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Xi pitches closer ties to Spanish king as Madrid courts China

Business World Philippines

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November 13, 2025

China's President Xi Jinping told Spain's King Felipe VI on Wednesday that the world's second-largest economy seeks to work with Madrid to boost the global influence of both nations, as the heads of state met in Beijing ahead of a signing ceremony.

Felipe is the first Spanish monarch in 18 years to make a state visit to China, as Madrid leads the European Union (EU) in courting Beijing and seeks to expand its diplomatic footprint across the Asia-Pacific region.

China, for its part, is eager to move past trade tension with the 27-strong bloc over its heavily subsidized electric vehicles industry, as US President Donald J. Trump's tariffs weigh on exports.

CHINA SUGGESTED RESUMING INVESTMENT TALKS

Last week China proposed the resumption of investment talks frozen since 2021.

"The world needs more constructive forces dedicated to peace and development," Mr. Xi told Felipe during their meeting in Beijing's Great Hall of the People, flagging change and turbulence in the international situation.

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

Judicial Reform Initiative: celebrating a decade of resolve

This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

It ain't over 'til the fat lady sings

For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.

time to read

6 mins

December 19, 2025

Business World Philippines

BPI plans to merge thrift units Banko, Legazpi Savings Bank

BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.

time to read

1 mins

December 19, 2025

Business World Philippines

Customs chief expects revenue collection to hit P939 billion this year

THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.

time to read

3 mins

December 19, 2025

Business World Philippines

Warner Bros. Discovery board rejects rival bid from Paramount

Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.

time to read

4 mins

December 19, 2025

Business World Philippines

Sun Life Grepa offers new insurance plan

SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.

time to read

1 min

December 19, 2025

Business World Philippines

Budget ratification and signing set for Dec. 29

PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.

time to read

5 mins

December 19, 2025

Business World Philippines

Grade 5 PHL students trail Southeast Asian peers in reading, math

GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.

time to read

4 mins

December 19, 2025

Business World Philippines

Business World Philippines

Wishes for the children

On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

The US needs to welcome immigrants, not demonize them

EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.

time to read

2 mins

December 19, 2025

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