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Business World Philippines - May 12, 2026

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Bu sayıda

May 12, 2026

House vote sends VP Duterte to Senate impeachment trial

THE HOUSE of Representatives on Monday approved the articles of impeachment against Vice-President Sara Duterte-Carpio after 257 lawmakers voted in favor during plenary session at the Batasang Pambansa, formally sending the case to the Senate for trial.

2 mins

PPP Center says commitments 'intact' despite cost pressures

THE Public-Private Partnership (PPP) Center said infrastructure commitments under existing PPP projects remain intact despite rising global cost pressures linked to the conflict in the Middle East.

2 mins

Diesel prices set for nearly P10 rollback

MOTORISTS can expect a sharp rollback in diesel and kerosene prices this week, while gasoline prices are set to edge higher, amid easing global oil prices and ample domestic fuel inventories.

2 mins

Household spending growth seen slowing amid inflation, oil shock

HOUSEHOLD spending growth in the Philippines is expected to slow this year as elevated inflation, weak consumer confidence, and higher oil prices due to the Middle East conflict weigh on purchasing power, Fitch Solutions unit BMI said.

4 mins

FDI inflows slump 31% in February

NET INFLOWS of foreign direct investments (FDIs) into the Philippines declined by nearly 31% year on year in February, the Bangko Sentral ng Pilipinas (BSP) said.

3 mins

Luzon Economic Corridor admits more partners

THE LUZON Economic Corridor (LEC) partnership has been expanded to include Australia, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom, the US Embassy in the Philippines said on Monday.

2 mins

MRT-3 O&M privatization target set for next year

THE Department of Transportation (DoTr) said it hopes to privatize the operations and maintenance (O&M) functions of Metro Rail Transit Line 3 (MRT-3), with a target to award the contract by July 2027.

1 mins

EV adoption campaign seen facing affordability hurdles

THE campaign to promote the adoption of electric vehicles (EVs) as an alternative to internal combustion engine (ICE) cars is running up against affordability concerns and the dearth of charging infrastructure, according to Agile Data Solutions, Inc., a market research firm.

1 mins

PHL, Paraguay sign visa-waiver deal, explore agricultural trade prospects

THE PHILIPPINES and Paraguay agreed to explore expanded trade in agricultural goods, with the proposed exchange involving exports of tuna, sardines and milkfish, in exchange for grain, oilseeds and agro-industrial products.

1 mins

PHL, South Korea sign MoU to enforce competition law

THE Philippine Competition Commission (PCC) said it signed an agreement with the Korea Fair Trade Commission (KFTC) to boost the enforcement of competition law in both jurisdictions.

1 mins

PHL urged to step up pace of reforms before society ages

THE PHILIPPINES must pick up the pace of reforms to achieve high-income status before the rapidly ageing population erodes the economy’s growth potential, the Philippine Institute for Development Studies (PIDS) said.

2 mins

DA preparing for severe dry spell after forecast of 'strong' El Niño

THE Department of Agriculture (DA) said preparations are being put in place for what it called a potentially strong El Niño, citing the weather event's potential to reduce farm output and disrupt the food supply.

1 mins

Ayala gets $100-M sustainability-linked loan from DBS Bank

AYALA CORP. has signed a $100-million sustainability-linked loan with DBS Bank Ltd., marking the group’s first Singapore dollar-denominated hedged loan facility.

1 mins

Robinsons Land profit edges up on leasing growth

ROBINSONS LAND CORP. (RLC) posted a slight increase in first-quarter attributable net income, supported by steady growth in its leasing business and a rebound in residential project activity.

1 mins

Shell Pilipinas defends board selection after complaint before SEC

SHELL Pilipinas Corp. said it would address through the proper regulatory process concerns raised before the Securities and Exchange Commission (SEC) over the nomination of its independent directors, as questions emerged regarding board independence and shareholder influence before its annual stockholders' meeting.

2 mins

Top Line earmarks up to P440 million for depot expansion

TOP LINE Business Development Corp. is proceeding with its fuel depot expansion in Cebu despite the US-Israel war on Iran that has rattled global oil markets, with the company setting aside as much as P440 million for the project.

2 mins

The ‘firehose of falsehood’ in the boardroom: Navigating information risk as a strategic imperative

Every day, we hear about Artificial Intelligence (AI) driving disinformation and financial crimes.

