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A global frontline for peace: The West Philippine Sea and the Indo-Pacific - BusinessWorld Online
At first glance, the issue of the Philippines’ victory in the Permanent Court of Arbitration (PCA) is a legal win for Filipinos alone. It was in 2016 when the arbitral court affirmed our maritime entitlements in the West Philippine Sea (WPS), invalidating China’s claim and providing us basis to reject China’s bullying acts. Nine years […]
AI as a national imperative: Building a smarter, stronger Philippines - BusinessWorld Online
Artificial Intelligence (AI) is no longer a futuristic abstraction — it is here, shaping economies, automating industries, enhancing governance, and revolutionizing how societies function. For the Philippines, the question is no longer whether we adopt AI, but how fast and how boldly we do it. Last week, as Congress and the Senate opened their new […]
Arts & Culture (07/16/25) - BusinessWorld Online
THIS July, the Cultural Center of the Philippines (CCP) and the Intramuros Administration are opening the Intramuros Evenings performance series with Ganito Na Kami Noon, Paano Na Ngayon? on July 19, 6:30 p.m., at Centro de Turismo, Intramuros, Manila.
Peso sinks to 3-week low before US CPI - BusinessWorld Online
THE PESO sank to a three-week low against the dollar on Tuesday before the release of US June consumer inflation data and as markets await developments in countries’ trade talks with the Trump administration. The local unit closed at P56.73 versus the greenback, weakening by 10 centavos from its P56.63 finish on Monday, Bankers Association […]
TARI Estate sold 74% of Phase 1 inventory, says Aboitiz InfraCapital - BusinessWorld Online
ABOUT 60 hectares (ha) of Aboitiz InfraCapital, Inc.’s (AIC) TARI Estate in Tarlac City have been sold, accounting for around 74% of the industrial development’s Phase 1 inventory, the company said on Tuesday. The sales reflect rising demand for industrial locations north of Metro Manila, the company said in a statement. Launched in May 2024, […]
Profit taking, tariff woes drag down PHL stocks - BusinessWorld Online
PHILIPPINE SHARES dropped on Tuesday on profit taking in the absence of new trading drivers. The Philippine Stock Exchange index (PSEi) sank by 1% or 65.57 points to close at 6,459.47, while the broader all shares index went down 0.65% or 25.09 points to 3,807.27. “The local market pulled back as investors took profits amid […]
Pru Life UK named International Life Insurer of the Year-Philippines at the 2025 Insurance Asia Awards - BusinessWorld Online
Pru Life UK has claimed its fifth straight victory as International Life Insurer of the Year – Philippines at the recent 2025 Insurance Asia Awards, once again proving its reputation as a leading insurer in the country.
Philippine CEOs boost AI use, but returns lag — IBM study - BusinessWorld Online
WHILE MORE Philippine chief executive officers (CEOs) are recognizing the importance of artificial intelligence (AI) solutions, some have yet to see the expected returns on their AI investments, according to a study from the IBM Institute for Business Value. The latest IBM study, which surveyed 2,000 CEOs globally — including 210 leaders from the Philippines […]
GoTyme Bank deposits hit over P30 billion as of June as it expands presence, services - BusinessWorld Online
GOTYME BANK’S customer deposits reached over P30 billion as of June as it continues to expand its services and presence nationwide. Deposit growth was driven by efforts to enhance its authentication and fraud controls, it said, as well as the increase in the online bank’s users to over 6.5 million, it said in its second-quarter […]
Digital beauty entrepreneurs to be trained - BusinessWorld Online
ABOUT 600 Filipino entrepreneurs are set to benefit from an expanded beauty and digital skill training program under a partnership among the Department of Trade and Industry (DTI), L’Oréal Philippines and SPARK! Philippines. The initiative will scale up L’Oréal’s Beauty for A Better Life E-Beauty Advisor (E-BA) program nationwide. The program, launched in 2023, has […]
BDO ends bond offer early on strong demand - BusinessWorld Online
BDO UNIBANK, Inc. ended its offering of its peso-denominated sustainability bonds on Monday, a week earlier than planned, amid robust investor demand. “Originally set to run from July 9 to 22, the bank decided to close the offer period early, on July 14, following strong demand from both retail and institutional investors,” the Sy-led bank […]
From art to fashion to film: Ortigas Art Fest has it all at GH Mall - BusinessWorld Online
THE Ortigas Art Festival (OAF) is back to bring art to a wider audience, mounting its exhibits for the first time in GH Mall, Greenhills, San Juan City. The festival’s 8th edition runs until July 24 at the east and south wings of GH Mall, featuring paintings, sculptures, photographs, fashion showcases, film screenings, and dance […]
OFW Remittances: Foolproof engine of growth - BusinessWorld Online
If we factor into the total overseas Filipino workers (OFW) remittances what the returning workers bring with them in actual foreign exchange (and not to mention the goods in kind called pasalubong), it is estimated that total annual flow is already more than $40 billion, 10% of GDP.
