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Business World Philippines
BIR misses collection target for VAT in first seven months
THE Bureau of Internal Revenue (BIR) said value-added tax (VAT) generated P467 billion in the first seven months, just under its collection target of P473.41 billion.
1 min |
September 16, 2025
Business World Philippines
Exporters say foreign buyers are raising concerns about corruption
FOREIGN BUYERS of Philippine products are beginning to raise concerns about corruption in Philippine government projects, the Foreign Buyers Association of the Philippines (FOBAP) said.
1 min |
September 16, 2025
Business World Philippines
Marcos vows full communities in housing push
PRESIDENT Ferdinand R. Marcos, Jr. on Monday vowed to accelerate state-backed housing projects, saying his administration would prioritize building “entire communities” with schools, markets and health facilities instead of bare shelters.
1 min |
September 16, 2025
Business World Philippines
Hurdler Robyn Brown eliminated in 400-meter hurdles in World Athletics Championships
HURDLER Robyn Brown followed pole vault ace EJ Obiena to the exits as she bowed out of the women’s 400-meter hurdles of the World Athletics Championships on Monday in Tokyo.
1 min |
September 16, 2025
Business World Philippines
Boracay power restored following Saturday outage
ELECTRICITY has been re-stored to Boracay Island and nearby towns after losing access to the grid over the weekend, the Department of Energy (DoE) said on Monday.
1 min |
September 16, 2025
Business World Philippines
Hoey settles for joint ninth in Procore Championship; Pagdanganan struggles in LPGA Kroger Queen City
RICO HOEY secured his third Top 10 finish of the 2025 PGA Tour but Bianca Pagdanganan bungled her golden opportunity in the LPGA as Philippine golfers experienced contrasting fates on Sunday.
1 min |
September 16, 2025
Business World Philippines
Proptech firm Lhoopa eyes doubling housing delivery in 2026
LHOOPA, INC., a property technology (proptech) startup, hopes to double the number of housing units it delivers to Filipino families in 2026 as demand for affordable homes continues to outpace supply, its chief executive officer (CEO) said.
1 min |
September 16, 2025
Business World Philippines
CREC switches on P10-B Batangas solar farm with battery storage
CITICORE Renewable Energy Corp. (CREC) has energized a P10-billion, 197-megawatt-peak solar farm in Batangas with battery storage, marking the company’s first large-scale attempt to deliver baseload-like power from solar.
1 min |
September 16, 2025
Business World Philippines
Manila urged to raise China concerns at UN General Assembly this month
THE PHILIPPINES should seize the opportunity to raise its concerns over Chinese actions in the South China Sea during the United Nations (UN) General Assembly in New York later this month, analysts said, as Beijing presses ahead with measures that undermine Manila’s claims in the contested waters.
2 min |
September 16, 2025
Business World Philippines
DA to get 90% of subsidized rice next year from farmers
THE DEPARTMENT OF AGRICULTURE (DA) would obtain 80-90% of rice for next year’s subsidized rice program from local farmers and the rest from imports, targeting 1.5 million metric tons (MMT) worth P29 billion, its chief told congressmen at a House of Representatives hearing on Monday.
3 min |
September 16, 2025
Business World Philippines
DPWH sacks 3 Bulacan officials over anomalous flood-control projects
THE DEPARTMENT of Public Works and Highways (DPWH) on Monday formally dismissed three officials of the Bulacan first district Engineering Office after finding them guilty of multiple administrative offenses linked to anomalous flood control projects.
1 min |
September 16, 2025
Business World Philippines
DM Wenceslao enters co-working market with Pasay hub AXS Aseana
LISTED property developer D.M. Wenceslao and Associates, Inc. (DMW) has entered the flexible workspace market with the opening of its first co-working hub in Pasay City, banking on rising demand for hybrid work arrangements.
