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Business World Philippines - April 21, 2026

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I dette nummeret

April 21, 2026

Philippine banks still in 'good shape' despite oil crisis — Remolona

Several Philippine banks have flagged concerns about their capital levels, but the broader financial system remains in “very good shape” despite shocks stemming from the Middle East conflict, the Bangko Sentral ng Pilipinas (BSP) said.

2 mins

BoP deficit widens to $2.6B in March

THE Philippines’ balance of payments (BoP) deficit widened in March, driven by the elevated trade gap and heightened geopolitical uncertainty, Bangko Sentral ng Pilipinas (BSP) data showed on Monday.

3 mins

Energy department moves to limit oil price adjustments

THE GOVERNMENT has moved to limit fuel price adjustments as it aims to soften the impact of elevated costs on consumers who have questioned the pace of price rollbacks, Energy Secretary Sharon S. Garin said on Monday.

3 mins

Vehicle sales fall in March as high oil prices dent demand

NEW VEHICLE SALES declined by 10.4% in March as soaring pump prices dented demand for passenger cars and commercial vehicles, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

3 mins

MWSS orders P327.96 rebate for Maynilad customers

THE Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) said it has imposed a P54.28-million penalty on Maynilad Water Services, Inc. over service interruptions, with affected customers to receive bill rebates.

2 mins

Meralco, CIS to exit Bayad via share sale to Kayana

PANGILINAN-LED Manila Electric Co. (Meralco) and its wholly owned subsidiary, Corporate Information Solutions, Inc. (CIS), are selling their remaining shares in payment service provider CIS Bayad Center, Inc. to Kayana Solutions, Inc.

1 mins

Ayala Land pauses Laurean unit sales, citing global conditions

AYALA LAND, Inc. (ALI) said it has paused sales of its Laurean Residences project, citing evolving global conditions, including the situation in the Middle East, which it said are affecting costs and delivery timelines.

1 mins

Megawide redeems P1.5-billion preferred shares to cut funding costs

MEGAWIDE Construction Corp. has redeemed its maturing P1.5-billion preferred shares to improve its capital structure and reduce funding costs.

1 mins

Yuchengco firm nears operations of P2.57-billion Aklan wind farm

YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) is preparing to start commercial operations of its 13.2-megawatt (MW) Nabas-2 wind power project in Aklan after securing approval to connect the facility to the Luzon grid.

1 mins

Villar Land seeks dismissal of SEC complaint

VILLAR LAND HOLDINGS Corp. and its directors filed a motion before the Department of Justice (DoJ) in response to a criminal complaint by the Securities and Exchange Commission (SEC) alleging market manipulation, insider trading and misleading disclosures.

2 mins

FNG sees steady sales, to launch projects based on demand

FEDERAL LAND NRE Global, Inc. (FNG) said it has not seen any drop-off in sales across its projects and will launch new developments only when demand is sustainable.

1 mins

AppleOne says Mahi Center offices near 60% occupancy

PROPERTY developer AppleOne Group Inc. said office spaces at its Mahi Center development in the Mactan Economic Zone in Lapu-Lapu City are about 60% occupied following the project's launch.

1 mins

ADB signals readiness to backstop Asia-Pacific economies during crisis

THE Asian Development Bank (ADB) said it is ready to provide support to countries in Asia and the Pacific in the face of global economic uncertainty.

1 mins

The fiscal quandary posed by waiving excise tax

With an international conflict thousands of miles away turning into an on-the-ground daily battle of survival, Congress passed Republic Act (RA) No. 12316 aimed at providing relief in the face of the energy crisis.

4 mins

April inflation seen topping 5%, raising odds of BSP rate hike

RISING OIL PRICES and second-round effects could push inflation above 5% this month, increasing the odds of a 25-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP), according to the University of Asia and the Pacific (UA&P).

2 mins

US chip firm ON Semiconductor seeking to expand PHL footprint

THE Department of Finance (DoF) said US chipmaker ON Semiconductor Corp. (onsemi) has floated plans to scaling its operations in the Philippines.

1 mins

Transport association PISTON files for P10 provisional fare increase

TRANSPORT GROUP Pinagkaisang Samahan ng mga Tsuper at Operators Nationwide (PISTON) said it filed a petition with the Land Transportation Franchising and Regulatory Board (LTFRB) seeking a P10 provisional fare hike to P23, citing soaring fuel prices.

