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Carmaker Volkswagen’s Brazil unit ordered to pay $30 million for decades-old ‘slave labor’ case
Business World Philippines
|September 01, 2025
Volkswagen’s (VW) Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday.
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A labor court found that hundreds of workers at a Volkswagen-run ranch were subjected to degrading work conditions, forced into debt bondage and were held under armed surveillance.
Volkswagen said it would appeal the decision.
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Business World Philippines
Yankees back Carlos Rodon’s strong outing in redemption win over O’s
GIANCARLO STANTON and Aaron Judge homered, and Carlos Rodon set a career-high mark with a sterling outing on the mound as the New York Yankees defeated the host Baltimore Orioles 6-1 on Saturday night.
1 mins
September 22, 2025
Business World Philippines
Refined, safer living in Pangasinan with Sta. Lucia Land and 1 Premiere
AS A PROMINENT travel haven in Central Luzon, Pangasinan is home to several nature destinations.
1 mins
September 22, 2025
Business World Philippines
The return of PhilHealth funds is the people’s victory
On Saturday, Sept. 20, President Ferdinand Marcos, Jr. announced that the P60 billion diverted from the Philippine Health Insurance Corp. (PhilHealth) to the National Treasury in 2024, which was strongly opposed by civil society and challenged in a Supreme Court petition (GR 274778, Pimentel vs. House of Representatives), would be returned to PhilHealth.
3 mins
September 22, 2025
Business World Philippines
North terminal exchange study expected this year
THE Department of Transportation (DoTr) hopes to complete the feasibility study for the northern Metro Manila integrated terminal exchange by the end of the year.
1 mins
September 22, 2025
Business World Philippines
Intel’s Nvidia deal seen as mixed blessing for Asian chipmakers
Nvidia's $5-billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease US scrutiny on its foreign rivals although it can boost competition in the long term.
1 mins
September 22, 2025
Business World Philippines
OpenAI taps Apple supplier to make artificial intelligence device
OPENAT has signed a deal with Apple device assembler, Luxshare, to make a consumer device, the Information reported on Friday, citing people familiar with the matter.
1 min
September 22, 2025
Business World Philippines
Alas Pilipinas has a big chance at SEAG in Thailand
ALAS Pilipinas’ odds-defying performance in the FIVB Men’ Volleyball World Championships did not only show everyone that it could compete against the best on the planet if given a chance.
1 mins
September 22, 2025
Business World Philippines
BSP bills fetch mixed yields
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities were mixed on Friday, even as demand was strong as it offered a lower volume compared to the previous week.
1 min
September 22, 2025
Business World Philippines
Clarity in compliance: The impact of RMC 81-2025 on business expense deductions
From a business standpoint, RMC 81-2025 calls for a shift from reactive tax management to purposeful tax governance, where compliance becomes a reflection of corporate integrity.
4 mins
September 22, 2025
Business World Philippines
SM Foundation upgrades two health facilities in Cebu
TWO HEALTH FACILITIES in Cebu have recently received comprehensive upgrades that transformed them into facilities that serve communities.
1 mins
September 22, 2025
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