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Business World Philippines

AMRO cuts Philippine growth forecasts for 2026, 2027

THE ASEAN+3 Macroeconomic Research Office (AMRO) lowered its Philippine growth forecast for this year and in 2027, as stronger inflationary pressures are expected to weigh on domestic demand.

2 min  |

June 03, 2026
Business World Philippines

Business World Philippines

‘Do not renounce your ability to think’

Moral guidelines from Pope Leo XIV about AI:

5 min  |

June 03, 2026
Business World Philippines

Business World Philippines

Shadow AI and the governed path

IN 2023, Samsung learned a difficult lesson about generative AI.

5 min  |

June 03, 2026

Business World Philippines

NG debt dipped to P18.47T at end-April — Treasury

NATIONAL GOVERNMENT (NG) debt dipped month on month in April as domestic debt repayments outweighed the impact of a weaker peso on external obligations, the Bureau of the Treasury (BTr) said.

2 min  |

June 03, 2026

Business World Philippines

NPL ratio hits 8-month high in April

PHILIPPINE LENDERS' nonperforming loan (NPL) ratio worsened to its highest level in eight months in April as borrowers faced tighter economic conditions amid the Middle East war, latest Bangko Sentral ng Pilipinas (BSP) data showed.

3 min  |

June 03, 2026

Business World Philippines

Middle East war re-escalation, higher oil prices may drag peso to P64.50

THE PESO could plummet to as much as P64.50 against the dollar if the Middle East conflict further escalates and drives global oil prices higher, MUFG Global Markets Research said.

3 min  |

June 03, 2026
Business World Philippines

Business World Philippines

Japanese telecom firm eyes Philippine entry

A JAPAN-BASED telecommunication company is seeking to enter the Philippine market, adding to two US satellite service providers whose applications are already in advanced stages, according to the Department of Information and Communications Technology (DICT).

1 min  |

June 03, 2026

Business World Philippines

Gold prices fall with inflation worries rising on ME conflict

GOLD PRICES fell on Monday as escalating tensions in the Middle East (ME) heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.

1 min  |

June 03, 2026

Business World Philippines

From hiking to hotspot, lonely consumers in China fuel a $7.4-B companionship economy

On the stone steps leading up Mount Tai, one of China’s best-known peaks, hikers can book and pay for “climbing buddies” to walk with them, carry bags and take photos for a few hundred yuan.

2 min  |

June 03, 2026

Business World Philippines

EcoSolar Energy clears hurdle for biggest Capiz solar project

ECOSOLAR ENERGY CORP. is set to start construction of its biggest solar farm in Capiz in central Philippines after securing environmental clearance from the Department of Environment and Natural Resources (DENR).

1 min  |

June 03, 2026

Business World Philippines

France attracts $108B in foreign investment, half for SoftBank data centers

Companies have pledged to invest €93 billion ($108 billion) in France, with half destined for a SoftBank-backed data center project, as President Emmanuel Macron seeks to leverage nuclear capacity to make the country a global artificial intelligence (AI) leader.

1 min  |

June 03, 2026

Business World Philippines

PVL Rookie Draft at Novotel

UAAP best setter Camilla Lamina of National University and best libero Detdet Pepito spearhead a total of 38 applicants eyeing to live their pro dreams in Wednesday’s PVL Rookie Draft at the Novotel in Cubao, Quezon City.

1 min  |

June 03, 2026

Business World Philippines

Palace approves latest version of Strategic Investment Priority Plan

THE LATEST VERSION of the Strategic Investment Priority Plan (SIPP) has been approved, strengthening the incentives regime for agriculture and food as well as high-end manufacturing activities like shipbuilding, the Department of Trade and Industry said.

2 min  |

June 03, 2026

Business World Philippines

Gov’t to expand school literacy and cash-for-work programs

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said his administration will expand school safety, literacy and cash-for-work programs nationwide ahead of the opening of classes on June 8.

1 min  |

June 03, 2026

Business World Philippines

PLDT banks on 5G growth for Smart Communications revenue

PLDT INC. is tapping rising 5G adoption to expand revenue growth in its wireless arm Smart Communications, Inc., as higher data usage and device penetration continue to reshape demand patterns.

1 min  |

June 03, 2026
Business World Philippines

Business World Philippines

South Korea's democratic resilience and a new era in PHL-Korea relations

One year after the historic election of President Lee Jae Myung, South Korea occupies a geopolitical vantage point that few countries today can match: it stands politically tested yet institutionally resilient, economically challenged yet globally competitive, culturally influential yet increasingly strategic in its international alignments.

