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Business World Philippines
Petron bondholders swap $333M into new notes, tender $54M for cash
ANGLED Petron Corp. reported strong preliminary participation in its recently completed exchange and tender offers for its $550-million 5.95% Senior Perpetual Capital Securities.
1 min |
September 16, 2025
Business World Philippines
Shares of listed Philippine banks rise in 2nd quarter
This article has been republished to correct errors that appeared in the original version. We regret the mistakes and are issuing this corrected version for accuracy and clarity.
6 min |
September 16, 2025
Business World Philippines
Germany crowned EuroBasket champions after win over Turkey
Germany pulled off a stunning 88-83 victory over Turkey on Sunday to win the EuroBasket title for the first time since 1993, with point guard Dennis Schroeder draining a late jump shot and then adding a pair of high-pressure free throws in a thrilling climax.
1 min |
September 16, 2025
Business World Philippines
ARTA budget hurdles Senate committee
THE SENATE COMMITTEE on Finance on Monday endorsed the P496-million proposed budget of the Anti-Red Tape Authority (ARTA) for 2026, allowing it to proceed to plenary deliberations.
1 min |
September 16, 2025
Business World Philippines
Gold holds steady; traders await Fed rate cut decision
GOLD PRICES were _ little changed on Monday as investors awaited a widely expected rate cut by the US Federal Reserve this week, with profit taking and an uptick in the US dollar keeping gains in check.
1 min |
September 16, 2025
Business World Philippines
Waiving the statute of limitations on tax prescription
LET’S TALK TAX STEPHANIE JOY D. CARRION
6 min |
September 16, 2025
Business World Philippines
ICTSI boosts Manila terminal capacity with new hybrid cranes
RAZON-LED International Container Terminal Services, Inc. (ICTSI) said it is boosting the capacity of its flagship Manila International Container Terminal (MICT) by adding eight hybrid rubber-tired gantries (RTGs) as part of a broader program to handle rising cargo volumes while cutting emissions.
1 min |
September 16, 2025
Business World Philippines
Asian stocks steady; focus on US Fed easing cycle
Asian shares steadied near four-year highs on Monday ahead of an action-packed week that is seemingly certain to see the US Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts.
2 min |
September 16, 2025
Business World Philippines
Treasury bill yields drop with Fed set to resume easing cycle
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as average rates dropped across the board, with the three-year tenor’s yield falling below the 5% mark, as the US Federal Reserve is expected to resume its easing cycle this week.
3 min |
September 16, 2025
Business World Philippines
Lola Amour, Kokoro share the stage
More international collaborations up ahead
2 min |
September 16, 2025
Business World Philippines
PHL obtains three project pledges from Japan valued at P51 billion
THE Department of Trade and Industry (DTD said on Monday that three investment commitments have been made by Japanese conglomerates worth a combined P51 billion.
1 min |
September 16, 2025
Business World Philippines
Oil gains anew after attacks on Russian facilities
Oil prices extended gains on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing US fuel-demand growth.
1 min |
September 16, 2025
Business World Philippines
Laurel pitches House on farmer prosperity, modernization
AGRICULTURE SECRETARY Francisco P, Tiu Laurel, Jr. asked the House of Representatives to approve the Department of Agriculture’s proposed P176.7-billion budget, outlining a 2026 program centered on boosting farmer prosperity and modernization.
1 min |
September 16, 2025
Business World Philippines
SM Prime files with SEC for P17-billion fixed-rate bond issuance
SM PRIME HOLDINGS, INC. (SMPH) is hoping to raise up to P17 billion from a peso-denominated fixed-rate bond issuance, following its $350-million debut offering of US dollar-denominated senior notes.
1 min |
September 16, 2025
Business World Philippines
US says China spreads ‘false’ WWII narratives to pressure Taiwan
China is intentionally mischaracterizing World War II-era documents to put pressure on and isolate Taiwan given those agreements made no determination of the island’s ultimate political status, the de facto US embassy in Taipei said.
