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1861 articles from BusinessWorld
POLICE and military units are prepared to secure the Bangsamoro Autonomous Region in Muslim Mindanao’s (BARMM) first parliamentary elections on Sept. 14, officials said on Tuesday. The Commission on Elections has printed 2.3 million ballots for the elections across five provinces and three cities. The Police Regional Office-Bangsamoro Autonomous Region and the Western Mindanao Command […]
Read more →PHILIPPINE SHARES slid on Tuesday to end a four-day winning streak as investors locked in gains from the market rally, with fresh inflation risks due to the peso’s weakness and fuel price hikes amid tensions in the Gulf dampening sentiment. The Philippine Stock Exchange index (PSEi) fell by 1.27% or 81.92 points to close at […]
Read more →A PHILIPPINE Army soldier from Kalinga was killed in a clash with suspected communist rebels in Abra during pursuit operations against remnants of an insurgent group, the military said on Tuesday. Corporal Drexler Gumayat, 34, of the Army’s 50th Infantry Battalion, was fatally wounded in a firefight on July 20 in Tineg, a day after […]
Read more →THE Department of Energy (DoE) said the upcoming State of the Nation Address (SONA) will guide near-term energy policy as renewed fighting in the Persian Gulf threatens to put pressure on oil prices once more. “Hopefully (President Ferdinand R. Marcos, Jr.) can give us a directive on what we need to do so we won’t […]
Read more →THE Samahang Industriya ng Agrikultura (SINAG) said the government needs to restore tariff protections for rice, corn, pork, and chicken and is hoping President Ferdinand R. Marcos, Jr. will adopt such policies in his fifth State of the Nation Address (SONA) on July 27.
Read more →THE PHILIPPINES has emerged as one of the world’s most attractive destinations for foreign retirees, ranking 8th on the 2026 Rumavi Global Relocation Index.
Read more →THE Philippine Statistics Authority (PSA) will serve as the central repository of foreign direct investment (FDI) data following a new information-sharing agreement with the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). The three agencies signed a memorandum of agreement (MoA) on Monday establishing a framework for the secure sharing of […]
Read more →SM Active Hub recently concluded its first-ever Pickleball Trio Challenge with an adrenaline-fueled Grand Finals held on July 12, 2026 at SM Pickleball, Four E-Com Center MOA Complex in Pasay City bringing together the tournament’s top qualifying teams. Featuring a unique three-player team format, the tournament fostered strategic team play and elevates the level of competition. Teams competed in the DUPR 9 and DUPR 11 divisions, […]
Read more →By Katherine K. Chan, Reporter The Philippines’ balance of payments (BoP) surplus widened to over $3 billion in June, which helped significantly narrow the BoP deficit in the first half of the year, central bank data showed. Based on Bangko Sentral ng Pilipinas (BSP) data released late on Monday, the country’s BoP position remained at […]
Read more →THE PHILIPPINES might continue to struggle to attract foreign direct investment (FDI) for the remainder of 2026 as lingering geopolitical risks and domestic governance concerns keep investors cautious, analysts said.
Read more →THE PHILIPPINES recorded the highest electricity rate among its Southeast Asian peers in June, as the country relied on more expensive power plants to offset supply gaps caused by plant shutdowns in the Visayas, according to the Department of Energy (DoE).
Read more →PHILIPPINE COMPANIES expect to raise salaries by a median of 5.1% in 2027, slightly higher than the 5% average increase this year, as employers balance rising costs with the need to retain talent, according to a survey by advisory firm WTW Plc. “In the Philippines, employers are taking a more deliberate approach to compensation planning […]
Read more →THE DEPARTMENT of Energy (DoE) urged oil companies to stagger this week’s double-digit pump price hikes, with diesel and kerosene prices expected to climb by more than P10 per liter. Starting Tuesday (July 21), gasoline prices will rise by up to P3.65 per liter, while diesel will jump by as much as P10.68 per liter, […]
Read more →PHILIPPINE AIRLINES (PAL) has signed a memorandum of understanding (MoU) with Boeing Co. to acquire up to 20 Boeing 787-10 Dreamliner aircraft as part of the flag carrier’s fleet modernization program. The agreement, announced on Monday at the Farnborough International Airshow in the United Kingdom, covers 15 aircraft, with options for five more. PAL expects […]
Read more →COL FINANCIAL Group, Inc. said the bellwether Philippine Stock Exchange index (PSEi) could reach 7,500 by yearend if the market’s price-to-earnings (P/E) ratio expands to about 12 times from around nine times currently, reflecting stronger investor confidence.
Read more →A BROWN Company, Inc. has completed its P2.3-billion investment in two wind farm projects of Alternergy Holdings Corp. in Rizal and Quezon, acquiring a 40% equity stake in each project. In a statement on Monday, Alternergy said the two-phase transaction was completed ahead of the agreed schedule after A Brown decided to complete its investment […]
Read more →THE GOVERNMENT made a full award of the short-term securities it offered on Monday with mixed yields as more supply was available, with the Treasury selling cash management bills (CMB) again after two weeks amid heightened market volatility due to fresh clashes in the Middle East. The Bureau of the Treasury (BTr) raised a combined […]
Read more →PHINMA CORP. said its education unit is exploring expansion opportunities in Davao and Cebu as it seeks to grow its education business. “We have always had an aspiration to have a school in Davao, and we also want a school that can target the lower-income population in the Cebu area,” PHINMA Corp. Chairman and Chief […]
Read more →THE PESO depreciated against the dollar on Monday to end a three-day climb as the intensifying Middle East war drove up global crude oil prices, raising fresh inflation risks. The currency declined by 9.9 centavos to close at P61.686 per dollar from P61.587 on Friday, based on data on the Bankers Association of the Philippines’ […]
Read more →THE Court of Tax Appeals (CTA) has canceled the Bureau of Internal Revenue’s (BIR) P212.48-million deficiency tax assessment against San Roque Power Corp., ruling that its ancillary service revenues were subject to the zero-percent value-added tax (VAT) rate and that payments to a Japanese contractor for services performed abroad were not subject to Philippine withholding […]
Read more →TIGHTER ECONOMIC CONDITIONS dampened demand for cash last year, with the growth of banknote and coin withdrawals slowing sharply, data from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP’s 2025 Annual Report showed that banks’ withdrawals of banknotes from the central bank rose by 6.2% to P1.568 trillion in terms of value last year […]
Read more →THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) has tightened post-shutdown requirements for gaming system administrators (GSAs), requiring them to remain liable for unsettled player funds even after their platforms are deactivated. In a memorandum dated July 13, PAGCOR said GSAs must complete applicable post-operational activities within 90 days from the issuance of a notice approving […]
Read more →Early in my career, I learned that the most valuable thing a company owns rarely appears on its balance sheet. It is not the office or the equipment. It is the idea, the brand, the method, the story, the things competitors cannot copy and clients cannot get anywhere else. (It is also, to the quiet […]
Read more →SPORTS and leisure equipment manufacturer Technogym, which also supplies the Olympics’ official fitness equipment, is showcasing its products at a pop-up in Power Plant Mall in Makati City. Established in 1983, the Italian brand prides itself in being “designed for modern living.” It has been in the Philippines since 2009, mainly supplying wellness and fitness […]
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