Cebu Pacific says passenger volume up 21% in first half - BusinessWorld Online
CEBU PACIFIC saw its passenger volume climb by 20.8% to 13.9 million in the first semester, driven by strong domestic travel demand, the budget carrier said on Tuesday. “Despite the earlier onset of the academic calendar — moving the start of classes from late July last year to mid-June this year — passenger traffic and […]
CA orders ERC to act on SMGP’s price adjustment plea - BusinessWorld Online
THE COURT OF APPEALS (CA) has directed the Energy Regulatory Commission (ERC) to act on the request for price adjustments filed by San Miguel Global Power Holdings Corp. (SMGP) in 2022. In a disclosure to the Philippine Dealing & Exchange Corp. on Monday, SMGP said it had received a copy of a CA resolution dated […]
BSP preparing new guidelines for smaller ‘digital-centric’ banks - BusinessWorld Online
THE BANGKO SENTRAL ng Pilipinas (BSP) is planning to issue a draft circular within the year to establish guidelines to assess the “digital centricity” of smaller banks. “We just want to provide a level playing field because there are digital banks, and there are also digital-centric conventional banks. So, we need to level the playing […]
MSME business sentiment improves in 2025 — BCG - BusinessWorld Online
MOST Philippine micro-, small-, and medium-sized enterprises (MSMEs) are expecting stronger results this year after a slow recovery last year, the Boston Consulting Group (BCG) said. Citing the results of a study conducted with the Department of Trade and Industry (DTI), 73% of 3,098 MSMEs surveyed are expecting “stronger results” in 2025. BCG Principal Jamie […]
SBMA remits P1.47-billion dividend to Treasury - BusinessWorld Online
THE Subic Bay Metropolitan Authority (SBMA) remitted P1.47 billion worth of dividends to the National Government, the Department of Finance (DoF) said. The remittance will help in “supporting and contributing effectively to nation-building initiatives, public services, and infrastructure development,” SBMA Chairman and Administrator Eduardo Jose Aliño said in a statement. Under Republic Act No. 7656 […]
MPTC eyes September start for Vietnam expressway expansion - BusinessWorld Online
METRO PACIFIC Tollways Corp. (MPTC), through CII Bridges and Roads Investments Joint Stock Co. (CII), is targeting to begin the expansion of the nearly $1.6-billion Ho Chi Minh City – Trung Luong – My Thuan Expressway by September, a company official said. “These types of projects are typically subject to competitive bidding; the government has […]
Purposeful branding to help small businesses stand out - BusinessWorld Online
MICRO, SMALL, AND MEDIUM enterprises (MSME) in the Philippines should take branding seriously to succeed in a saturated and competitive market, according to a marketing executive. “A lot of businesses have a brand, whether they were intentionally making one or not,” Cherry S. Kho, founder and chief executive officer at brand experience design firm Bluethumb, […]
World Bank says job reforms to drive PHL growth to nearly 7% - BusinessWorld Online
REFORMS to enhance job creation and quality could propel Philippine economic growth to close to 7% and transform it into a middle-class economy by 2040, the World Bank said. “To stay on a path to upper middle-income status and to realize the national ambition of a middle-class society free of poverty by 2040, the country […]
Treasury fully awards reissued 10-year bonds - BusinessWorld Online
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday as strong investor demand caused its average yield to decline. The Bureau of the Treasury (BTr) raised P25 billion as planned from its offering of reissued 10-year bonds as total bids reached P63.546 billion or more than twice the […]
PHL startups told to focus on sustainable growth - BusinessWorld Online
PHILIPPINE STARTUPS should focus on sustainable growth to attract investors amid tighter regional funding conditions, according to industry leaders. “Venture capitalists (VC) aren’t necessarily looking at more mature startups, but rather, the criteria of what a good startup looks like has changed,” Bit Santos, a partner for portfolio operations at Kickstart Ventures, said in a […]
