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PHL unlikely to see big impact from Trump tariffs - BusinessWorld Online
THE PHILIPPINES is unlikely to be impacted by US President Donald J. Trump’s tariff plans, S&P Global Ratings said, but warned this could change if service exports are also targeted. “Thankfully for the Philippines, the export component of the economy is not large. The Philippines’ economy is mostly domestic and driven by consumption as well. […]
CALAX Governor’s Drive Interchange launch moved to 2nd half - BusinessWorld Online
MPCALA HOLDINGS, Inc., a unit of Metro Pacific Tollways Corp. (MPTC), said it remains committed to opening the full stretch of the Cavite-Laguna Expressway (CALAX) within the year, although the expected opening of the Governor’s Drive Interchange has been pushed back to the second half. “We are committed to completing the entire stretch of CALAX […]
Philippines slips to 53rd in Soft Power Index 2025 - BusinessWorld Online
The Philippines fell a notch to 53rd out of 193 nations in the 2025 edition of the annual Global Soft Power Index by brand valuation consultancy firm Brand Finance. The Philippines had an overall score of 39.9 out of 100, a tad higher than a year earlier. The index measures “soft power” — the ability […]
DBP’s net earnings rise 20% to P7.1 billion - BusinessWorld Online
THE DEVELOPMENT BANK of the Philippines’ (DBP) net profit climbed by 20% year on year to P7.1 billion in 2024 on increased lending. The state-run bank’s 2024 net income was the highest in the past 10 years, it said in a statement on Thursday. This was likewise well above its P5.5-billion profit target for the […]
Cebu Landmasters JV to develop mixed-use project - BusinessWorld Online
CEBU Landmasters, Inc. (CLI) has secured approval from the Securities and Exchange Commission (SEC) to establish a joint venture (JV) company with Martinez Agricultural Corp. (MAC) for a mixed-use project in midtown Cebu. The JV company, CLI MAC Developers, Inc., will develop properties into a mixed-use project featuring residential condominiums and a retail component, CLI […]
Rekindling the Philippines’ memory of the war - BusinessWorld Online
CHILDREN of the War is a documentary film about survivors of the Battle of Manila, now in their 80s and 90s, as they recount the harrowing experiences they lived through as children and teenagers who witnessed the most brutal urban battle of the Pacific War.
Metrobank books record P48-B net profit in 2024 - BusinessWorld Online
METROPOLITAN BANK & TRUST Co. (Metrobank) saw its net income increase by 13.97% to a record P48.14 billion last year as its assets continued to expand. The bank’s attributable net profit was up from P42.24 billion in 2023, its financial statement disclosed to the stock exchange on Thursday showed. This translated to a return on […]
CA finds due process lacking in ‘unjust’ dismissal - BusinessWorld Online
THE Court of Appeals (CA) has ruled in favor of a former employee of a logistics company, declaring her dismissal illegal and reversing a prior decision by the National Labor Relations Commission (NLRC). In a decision posted on Feb. 17, the appellate court’s thirteenth division ruled that JRS Business Corp. (JRS) failed to establish just […]
CIMB Bank PH expects to double profit this year - BusinessWorld Online
CIMB BANK Philippines, Inc. (CIMB Bank PH) expects to double its profit this year as it looks to launch new features and services on its platform. “We expect to double [our profit] in 2025 from 2024. So, the growth trajectory will still be quite strong. And as the business matures, we would be able to […]
Stuff to Do (02/21/25) - BusinessWorld Online
Take a rubbercut printmaking workshop FOR the first in a series of printmaking workshops hosted by The M, a collection of contemporary prints serves as the inspiration for the Rubbercut Printmaking Workshop. The workshop will be facilitated by Ambie Abaño, a multi-awarded Filipino artist, printmaker, and board member of the Philippine Association of Printmakers. The […]
Memorare to honor 100,000 WWII war-dead - BusinessWorld Online
By Joan Orendain WREATHS will be laid, and taps resound through Intramuros, when Memorare Manila 1945 commemorates 29 deadly days in February 1945. From Feb. 3 to March 3, 1945, 100,000 non-combatants died from Japanese atrocities: infants were tossed in the air and caught impaled on bayonets. Homes with their inhabitants locked within, were doused […]
EastWest Bank sees net income climb to all-time high of P7.6B - BusinessWorld Online
EAST WEST Banking Corp. (EastWest Bank)’s net profit rose by 25% year on year to an all-time high of P7.6 billion in 2024 on the back of its core businesses. The bank’s earnings performance last year was driven by “strong consumer loan expansion and robust deposit generation,” it said in a disclosure to the stock […]
AboitizPower shutting down aging Naga power plants - BusinessWorld Online
ABOITIZ POWER Corp. (AboitizPower) said it will shut down two fossil fuel power plants in Naga City, Cebu, with a combined capacity of 45.08 megawatts (MW). Therma Power-Visayas, Inc. (TPVI) will decommission its 44.64-MW Naga Oil-Fired Power Plant and 0.44-MW Black Start Diesel Engine Generating Unit, both located at the Naga Power Plant Complex, AboitizPower […]
AboitizPower aims to sustain momentum in 2025 - BusinessWorld Online
Aboitiz Power Corporation (AboitizPower) expects continued progress in 2025, bolstered by its business and operational achievements last year, which saw developments in its ambitious program to grow its renewable energy fleet by three times by 2030. “AboitizPower remains focused on delivering operational excellence in its power plants, developing a pipeline of new energy capacity, and […]
CEB to launch Ho Chi Minh flights from Cebu by April - BusinessWorld Online
CEBU PACIFIC (CEB) is set to introduce direct flights between Ho Chi Minh City and Cebu by the second quarter, the budget carrier announced on Thursday. “As Vietnam continues to grow in popularity among Filipino travelers, launching a new gateway to the country via Ho Chi Minh City is an exciting step for Cebu Pacific,” […]
Making HR a profit center - BusinessWorld Online
THE first thing to do is to define and measure every important aspect of HR. If you can’t count the numbers, then it follows that you can’t manage HR. It’s a derivative of the famous line of Peter Drucker (1909-2005) who said: “You can’t manage what you can’t measure.” But first, you’ll have to focus on what’s important to your top management and the whole organization.