2 min |
September 16, 2025
Business World Philippines
NHA turns over 1,099 housing units in Laguna for PNR relocations
THE National Housing Authority (NHA) has distributed 1,099 housing units in San Pablo City, Laguna to families displaced by the government’ railway projects.
1 min |
September 16, 2025
Business World Philippines
BFAR sets rules to support crayfish cultivation plan
THE Bureau of Fisheries and Aquatic Resources (BFAR) is drafting guidelines for the cultivation of Australian Redclaw Crayfish (ARC), the Department of Agriculture (DA) said.
1 min |
September 16, 2025
Business World Philippines
Revenue reforms and Asian credit ratings
The spending side of the Philippines' public finance needs major reforms that include spending cuts in many agencies like the corruption-tainted Department of Public Works and Highways (DPWH).
3 min |
September 16, 2025
Business World Philippines
Pope Leo criticizes high, Musk-style corporate pay packages
Pope Leo XIV criticized corporate pay packages that offer executives much higher salaries than their employees in excerpts from his first media interview released on Sunday, citing Tesla’s recent $1-trillion compensation plan for Chief Executive Officer (CEO) Elon Musk.
1 min |
September 16, 2025
Business World Philippines
Higher terminal fees take effect at Manila's main airport
THE OPERATOR of the Ninoy Aquino International Airport (NAIA) began charging higher terminal fees on Sunday, a year after it took over the country’s main gateway.
1 min |
September 15, 2025
Business World Philippines
PHL big banks post slower growth in assets, loans in 2nd quarter
THE GROWTH in combined assets and loans of the country's biggest lenders eased as of the end of June, dragged by weaker economic output in the second quarter despite cheaper borrowing costs and slower inflation.
3 min |
September 15, 2025
Business World Philippines
Business groups say independent body can help restore investor confidence in PHL
THE PHILIPPINES’ largest business groups on Sunday expressed confidence the newly created Independent Commission on Infrastructure (ICI) could help restore investor confidence in the country’s public works program.
3 min |
September 15, 2025
Business World Philippines
Art and terrible things
eni Riefenstahl resur- | rects every time a big artist anywhere aligns with regimes of systematic, largescale brutality.
4 min |
September 15, 2025
Business World Philippines
WH SAPATA TODO Industrial policy vs neoliberalism in the time of corruption
The massive anomalies in flood control projects amid the incessant rains, coupled with the shameless display of unexplained wealth by some politicians and contractors, have triggered rage among the people.
3 min |
September 15, 2025
Business World Philippines
PHL external debt jumps to $149B
THE PHILIPPINES' outstanding external debt jumped to a record $148.87 billion as of end-June amid the weakening of the US dollar, the Bangko Sentral ng Pilipinas (BSP) said.
2 min |
September 15, 2025
Business World Philippines
GSIS, SSS honor nation's retirees in National Pensioners' Week
THE GOVERNMENT SERVICE Insurance System (GSIS), in partnership with the Social Security System (SSS), led the celebration of National Pensioners' Day at the GSIS Head Office in Pasay City as part of the week-long National Pensioners' Week.
1 min |
September 15, 2025
Business World Philippines
Treasury bills, bonds may fetch lower rates before Fed meeting
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could decline as weak US data boosted expectations of further monetary easing by the US Federal Reserve.
4 min |
September 15, 2025
Business World Philippines
Peso may strengthen with Fed likely to cut
THE PESO may strengthen against the dollar in the coming days, with the US Federal Reserve expected to deliver its first rate cut this year at this week’s meeting amid weak data out of the world’s largest economy.
2 min |
September 15, 2025
Business World Philippines
THE FRONX AWAKENS
Impressive first impressions of Suzuki's new subcompact
4 min |
September 15, 2025
Business World Philippines
Rates of short-term BSP bills end mixed
RATES of the Bangko Sentral ng Pilipinas’ (BSP) short-term bills ended mixed on Friday, with both tenors oversubscribed as the offer volume was lowered.
1 min |