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BancNet passes global data security standard for 10th year in a row

Business World Philippines

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December 04, 2025

ELECTRONIC BANKING and payment network BancNet recently achieved another significant milestone by being certified compliant with the latest version of the Payment Card Industry Data Security Standard (PCI DSS v4.0.1), one of the highest data security standards in the financial sector worldwide.

BancNet once again passed the rigorous assessment and met the rigid requirements of PCI DSS, making this the 10" straight year that BancNet achieved this feat.

MEER VERHALEN VAN Business World Philippines

Business World Philippines

Business World Philippines

Regulator upholds fine vs NOW Corp.

THE SECURITIES and Exchange Commission (SEC) En Banc has denied the appeal of NOW Corp., upholding an earlier P1-million fine for a securities law violation related to market disclosure.

time to read

1 mins

February 10, 2026

Business World Philippines

Nonbanks’ domestic claims rise

NONBANK FINANCIAL FIRMS’ domestic claims rose as of the third quarter of 2025 amid higher claims from depository firms, the central government, and other sectors, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

time to read

2 mins

February 10, 2026

Business World Philippines

PAL expands aircraft support partnership with Airbus

PHILIPPINE AIRLINES (PAL) has expanded its partnership with European aircraft manufacturer Airbus SE after signing an extended Flight Hour Services (FHS) agreement covering fleet maintenance and operational support.

time to read

2 mins

February 10, 2026

Business World Philippines

Japan’s ‘Iron Lady’ Takaichi forges historic election win

Japanese Prime Minister Sanae Takaichi’s coalition swept to a historic election win on Sunday, paving the way for promised tax cuts that have spooked financial markets and military spending aimed at countering China.

time to read

3 mins

February 10, 2026

Business World Philippines

National Revenue Authority touted as possible BIR, BoC replacement

THE overhaul of the government's main revenue agencies must be revisited, particularly the consolidation of the bureaus of Customs and Internal Revenue into a National Revenue Authority (NRA), a former Finance department official said.

time to read

1 mins

February 10, 2026

Business World Philippines

India gov’t drops small car concession in new fuel emission rules

India has scrapped a planned concession for small cars in upcoming fuel-efficiency rules after automakers including Tata Motors and Mahindra & Mahindra argued it would benefit only one company, a government document shows.

time to read

2 mins

February 10, 2026

Business World Philippines

Banks' outlook still stable — Moody's

THE PHILIPPINE BANKING system remains stable as its steady profitability, funding and liquidity, as well as strong capital position can help temper potential asset quality risks from the rise in retail loans and the economic fallout from an ongoing corruption probe, Moody's Ratings said.

time to read

2 mins

February 10, 2026

Business World Philippines

Bad Bunny turns Super Bowl halftime into Puerto Rican love letter with a Lady Gaga surprise

Bad Bunny transformed Levi's Stadium into a vibrant homage to Puerto Rico during Sunday’s Super Bowl halftime show, delivering a high-energy journey through the island’s culture complete with a surprise appearance by Lady Gaga and a tribute from reggaeton pioneer Daddy Yankee.

time to read

2 mins

February 10, 2026

Business World Philippines

Leading China critic Jimmy Lai sentenced to 20 years in jail after Hong Kong security trial

Hong Kong’s most vocal China critic, media tycoon Jimmy Lai, was sentenced on Monday to 20 years in jail, ending the city’s biggest national security case which drew international concern about the city’s freedoms and autonomy.

time to read

2 mins

February 10, 2026

Business World Philippines

What to expect after lifting of audit suspension

On Jan. 27, the Bureau of Internal Revenue (BIR) officially announced the lifting of its audit freeze, signaling the resumption of full audit and enforcement activities with the issuance of Revenue Memorandum Order No. 001-2026.

time to read

3 mins

February 10, 2026

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