Newspaper
Business World Philippines
DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade
THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone revenues through 2030 and undermine its fiscal consolidation efforts.
3 min |
November 21, 2025
Business World Philippines
Peso dips on hawkish Fed minutes
THE PHILIPPINE PESO weakened against the dollar on Thursday after minutes from the US Federal Reserve's last policy meeting dampened expectations of an interest rate cut next month.
2 min |
November 21, 2025
Business World Philippines
A matter of kindness
In the cyberage of materialism, speed, and convenience, the concept of spirituality is dismissed as irrelevant, obsolete, and archaic.
2 min |
November 21, 2025
Business World Philippines
Manulife and SSS expand Group Credit Life coverage
MANULIFE Philippines and the Social Security System (SSS) have expanded their Group Credit Life (GCL) insurance coverage to include pensioners participating in the SSS Pension Loan Program, providing additional financial protection to families of deceased borrowers.
1 min |
November 21, 2025
Business World Philippines
Banks’ 9-month trust assets rise to P4.9T
PHILIPPINE BANKS’ trust assets had climbed to P4.867 trillion as of September, reflecting stronger demand for professionally managed funds amid continued caution in financial markets, based on data from the Bangko Sentral ng Pilipinas (BSP).
1 min |
November 21, 2025
Business World Philippines
Digital VAT collection nears P7 billion - BIR
THE PHILIPPINE government has collected almost P7 billion from a 12% value-added tax (VAT) on digital services, the Department of Finance said, providing a lift to revenue intake at a time when slower growth and a corruption probe are weighing on collections.
2 min |
November 21, 2025
Business World Philippines
DICT chief targets to raise digital economy's share to GDP to 12.5%
THE DEPARTMENT of Information and Communications Technology (DICT) is aiming to increase the share of the digital economy to gross domestic product (GDP) to 12.5% by 2028, by fast-tracking digital infrastructure projects and attracting more hyperscalers to operate in the country.
3 min |
November 21, 2025
Business World Philippines
‘While the Guitar Weeps’ for the nation
The Philippines today feels like a land in quiet sorrow — deeply disillusioned.
3 min |
November 21, 2025
Business World Philippines
Saavedra-led Megawide raises P3B in oversubscribed follow-on offering
MEGAWIDE Construction Corp. raised P3 billion from its Series 7 preferred shares follow-on offering, which was oversubscribed 2.3 times, signaling investor confidence in the company’s expansion plans, its president said.
2 min |
November 21, 2025
Business World Philippines
BOP position swings to $706-M surplus in Oct.
THE PHILIPPINES' balance of payments (BoP) position swung to a surplus in October, narrowing the country's external position gap in the 10-month period, the central bank said.
2 min |
November 21, 2025
Business World Philippines
Partners for a resilient future
EUROPE and the Indo-Pacific region find their futures increasingly interlinked in a world marked by geopolitical shifts, economic uncertainty, and intensifying strategic competition.
3 min |
November 21, 2025
Business World Philippines
James’ season debut
he Lakers’ 140-126 win over the Jazz marked a return that was both inevitable and instructive. LeBron James, entering a National Basketball Association (NBA)-record 23™ season after sitting out the opening stretch with a sciatica flareup, delivered 11 points and 12 assists in 30 minutes of play.
2 min |
November 21, 2025
Business World Philippines
Aramco signs preliminary US deals worth more than $30B
Oil giant Saudi Aramco said on Wednesday it had signed 17 preliminary deals with US companies with a potential overall value of more than $30 billion, during a visit to Washington by the Saudi Crown Prince.
1 min |
November 21, 2025
Business World Philippines
Scholarships, an engine for social mobility
IT HAS BEEN an enduring belief that education is the greatest equalizer.
2 min |
November 21, 2025
Business World Philippines
BPO workers urge legislators to pass law regulating industry safety, permanent employment, pay levels
SENATE BILL (SB) NO. 1493, or the proposed BPO Workers’ Welfare and Protection Act, represents the latest effort to ensure that industry employees are protected, a business process outsourcing (BPO) employee association said.
