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Business World Philippines
OECD slashes PHL growth projections
THE ORGANISATION for Economic Co-operation and Development (OECD) sharply downgraded its Philippine growth forecasts and raised its inflation outlook through 2027, warning of a temporary stagflationary shock amid elevated oil prices and weak domestic demand.
2 min |
June 04, 2026
Business World Philippines
Marcos considers extra budget amid oil shock
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the government is considering a supplemental budget and legislative amendments to cushion the impact of the Iran war.
4 min |
June 04, 2026
Business World Philippines
Warsh pledges to follow best of Fed’s traditions while also looking for change
US Federal Reserve Chairman Kevin Warsh pledged to follow “the best of the Fed’s traditions” in an opening note to the central bank’s more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently.
2 min |
June 04, 2026
Business World Philippines
Philippines may face new US tariffs
USTR cites failure to prohibit imports made with forced labor
3 min |
June 04, 2026
Business World Philippines
Bank assets up at end-April
THE Philippine banking system remained strong as of April with banks’ assets expanding by 12% year on year, data from the Bangko Sentral ng Pilipinas (BSP) showed.
2 min |
June 04, 2026
Business World Philippines
Philippine gaming industry's revenues seen to drop 19% this year
THE GAMING INDUSTRY’S gross gaming revenues (GGR) could decline by as much as 19% this year, as geopolitical tensions in the Middle East and tighter restrictions on online gambling dampened demand, the Philippine Amusement and Gaming Corp. (PAGCOR) said.
3 min |
June 04, 2026
Business World Philippines
TDF yield slips before CPI data
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to slip week on week as demand for safer assets remained strong, with rate hike bets growing as inflation likely stayed elevated last month.
2 min |
June 04, 2026
Business World Philippines
Google Pay use in PHL remains low, Visa says
GOOGLE PAY usage in the Philippines remains low as the share of payments coursed through the channel to the total is still in the single digits, but adoption is expected to grow as it becomes more integrated in everyday transactions, Visa said.
2 min |
June 04, 2026
Business World Philippines
RLC Shows Stability Through Steady Project Delivery
For investors seeking long-term value across market cycles, Robinsons Land Corporation’s diversified property platform offers a case for stability.
1 min |
June 04, 2026
Business World Philippines
AirAsia says flights continue despite shutdown order
PHILIPPINES AirAsia, Inc. said it remains fully operational after reports that the Civil Aviation Authority of the Philippines (CAAP) had issued a cease-and-desist order over unpaid obligations.
1 min |
June 04, 2026
Business World Philippines
Spurs-Thunder most-watched conference finals in 24 years
THE 2026 NBA Western Conference Finals, which the San Antonio Spurs won in seven games over the Oklahoma City Thunder, was the most watched conference final in 24 years, according to the league.
1 min |
June 04, 2026
Business World Philippines
Gold steadies with focus on ME peace talks
GOLD held steady on Tuesday as market participants focused on developments in the Middle East (ME) and upcoming US economic data to gauge their impact on monetary policy.
1 min |
June 04, 2026
Business World Philippines
Saudi firm Acwa leases Clark site for solar facility
THE Bases Conversion and Development Authority (BCDA) said Acwa Power Philippines is leasing 500 hectares in New Clark City to build a solar facility that is targeted at serving data centers and other advanced industries expected to rise in the area.
1 min |
June 04, 2026
Business World Philippines
Integrated infrastructure, AI seen accelerating push to develop smart cities in the Philippines
THE ADOPTION of integrated infrastructure and artificial intelligence (AI) will accelerate the development of smart cities in the Philippines, Dell Technologies, Inc. said, with edge-to-core solutions providing the foundation towards sustainability, efficiency, and connectivity.
1 min |
June 04, 2026
Business World Philippines
Groups file obstruction complaint vs Cayetano, Padilla over Bato’s ‘escape’
A COALITION of civil society and pro-democracy groups filed an obstruction of justice complaint before the Office of the Ombudsman against two senators and a Senate official over allegations they helped prevent the arrest of Senator Ronald ‐Bato‐ M. dela Rosa, who is being sought by the International Criminal Court (ICC).
