Business World Philippines
A Filipino brunch
BRUNCH BUREAU’S Beef Tapa Bowl
2 min |