Trolling feels like a new phenomenon. But it existed long before the internet - BusinessWorld Online
Trolling on the internet looks and feels like a new phenomenon. Abuse can rain down on a target instantly and from everywhere, in quantities never before seen. But as David Rudrum’s engaging book on the history of trolling shows, the desire to hurt or distract another with words goes back a very long way. The […]
Figaro Coffee Group rebrands as Figaro Culinary Group to expand offerings - BusinessWorld Online
FIGARO COFFEE Group, Inc. is changing its name to Figaro Culinary Group, Inc. as it expands its brand identity. The Securities and Exchange Commission (SEC) approved the name change on Feb. 18, Figaro said in a regulatory filing on Thursday. “The board has determined that it is in the best interest of the company to […]
Ayala Land Estates to open The Blue Leaf at Arca South by 2026 - BusinessWorld Online
AYALA LAND ESTATES, Inc. (ALEI) said The Blue Leaf events space at the Arca South estate in Taguig City is set to open in 2026 as part of efforts to expand the estate’s offerings. The company, in partnership with events space operator The Blue Leaf, recently broke ground for the planned venue, ALEI said in […]
Manila Water activates solar power systems at 3 facilities - BusinessWorld Online
EAST ZONE concessionaire Manila Water Co., Inc. said it has energized solar rooftop systems with a combined capacity of 2.5 megawatt-peak (MWp) at three key facilities. Through its partnership with Malaysia-based renewable energy company Ditrolic Energy, Manila Water has activated three solar power installations at the Cardona Water Treatment Plant (WTP), East La Mesa WTP, […]
Growing AI adoption may expose PHL companies to more cyberattacks - BusinessWorld Online
PHILIPPINE BUSINESSES may face more cyberattacks as they continue to adopt artificial intelligence (AI)-powered solutions, with threat actors also using more advanced tools to exploit these technologies, cybersecurity company Trend Micro said. Trend Micro Philippines Country Manager Ian Felipe said at a briefing on Monday that Philippine enterprises have improved their overall cyber hygiene, boosting […]
Central bank revises framework for selection of external auditors - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved the revised framework on the selection of external auditors for its supervised financial institutions (BSFIs). “The Bangko Sentral considers the external auditing profession as partner in promoting the safety and soundness of BSFIs,” it said in a circular letter. “Through their audits and opinions rendered on Audited […]
A matter of remembrance - BusinessWorld Online
EVEN APPS have features that pop up to remind the subscriber to greet someone on her birthday. Social groups have a birthday beagle tasked with unleashing a tide of greetings for the celebrant. It’s considered a social slight to forget the birthday of someone close to you, or who considers herself so, say, a spouse. […]
NLEX Corp. investing nearly P1.4B in toll network tech upgrades - BusinessWorld Online
NLEX Corp., a unit of Metro Pacific Tollways Corp. (MPTC), said it is investing approximately P1.4 billion to modernize and enhance technology across its expressway network in preparation for full cashless toll transactions. “By benchmarking its technologies against those used in other countries, we aim to provide greater accessibility and convenience to all motorists at […]
BSP launches cyber resilience council - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas (BSP) has launched a council to strengthen cooperation on cyber resilience in the financial sector. The central bank on Feb. 11 launched the Financial Cyber Resilience Governance Council (FCRGC), it said in a statement on Wednesday, “The FCRGC aims to foster a safe, secure, and resilient financial system by promoting […]
Boracay ports to implement unified automated ticketing system - BusinessWorld Online
TOPLINE Hi-Tech and Synergy Corp. (Topline Hi-Tech) have partnered with the provincial government of Aklan to establish a smart port system at the Caticlan and Cagban ports. The new system is expected to streamline ticketing operations and boost tourist arrivals on Boracay Island, the company — an affiliate of Topline Business Development Corp. (Topline) — […]
Google Philippines ‘on alert’ for election misinformation - BusinessWorld Online
GOOGLE Philippines is “on alert” against forms of election misinformation, especially artificial intelligence (AI)-generated content and deepfakes. “This is our first election where generative AI is mainstream. So, from this midterm election, we will learn a lot of lessons to prepare us for the presidential elections in 2028,” Yves Gonzalez, Google Philippines public policy and […]
Declining births and urbanized cities of the Philippines - BusinessWorld Online
On Jan. 31, the Philippine Statistics Authority (PSA) released the report, “Birth, Marriage, and Death Statistics for 2024 (Provisional, as of 30 November 2024).” I downloaded the Excel file for 2023-2024 and compared the monthly data of previous years, with 2019 serving as the baseline before the lockdowns of 2020 to mid-2022. The number of […]