2 min |
June 04, 2026
Business World Philippines
House agri panel hears testimony of pork farmgate crash following EO 116
THE House Committee on Agriculture and Food heard testimony from farmers’ and food-industry groups questioning the basis of Executive Order (EO) 116, which greatly increased the minimum access volume (MAV) for pork to 204,210 metric tons (MT) from 54,210 MT previously.
1 min |
June 04, 2026
Business World Philippines
Wall St. inches higher as AI zeal counters Iran jitters
The S&P 500 and the Dow closed modestly higher on Tuesday as risk appetite driven by artificial intelligence (AI) fervor was counterbalanced by tensions arising from US-Iran talks to reopen the Strait of Hormuz and end the months-long war.
1 min |
June 04, 2026
Business World Philippines
Uniqlo Philippines eyes skills training for 3,000 youth in Manila, Valenzuela
UNIQLO Philippines is planning to provide technical skills training to over 3,000 youth in Manila and Valenzuela cities to boost their access to employment and entrepreneurial opportunities.
1 min |
June 04, 2026
Business World Philippines
Certifying the already certified
When solar equipment has already been tested under international standards by credible and internationally accredited laboratories, what exactly does another Philippine certification pathway add?
4 min |
June 04, 2026
Business World Philippines
Resolute Czech man Jakub Mensik makes French Open semis; Andreeva and Kostyuk set up meeting
Jakub Mensik battled past Brazilian breakout star Joao Fonseca with a 6-4, 6-3, 7-6(3) win to make the semifinals of the French Open on Tuesday and become the youngest Czech man to reach that stage at a Grand Slam.
3 min |
June 04, 2026
Business World Philippines
Carmelo’s expands catering, menu
CARMELO’S, the restaurant owned by Cristina Santiago, the daughter of Melo’s founder Melo Santiago, had a good run last year for her catering services, so she’s diving into that.
1 min |
June 04, 2026
Business World Philippines
DoE sues Solar Philippines unit over undelivered Mindanao solar project
THE Department of Energy (DoE) has filed a complaint against businessman-turned-politician Leandro Antonio L. Leviste and his company for allegedly failing to deliver a committed solar project in Mindanao under the government's green energy auction program.
1 min |
June 04, 2026
Business World Philippines
Hostilities flare in Iran war; oil jumps with talks at a stalemate
Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress.
3 min |
June 04, 2026
Business World Philippines
Inspectors find nearly 45% of rice vendors compliant with P50 cap on imported grain
THE Department of Agriculture (DA) said on Wednesday that its nationwide inspection of rice vendors found 44.8% to be compliant with the P50 per kilo price cap on imported grain.
1 min |
June 04, 2026
Business World Philippines
NAIA operator names former Incheon exec as COO
SAN MIGUEL-LED New NAIA Infra Corp. (NNIC) has appointed Jong Hoon “John” Kim, a longtime executive from Incheon International Airport, as its chief operating officer (COO) as the company pushes ahead with the modernization of the Ninoy Aquino International Airport (NAIA).
1 min |
June 04, 2026
Business World Philippines
No reservation needed
THE WALK-IN TRADITION (no reservation needed) seems part of our service culture.
3 min |
June 04, 2026
Business World Philippines
Courts reject PrimeWater bid to block LGU water takeover
TWO regional trial courts have dismissed pleas filed by PrimeWater Infrastructure Corp. seeking to stop the San Jose del Monte City government in Bulacan from taking over local water operations.
1 min |
June 04, 2026
Business World Philippines
Philippine stocks end higher for third straight day
PHILIPPINE STOCKS rose for a third straight day on Wednesday on sustained buying, supported by bargain hunting and improved appetite for risk assets.
2 min |
June 04, 2026
Business World Philippines
China’s carmakers expand their presence in Europe
CHINESE automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles (EVs).
2 min |
June 04, 2026
Business World Philippines
BoC target raised by P7 billion following latest DBCC meeting
THE Bureau of Customs (BoC) said its revenue target has increased by around P7 billion following the latest Development Budget Coordination Committee (DBCC) meeting.
1 min |