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Business World Philippines

Yulo qualifies first in vault, second in floor exercise

OLYMPIC double-gold winner Carlos Yulo breezed through to the finals of both vault and floor exercise despite nursing a wrist injury in the 53rd Artistic Gymnastics World Championships in Jakarta, Indonesia.

1 min  |

October 22, 2025
Business World Philippines

Business World Philippines

Global companies hit by more than $35 billion in US tariffs

GLOBAL companies have flagged more than $35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald J. Trump's levies.

3 min  |

October 22, 2025

Business World Philippines

Sanae Takaichi becomes Japan’s first female premier

Hardline conservative Sanae Takaichi was voted in by parliament as Japan's first female prime minister on Tuesday, emulating her hero, Britain's late leader Margaret Thatcher, after a whirlwind few weeks of political wrangling.

2 min  |

October 22, 2025
Business World Philippines

Business World Philippines

PCCI submits reform wishlist to government

THE Philippine Chamber of Commerce and Industry (PCCI) said the government needs to do a better job in ensuring that its resources are not lost to corruption and are invested in critical programs like digitalization and the development of the energy and agriculture industries.

1 min  |

October 22, 2025

Business World Philippines

GSIS appoints new board members

THE GOVERNMENT Service Insurance System (GSIS) has appointed new trustees to its governing board following the resignation of three members who had called on GSIS President and General Manager Jose Arnulfo \"Wick\" A. Veloso to step down due to concerns regarding the state-run pension fund's investments.

1 min  |

October 22, 2025

Business World Philippines

EU weighs ban on ethanol used in hand sanitizers over cancer fears

THE European Union (EU) is considering classifying ethanol, an ingredient used in many hand sanitizers, as a dangerous substance that increases the risk of cancer, the Financial Times (FT) reported on Tuesday.

1 min  |

October 22, 2025

Business World Philippines

Oil prices settle at five-month low as supply glut fears mount

Oil prices settled at their lowest since early May on Monday as investors weighed a potential global glut, with US-China trade tensions adding to concerns about an economic slowdown and weaker energy demand.

1 min  |

October 22, 2025

Business World Philippines

Peso extends slide as Japan elects new PM

THE PESO slid further against the dollar on Tuesday along with other Asian currencies as Japan elected a new prime minister (PM) viewed as conservative.

1 min  |

October 22, 2025

Business World Philippines

Cocoa prices ease while sugar and arabica coffee climb

COCOA futures on ICE declined on Monday, slipping back towards a more than 1-1/2-year low set a week ago, while sugar and arabica coffee prices rose.

1 min  |

October 22, 2025

Business World Philippines

Masbate tourism workers granted emergency cash aid

TOURISM SECRETARY Christina G. Frasco and Social Welfare and Development Secretary Rexlon T, Gatchalian led the Emergency Cash Transfer (ECT) aid distribution on Monday to 677 tourism workers in Masbate, the Department of Tourism (DoT) said.

1 min  |

October 21, 2025

Business World Philippines

Stories for kids at Ascott Makati

Adarna Books Suite offers a stay filled with children’s literature

2 min  |

October 21, 2025

Business World Philippines

A new populist tool

LAST WEEK, Laguna Governor Marisol “Sol” Aragones announced a blanket suspension of in-person classes at all levels, shifting all schools — public and private alike — to online learning.

4 min  |

October 21, 2025

Business World Philippines

Nation branding: Why a country’s reputation is its strongest currency

When people think of Switzerland, visions of precision watches and delectable chocolates come to mind.

4 min  |

October 21, 2025

Business World Philippines

Converge targets year-end launch for international cables

CONVERGE ICT Solutions, Inc. expects its international cable systems, the Bifrost and the Southeast Asia Hainan-Hong Kong Express Cable System (SEA-H2X), to go live by the end of 2025.

1 min  |

October 21, 2025

Business World Philippines

StanChart grants $75-M social loan to Asialink Group

STANDARD CHARTERED PLC (StanChart) on Monday signed a $75-million social financing deal with Asialink Group, marking a milestone that could expand the local lender’s loan capacity and bring its initial public offering (IPO) timeline forward to 2027.

1 min  |

October 21, 2025

Business World Philippines

Bop surplus narrows to $82 million in Sept.

THE PHILIPPINES' balance of payments (BOP) surplus sharply narrowed year on year in September, the central bank reported on Monday.