6 mins

Mapping oil-gas dependence of countries, and Meralco’s Q1 income

Continued high oil and gas prices affect the cost of mobility and the various industrial and petrochemical products, down to fertilizers resulting in a higher cost of farming. Electricity generation can be somewhat insulated from very high prices for countries that rely more on coal, nuclear, hydro, geothermal, and other renewables.

3 mins

Sabotaging our public spheres and citizens

I write this piece, similar to some of my previous columns, in the aftermath of International Labor Day (May 1) and World Press Freedom Day (May 3).

3 mins

2GO, Ceres Liner team up for port shuttle services

2GO GROUP, INC. has partnered with Vallacar Transit, Inc., operator of the Ceres Liner bus network, to deploy shuttle services linking port terminals to key transport hubs as the logistics firm expands its integrated travel network.

1 mins

Final groundwork phase begins for Shang Bauhinia Residences

SHANG BAUHINIA Residences in Cebu has entered the final stage of excavation and soil protection works, Shang Properties Realty Corp. said in an April website post.

1 mins

Ayala targets productivity recovery with '15-minute city’ estate model

AYALALAND, INC. is scaling up its “15-minute city” framework across 53 sustainable estates to address the estimated P3-billion daily productivity loss in Metro Manila.

2 mins

Manila Water to build P450-million Rizal transmission pipeline

MANILA WATER Co., Inc. is set to build a P450-million transmission pipeline project aimed at supporting future water supply requirements in Rizal and nearby areas.

1 mins

ACEN advances Australia expansion with solar project in Pilbara region

ACEN CORP. is deepening its presence in Australia after securing financing for a 75-megawatt-alternating current (MWac) solar farm in Western Australia, marking a milestone for its partnership with an Indigenous group in the country.

1 mins

Long-term gains of Land Use bill seen despite near-term risks

THE PASSAGE of the long-over-due measure that will institutionalize land use planning could redefine the Philippine property landscape, with market analysts citing long-term benefits even as they warned of increased regulatory risks and higher compliance costs for developers.

2 mins

Alibaba to integrate Qwen AI with Taobao, launch agentic shopping

Alibaba is preparing to unveil the integration of its artificial intelligence (AI) platform Qwen and online marketplace Taobao, a move that seeks to drive shopping with conversations rather than keyword searches, according to a source familiar with the decision.

1 mins

Giorgio Armani considering selling 15% stake among L’Oreal, LVMH and EssilorLuxottica

Italian fashion house Giorgio Armani is considering selling a 15% stake in three equal parts following the designer’s death, potentially bringing in three buyers he had selected as shareholders, a newspaper reported on Sunday.

1 mins

Nintendo shares fall as price hikes, games shortfall spook market

Nintendo’s shares fell 7% in Tokyo on Monday after the company hiked Switch 2 prices and as the market frets over a lack of high-profile games to build momentum.

1 mins

Two test positive as evacuation of virus-hit cruise ship nears completion

Two people have tested positive for hantavirus after being evacuated from a luxury cruise ship hit by a deadly outbreak, health authorities said, as Spain prepared on Monday to evacuate and repatriate the last passengers remaining on the vessel.

2 mins

Taiwan confident in US ties but hopes for no ‘surprises’ from Trump’s China summit

Taiwan is confident in the stable development of its ties with the US but hopes there are no “surprises” on Taiwan-related issues when US President Donald J. Trump visits China this week, Foreign Minister Lin Chia-lung said on Monday.

2 mins

Trump rejects Iran’s response to peace plan as ‘unacceptable’

President Donald J. Trump's swift rejection of Iran’s response to a US peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed.

2 mins

Aguilar pack on active duty for playoff-bound Ginebra

JAPETH AGUILAR can breathe easy now that he's back on active duty for quarterfinal-bound Barangay Ginebra.

1 mins

Wolves win after Wembanyama ejected, even West semis series

ANTHONY EDWARDS scored 16 of his 36 points in the fourth quarter and the Minnesota Timberwolves took advantage of Victor Wembanyama’s ejection in the second quarter to post a 114-109 win over the San Antonio Spurs on Sunday night in Minneapolis and tie the Western Conference second-round series at two games apiece.

1 mins

New York Knicks rout Sixers, complete sweep

CLOSING OUT a playoff series is one of the toughest challenges in sports, but the red-hot New York Knicks are making it look easy.

