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

Business World Philippines

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December 18, 2025

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.

Investors evaluated delayed economic data to gauge the US Federal Reserve’s monetary policy outlook for next year.

A Labor Department report showed nonfarm payrolls increased by 64,000 jobs in November following a decline in October because of government spending cuts. But the unemployment rate rose to 4.6% in November against the backdrop of economic uncertainty stemming from President Donald J. Trump's aggressive trade policy.

‘A separate report on Tuesday showed retail sales were flat in October, just below an estimate of economists polled by Reuters calling for a rise of 0.1%. Analysts flagged the likelihood of the figures being distorted by slow data collection due to a recent government shutdown.

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Business World Philippines

Judicial Reform Initiative: celebrating a decade of resolve

This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

It ain't over 'til the fat lady sings

For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.

time to read

6 mins

December 19, 2025

Business World Philippines

BPI plans to merge thrift units Banko, Legazpi Savings Bank

BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.

time to read

1 mins

December 19, 2025

Business World Philippines

Customs chief expects revenue collection to hit P939 billion this year

THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.

time to read

3 mins

December 19, 2025

Business World Philippines

Warner Bros. Discovery board rejects rival bid from Paramount

Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.

time to read

4 mins

December 19, 2025

Business World Philippines

Sun Life Grepa offers new insurance plan

SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.

time to read

1 min

December 19, 2025

Business World Philippines

Budget ratification and signing set for Dec. 29

PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.

time to read

5 mins

December 19, 2025

Business World Philippines

Grade 5 PHL students trail Southeast Asian peers in reading, math

GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.

time to read

4 mins

December 19, 2025

Business World Philippines

Business World Philippines

Wishes for the children

On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

The US needs to welcome immigrants, not demonize them

EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.

time to read

2 mins

December 19, 2025

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