Prøve GULL - Gratis

Pressure builds on Winter Games as climate, funding concerns build

Business World Philippines

|

December 26, 2025

Pressure is mounting on Italian authorities to accelerate preparations for the Milano Cortina Olympics amid funding gaps and unusually warm temperatures, even as the head of world skiing openly advocates a fundamental overhaul of how future Winter Games are hosted.

With the Games due to start in February, International Ski and Snowboard Federation president Johan Eliasch said Italy's challenges were symptomatic of deeper structural issues facing winter sport, as rising costs, climate pressure and underused infrastructure fuel calls for a rotating model of permanent Olympic hosts.

Growing concern over climate pressure, escalating costs and the waste of Olympic infrastructure after the Games is strengthening support within international sport for a rotation system, under which a small pool of established venues would host the Winter Olympics on a recurring basis.

Proponents argue that such a model would allow long-term planning, reduce spending and ensure consistent conditions for athletes and spectators, rather than forcing hosts to build or upgrade facilities that are rarely used once the Games end.

Eliasch said several Olympic venues were facing technical difficulties not because of shortcomings by local organizers, but because of funding issues at government level.

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

Analyst cites risks of Jollibee plan to spin off US operations

JOLLIBEE FOODS CORP. (GJFC) plans to spin off its international business and list it on a US stock exchange by late 2027, a move investors generally see as a value booster, but one that comes with added risks, analysts said.

time to read

1 mins

January 09, 2026

Business World Philippines

Dollar reserves hit $110.9B at end-2025

THE Philippines' dollar reserves as of end-December exceeded the Bangko Sentral ng Pilipinas' (BSP) estimate for the year as it reached over $110 billion.

time to read

2 mins

January 09, 2026

Business World Philippines

Aboitiz Renewables unit plans P512-M facility for solar link

SOUTH CLEANERGY, INC. is seeking to build a P512-million transmission facility to link its major solar farm and battery energy storage system in Cadiz, Negros Occidental, to the Visayas grid.

time to read

1 min

January 09, 2026

Business World Philippines

Buying from the broadsheets

Some 13 years ago, Nobel Laureate Joseph E. Stiglitz published The Price of Inequality.

time to read

5 mins

January 09, 2026

Business World Philippines

Eala clinically beats Marcinko

Grizzled tandem of Maleckova-Zarazua withdraws

time to read

2 mins

January 09, 2026

Business World Philippines

PLDT eyes broader rollout of AI across key sectors

PLDT INC. is stepping up efforts to expand the use of artificial intelligence (AI) across the Philippines as part of its push to boost participation in the global AI ecosystem and support inclusive digital growth.

time to read

1 min

January 09, 2026

Business World Philippines

Business World Philippines

Stephen Miller: Portrait of Donald Trump's ideologue-in-chief

During a recent interview with CNN host Jake Tapper, the White House deputy chief of staff, Stephen Miller, laid out what appears to be the core of the new ideology driving US foreign policy: the notion that might is right.

time to read

4 mins

January 09, 2026

Business World Philippines

Green-lane agency to start 2026 with projects worth P2.95 trillion

THE Board of Investments’ (Bol) One-Stop Action Center for Strategic Investments (OSACSI) said it ended 2025 with about P2.95 trillion worth of projects not yet registered with investment promotion agencies (IPAs) whose permits it will fast-track under the green lane system.

time to read

2 mins

January 09, 2026

Business World Philippines

Business World Philippines

True cost of P20 rice program points to daunting fiscal challenge

THE QUEUE was longer than usual when Elisa J. Valencia arrived at the Kadiwa store in Diliman, Quezon City one Wednesday morning in December.

time to read

5 mins

January 09, 2026

Business World Philippines

Business World Philippines

Philippines may grow below 4% in near term

PHILIPPINE economic growth may fall below 4% in the near term as the billion-peso flood control scandal drags on, affecting government spending and dampening consumption and sentiment, Nomura Global Markets Research said.

time to read

2 mins

January 09, 2026

Listen

Translate

Share

-
+

Change font size