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Business World Philippines
SMC seeks bondholder consent to use NAIA shares as loan collateral
SAN MIGUEL Corporation (SMC) has initiated a “consent solicitation” to its bondholders to amend the terms of several outstanding bonds, a move aimed at facilitating project financing for its subsidiary, New NAIA Infra Corp., which is undertaking the rehabilitation and operation of the Ninoy Aquino International Airport (NAIA).
2 min |
September 10, 2025
Business World Philippines
FDC disburses P6.75B from share sale to refinance debt
GOTIANUN-LED Filinvest Development Corp. (FDC) has disbursed P6.75 billion from its preferred share offerings to refinance existing debt obligations.
1 min |
September 10, 2025
Business World Philippines
Book launches, talks, workshops, discounts and more at the MIBF
THE 2025 Manila International Book Fair (MIBF) is opening today, Sept. 10, and will run until Sept. 14 at the SMX Convention Center Manila, Pasay City.
2 min |
September 10, 2025
Business World Philippines
Cocoa falls amid upbeat crop prospects
Cocoa futures on the ICE exchange hit one-and-a-half-month lows on Monday as dealers remained upbeat on prospects for the upcoming crop in West Africa and beyond.
1 min |
September 10, 2025
Business World Philippines
US imposes sanctions on scam networks in Myanmar, Cambodia
THE United States imposed sanctions on cyber scam operators in Myanmar and Cambodia on Tuesday, a booming industry the US says stole tens of billions from Americans last year, according to aTreasury department statement.
1 min |
September 10, 2025
Business World Philippines
Eala jumps to WTA rank No. 61 after Guadalajara Open win
ALEXANDRA “ALEX” EALA inched closer to her previous-career best ranking in the Women's Tennis Association (WTA) after a breakthrough feat in the WTA125 Guadalajara Open in Mexico over the weekend.
1 min |
September 10, 2025
Business World Philippines
Nasdaq notches record high close; investors bet on interest rate cuts
THE NASDAQ notched a record high close on Monday, lifted by a rally in Broadcom, while the S&P 500 also gained as investors bet the US Federal Reserve will soon lower borrowing costs to shore up economic growth.
2 min |
September 10, 2025
Business World Philippines
Fighting Maroons open UAAP title defense against host UST
REIGNING champion University of the Philippines (UP) opens its title defense in the centerpiece men's basketball tournament of the UAAP Season 88 against host University of Santo Tomas (UST) on Sept. 21 at the UST Quadricentennial Pavilion.
1 min |
September 10, 2025
Business World Philippines
PHL shares edge up on bargain hunting, Fed bets
PHILIPPINE SHARES inched higher on Tuesday on bargain hunting and mounting expectations that the US Federal Reserve will deliver its first rate cut for this year at its meeting next week.
2 min |
September 10, 2025
Business World Philippines
MSMEs told to harness TikTok for growth
LAGUNA-BASED cookie brand Drip and Bites wants micro, small and medium enterprises (MSME) to embrace social commerce as a way to scale their businesses, drawing from its own experience of moving from bazaars to a viral TikTok success.
2 min |
September 10, 2025
Business World Philippines
F. Sionil José heir talks on the potential sale of Solidaridad Bookshop
SOLIDARIDAD BOOKSHOP, a 60-year-old enterprise founded by the late National Artist for Literature F. Sionil José, is in the midst of a potential buyout. Antonio J. José, the second-generation owner, talked to BusinessWorld about the bookshop’s history, the management changes he has adopted, and the lack of a third-generation successor to the business.
2 min |
September 10, 2025
Business World Philippines
T-bill yields fall as demand rises
THE GOVERNMENT made a full award of the Treasury bills it auctioned off on Monday as yields dropped across all tenors, with investors looking to take advantage of still-high rates swamping the offer amid expectations of further monetary easing here and abroad.
3 min |
September 09, 2025
Business World Philippines
Double delight as Spanish Carlos Alcaraz reclaims US Open crown and world number one ranking
Carlos Alcaraz claimed the US Open crown for a second time with his win over Jannik Sinner on Sunday, a victory which showcased the Spaniard’s evolution over the last three years from the impulsiveness of youth to the measured maturity of a six-time Grand Slam winner.
2 min |
September 09, 2025
Business World Philippines
Building the Filipino workforce for the AI Age
Our neighbor Singapore recently celebrated the Diamond Jubilee of its independence, nicknamed “SG60.” When Prime Minister Lawrence Wong addressed the nation at the “SG60 and Beyond” dialogue and the 2025 National Day Rally, many listened closely to his vision for Singapore's future. His message was clear and urgent: “AI will be the defining technology of our time.” He underscored Al’s transformative power as the next great technological revolution, rivaling the personal computer and the Internet. It was both a warning and an opportunity — countries cannot afford to stand still on AI, and leaders must think carefully about how to apply it to uplift jobs and people.
