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1861 articles from BusinessWorld
THE Philippine Military Academy (PMA) secured P379.48 million in funding for its Modern Warfare Laboratory as part of the Philippine Amusement and Gaming Corp.’s (PAGCOR) support for military modernization. In a statement sent over the weekend, PAGCOR said the funding was obtained from Bloomberry Cultural Foundation, Inc. (BCFI) on July 10. The project involves the […]
Read more →BAGUIO CITY — Baguio City has recorded 41 confirmed coronavirus disease 2019 (COVID-19) cases so far this year, with Mayor Benjamin B. Magalong saying the city has seen a noticeable increase in infections since May but stressing that the situation remains under control. Mr. Magalong said the circulating virus is still COVID-19 and that nearly […]
Read more →AND the Filipina tennis rockstar is back home. Following her breakout campaign in the grand grasses of Wimbledon, Alexandra “Alex” Eala on Sunday returned to the Philippines in a hero’s welcome as she’s set for a short stay to meet fans before flying to the United States for the hardcourt swing. “Is this really all […]
Read more →The country’s first charity bone marrow transplant unit was opened at the Philippine General Hospital (PGH) on Friday, aiming to help Filipinos with blood-related diseases gain better access to the typically high-cost procedure. The facility makes PGH the country’s first public hospital to offer bone marrow transplantation, a treatment that was previously available only in […]
Read more →Living sustainably doesn’t have to happen overnight. In fact, the most lasting changes often begin with small, intentional steps. As more individuals and families seek to reduce their environmental impact, building a roadmap toward a greener lifestyle makes the journey more manageable and more meaningful. The first step is awareness, understanding how everyday choices affect […]
Read more →The Department of Education (DepEd) on Friday said it has strengthened its project monitoring framework as it partners with 168 local government units (LGUs) to construct classrooms nationwide. “We are working tirelessly to ensure these classrooms are built with efficiency and transparency as this infrastructure is the bedrock of a quality learning environment,” Education Secretary […]
Read more →By Katherine K. Chan, Reporter Net inflows of foreign direct investments (FDI) in the Philippines plunged to a near 10-year low of $250 million in April, as heightened global uncertainty dented investor sentiment, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Based on central bank data released on Friday, FDI net inflows declined […]
Read more →The University of the Philippines (UP) on Friday said construction of its ‘low-cost’ rental housing project will begin later this year despite residents’ concerns over displacement and demolition. “The University has a legal duty to protect and utilize its land for the UP community,” the academic institution said in a statement. “UP can not turn […]
Read more →Defense Secretary Gilberto C. Teodoro Jr. said on Friday that the Philippines should increase defense spending to between 2% to 4% of gross domestic product (GDP) to strengthen its military capabilities and maritime security, as the government prepares to expand maritime patrols and receive additional defense assets. Mr. Teodoro said that the government would need […]
Read more →By Beatriz Marie D. Cruz, Senior Reporter THE United States has identified its Pax Silica-related initiatives in the Philippines as one of its top priorities, with Manila looking to generate hundreds and thousands of jobs from a “generational investment,” the Department of Finance (DoF) said. Finance Secretary Frederick D. Go, who met with US Ambassador […]
Read more →The Manila Electric Co. (Meralco) raised electricity rates for July by P0.3428 per kilowatt-hour (kWh), with higher generation costs accounting for more than half of the increase following the scheduled shutdown of the Malampaya gas field, higher fuel costs, and firmer Wholesale Electricity Spot Market (WESM) prices. In a statement on Friday, Meralco said the […]
Read more →The Sandiganbayan Fifth Division denied detained Senator Jose “Jinggoy” P. Ejercito Estrada’s request to attend the Senate impeachment trial of Vice President Sara Duterte-Carpio, ruling that his participation as a senator-judge was incompatible with his status as a detention prisoner and did not constitute a compelling ground for temporary leave from detention. In a seven-page […]
