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VP Duterte flags 'budget-driven' ouster maneuver as 2026 spending talks loom
Business World Philippines
|December 09, 2025
VICE-PRESIDENT (VP) Sara Duterte-Carpio on Monday said she is ready to respond to allegations in a potential impeachment complaint, but described any move to remove her as a "budget-driven" maneuver, coming as lawmakers prepare to finalize the proposed P6.793-trillion national budget for 2026.
In a statement, she accused legislators of using the budget as leverage to secure support for her impeachment, recalling last year's process in which she alleged a pay-for-sign scheme influenced votes during the 2025 budget's finalization.
"The impeachment complaint against me was never really driven by principle but by price," she said. "I have always stood ready to answer any allegation grounded in fact and truth."
The vice-president's conflict with President Ferdinand R. Marcos, Jr. — once a close ally — escalated into a political feud last year, culminating in her impeachment by the House of Representatives, where most members are aligned with the Marcos administration.
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Business World Philippines
The Bistro Group, going loca(l)
THE RETURN of Krazy Garlik under The Bistro Group's portfolio signifies Bistro's respect for local culture and its motivation to do more in the local scene (as opposed to their forte, bringing in international franchises).
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Business World Philippines
Peso edges up before Fed, BSP decisions
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1 mins
December 11, 2025
Business World Philippines
Recycling as trade defense
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5 mins
December 11, 2025
Business World Philippines
BSP, SEC ink deal on PERA data sharing
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1 mins
December 11, 2025
Business World Philippines
Gold rises; silver hits $60/oz milestone
GOLD GAINED on Tuesday as traders remained optimistic ahead of the US Federal Reserve's interest rate decision, while silver rose to hit an unprecedented $60 per ounce (oz) milestone amid supply constraints.
1 mins
December 11, 2025
Business World Philippines
ADB approves $400-million loan to improve ease of doing business in the Philippines
THE ASIAN Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government's efforts to improve the ease of doing business in the country.
2 mins
December 11, 2025
Business World Philippines
US stocks end slightly lower as investors await Fed rate decision
THE S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the US Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest US bank warned of hefty expenses for 2026.
2 mins
December 11, 2025
Business World Philippines
Soybean futures extend slide; corn climbs after USDA data
US soybean futures hit their lowest in more than a month on Tuesday, pressured by uncertainty about Chinese demand for US supplies as well as expectations of large South American harvests, analysts said.
1 mins
December 11, 2025
Business World Philippines
ADB says PHL still likely to post second-fastest growth in Southeast Asia
THE ASIAN Development Bank (ADB) slashed its growth forecasts for the Philippines for this year and 2026 but it is still expected to be the second-fastest growing economy in Southeast Asia.
3 mins
December 11, 2025
Business World Philippines
Unemployment rate rises to 5%, highest in 3 months
THE NUMBER of jobless Filipinos rose by about 570,000 to 2.54 million in October from a year earlier, even as overall employment increased by 460,000, the Philippine Statistics Authority (PSA) reported on Wednesday, underscoring persistent vulnerabilities in the labor market despite headline job gains.
3 mins
December 11, 2025
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