Filinvest gets PSE approval for P8-B preferred share offer - BusinessWorld Online
GOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) has secured approval from the Philippine Stock Exchange, Inc. (PSE) for its planned P8-billion preferred share offering. The PSE approved FDC’s follow-on offering of up to 8 million Series A and Series B preferred shares, both priced at P1,000 per share, the stock market operator said in a notice […]
Cebu developer sees ‘bleisure’ driving hospitality projects in VisMin - BusinessWorld Online
CEBU-BASED PROPERTY developer AppleOne Group said demand for hospitality developments in the Visayas-Mindanao (VisMin) region is gaining momentum, driven by the area’s growing appeal as a “bleisure” (business and leisure) destination. “By building integrated destinations where business, leisure, and local culture intersect, AppleOne continues to expand opportunities for the local workforce and economy, positioning VisMin […]
SMDC eyes 2029 finish for Pampanga residential project Symphony Homes - BusinessWorld Online
SM DEVELOPMENT CORP. (SMDC), the residential arm of SM Prime Holdings, has entered the horizontal housing segment with the launch of Symphony Homes in Mabalacat, Pampanga. The residential project includes low-density housing, open spaces, and green areas. These features reflect preferences among Filipino homebuyers following lifestyle changes during the pandemic, the company said in a […]
Palay average farmgate price falls 31.8% in June - BusinessWorld Online
THE average farmgate price of palay (unmilled rice) fell 31.8% year on year in June to an average of P16.99 per kilo, the Philippine Statistics Authority (PSA) said. Month on month, the average palay farmgate price fell 4.3% compared to May, the PSA said in a report. The June decline was steeper than the 28.9% […]
Marcos dares Caticlan contractors to complete terminal in 18 months - BusinessWorld Online
PRESIDENT Ferdinand R. Marcos, Jr., proposed an 18-month accelerated timeline for completing the new passenger terminal at Caticlan airport in Aklan province, instead of the contracted 24 months. At the groundbreaking ceremony for the new terminal at Caticlan Airport, the gateway for most visitors to the resort island of Boracay, Mr. Marcos described the new […]
SRA may tap fungus to keep sugarcane pest under control - BusinessWorld Online
THE Sugar Regulatory Administration (SRA) said it is considering turning to a fungus that is a natural enemy of the red striped soft-scale insect (RSSI) to curb the sugarcane pest. SRA Administrator and CEO Pablo Luis S. Azcona told reporters that farmers could be taught to deploy Metarhizium anisopliae, which grows naturally on Panay. RSSI […]
PSEi jumps to 2-month high on bargain hunting - BusinessWorld Online
PHILIPPINE STOCKS bounced back on Monday to snap a two-day losing streak as investors picked up bargains as they await developments on the country’s tariff negotiations with the United States. The Philippine Stock Exchange index (PSEi) jumped by 1% or 65.16 points to close at 6,525.04, while the broader all shares index climbed by 0.52% […]
Peso falls on tariff news - BusinessWorld Online
THE PESO dropped against the dollar on Monday after US President Donald J. Trump threatened to impose higher import tariffs on additional countries and goods over the weekend. The local unit closed at P56.63 per dollar, sinking by 16 centavos from its P56.47 finish on Friday, Bankers Association of the Philippines data showed. The peso […]
How expensive is Manila for ‘living well’ in 2025? - BusinessWorld Online
Manila dropped two spots to 23rd out of 25 cities in the 2025 Julius Baer Lifestyle Index, which tracks the cost of luxury living across global cities. The Philippine capital emerged as the cheapest among the 10 Asia-Pacific cities surveyed, offering high-net-worth individuals the lowest prices for goods and services tied to affluent lifestyles.