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Business World Philippines

Proposed amnesty could cover taxes from as far back as 2007

THE Department of Finance (DoF) said on Monday that a proposed general tax amnesty (GTA) will likely cover unpaid internal revenue taxes as far back as 2007.

1 min  |

September 02, 2025

Business World Philippines

Beyond survival: Are Filipino businesses truly resilient?

Five years ago, our country and the rest of the world experienced the worst disruption of the century: the COVID-19 pandemic. Its impact was felt across many facets of our lives and our livelihoods.

3 min  |

September 02, 2025

Business World Philippines

Earthquake in Afghanistan kills over 800, injures 2,800

One of Afghanistan’s worst earthquakes killed more than 800 people and injured at least 2,800, authorities said on Monday, as helicopters ferried the wounded to hospital after they were plucked from the rubble of homes being combed for survivors

2 min  |

September 02, 2025

Business World Philippines

The human compass in an AI World: Navigating transitions, preserving traditions

As artificial intelligence (AI) continues to expand its reach and importance in our day-to-day living, the conversations around its use almost always carry strong emotional undertones — unease, anxiety, fear, cautious acceptance, sense of wonder, and “no big deal.”

4 min  |

September 02, 2025

Business World Philippines

EV-maker BYD’s shares slide after steep fall in quarterly profit

Shares in electric vehicle (EV) maker BYD slid on Monday after it reported quarterly profit fell for the first time in more than three years, hit hard by a cutthroat price war that is plaguing China’s auto industry.

1 min  |

September 02, 2025

Business World Philippines

Oil prices fall as rising output offsets disruptions

Oil prices traded in a tight range on Monday as worries about rising output and the impact of US tariffs on demand offset supply disruptions stemming from intensified Russia-Ukraine airstrikes.

1 min  |

September 02, 2025
Business World Philippines

Business World Philippines

ERC unveils draft rules for power reserve procurement

THE Energy Regulatory Commission (ERC) said it drafted rules for the National Grid Corp. of the Philippines (NGCP) to follow in procuring reserve power.

1 min  |

September 02, 2025

Business World Philippines

SEC plans revised REIT rules by Q4

THE Securities and Exchange Commission (SEC) is planning to release the revised rules for Republic Act No. 9856, or the REIT Act, by the fourth quarter (Q4).

2 min  |

September 02, 2025

Business World Philippines

Asia markets suffer tech jitters; China plays its own game

— Asian shares were mostly downbeat on Monday as profit taking hit some high-flying Japanese tech groups, though China remained well supported by optimism over its homegrown artificial intelligence (AI) ventures.

2 min  |

September 02, 2025
Business World Philippines

Business World Philippines

China is going on the offensive in Southeast Asia

CHINA is expanding its defense networks in Southeast Asia, and that risks carving the region into rival camps: one aligned with Beijing, the other friendly to Washington. Left unchecked, the Chinese — and by extension, Russian — presence will become even more deeply embedded, setting the stage for a dangerous new round of superpower competition in the Indo-Pacific.

3 min  |

September 02, 2025
Business World Philippines

Business World Philippines

Stallion Laguna FC advances to AFC Women's Champions League Group Stage as best runner-up

STALLION Laguna FC caught the last bus to the AFC Women's Champions League (AWCL) Group Stage after finishing as the best runner-up in the Preliminary Stage.

1 min  |

September 02, 2025

Business World Philippines

Gilas Pilipinas Youth suffers 106-82 defeat to Chinese Taipei in U16 Asia Cup

GILAS Pilipinas Youth's quest for a World Cup ticket got off to a flat start.

1 min  |

September 02, 2025

Business World Philippines

Globe says Metro Manila network getting upgrades

GLOBE TELECOM, INC. said it is boosting its connectivity in Metro Manila with new tower builds and upgrades.

1 min  |

September 02, 2025

Business World Philippines

Hann Reserve converts economic zone to mixed-use

HANN PHILIPPINES, Inc. (HPI) registered its mixed-use development in Clark as a special economic zone, the Philippine Economic Zone Authority (PEZA) said, converting it from its initial status as a leisure project.

1 min  |

September 02, 2025

Business World Philippines

Economic sabotage prosecutions making slow progress — DA

THE Department of Agriculture (DA) said prosecutions for economic sabotage are going slowly, blunting the law’s deterrent effect.