3 min |
September 09, 2025
Business World Philippines
Peso jumps to one-month high as dollar struggles after weak jobs data
THE PESO jumped to an over one-month high against the dollar on Monday as weak US jobs data boosted hopes of a rate cut by the US Federal Reserve next week.
1 min |
September 09, 2025
Business World Philippines
UnionBank rolls out NFC payment feature on its app
UNION BANK of the Philippines, Inc. (UnionBank) has launched the Mobile Tap to Pay feature on its online application, letting its users make contactless transactions using a near-field communication (NFC)-capable Android device.
1 min |
September 09, 2025
Business World Philippines
Daniel Craig returns as detective Benoit Blanc in Wake Up Dead Man: A Knives Out Mystery
The charismatic, sharply dressed detective Benoit Blane, played by Daniel Craig, is back to solve another murder case in Wake Up Dead Man: A Knives Out Mystery, the third installment in the franchise. It’s big, it’s dark, and it’s fun.
1 min |
September 09, 2025
Business World Philippines
Blacklist looms for more builders involved in flood-control projects
THE Department of Budget and Management (DBM) said it will declare more flood-control contractors ineligible to participate in government procurement once the Department of Public Works and Highways (DPWH) compiles its blacklist.
1 min |
September 09, 2025
Business World Philippines
South Korea minister heads to US to resolve fallout from immigration raid
South Korean Foreign Minister Cho Hyun was headed for the US on Monday as he seeks to resolve the fallout over the detention of hundreds of Korean workers during an immigration raid at a time when Seoul has committed to massive investment plans in America.
2 min |
September 09, 2025
Business World Philippines
Analysts see BSP pause in October
THE BANGKO SENTRAL ng Pilipinas (BSP) may hold off further monetary easing in October after inflation rose to a five-month high in August, with analysts expecting the central bank to deliver its last interest rate cut for the year in December.
3 min |
September 09, 2025
Business World Philippines
Manulife, MCBL launch new plan with investment fund options
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) and Manulife China Bank Life Assurance Corp. (MCBL) have launched a new unit-linked plan that offers life insurance coverage along with various investment options.
2 min |
September 09, 2025
Business World Philippines
Negros reunited: The Visayas’ new frontier for renewables, warehousing, and BPO
Negros Island is rewriting its economic story. Once known as the country’s sugar bowl, the newly reestablished Negros Island Region (NIR) is emerging as the Visayas’ renewable energy capital, capturing nearly half of all approved investments in the second quarter (Q2) of 2024.
4 min |
September 09, 2025
Business World Philippines
SM Prime eyes US dollar bond issue as REIT IPO deferred
SM PRIME HOLDINGS, INC. (SMPH) said it has mandated a group of global and domestic banks to arrange fixed-income investor meetings ahead of a possible issuance of US dollar-denominated senior notes.
1 min |
September 09, 2025
Business World Philippines
On declining inflation and on the Philippines’ import partners
The Philippines inflation rate for August 2025 was released last week, and we see that it was still low at 1.5% although a bit higher than July’s 0.9%.
2 min |
September 09, 2025
Business World Philippines
PHL CEOs upbeat despite corruption worries
MOST Filipino executives remain confident about their industry outlook for the next 12 months but remain dissatisfied with the government's handling of corruption, a survey by PwC Philippines and the Management Association of the Philippines (MAP) showed.
3 min |
September 09, 2025
Business World Philippines
Metro Manila rental yields seen subdued amid high vacancies
RESIDENTIAL RENTAL YIELDS in some parts of Metro Manila are expected to remain weak this year as developers grapple with unsold condominium units and elevated vacancy rates, property consultants said.
2 min |
September 09, 2025
Business World Philippines
PHL, Cambodia deepen ties in police cooperation, education and connectivity
PHILIPPINE President Ferdinand R. Marcos, Jr. and Cambodian Prime Minister Hun Manet witnessed the signing of three key agreements, deepening the countries’ ties in police cooperation, higher education, and air connectivity.
2 min |
September 09, 2025
Business World Philippines
Konektadong Pinoy must address tower shortage — DITO
DITO CME Holdings Corp. said the Konektadong Pinoy Act will not necessarily bring down service costs immediately because of continuing infrastructure gaps, particularly cellular towers.
1 min |
September 09, 2025
Business World Philippines
Chicago corn futures ease; wheat slips, soybeans firm
Chicago corn futures eased on Monday as traders adjusted positions before a closely watched US government supply and demand report this week, while farmers prepare for what is expected to be a record harvest.
1 min |
September 09, 2025
Business World Philippines
Virtual PPAs proposed for trading in RE certificates
THE Department of Energy (DoE) said it is proposing the introduction of virtual power purchase agreements (VPPAs) in the trading of renewable energy certificates (RECs).
1 min |