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India streamlines visa rules in boost for Chinese professionals

Business World Philippines

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December 19, 2025

India has reformed its business visa regime to ease movement of foreign engineers and technicians, the government said in a statement, which will be a boost to local firms leaning on Chinese professionals for manufacturing services.

India’s Department for Promotion of Industry and Internal Trade said late on Wednesday it had launched a new digital platform last month for companies to generate sponsorship letters to invite foreign professionals, has simplified visa forms and will no longer ask relevant ministries for additional recommendations.

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Business World Philippines

ASE eyes 26,000-sqm expansion in Philippines

OUTSOURCED semiconductor assembly and test firm ASE Co., Ltd. is planning a 26,000-square-meter (sqm) expansion in the Philippines, the Philippine Economic Zone Authority (PEZA) said on Wednesday, underscoring continued investor interest in the country’s electronics and semiconductor sector.

time to read

2 mins

February 05, 2026

Business World Philippines

Social engineering is top cyberthreat for PHL banks

SOCIAL ENGINEERING SCHEMES, such as phishing scams, was the top cyberthreat that affected Philippine banks in the first half of 2025, posing a persistent risk to the country’s digital payments system, the Bangko Sentral ng Pilipinas (BSP) said.

time to read

2 mins

February 05, 2026

Business World Philippines

A promising step toward tax audit reform

The Bureau of Internal Revenue (BIR) ended the two-month suspension of tax audit activities after issuing Revenue Memorandum Circular (RMC) No. 8-2026 and Revenue Memorandum Order (RMO) No. 1-2026.

time to read

5 mins

February 05, 2026

Business World Philippines

S&P: PHL on track for rating upgrade

THE PHILIPPINES remains on track for a possible credit rating upgrade as improving fiscal and external balances outweigh risks from the government's flood control controversy, Standard & Poor's (S&P) Global Ratings said.

time to read

2 mins

February 05, 2026

Business World Philippines

ASEAN trade and China exports dominance

As it is the Chair of the Association of Southeast Asian Nations (ASEAN) this year, the Philippines is hosting many meetings prior to the ASEAN Summit plus related summits with major economies — the US, Canada, Japan, Korea, India, Australia, Russia, the EU, etc. — in November.

time to read

3 mins

February 05, 2026

Business World Philippines

Japan, Philippines seal P8.18-B MRT-3 rehab loan

MANILA AND TOKYO on Wednesday signed an P8.18-billion loan agreement to rehabilitate the Metro Rail Transit Line 3 (MRT-3), as the heavily used rail line continues to face technical and operational disruptions.

time to read

3 mins

February 05, 2026

Business World Philippines

Business World Philippines

EastWest Bank eyes broad-based growth as governance concerns affect consumer loan demand

EAST WEST Banking Corp. (EastWest Bank) is looking to expand its other business segments as it expects slower consumer loan demand due to lingering weakness in investor sentiment amid the economic fallout from a corruption scandal.

time to read

2 mins

February 05, 2026

Business World Philippines

Excise the rot

It was a sunny morning that working day early in the pandemic.

time to read

8 mins

February 05, 2026

Business World Philippines

Philippine garment makers find they can’t quit the US just yet

WHEN US PRESIDENT Donald J. Trump set a 19% tariff on exports from the Philippines last July, its key body representing foreign buyers of apparel including Walmart, Inc. and Neiman Marcus Group LLC pledged to shift gear and focus on other destinations such as the Middle East and Europe.

time to read

2 mins

February 05, 2026

Business World Philippines

Business World Philippines

Tanduay reenters the brandy market with Torres Brandy

TANDUAY is banking on the over 90 years of history of the Spanish brandy they're distributing this year, Torres Brandy.

time to read

2 mins

February 05, 2026

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