Newspaper
Business World Philippines
For the first time, more central banks are set to shrink dollar holdings, survey finds
More of the world’s central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the US currency rise, an OMFIF survey of public investors released on Tuesday showed.
2 min |
July 01, 2026
Business World Philippines
Banks' FCDU loans slip as of March
OUTSTANDING LOANS granted by banks' foreign currency deposit units (FCDU) went down at end-March as loans to nonresidents dropped, data from the Bangko Sentral ng Pilipinas (BSP) showed.
2 min |
July 01, 2026
Business World Philippines
BSP expects June inflation at 6-7%
PHILIPPINE INFLATION likely accelerated to as high as 7% in June, as rising electricity rates and higher vegetable prices offset declines in oil and other key food items, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
3 min |
July 01, 2026
Business World Philippines
Metro Manila gets P85 daily wage hike
THE DAILY minimum wage in Metro Manila will increase to P780 by January 2027 after the Regional Tripartite Wages and Productivity Board-National Capital Region approved an P85 increase to be implemented in two phases, Labor Secretary Francis N. Tolentino announced on Tuesday.
3 min |
July 01, 2026
Business World Philippines
Slowing remittance growth seen to weigh on consumption
HOUSEHOLD CONSUMPTION in the Philippines could moderate even more as remittance growth slows amid the conflict in the Middle East, according to ING Bank NV.
2 min |
July 01, 2026
Business World Philippines
Trade deficit balloons in May as imports jump
THE Philippines’ trade-in-goods deficit widened to $5.48 billion in May from a year ago, as imports grew faster than exports, according to the statistics agency.
1 min |
July 01, 2026
Business World Philippines
PHL posts net hot money inflow in May
FOREIGN portfolio investments (FPI) yielded a net inflow in May following two straight months of outflows amid improving risk appetite, preliminary central bank data showed.
2 min |
July 01, 2026
Business World Philippines
Expanding access, redefining competition
The passage of Republic Act No. 12234, or the Konektadong Pinoy Act (KPA), together with its Implementing Rules and Regulations (IRR), marks a significant shift in how the Philippines approaches digital infrastructure.
3 min |
July 01, 2026
Business World Philippines
Energy security requires investment beyond power generation
The Energy Regulatory Commission (ERC) is expected to release the next rate reset ruling under its updated regulatory framework for power distribution.
3 min |
July 01, 2026
Business World Philippines
Senate ready for Sara’s impeachment trial as preparations enter final phase
THE Senate is ready for the impeachment trial of Vice-President Sara Duterte-Carpio, Senate President Sherwin T. Gatchalian said on Tuesday, as preparations entered the final stage with the inspection of security arrangements and the venue of the trial, which starts on July 6.
2 min |
July 01, 2026
Business World Philippines
Returning Jimmy Alapag braces for Road Warriors’ deeper run in PBA playoffs
BUILD on the gains from the previous PBA Commissioner’s Cup and forget about the quarterfinals bust.
1 min |
July 01, 2026
Business World Philippines
China emerges as winner from Hormuz crisis
The war in Iran and the effective closure of the Strait of Hormuz have inflicted deep economic pain on many countries and sent some industries into a tailspin as they struggled with higher prices for energy, fertilizer and chemicals.
4 min |
July 01, 2026
Business World Philippines
NBCUniversal may enter video game business after Comcast split
NBCUNIVERSAL is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spin-off from Comcast, according to three people with direct knowledge of the matter.
1 min |
July 01, 2026
Business World Philippines
Metro Pacific Health expands to 31 hospitals with Batangas deal
METRO PACIFIC Health Corp. (MPH), the healthcare arm of Metro Pacific Investments Corp. (MPIC), has completed its investment in First United 23, Inc., the operator of two hospitals in Batangas, expanding its nationwide network to 31 hospitals.
1 min |
July 01, 2026
Business World Philippines
EDSA protest disrupts traffic; Marcos cancels events
A SURPRISE protest that snarled traffic along Epifanio de los Santos Avenue (EDSA) on Tuesday after the Ombudsman announced a nonbailable plunder case against a sitting senator forced President Ferdinand R. Marcos, Jr. to cancel public engagements and heightened political tensions days before Vice-President Sara Duterte-Carpio’s impeachment trial.
1 min |
July 01, 2026
Business World Philippines
Apple iPhone 18 Pro component and supplier list, parts and photos exposed in Indian Tata Electronics data leak
Sensitive lists of components and suppliers, and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by a ransomware group that stole data from the US firm’s Indian supplier Tata Electronics, according to documents and a source.
