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Trump weighing lawsuit against Fed’s Powell over renovations
Business World Philippines
|August 14, 2025
US President Donald J. Trump is considering a lawsuit against US Federal Reserve Chair Jerome Powell related to his management of renovations at the Fed’s Washington headquarters, White House spokeswoman Karoline Leavitt said on Tuesday.
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The potential move, suggested earlier ina presidential social media post, escalates Mr. Trump’s continuing pressure onthe central bank leader to cut interest rates.
A Fed spokesperson did not have a comment.
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Business World Philippines
Clark airport traffic seen up 15% as NAIA flight transfers, new routes drive growth
CLARK INTERNATIONAL AIRPORT expects passenger traffic to grow by 15% this year, driven by the transfer of some flight operations from the Ninoy Aquino International Airport (NAIA) and the expansion of international and domestic routes, its operator said.
1 mins
January 29, 2026
Business World Philippines
From pause to progress: Refined audit approach
Responding to widespread taxpayer concerns regarding audit procedures, the Bureau of Internal Revenue (BIR) took a decisive step by suspending tax audits in November. This strategic pause allowed the BIR to reevaluate and refine its audit approach to address the concerns effectively and redefine the landscape of tax audits.
4 mins
January 29, 2026
Business World Philippines
Kollab backs PayRex with $2-M Series A investment
PayRex is now geared to scale its end-to-end payment solutions in the Philippines
2 mins
January 29, 2026
Business World Philippines
Farm output jumps 2.6% in 2025
THE PHILIPPINES' agricultural production grew by 2.6% in 2025, the fastest pace in eight years, as gains in crop output and strong poultry performance offset the decline in livestock and fisheries, the Philippine Statistics Authority (PSA) said.
6 mins
January 29, 2026
Business World Philippines
IBPAP cautiously optimistic for IT-BPM sector in 2026
THE IT & Business Process Association of the Philippines (IBPAP) is cautiously optimistic that the industry will achieve revenue and headcount growth this year despite continued uncertainty.
3 mins
January 29, 2026
Business World Philippines
Philippine GDP growth print lowered to 3.9% in 3rd quarter
THE PHILIPPINE Statistics Authority (PSA) on Wednesday said it downwardly revised the third-quarter gross domestic product (GDP) growth to 3.9% from the 4% initially reported.
1 min
January 29, 2026
Business World Philippines
A year into Trump presidency, 'pivot to China' gathers pace
BEIJING/HONG KONG - When US President Donald J. Trump took office a year ago with an \"America First\" agenda, many saw trouble for China's sluggish economy, but Beijing has thawed frosty relationships with other trade partners to post a record trade surplus.
3 mins
January 29, 2026
Business World Philippines
South Korea court sentences ex-First Lady Kim to jail term for bribery
SEOUL A South Korean court on Wednesday sentenced former First Lady Kim Keon Hee to one year and eight months in jail after finding her guilty of accepting bribes from Unification Church officials in return for political favors.
1 mins
January 29, 2026
Business World Philippines
PEZA confident of hitting 2026 target even as approvals fall 57% in Jan.
THE PHILIPPINE Economic Zone Authority (PEZA) said that it is confident in achieving its target this year, despite seeing a 57.4% decline in investment approvals in January.
2 mins
January 29, 2026
Business World Philippines
Synthetic identity fraud risks on the rise in PHL as digitalization continues
PHILIPPINE organizations must strengthen their identity verification processes as the proliferation of synthetic accounts could increase cases of digital fraud, according to iProov.
1 mins
January 29, 2026
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