3 mins

The promise of AI – millions of jobs created or destroyed?

I was born in the 1960s, and it would be an understatement to say that the world has undergone a massive change.

4 mins

Coal-gas powered growth

Last week the International Monetary Fund (IMF) released the World Economic Outlook (WEO) 2026, so I downloaded the database Excel files.

2 mins

Logic demands an Iran deal. Will Trump's fantasies allow one?

IN THE LOGICAL WORLD that markets seem to believe will prevail in the Middle East, this war will end and soon because there's little realistic prospect of either side winning a decisive victory by restarting the conflict.

4 mins

Calling it 'political' does not make the Constitution disappear

With the Supreme Court's oral arguments on the constitutionality of unprogrammed appropriations now winding down, a defining question remains:

2 mins

RLC expands Mindanao office portfolio with new Davao project

ROBINSONS LAND Corp. (RLC) has started development of anew office project in Davao City, adding to its portfolio in Mindanao as it taps demand for workspace in the southern Philippines.

1 mins

Condo pressures spur developer diversification

AS THE Metro Manila condominium market continues to face challenges, several developers are aggressively pursuing geographic diversification.

2 mins

Ascott Ortigas Manila set to open this year

THE ASCOTT Ltd. is set to open its flagship Ascott brand in the Ortigas central business district this year, as the Singapore-based lodging operator builds on its expansion across Southeast Asia following a record year of signings.

2 mins

Asian airlines say Europe demand surged on Mideast hub disruption

Major Asian airlines have reported surging demand on European routes as travelers shun disrupted Middle Eastern hubs, in a shift analysts suggest could persist for some time even after the Iran conflict ends.

2 mins

Major 7.5-magnitude quake hits off Japan, triggers tsunami warnings

A magnitude 7.5 earthquake struck off the northeastern coast of Japan on Monday, as authorities urged residents to stay away from coastal areas where tsunami waves of up to 3 meters (9.84 feet) were expected.

1 mins

Hong Kong fire victims scour scorched homes for keepsakes

Victims of Hong Kong’s deadliest fire in decades began government-supervised visits to their ravaged former homes on Monday for the first time since the November blaze, looking to retrieve personal items that might have survived.

1 mins

World weighs fate of ME ceasefire after US seizes Iranian cargo ship

Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the US said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.

2 mins

Top-seeded Pistons shocked in Game 1 as Magic never trailed

PAOLO BANCHERO collected 23 points and nine rebounds as the visiting Orlando Magic upset the top-seeded Detroit Pistons, 112-101, in Game 1 of their first-round Eastern Conference series on Sunday.

1 mins

Spurs’ Victor Wembanyama named 1° time MVP finalist

THIRD-YEAR San Antonio Spurs star Victor Wembanyama isa first-time NBA Most Valuable Player (MVP) candidate along with Nikola Jokic of the Denver Nuggets and Shai Gilgeous-Alexander of the Oklahoma City Thunder, the league announced on Sunday.

1 mins

Bennie Boatwright ready to attend Senate hearing on naturalization

SAN MIGUEL Beermen's (SMB) balik-import Bennie Boatwright relishes the opportunity to drive his Gilas Pilipinas bid forward as he makes his Philippine \"homecoming.

1 mins

Rain or Shine targets win No. 8 against Phoenix in PBA Commissioner’s Cup

AT 7-0, Rain or Shine (ROS) is off to its strongest start in franchise history, a ticket to the PBA Season 50 Commissioner's Cup playoffs safely in its hands.

1 mins

Cignal faces Creamline in Game 1 of All-Filipino Conference finals

VANIE GANDLER and the Cignal Super Spikers have been praying long and hard to end its PVL championship drought.

1 mins

Marcos posts uptick in trust and performance ratings; VP Sara's score softens

PRESIDENT Ferdinand R. Marcos, Jr. posted improved trust and performance ratings in the first quarter, while Vice-President (VP) Sara Duterte-Carpio's performance score declined, according to a survey released by OCTA Research on Monday.

1 mins

DepEd 3-term calendar faces pushback

EDUCATION groups raised concerns over the Department of Education’s (DepEd) plan to implement a three-term school calendar starting school year 2026-2027, questioning both the lack of consultation and the need for the shift.