1 min |
November 21, 2025
Business World Philippines
Decades-long contracts chain Asia to coal-fired power
Decades-long coal-fired power purchase contracts are slowing the transition to cleaner energy sources in Asia, leading utilities to burn more coal even when wind and solar power are available, according to climate researchers and renewable energy advocates.
1 min |
November 21, 2025
Business World Philippines
EU trade talks unaffected by corruption worries, PHL acted fast – ambassador
THE European Union (EU) does not expect the infrastructure corruption scandal to affect negotiations with the Philippines for a free trade agreement (FTA), noting that the government seems to be addressing the matter, the delegation of the EU to the Philippines said.
1 min |
November 21, 2025
Business World Philippines
Gold trims gains after US Fed minutes
GOLD PRICES pared gains on Wednesday after the release of minutes from the US Federal Reserves latest meeting, while market participants focused on upcoming economic data for further clues on the US interest rate path.
1 min |
November 21, 2025
Business World Philippines
Why paying above minimum wage makes sense
IN THE WORKPLACE
3 min |
November 21, 2025
Business World Philippines
DigiPlus: Internal funds sufficient for IEC deal
DIGIPLUS Interactive Corp., the listed digital entertainment firm behind BingoPlus, ArenaPlus, and GameZone, said it intends to use internal funds for its potential controlling stake acquisition of Hong Kong-listed International Entertainment Corp. (IEC), while remaining open to short-term financing if necessary.
2 min |
November 21, 2025
Business World Philippines
Trump’s semiconductor tariff plan likely delayed, officials say
US officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of President Donald J. Trump's economic agenda
3 min |
November 21, 2025
Business World Philippines
Japan, Canada see no shift in investor confidence amid Philippine infra scandal
JAPAN and Canada have not observed any pullback from investors looking at the Philippines despite the months-long corruption scandal involving flood control projects, their envoys said on Thursday, underscoring continued confidence in the country’s economic trajectory.
2 min |
November 21, 2025
Business World Philippines
Philippines, US eye cybersecurity integration in Balikatan exercises
THE UNITED STATES eyes integration of anti-cyberthreat technology in its annual Balikatan (shoulder-to-shoulder) war games with the Philippines, an embassy official said on Thursday.
1 min |
November 21, 2025
Business World Philippines
Exporters urged to verify their US tariff-exempt status
THE Department of Trade and Industry (DTD said exporters need to consult with the US companies receiving their goods whether their shipments qualify for the latest US tariff exemption on Philippine agricultural goods.
1 min |
November 21, 2025
Business World Philippines
US equities end rocky session higher; Nvidia gains
US stocks ended a choppy session higher on Wednesday, bouncing off recent losses as technology stocks rose ahead of Nvidia’s quarterly results.
2 min |
November 21, 2025
Business World Philippines
SM Group school building supports Tarlac school's leap to integrated education
Integrated schools have become a key component of Philippine education as they provide a seamless path from elementary to high school.
3 min |
November 21, 2025
Business World Philippines
Ex-Philippine Mayor Alice Guo gets life sentence for human trafficking
A PHILIPPINE TRIAL COURT on Thursday sentenced dismissed Bamban, Tarlac Mayor Alice L. Guo, who is accused of having ties to Chinese criminal syndicates, to life imprisonment after finding her guilty of qualified human trafficking, a government anti-crime agency said on Thursday.
3 min |
November 21, 2025
Business World Philippines
PHINMA group to add 350 rooms across hotel properties
PHINMA HOSPITALITY, Inc., the hospitality arm of Del Rosario-led PHINMA Corp., plans to add 350 rooms across its hotel properties in Pasig, Bacolod, and Davao starting next year.
2 min |
November 21, 2025
Business World Philippines
Al set to redefine shopping and payments, Affirm CEO says
MAX LEVCHIN, chief executive officer and co-founder of Affirm, which offers buy now, pay later (BNPL) plans, said artificial intelligence (AI) is poised to transform shopping by taking over human tasks and making financial products more transparent.
1 min |
November 21, 2025
Business World Philippines
Schneider seals $2.3B in US data center deals to power Al boom
SCHNEIDER Electric said on Wednesday that it had signed new deals worth almost $2.3 billion with two US data center operators, as surging adoption of artificial intelligence (AI) boosts infrastructure demand.
1 min |