3 min  |

June 03, 2026

Business World Philippines

SEC clears BancNet-PCHC merger

THE SECURITIES and Exchange Commission (SEC) has approved the merger of BancNet, Inc. and Philippine Clearing House Corp. (PCHC), bringing together two of the biggest players in the country's payments ecosystem.

2 min  |

June 03, 2026

Business World Philippines

ERC rate review for Meralco faces delay

POWER DISTRIBUTOR Manila Electric Co. (Meralco) may have to wait further before the Energy Regulatory Commission (ERC) issues approval for its proposed capital spending plan through 2030, with the regulator saying it needs more time to complete its review.

2 min  |

June 03, 2026
Business World Philippines

Business World Philippines

Megaworld bookings rise on sustained residential demand

MEGAWORLD CORP. recorded reservation sales of P29.7 billion in the first quarter, up 10.4% from a year earlier, supported by sustained demand across Metro Manila and provincial residential projects.

1 min  |

June 03, 2026

Business World Philippines

Filinvest Land raises P9 billion from bond offer

GOTIANUN-LED Filinvest Land, Inc. (FLI) raised P9 billion from the third tranche of its P35-billion shelf-registered bond program to help finance expansion projects.

1 min  |

June 03, 2026
Business World Philippines

Business World Philippines

Lucian Freud’s Sue Tilley portrait could fetch $47 million at auction

A painting of Sue Tilley, who found fame after artist Lucian Freud depicted her in the nude, will be auctioned next month with a price estimate of up to $47 million.

1 min  |

June 03, 2026

Business World Philippines

Drug VAT exemptions seen boosting pharma growth

THE expansion of value-added tax (VAT) exemptions on medicine is expected to improve drug affordability and support the growth of the pharmaceutical industry, according to BMI, a unit of Fitch Solutions.

1 min  |

June 03, 2026

Business World Philippines

Cayetano asked to resign as Senate chief as majority skips session anew

SENATE President Alan Peter S. Cayetano should step down as Senate president after majority lawmakers skipped sessions for a second time this week, the Senate minority bloc said on Tuesday, holding key legislative work hostage.

3 min  |

June 03, 2026

Business World Philippines

T-bonds fetch higher rates on inflation bets

THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday even as yields rose, with investors swamping the offer as expectations of faster May inflation bolstered tightening bets.

2 min  |

June 03, 2026

Business World Philippines

PHL still among most restrictive for workers in 2026, ITUC says

THE Philippines remains one of the world’s most restrictive environments for workers, according to the 2026 International Trade Union Confederation (ITUC) Global Rights Index, which placed the country on a “watch-list” due to an increase in recorded rights violations.

2 min  |

June 03, 2026
Business World Philippines

Business World Philippines

TNT, Ginebra revive PBA finals rivalry at Commissioner's Cup

HUNGER will be in abundant supply as defending champion TNT and Barangay Ginebra fire the first salvo in the latest installment of their PBA finals rivalry in the Season 50 Commissioner’s Cup.

2 min  |

June 03, 2026
Business World Philippines

Business World Philippines

On making requests for exemption, postponement, or to use alternative means of notification

On May 11, the National Privacy Commission (NPC) issued NPC Advisory No. 2026 - 02 with the subject ‘Clarification on the Submission of Personal Data Breach Notification Through Data Breach Notification Management System.’

3 min  |

June 03, 2026

Business World Philippines

Cheapest ticket prices to NBA Finals at MSG soar above $4,000

THE get-in price for tickets to the first NBA Finals game at Madison Square Garden (MSG) in New York in 27 years — Game 3 on June 8 — have soared back above $4,000 on the secondary market.

1 min  |

June 03, 2026

Business World Philippines

ASEAN framework seen boosting investment in PHL digital economy

THE recently-signed Association of Southeast Asian Nations (ASEAN) Digital Economy Framework Agreement (DEFA) is expected to attract investment that supports transformation and increased participation in the Philippine digital economy, the Department of Trade and Industry (DTI) said.

1 min  |

June 03, 2026
Business World Philippines

Business World Philippines

Endurance as creative practice

IN ATHLETICS and outdoor recreation, endurance is required to move forward and progress — a sense of discipline that can also be applied in one’s creative practice.

3 min  |

June 03, 2026