1 min  |

September 02, 2025
Business World Philippines

Business World Philippines

Tan-led Travellers International gains control of Westside City resort project in Parañaque

TRAVELLERS International Hotel Group, Inc., the leisure and tourism arm of Tan-led Alliance Global Group, Inc., has gained control of the development of the Westside Integrated Resort Project in Parañaque City following a \"strategic work agreement\" with Suntrust Resort Holdings, Inc. amid project delays.

1 min  |

September 02, 2025
Business World Philippines

Business World Philippines

ACEN completes offload of remaining diesel power assets

AYALA-LED ACEN CORP. has sold its remaining diesel power plants, moving closer to its goal of 100% renewable energy generation by the end of 2025.

1 min  |

September 02, 2025

Business World Philippines

North Korea's Kim inspects new missile production line, KCNA says

North Korean leader Kim Jong Un inspected a new missile production line and missile-manufacturing automation process, state media KCNA said on Monday.

1 min  |

September 02, 2025

Business World Philippines

Lagarde warns of global economic risk via Trump interference on Fed

— Steps by US President Donald J. Trump to remove US Federal Reserve Chairman Jerome H. Powell or Fed Governor Lisa Cook would represent a “very serious danger for the US economy and the world economy,” said European Central Bank President Christine Lagarde on Monday.

1 min  |

September 02, 2025

Business World Philippines

Meta's AI leaders discuss using Google, OpenAI models in apps

META Platforms is considering partnerships with rivals Google or Openal to enhance artificial intelligence (AI) features in its applications, The Information reported on Friday, citing people familiar with the conversations.

1 min  |

September 02, 2025

Business World Philippines

Gold rises on US rate cut bets; silver hits 14-year high

GOLD hit a more than four-month high on Monday, as increased bets for a US Federal Reserve interest rate cut this month lifted bullion’s allure, while silver rose above $40 per ounce for the first time in more than a decade.

1 min  |

September 02, 2025

Business World Philippines

‘Covered persons’ warned to transact only with registered gambling entities

THE Anti-Money Laundering Council (AMLC) said “covered persons” subject to its oversight must only deal with legitimate online gambling platforms and casinos.

1 min  |

September 02, 2025

Business World Philippines

New Zealand reverses course to let some foreign investors buy homes

New Zealand on Monday said it will open its housing market to wealthy foreigners who invest in local businesses, reversing a previous ban in expectation it will boost economic growth.

2 min  |

September 02, 2025

Business World Philippines

CHED seeks P13-B boost to sustain subsidies for poor college students

THE Commission on Higher Education (CHED) wants an additional P13 billion for 2026 to ensure that education subsidies for low-income college students continue, its chairperson said on Monday.

1 min  |

September 02, 2025

Business World Philippines

Xi, Putin share vision for new global order at security forum

Chinese President Xi Jinping urged leaders at a regional summit to leverage their “mega-scale market” on Monday, while Russian President Vladimir Putin showed support for Mr. Xi’s ambition for a new global security and economic order that poses a challenge to the United States.

2 min  |

September 02, 2025
Business World Philippines

Business World Philippines

Jollibee, Canada discuss strengthening supply chain ties

JOLLIBEE GROUP, the portfolio of brands under Jollibee Foods Corp. (JFC), said Canada’s Agriculture Minister Heath MacDonald recently met with its executives in Manila to explore potential supply chain partnerships to support the company’s expansion.

2 min  |

September 02, 2025

Business World Philippines

Gov’t disburses first nine loans for tourism MSMEs

PRESIDENT Ferdinand R. Marcos, Jr., said on Monday that the government will expand financing for small tourism enterprises as the government reorients its strategy to focus on cultural and community-based experiences.

1 min  |

September 02, 2025

Business World Philippines

PLDT to activate Google laser sites for fiber-like internet

PANGILINAN-LED PLDT INC. is set to activate its three Google Taara laser communication sites, which will bring fiber-like internet connectivity to its customers.

1 min  |

September 02, 2025

Business World Philippines

8990 Holdings targets Oct. 28 for voluntary PSE delisting

REAL ESTATE DEVELOPER 8990 Holdings, Inc. has filed a petition with the Philippine Stock Exchange (PSE) for a voluntary delisting of its common shares, targeting an effective date of Oct. 28.

1 min  |

September 02, 2025
Business World Philippines

Business World Philippines

SB Corp. could finance MSME exporters affected by US tariffs

THE Department of Trade and Industry (DTI said itis considering mobilizing its financing arm, the Small Business Corp. (SB Corp,), to provide P2-3 billion to small exporters affected by US tariffs.

1 min  |

September 02, 2025