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Business World Philippines

DPWH pauses local project bidding

THE Department of Public Works and Highways (DPWH) has suspended the bidding of all locally funded projects for two weeks, in line with the government's ongoing investigation into alleged irregularities in flood control projects.

3 min  |

September 04, 2025

Business World Philippines

Peso rebounds before key data

THE PESO recovered against the dollar on Wednesday as players await the release of key economic data in the United States and at home.

1 min  |

September 04, 2025

Business World Philippines

DoF asks Congress to prioritize key tax reforms

THE DEPARTMENT of Finance (DoF) wants the 20\" Congress to prioritize several tax measures to help support the government's fiscal consolidation effort, a Finance official said on Wednesday.

5 min  |

September 04, 2025

Business World Philippines

Agri dep’t calls for more support for tuna industry

THE Department of Agriculture (DA) said on Wednesday that the tuna industry needs more support in the wake of difficulties in obtaining sustainability certifications to export their products.

1 min  |

September 04, 2025
Business World Philippines

Business World Philippines

Alcaraz, Djokovic set up blockbuster US Open semifinals

Carlos Alcaraz dazzled at the US Open to make the semifinals on Tuesday before Novak Djokovic danced his way through to book a New York showdown with the Spaniard that will mark the latest chapter in their generational rivalry.

2 min  |

September 04, 2025
Business World Philippines

Business World Philippines

MPIC unit weighing PrimeWater acquisition, awaits further details

METRO PACIFIC WATER (MPW), the water infrastructure investment arm of Metro Pacific Infrastructure Corp. (MPIC), is keen on acquiring Villar-owned PrimeWater Infrastructure Corp.

1 min  |

September 04, 2025

Business World Philippines

Gold bullion surges on rate cuts, risks on economy

GOLD rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a US Federal Reserve rate cut and lingering political and economic risks.

1 min  |

September 04, 2025
Business World Philippines

Business World Philippines

Alternergy to raise funds for next round of RE projects

ALTERNERGY HOLDINGS CORP. plans to raise funds for its next round of renewable energy (RE) projects by converting 500 million existing common shares into a new series of perpetual preferred shares.

1 min  |

September 04, 2025

Business World Philippines

Wall St. slides as ruling on tariffs raises concerns

Wall Street started off September on a sharply lower note on Tuesday as investors weighed the future of President Donald J. Trump’s tariffs after a federal appeals court ruled most of his sweeping tariffs illegal.

1 min  |

September 04, 2025

Business World Philippines

DoE, UN agency studying impact of energy transition on coal industry

THE Department of Energy (DoE) said it is studying the impact of shutting down coal mines and coal-fired power plants as the Philippines transitions to cleaner fuels for power generation.

1 min  |

September 04, 2025
Business World Philippines

Business World Philippines

China’s Xi projects power at military parade with Putin, Kim

Chinese President Xi Jinping warned the world was facing a choice between peace or war as he held his country’s largest-ever military parade on Wednesday, flanked by Russia’s Vladimir Putin and North Korea’s Kim Jong Un.

3 min  |

September 04, 2025
Business World Philippines

Business World Philippines

Afternoon traditions and the art of slowing down

Story and photos by Anna Isabel C. Sobrepeña

3 min  |

September 04, 2025

Business World Philippines

Subway ROW acquisition target set at 95% by end of 2025

THE Department of Transportation (DoTr) said the right-of-way (ROW) acquisition target for the Metro Manila Subway project has been set at about 959% by the end of the year.

1 min  |

September 04, 2025

Business World Philippines

Singapore orders Meta to implement anti-scam measures or face possible fine

Singapore police have ordered Meta to implement anti-scam measures against advertisements, accounts, profiles and business pages impersonating key government office holders on its social media network Facebook to combat scams, a government minister said.

1 min  |

September 04, 2025
Business World Philippines

Business World Philippines

Shakey’s Pizza Asia’s Potato Corner opens store in Taipei, targets wider Taiwan rollout

POTATO CORNER (PC) officially entered the Taiwan market with the opening of its first store on Aug. 4 at the Uni-President Department Store in Taipei’s Xinyi District.

1 min  |

September 04, 2025

Business World Philippines

BIR collections miss target for first 8 months

THE Bureau of Internal Revenue (BIR) said it collected P2.06 trillion in the first eight months, falling short of its P2.18-trillion target.

