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Business World Philippines

Marcos approves wage hike, health benefits for GOCC employees

PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday approved new salary increases and medical benefits for Government-Owned and -Controlled Corporations (GOCC) employees.

1 min  |

September 17, 2025

Business World Philippines

Trump sues NYT for defamation and libel, seeks $15 billion

US PRESIDENT Donald J. Trump sued the New York Times (NYT), four of its reporters, and publisher Penguin Random House for at least $15 billion on Monday, claiming defamation and libel, and citing reputational damage, a Florida court filing showed.

2 min  |

September 17, 2025

Business World Philippines

Japan’s Koizumi, Hayashi run for leadership of ruling party

Japan's farm minister and the chief government spokesperson entered the race on Tuesday to lead the ruling party, pledging their candidacies in a vote set for early next month to replace outgoing Prime Minister Shigeru Ishiba.

1 min  |

September 17, 2025
Business World Philippines

Business World Philippines

DPWH lifts 2-week freeze on local project bid activities

THE Department of Public Works and Highways (DPWH) said it lifted the two-week suspension of auctions for locally-funded projects, citing the need to fast-track the rollout of key items of infrastructure.

1 min  |

September 17, 2025
Business World Philippines

Business World Philippines

BSP tells thrift banks to prioritize cyber resilience amid digitalization

THRIFT BANKS must put a premium on cyber resilience as they continue their digitalization to ensure their customers are protected from online threats that target financial services, a senior Bangko Sentral ng Pilipinas (BSP) official said.

2 min  |

September 17, 2025

Business World Philippines

SEC, DoF sign data-sharing deal to boost transparency in extractive industries

THE Securities and Exchange Commission (SEC) and the Department of Finance (DoF) signed a data-sharing agreement (DSA) to exchange information on beneficial ownership of companies, supporting international standards for responsible management of natural resources.

1 min  |

September 17, 2025
Business World Philippines

Business World Philippines

DigiPlus to launch Brazil operations next week

DIGIPLUS INTERACTIVE Corp. (PLUS) is set to launch operations in Brazil on Sept. 22, its first overseas expansion as part of the company’s global growth strategy.

1 min  |

September 17, 2025

Business World Philippines

Ako Packaging develops cassava-based ‘green' plastic bags

BULACAN-BASED startup Ako Packaging is producing 100% compostable plastic bags made from cassava starch, offering local businesses an alternative to conventional plastics that take centuries to decompose.

1 min  |

September 17, 2025

Business World Philippines

Record labels, Internet Archive settle vinyl-streaming copyright case

UNIVERSAL MUSIC GROUP, Sony Music, and other record labels told a California federal court on Monday that they have settled a copyright lawsuit against the nonprofit Internet Archive over its digitization and streaming of vintage vinyl records.

1 min  |

September 17, 2025

Business World Philippines

Supermarkets say midterm poll boost muted as competition with discounters intensifies

SUPERMARKETS said the midterm elections failed to deliver the expected boost in spending due to intensifying competition in the industry, particularly from discounters.

1 min  |

September 17, 2025
Business World Philippines

Business World Philippines

Roadshows due out soon as US tariff picture clears up, Go says

SECRETARY Frederick D. Go said the US tariff picture is clearing up sufficiently to make it worthwhile to resume investment roadshows promoting the Philippines.

2 min  |

September 17, 2025

Business World Philippines

Filling up the gap at the southern flank of the first island chain: The role of the Philippines’ Comprehensive Archipelagic Defense Concept

During President Ferdinand Marcos, Jr.’s first official visit to India, he candidly announced what several defense officials, analysts, and military officers had only privately discussed in the Philippines: “If there is an all-out war, we will be drawn into it. We will have to go into Taiwan and bring our people home.”

4 min  |

September 17, 2025

Business World Philippines

Filipina5 draws tough Group A rivals at FIFA Futsal Women’s World Cup

HOST Philippines is locked in for its tough task ahead in the inaugural FIFA Futsal Women’s World Cup in November in Pasig.

1 min  |

September 17, 2025

Business World Philippines

China fires water cannon at PHL ship

THE PHILIPPINE COAST GUARD (PCG) said on Tuesday that a government ship operated by civilians was harassed by two Chinese coast guard vessels while buying fresh catch from Filipino fishers near Scarborough Shoal, marking the latest flareup at the disputed feature in the South China Sea.

3 min  |

September 17, 2025

Business World Philippines

Del Monte Pacific suspended from trading on report filing lapse

THE Philippine Stock Exchange (PSE) suspended trading of Del Monte Pacific Ltd. (DELM) shares on Tuesday after the company failed to file its annual report for the fiscal year ended April 30.