2 mins

Eala bows to world No. 2 Rybakina in Italian Open

ALEXANDRA “ALEX” EALA’S run ended at the hands of world No. 2 Elena Rybakina of Kazakhstan, 6-4, 6-3, to crash out in the third round of the Internazionali BNL d'Italia (Italian Open) over the weekend at the Foro Italico Sports Complex in Rome.

1 mins

Tay Tung spiker Rhose Almendralejo to beef up NU Lady Bulldogs in UAAP Season 89

NATIONAL University (NU) will bank on a key reinforcement next year to stabilize a sinking ship on the heels of losing its foothold in the UAAP women's volleyball.

2 mins

French star Huby tops 141.4-km Stage 12 of MPTC Tour of Luzon

From a promising French star during his teenage years, Antoine Huby nearly lost his mind waiting for a team to call him for several months.

2 mins

Cayetano takes over as Senate ousts Sotto

THE Senate on Monday elected Senator Alan Peter S. Cayetano as its new Senate president, replacing Senator Vicente C. Sotto III, just as the House of Representatives votes to impeach Vice-President Sara Duterte-Carpio.

2 mins

Senator dela Rosa returns to Senate as ICC arrest looms

SENATOR Ronald “Bato” M. dela Rosa, who has been absent since November 2025, returned to the Senate on Monday, sending the chamber on lockdown as authorities moved for his arrest over his alleged links to extrajudicial killings.

4 mins

38 Filipinos in virus-hit cruise ship to undergo quarantine in Netherlands

THE Department of Migrant Workers (DMW) on Sunday evening said all 38 Filipino seafarers have tested negative for the hantavirus but will still undergo quarantine for six weeks in the Netherlands.

1 mins

T-bill yields rise amid US-Iran deadlock

THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday as yields climbed across all tenors with the United States and Iran still unable to forge a peace deal, which drove up oil prices anew and stoked inflation concerns.

3 mins

BPI’s green auto loans grow by 145%

BANK of the Philippine Islands’ (BPI) green auto loan portfolio more than doubled in 2025 amid increasing demand for sustainable mobility.

1 mins

VeritasPay looking to expand SME client base

VERITASPAY Philippines, Inc. looks to expand its merchant client base this year to help small businesses scale and meet evolving consumer expectations.

1 mins

Philippine stocks edge up on bargain hunting

PHILIPPINE STOCKS advanced on Monday as investors bought cheap shares after Friday’s drop while staying cautious amid lingering geopolitical concerns.

2 mins

US-Iran standoff drags peso back to P61 level

THE PESO sank back to the P6l-per-dollar level on Monday after the United States and Iran rejected each other's peace proposals.

2 mins

Asian shares mixed; dollar gains as Iran talks teeter

SYDNEY

2 mins

Peso’s falling trajectory defies rate hike expectations

THE PHILIPPINE PESO is likely to sink to new lows against the dollar as the country's outsized vulnerability to high energy costs offsets expected interest rate hikes, analysts said.

2 mins

Gold slides on oil-driven inflation fears; US-Iran peace talks falter

GOLD PRICES fell on Monday, as a lack of progress in US-Iran peace negotiations pushed oil prices higher, fueling concerns that elevated inflation could keep interest rates higher for longer.

1 mins

Oil jumps $4 after Trump rejects lran’s response to US peace plan

Crude oil prices rallied in Asia on Monday, a day after President Donald J. Trump said Iran’s response to a US proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.

1 mins

The return of White Party Manila

AMID RISING cases of human immunodeficiency virus (HIV) in the Philippines, film and events production company Mentorque Productions is bringing back the White Party Manila, an iconic Pride Month celebration that went into hibernation in 2014.

3 mins

Motown's Black women songwriters and producers were the invisible architects behind the pop music juggernaut

DURING the 1960s, in a country divided by racial strife, the music of Berry Gordy, Jr.'s Motown Records helped bring people together.

4 mins

Tüm Hikayeleri Oku Business World Philippines

Business World Philippines Description:

Yayımcı: Philstar-Daily-Inc.

Kategori: Newspaper

Dil: English

Sıklık: Daily

BusinessWorld, the country’s leading business newspaper represents five decades of professional economic journalism. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper. BusinessWorld considered a standard of fairness, credibility and integrity in the journalistic world. Today, the business paper comes out Mondays through Fridays (with a Saturday exclusive online edition) with a national circulation of 151,000 as of 2016.