1 min  |

September 04, 2025
Business World Philippines

Business World Philippines

realme 15 Series 5G smartphones set for Philippine launch on Sept. 16

THE LATEST addition to realme’s Number Series lineup, the realme 15 Series 5G smartphones, are set to be launched in the Philippines on Sept. 16.

1 min  |

September 04, 2025

Business World Philippines

ABG board OKs P3-B capital increase, follow-on offering

LISTED holding company Asiabest Group International, Inc. (ABG) said its board approved a P3-billion increase in authorized capital stock and a major follow-on offering.

1 min  |

September 04, 2025

Business World Philippines

Thinking Machines, OpenAI to help APAC firms leverage AI adoption

THINKING MACHINES Data Science, Inc., an artificial intelligence (AI) and data science consultancy firm, is collaborating with ChatGPT creator OpenAI to help Asia-Pacific (APAC) organizations in scaling responsible and human-first AI adoption.

1 min  |

September 04, 2025

Business World Philippines

Aboitiz Construction says Davao Int’l Container Terminal’s 5 th berth finished

ABOITIZ CONSTRUCTION, INC, the construction arm of the Aboitiz group, has completed the design and construction of the new berth of DICT Bulk Terminal, Inc. (DBTI).

1 min  |

September 04, 2025

Business World Philippines

Eudor Group in Iligan offering unregistered securities, SEC warns

THE Securities and Exchange Commission (SEC) has cautioned the public against investing in Eudor Group of Companies, Inc., which operates under several business names, including Fu Dalu Agricultural Products, Skinlogics Wellness and Beauty Center, and M. Textilis Plant Nursery, among others.

1 min  |

September 04, 2025

Business World Philippines

Oil prices rise after US imposed sanctions targeting Iranian oil

Oil prices settled up more than 1% a barrel on Tuesday after the US imposed sanctions targeting Iran’s oil revenue stream, and ahead of an OPEC+ meeting on Sunday where analysts expect the group will not unwind remaining voluntary cuts.

1 min  |

September 04, 2025

Business World Philippines

In a slowing economy, it pays to modernize

IT’S NO surprise that rising costs, fragile supply chains, and cooling demand are forcing Philippine businesses to rethink their future strategies. But economic slowdowns don’t just test resilience — they expose inertia. Lim-

3 min  |

September 04, 2025

Business World Philippines

BAP to set up centralized fraud verification system

THE BANKERS’ Association of the Philippines (BAP) will set up a centralized system for the reporting and verification of accounts suspected to be involved in prohibited acts under the Anti-Financial Account Scamming Act (AFASA).

2 min  |

September 04, 2025

Business World Philippines

Fed at a potential pivot point on job market

Job growth over the last three months has hit one of the weakest patches, outside the pandemic, since the US economy was limping to recover from the 2007 to 2009 financial crisis and recession.

3 min  |

September 04, 2025

Business World Philippines

More about wind-solar, more about inflation

MY CUP OF LIBERTY BIENVENIDO S. OPLAS, JR.

3 min  |

September 04, 2025

Business World Philippines

Council OKs stricter approval process for flood control projects

THE ECONOMY and Development (ED) Council has approved a resolution to tighten the approval process for flood control projects, as the government intensifies its investigation into alleged corruption within the Department of Public Works and Highways (DPWH).

1 min  |

September 04, 2025

Business World Philippines

BI sends 49 South Korean fugitives home in mass deportation

THE Bureau of Immigration (BI) on Wednesday said it sent home 49 South Korean fugitives in what officials described as the biggest deportation of Korean nationals since 2017.

1 min  |

September 04, 2025

Business World Philippines

Eala clinically defeats Hartono in 2 sets in Guadalajara Open

SECOND-seeded Alexandra “Alex” Eala reasserted mastery of world No. 187 Arianne Hartono of the Netherlands, 6-2, 6-2, for a rousing debut in the 2025 WTAI25 Guadalajara Open on Wednesday in Mexico.

1 min  |

September 04, 2025

Business World Philippines

10% reduction in smoking population seen yielding savings of $687 million

THE PHILIPPINES could save $687 million a year if it can convince 10% of its smoking population to shift to non-combusted alternatives, according to a De La Salle University study.

1 min  |

September 04, 2025