1 min  |

September 17, 2025

Business World Philippines

US reinterprets arms control pact to ease military drone exports

THE United States can export “Reaper”-style and other advanced military drones more easily following a reinterpretation of its export control policies approved by Secretary of State Marco Rubio, the State department announced on Monday.

1 min  |

September 17, 2025

Business World Philippines

Peso back at P56 level with Fed cuts eyed

THE PESO returned to the P56 level on Tuesday amid a weaker dollar as markets expect several rate cuts from the US Federal Reserve to support growth in the world’s largest economy.

2 min  |

September 17, 2025

Business World Philippines

Oracle among consortium of firms to enable TikTok to continue US operations

ORACLE is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal between the US and China is finalized, CBS News reported on Monday.

1 min  |

September 17, 2025

Business World Philippines

GOCCs expected to remit P157B by year's end

GOVERNMENT-OWNED or-controlled corporations (GOCCs) are expected to generate P157 billion in remittances this year, Department of Finance (DoF) Secretary Ralph G. Recto said.

1 min  |

September 17, 2025

Business World Philippines

Shareholders of $1-B PhilTower are said to explore sale

SHAREHOLDERS of PhilTower are considering selling the company, one of the biggest telecommunications tower firms in the Philippines, and seeking a valuation of at least $1 billion, people familiar with the matter said.

1 min  |

September 17, 2025
Business World Philippines

Business World Philippines

Floods, sachets, and intellectual property in the circular economy

Metro Manila and other parts of the Philippines are increasingly vulnerable to flooding — a crisis exacerbated by the staggering volume of waste generated annually. Over 21 million metric tons of garbage, including plastic sachets and bottles, clog our rivers, canals, and drainage systems. The result: severe flooding during heavy rains, disrupting lives and livelihoods.

3 min  |

September 17, 2025

Business World Philippines

Trump renews calls for ending quarterly reports for companies

US COMPANIES should be allowed to report earnings every six months instead of on a quarterly basis, President Donald J. Trump said on Monday, announcing what could prove to be a major shift for corporate America.

2 min  |

September 17, 2025

Business World Philippines

Oil prices rise as investors assess attacks on Russian fuel facilities

Oil prices settled higher Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries and of US President Donald J. ‘Trump pressing the North Atlantic Treaty Organization (NATO) nations to halt Russian oil purchases.

1 min  |

September 17, 2025

Business World Philippines

EU set to miss UN deadline for new climate targets, draft shows

The European Union (EU) does not expect to reach an agreement on its new United Nations (UN)-mandated climate target in time for a key deadline this month and has instead drafted plans to submit a temporary goal, which could change later, an EU negotiating document seen by Reuters showed.

2 min  |

September 17, 2025

Business World Philippines

Marcos vows independent probe into flood-control irregularities

PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday said his newly created commission investigating irregularities in the multibillion-peso flood-control projects would operate independently and free of political bias, seeking to distinguish it from congressional inquiries that he said risk conflicts of interest.

4 min  |

September 16, 2025

Business World Philippines

AMLC says PHL unlikely to return to ‘gray list’

THE Anti-Money Laundering Council (AMLC) on Monday said the Philippines is unlikely to return to the Financial Action Task Force’s (FATF) “gray list,” despite a probe into allegations that former Public Works engineers laundered billions of pesos through casinos using funds meant for flood-control projects.

3 min  |

September 16, 2025

Business World Philippines

Philippines now a step closer to re-entering JPMorgan’s bond index

THE PHILIPPINES is now on the positive watchlist for JPMorgan Chase & Co’s emerging market government bond index, putting it a step closer to reentering the list that could help bring in more foreign investments.

1 min  |

September 16, 2025

Business World Philippines

Remittances hit 7-month high in July

FILIPINOS ABROAD sent more money home in July, hitting a seven-month high as remittances from sea-based workers grew at a slightly quicker pace than those from land-based workers, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

2 min  |

September 16, 2025

Business World Philippines

Reflections from the 23rd MAP CEO Conference

Conferences can sometimes feel like familiar rituals: greetings are exchanged, insights are shared, and then the world carries on as before. But the 23rd Management Association of the Philippines (MAP) International CEO Conference, held on Sept. 9 at Shangri-La The Fort, was different. It was not a ritual; it was a reckoning.

4 min  |

September 16, 2025

Business World Philippines

The Pitt and The Studio land top awards at TV's Emmys

Emergency room saga The Pitt was toasted as the year’s best television drama, and show-business satire The Studio was crowned best comedy, as Hollywood stars handed out trophies at the annual Emmy Awards on Sunday.

2 min  |

September 16, 2025