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SWIFT, top global banks to work on blockchain-based overhaul
Business World Philippines
|September 30, 2025
Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making cross-border payments instantaneous and on a system capable of handling the various new forms of digital money.
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SWIFT, a key part of the world’s financial architecture, said the institutions were collaborating on a blockchain-based “shared digital ledger” they see as vital for modernizing international bank transactions.
The timeline is yet to be defined, but it will initially focus on enabling real-time 24/7 cross-border payments, which should also make the process cheaper given it can currently take days.
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Business World Philippines
Limited run of filmed version of Hamilton starts today
THE FILMED version of the original Broadway production of the Tony, GRAMMY, Emmy, and Pulitzer Prizewinning musical Hamilton opens in select Philippine cinemas for one week only starting today, Oct. 1.
1 mins
October 01, 2025
Business World Philippines
Saudi Arabia is losing its appetite for oil
YOU KNOW that horror movie trope where the babysitter gradually realizes the crazed killer is phoning, not from some distant location, but from inside the house? Something similar is happening in the oil market.
3 mins
October 01, 2025
Business World Philippines
FNG plans to launch second tower at The Observatory by mid-2026
FEDERAL Land NRE Global, Inc. (FNG) said it plans to launch a second residential tower at its Mandaluyong township by mid-2026, following sales from the first tower.
1 mins
October 01, 2025
Business World Philippines
Crude prices plummet as OPEC+ plans for another oil output hike
Oil prices settled 3% lower on Monday as OPEC+ plans for another increase to oil output in November and the resumption of oil exports by Iraq's Kurdistan region via Turkey raised the global supply outlook.
1 mins
October 01, 2025
Business World Philippines
Leslie Odom, Jr. on marking 10 years of Hamilton
IT’S BEEN a milestone year for the musical about the $10 founding father without a father. Hamilton, the hit show based on US founding father Alexander Hamilton, turned 10 this summer — marking a decade since it stormed Broadway, rewrote the rules of musical theater, and became that rare cultural phenomenon everyone from high school students to US presidents had an opinion about.
3 mins
October 01, 2025
Business World Philippines
Linya-Linya turns humor into political statement and sales
CLOTHING and content brand Linya-Linya is expanding its reach while tapping into Filipinos’ political and social sentiments through its shirts and online content.
1 mins
October 01, 2025
Business World Philippines
PCG retrieves Chinese sea drone off Palawan province
THE PHILIPPINE Coast Guard (PCG) on Tuesday said it had taken custody of a suspected sea drone recovered by Filipino fishers off northern Palawan, marking the latest in a series of similar recoveries since 2022.
1 mins
October 01, 2025
Business World Philippines
SEC clears Damosa Land’s rental pool program
THE Securities and Exchange Commission (SEC) approved Damosa Land, Inc.'s rental pool program, the first registration under the recently implemented Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT) guidelines, allowing the developer to offer units in its TRYP by Wyndham Samal condotel project as investment contracts while retaining ownership.
1 mins
October 01, 2025
Business World Philippines
California’s Newsom signs law requiring AI safety disclosures
CALIFORNIA Governor Gavin Newsom signed into state law on Monday a requirement that ChatGPT developer OpenAl and other big players disclose how they plan to mitigate potential catastrophic risks from their cutting-edge AI models.
1 mins
October 01, 2025
Business World Philippines
DPWH to probe ‘ghost’ farm-to-market road projects in Marcos anti-graft drive
THE Department of Public Works and Highways (DPWH) will investigate irregularities in farm-to-market road projects flagged by the Agriculture department, widening the Marcos administration’s anti-graft drive.
3 mins
October 01, 2025
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