1 mins

Philippines to send team to Czech Republic to pave way for return of fugitive Co

THE PHILIPPINES will send a high-level coordination team to the Czech Republic to facilitate the return of a former congressman who is facing corruption charges over a multibillion-peso infrastructure scandal, President Ferdinand R. Marcos, Jr. said on Monday.

1 mins

Launch of Balikatan drills with US, allies draws sharp China warning

CHINA on Monday criticized the expansion of joint military exercises in the Philippines involving the US and allied nations, warning that \"external forces\" in the Asia-Pacific region risk deepening division and undermining regional trust as the Balikatan (shoulder-to-shoulder) drills formally opened.

3 mins

RCBC Trust’s AUMs rise to P220.6 billion

RCBC TRUST Corp., the standalone trust and investment arm of listed Rizal Commercial Banking Corp. (RCBC), recorded a 13% increase in assets under management (AUM) in 2025 as it continued to grow its fee-based income and wealth management services.

1 mins

BPI Q1 profit climbs to P16.9B

BANK of the Philippine Islands’ (BPI) net profit rose 1.7% in the first quarter, backed by continued growth in its loan portfolio and strong fee-based earnings.

2 mins

Salmon Group raises $100M to support its PHL expansion

SALMON Group Ltd has raised $100 million from its latest fundraising round to support its continued expansion in the Philippines.

1 mins

Treasury bill yields move lower as market eyes BSP policy meet

YIELDS of Treasury bills (T-bills) offered on Monday went down across all tenors on strong demand ahead of the Bangko Sentral ng Pilipinas’ (BSP) meeting this week, where it could hike benchmark rates to quell rising inflation risks.

2 mins

PSei up on bargain hunting as ME war continues

PHILIPPINE STOCKS advanced on Monday as investors picked up bargains and with markets (ME) war continues amid a fragile ceasefire.

2 mins

Peso ends higher in cautious trade amid war, BSP rate bets

THE PESO strengthened versus the dollar on Monday in cautious trading as markets monitored developments between the United States and Iran and before the Bangko Sentral ng Pilipinas’ (BSP) policy meeting this week.

2 mins

Stocks wobble as ME ceasefire hangs in the balance

SINGAPORE — Oil prices jumped and stock futures fell on Monday as rising tensions in the Middle East (ME) kept shipping in and out of the Gulf to a minimum, though traders held out hope for a resolution and Asia’s equity markets breezed toward record highs.

1 mins

Gold slides on stronger dollar, fears of inflation

GOLD PRICES fell on Monday as the dollar firmed, while news the Strait of Hormuz is closed again pushed oil prices higher, reviving inflation fears.

1 mins

Crude oil prices jump more than 5% on renewed US-Iran tension

Crude oil prices jumped more than 5% on Monday in Asia, on fears that the ceasefire between the United States and Iran could collapse after the US seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted.

1 mins

Filmmakers defend Val Kilmer movie made with AI

The makers of a new film with an artificial intelligence (AI)-generated performance by late actor Val Kilmer defended their work last Thursday and said they believed their approach demonstrated an ethical path to future use of the technology in Hollywood.

1 mins

Sari Dalena's films screened in retrospective

THE FEATURE films, documentaries, hybrids, experimental works, and video art of filmmaker Sari Dalena are being screened in a multi-site retrospective which started in March and continues until May.

4 mins

In line with summer, Cup of Joe mounts a water festival

Show marks first OPM act to headline at Philippine Sports Stadium

2 mins

Sibling rivalry takes center court in Running Point season two

Sibling rivalry reaches new levels in season two of Netflix’s sports comedy Running Point, as Kate Hudson’s character, Isla Gordon, faces a renewed power struggle within her family’s pro basketball team.

1 mins

Les alle historier fra Business World Philippines

Business World Philippines Description:

Forlegger: Philstar-Daily-Inc.

Kategori: Newspaper

Språk: English

Hyppighet: Daily

BusinessWorld, the country’s leading business newspaper represents five decades of professional economic journalism. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper. BusinessWorld considered a standard of fairness, credibility and integrity in the journalistic world. Today, the business paper comes out Mondays through Fridays (with a Saturday exclusive online edition) with a national circulation of 151,000 as of 2016.