2 min  |

October 21, 2025

Business World Philippines

Megawide bags P1.2-B Baguio City terminal project

MEGAWIDE Construction Corp. said it has received the notice of award from the Baguio City Government for the implementation of the P1.2-billion Baguio City Integrated Terminal (BCIT) project, expanding its transport infrastructure portfolio.

2 min  |

October 21, 2025

Business World Philippines

Fisher Mall plans to add 5,000 sq.m. of retail space to meet tenant demand

THE FISHER MALL GROUP is planning to expand its Quezon City mall by adding 3,000 to 5,000 square meters (sq.m.) of new retail space to accommodate tenants seeking to widen their footprint.

1 min  |

October 21, 2025

Business World Philippines

Digital transformation ‘no longer optional’ amid changing global order

DIGITALIZATION will not only make the Philippines a more competitive market for investments amid the shifting world order but also help in deterring corruption, industry leaders and a government official said.

2 min  |

October 21, 2025

Business World Philippines

A new era of digital governance for ecozone enterprises

Transacting with the Philippine Economic Zone Authority (PEZA) for over two years, I have found its processes consistently convenient and efficient.

3 min  |

October 21, 2025
Business World Philippines

Business World Philippines

ERC approves higher FIT-All rate

CONSUMERS may see higher electricity bills starting next month as the Energy Regulatory Commission (ERC) approved a new feed-in tariff allowance (FIT-All) that goes to paying renewable energy (RE) developers.

3 min  |

October 21, 2025

Business World Philippines

Maharlika says focus is on long-term investments amid calls to help stem stock rout

THE MAHARLIKA Investment Corps (MIC) focus remains on long-term investments, its chief said amid calls for its help to stabilize the Philippine stock market, which has been on a downtrend amid weak sentiment due to a widening corruption scandal that has threatened the country’s growth prospects.

2 min  |

October 21, 2025

Business World Philippines

House open to cutting standby fund but caution needed, lawmaker says

THE House of Representatives is open to cutting unprogrammed appropriations, a lawmaker said on Monday, but warned that some projects still require standby funding despite calls for proposed reductions.

2 min  |

October 21, 2025

Business World Philippines

Nexperia says Chinese unit operating as usual as tensions with the Netherlands run high

Nexperia said on Sunday that its employees in China still have access to company platforms and are receiving salaries as usual, a day after its China unit asserted that it had the right to operate independently of the Dutch parent.

2 min  |

October 21, 2025

Business World Philippines

Government fully awards T-bills as demand surges

THE BUREAU of the Treasury fully awarded Treasury bills at an auction on Monday as investors flocked to short-term debt amid expectations of further interest rate cuts from the Bangko Sentral ng Pilipinas (BSP) and US Federal Reserve.

2 min  |

October 21, 2025

Business World Philippines

Kering to sell beauty business to L'Oreal for $4.66 billion to cut debt, refocus on fashion

Gucci owner Kering said on Sunday it has agreed to sell its beauty business to L’Oréal for €4 billion ($4.66 billion), as new Chief Executive Officer (CEO) Luca de Meo moves to tackle the luxury group’s high debt and refocus on its core fashion business.

2 min  |

October 21, 2025

Business World Philippines

Business chamber says ICI needs subpoena powers in infra probe

THE PHILIPPINE Chamber of Commerce and Industry (PCCI) said the body investigating public works corruption lacks the subpoena powers to compel persons of interest to appear before it.

1 min  |

October 21, 2025

Business World Philippines

Work starts on NSCR's underground FTI station

CONSTRUCTION has commenced on an underground station of the North-South Commuter Railway (NSCR) in Bicutan, Taguig City, a member of the contracting joint venture for the station said.

1 min  |

October 21, 2025

Business World Philippines

Text, market access components of CEPA talks with Chile targeted for completion within the year

THE PHILIPPINES and Chile are hoping to conclude text-based and market access negotiations for a free trade agreement (FTA) within the year, the Department of Trade and Industry (DTI) said.

1 min  |

October 21, 2025

Business World Philippines

Groups ask Ombudsman to probe impeachment raps vs VP Duterte

A CITIZEN coalition on Monday filed a letter before the Office of the Ombudsman urging an investigation into allegations raised in the impeachment complaints against Vice-President Sara Duterte-Carpio over her alleged misuse of confidential and intelligence funds (CIF) and grave abuse of power.

1 min  |

October 21, 2025