1 min |
July 01, 2026
Business World Philippines
Long-term solution to El Niño
Once again, the Philippines — together with all the economies along the Pacific Rim — are faced with the threat of El Niño, the natural climate phenomenon that occurs when the surface waters of the central and eastern Pacific Ocean become unusually warm for an extended period.
3 min |
July 01, 2026
Business World Philippines
Gold slides as ME tensions spark inflation, rate hike fears
GOLD PRICES fell on Monday as fresh US-Iran tensions lifted oil prices and sparked fears of inflation, bolstering expectations of higher interest rates.
1 min |
July 01, 2026
Business World Philippines
SEC, Mynt, Fuse partner on financial literacy campaign
THE Securities and Exchange Commission (SEC), Mynt, Inc., and Fuse Financing, Inc. have signed a memorandum of understanding (MoU) to collaborate on financial literacy, responsible borrowing, and consumer protection initiatives.
1 min |
July 01, 2026
Business World Philippines
Meralco sees core profit topping P50.6B this year on power, retail supply growth
MANILA ELECTRIC Co. (Meralco) expects its full-year earnings to surpass last year’s record core net income of P50.6 billion, driven by higher electricity sales, growing contributions from its power generation business, and continued expansion of its retail electricity supply (RES) operations.
2 min |
July 01, 2026
Business World Philippines
Startup to launch work platform for older Filipinos
A PHILIPPINE STARTUP is launching a mobile job platform that connects middle-aged and older Filipinos with employers, seeking to expand work opportunities for experienced workers as the country pushes more inclusive hiring.
1 min |
July 01, 2026
Business World Philippines
Aboitiz Power Corp. energizes 92.55-MWp Pangasinan solar farm
ABOITIZ POWER CORP. (AboitizPower) has energized its 92.55-megawatt-peak (MWp) San Manuel Solar Power Plant in Pangasinan, expanding its renewable energy portfolio and adding capacity to the Luzon grid.
1 min |
July 01, 2026
Business World Philippines
Century Pacific stands by P8-9B capex amid headwinds
CENTURY PACIFIC FOOD, Inc. (CNPF) is maintaining its P8-billion to P9-billion capital expenditure (capex) program this year despite weaker consumer confidence, higher operating costs, and geopolitical uncertainties, as the listed food manufacturer bets on sustained demand for affordable food and continued strength in its export business.
2 min |
July 01, 2026
Business World Philippines
Impact of fertilizer crisis to start showing up in global harvests by 2027, OECD, FAO say
THE fertilizer shortage caused by the Persian Gulf war will start showing up in crops by 2027, the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) said.
1 min |
July 01, 2026
Business World Philippines
House resumes hearings on wage hike bills
THE Department of Labor and Employment on Tuesday defended the country’s regional wage-setting system as the House of Representatives Labor and Employment Committee resumed hearings on bills seeking legislated minimum wage increases.
1 min |
July 01, 2026
Business World Philippines
Arthaland Corp. bets on premium residential recovery with Makati launch
ARTHALAND CORP. is betting on a recovery in the premium residential market as it launched Sondris, a luxury condominium development in Makati in partnership with Mitsui Fudosan (Asia), extending a collaboration that has spanned more than a decade.
1 min |
July 01, 2026
Business World Philippines
A year after USAID shutdown, Americans still back foreign development aid, poll shows
A year after the Trump administration dismantled the US Agency for International Development (USAID), most Americans still support foreign aid to provide disaster relief, prevent disease outbreaks and improve security, according to a new poll commissioned by the Rockefeller Foundation and released on Tuesday.
2 min |
July 01, 2026
Business World Philippines
Oil settles up on US-Iran strikes; cautious shipping hope caps gains
Crude oil prices settled up more than 1% on Monday after attacks by the US and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.
1 min |
July 01, 2026
Business World Philippines
Wall St. ends higher as major tech-related shares jump
US STOCKS ended sharply higher on Monday, with the Dow hitting a record closing high, as weekend hostilities between the United States and Iran eased and as major technology-related shares rose following recent selling.
1 min |
July 01, 2026
Business World Philippines
Australian treasurer says alleged access of prime minister's bank data 'incredibly concerning'
Australian Treasurer Jim Chalmers said on Tuesday a report that two Ernst & Young (EY) employees on temporary assignment at Commonwealth Bank of Australia (CBA) allegedly accessed Prime Minister (PM) Anthony Albanese’s personal banking details was “incredibly concerning.”
1 min |