Read more →Intense rainfall and strong winds are expected across several areas of the country due to the combined effects of Typhoon Bavi (local name Inday) and the enhanced southwest monsoon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday. The weather bureau hoisted storm wind signal No. 2 over Batanes, the eastern […]
Read more →LEONARDO CUARESMA remembers when a day at Scarborough Shoal almost guaranteed a full catch. Nearly a decade after the Philippines won an international arbitration case against China, the 60-year-old fisherman says that promise remains out of reach as Chinese vessels continue to keep Filipino boats away from one of their richest traditional fishing grounds. “The […]
Read more →THE DEVELOPMENT Budget Coordination Committee (DBCC) trimmed its tax revenue projections for this year, as it cut the Bureau of Internal Revenue (BIR) target by 1% amid expectations of slower economic growth. Data from the DBCC showed it cut its overall revenue projection for 2026 by 0.33% to P4.807 trillion, equivalent to 15.78% of gross […]
Read more →THE PHILIPPINES has secured a $60-million (around P3.7-billion) grant from the US Millennium Challenge Corp. (MCC) to support reforms aimed at improving energy security, electricity sector governance, and the investment climate, the Department of Finance (DoF) said. In a statement on Thursday, the Finance department said the country was selected for the MCC Threshold Program, […]
Read more →SM PRIME HOLDINGS, Inc. has expanded its South Road Properties (SRP) estate in Cebu City with the opening of the P7-billion SM Seaside Cebu Arena, which the company said marks the next phase of its integrated development in the area. The property developer formally introduced the arena to trade, industry, and corporate partners on Thursday. […]
Read more →THOSE who grew up in the 1990s will remember Pokémon fondly, whether the trading cards, the video games, or the animé. Pikachu and the rest of the adorable, fighting “pocket monsters” established themselves as a fixture on both Game Boy and television screens, and haven’t left the pop culture consciousness since. Back at the beginning, […]
Read more →THE Court of Tax Appeals (CTA) En Banc upheld two First Division rulings granting Petron Corp. partial refunds of excise taxes on petroleum products sold to tax-exempt entities after denying separate appeals filed by the oil company and the Commissioner of Internal Revenue (CIR). In two separate decisions, both promulgated on July 2, the tax […]
Read more →BDO UNIBANK, Inc. wants to raise up to P5 billion via its second ASEAN Sustainability Bond issuance for the year, it said on Thursday. The Sy-led bank on Thursday began an offering of 1.5-year bonds with a coupon rate of 6.26% per annum, it said in a disclosure to the stock exchange. The offer period […]
Read more →DEL MONTE PACIFIC LTD. (DMPL) said management’s assessment that the group can continue operating is supported by the performance of its Philippine business, continued access to revolving credit facilities, and ongoing debt restructuring efforts. The company made the statement in a disclosure posted on the Philippine Stock Exchange (PSE) on Thursday in response to queries […]
Read more →THE 22nd edition of the Cinemalaya Independent Film Festival is set to screen full-length and short films once more at the Shangri-La Plaza mall in Mandaluyong City. It will also bring back talkbacks, book launches, and the Philippine Premiere section, where newly made films will make their screen debut.
Read more →RAZON-LED International Container Terminal Services, Inc. (ICTSI) has completed the acquisition of Brazil-based general and bonded warehousing and multimodal logistics company Companhia Regional de Armazéns Gerais e Entreposto Aduaneira (CRAGEA) through its unit IRB Holdings Ltda., expanding its logistics business in Brazil. In a regulatory filing on Thursday, the listed port operator said all conditions […]
Read more →ARANETA CITY in partnership with the Quezon City Government gives the spotlight to food, crafts, fashion, home essentials, and other unique finds from Quezon City’s micro, small, and medium enterprises at the Quezon City MSME Week 2026 Trade Fair which is ongoing until July 10 at the Activity Area, Upper Ground Floor, Gateway Mall 1.
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