1 min |
September 16, 2025
Business World Philippines
Alas Pilipinas faces tough Egypt in men’s volleyball world championship
ALAS Pilipinas knew it would need to climb a mountain to snatch that breakthrough victory in the FIVB Men's Volleyball World Championship.
1 min |
September 16, 2025
Business World Philippines
Trump administration seen again pushing deadline on TikTok sale or divestment
The Trump administration is expected to again extend a Sept. 17 deadline for China’s ByteDance to divest the US assets of short-video app TikTok or shut it down, a source familiar with the matter told Reuters.
2 min |
September 16, 2025
Business World Philippines
PHL shipbuilding hindered by lack of local suppliers — OECD
THE Philippine shipbuilding industry is being held back by the dearth of local suppliers of key marine equipment, driving up costs and downtime for shipyards, the Organisation for Economic Cooperation and Development (ECD) said in a report.
1 min |
September 16, 2025
Business World Philippines
BCCP sees two-way trade with PHL accelerating due to CPTPP
TRADE between the Philippines and the UK is expected to pick up this year, aided by the Philippines’ plan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the British Chamber of Commerce of the Philippines (BCCP) said.
1 min |
September 16, 2025
Business World Philippines
AMLC asks for additional budget to fund efforts against dirty money risks
THE Anti-Money Laundering Council (AMLC) is seeking an additional P162.9 million for their 2026 budget to fund their programs to combat “dirty money” and terrorism financing risks, including P23 million in intelligence funds to investigate and possibly prosecute these cases.
2 min |
September 16, 2025
Business World Philippines
PSEi slides to 6,000 level as market seeks leads
PHILIPPINE SHARES sank to the 6,000 level on Monday to hit a five-month low due to selling pressure amid a lack of leads, weak market sentiment, and lingering corruption concerns.
2 min |
September 16, 2025
Business World Philippines
'It feels like, almost, he's here': How AI is changing the way we grieve
DIEGO FELIX DOS SANTOS never expected to hear his late father’s voice again — until Al made it possible. “The tone of the voice is pretty perfect,” he says. “It feels like, almost, he’s here.”
4 min |
September 16, 2025
Business World Philippines
Digital terror threats are rising in Southeast Asia
INDONESIA hasn’t suffered a major terrorist attack in more than two years. But this calm is deceptive. The threat has shifted online, making it harder to detect, and potentially more insidious.
3 min |
September 16, 2025
Business World Philippines
SK Hynix readying HBM4 chips output to retain lead over rivals
SK Hynix said on Friday it has completed its internal certification process for next generation high-bandwidth memory 4 (HBM4) chips and established a production system for customers as it seeks to retain a lead over rivals.
2 min |
September 16, 2025
Business World Philippines
UP, La Salle are still the teams to beat in UAAP 88 basketball
IT’S University of the Philippines (UP), De La Salle University (DLSU) and everybody else.
3 min |
September 16, 2025
Business World Philippines
Peso declines vs dollar
THE PESO declined against the dollar on Monday after the United States urged its allies to impose tariffs on countries that are buying oil from Russia.
1 min |
September 16, 2025
Business World Philippines
Grab expands partnership with Alipay+, enabling in-app ride bookings
RIDE-HAILING superapp Grab has integrated its services into artificial intelligence (AI)-powered travel assistant Alipay+ Voyager, allowing users to book rides across Southeast Asia without downloading the Grab app.
1 min |
September 16, 2025
Business World Philippines
Eala heads home ahead of WTA 125 stint in the Jingshan Open in China
ALEXANDRA “ALEX” EALA will take a short breather at home before resuming her Women’s Tennis Association (WTA) Tour campaign next week in China following a stellar tour in Latin America.
1 min |
September 16, 2025
Business World Philippines
DoubleDragon retail bond offer ends oversubscribed
DOUBLEDRAGON CORP. (DD) said its P10.9-billion retail bond offering closed on Sept. 15 oversubscribed, after triggering the oversubscription option on the second day of the offer period.
1 min |
September 16, 2025
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 |