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IMF says US economy showing strains; tariffs pose some risks to inflation - BusinessWorld Online
WASHINGTON – The US economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve’s 2% target, but there were some risks that could push it higher, […]
Rizal’s 1st legislative district is Philippines’ most populous — PSA - BusinessWorld Online
Rizal’s 1st legislative district (LD) emerged as the most populous in the country after logging 1.24 million residents, according to the Philippine Statistics Authority’s 2024 Census of the Population. Maguindanao del Norte’s Lone LD in the Bangsamoro Autonomous Region in Muslim Mindanao followed with 1.12 million. Caloocan City’s 1st LD trailed with 982,077, Pampanga’s 1st […]
PHL needs an E-Freedom of Information law, says experts - BusinessWorld Online
By Edg Adrian A. Eva, Reporter The Philippines needs an Electronic Freedom of Information (EFOI) law to ensure better access to government data, as a study showed that the public’s access to such information on the internet remains a hurdle, according to experts on Friday. Oliver Xavier A. Reyes, a former judicial staff head of […]
Private sector urged to turn net-zero pledges into action at PH Net Zero Conference 2025 - BusinessWorld Online
The Philippine Net Zero Conference 2025 will bring together the country’s business leaders, policy makers, and sustainability champions on Sept. 18, 2025, at the SMX Convention Center Aura in Taguig City.
More Filipinos engage in gig work for additional revenue - BusinessWorld Online
By Justine Irish D. Tabile, Reporter Technological advancements and the pandemic accelerated the Philippine gig work economy, but it is still being viewed only as an additional revenue stream, according to market research company Ipsos. Ipsos Strategy3 Principal Christine P. Dugay said that gig work is becoming a new frontier for the Philippine labor market. […]
ERC OKs original rates for Meralco supply contracts with SMGP and ACEN - BusinessWorld Online
THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) power supply agreements (PSAs) with San Miguel Global Power Corp. (SMGP) and ACEN Corp. at rates higher than the provisional P5.1908 per kilowatt-hour (kWh), securing 479 megawatts (MW) of renewable capacity but signaling higher costs for consumers.
DoTr extends MRT-3 deal with Japan's Sumitomo - BusinessWorld Online
The Department of Transportation (DoTr) on Friday said it will extend its contract with the Japanese firm Sumitomo Corporation for the rehabilitation and maintenance of Metro Rail Transit Line 3 (MRT-3) by another two years. “We look forward to ensuring that MRT-3 continues to provide safe, reliable, and efficient service to our Filipino commuters and […]
Rumors, misinformation about Charlie Kirk killing rampant on social media - BusinessWorld Online
Confusion and conspiracy theories spread online after conservative activist Charlie Kirk was fatally shot during a university appearance in Orem, Utah, on Wednesday. As the manhunt continued, online speculation, much of it baseless, emerged about the circumstances of the shooting and the identity of the shooter. Online posts also shared fake headlines about the killing, […]
Differentiating through fresh product offerings - BusinessWorld Online
The top officials behind the canned sardines brand, Mega Sardines, shared their prime advantage back when they were once a new player trying to enter the market 25 years ago. “We saw the opportunity that, in the market at that time, there were no quality brand sardines that’s as fresh as Mega Sardines,” Michelle Tiu […]
PHL banks’ loans to MSMEs still below quota - BusinessWorld Online
PHILIPPINE BANKS once again failed to meet the mandated lending quota for micro, small and medium enterprises (MSMEs), data from the central bank showed. Data from the Bangko Sentral ng Pilipinas (BSP) showed bank loans granted to MSMEs grew by 10.8% to P540.92 billion as of end-June from P488.13 billion a year ago. However, this […]
Ayala, Security Bank, SMIC lead PHL firms in Time 2025 World’s Best list - BusinessWorld Online
TEN PHILIPPINE COMPANIES were included in Time magazine’s World’s Best Companies for 2025, a ranking of the top 1,000 corporations worldwide. In the list compiled with Statista, conglomerate Ayala Corp. ranked 210th globally and was the top Philippine company for the third straight year. Other Philippine companies in the ranking were Security Bank Corp. (369th), […]
ODA partners may keep close eye on how PHL addresses corruption - BusinessWorld Online
THE PHILIPPINE government’s response to corruption allegations involving flood control projects could have far-reaching implications for its official development assistance (ODA) portfolio, the Department of Economy, Planning, and Development (DEPDev) said. DEPDev Undersecretary Rosemarie G. Edillon said on Thursday that the country’s ODA partners will be looking at how the government will address the issues […]
PHL inflation may breach 4% in mid-2026 due to weather risks - BusinessWorld Online
WEATHER DISRUPTIONS and base effects may cause inflation to overshoot the Bangko Sentral ng Pilipinas’ (BSP) target range anew next year, an analyst said. Philippine National Bank economist Alvin Joseph A. Arogo said the consumer price index (CPI) could breach the upper end of the BSP’s 2-4% annual goal again in mid-2026 after falling well […]
MWSS approves Q4 water rate adjustments for Maynilad, Manila Water - BusinessWorld Online
The Metropolitan Waterworks and Sewerage System (MWSS) board of trustees has approved fourth-quarter rate adjustments for Maynilad Water Services, Inc.. and Manila Water Co., Inc. to account for foreign exchange fluctuations. In a statement on Friday, MWSS approved a hike of P0.14 per cubic meter (cu.m.) for Maynilad and a rebate of P0.15 per cu.m. […]
Megawide to get P3.5-B cash, CREC shares in settlement of advances - BusinessWorld Online
MEGAWIDE CONSTRUCTION CORP. (Megawide) has signed agreements to recover P9.4 billion in outstanding advances from its parent Citicore Holdings Investment, Inc. (CHII) and sister company Citicore Power Inc. (CPI), with P3.5 billion to be settled in cash for debt repayment and the balance through a transfer of Citicore Renewable Energy Corp. (CREC) shares. In a […]
RCR issues new shares to Robinsons Land in P30.7-B property deal - BusinessWorld Online
RL COMMERCIAL REIT, INC. (RCR) has issued 3.83 billion shares to Robinsons Land Corp. (RLC) following the Securities and Exchange Commission’s (SEC) approval of their P30.67-billion property-for-share swap. “Further to the disclosure dated Sept. 5, 2025, please be advised that 3,834,357,500 shares of RL Commercial REIT, Inc. were issued today in exchange for the following […]
Up to 15 tropical cyclones may enter Philippines in next 6 months - PAGASA - BusinessWorld Online
By Edg Adrian A. Eva, Reporter Up to 15 tropical cyclones are expected to enter the Philippine Area of Responsibility (PAR) in the next six months, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). “(These tropical cyclones) are expected to enter the Philippine Area of Responsibility within the next six months, from […]
NCR building materials wholesale price growth falls in August - BusinessWorld Online
Wholesale price growth of construction materials in Metro Manila declined to a nearly 16-year low in August, due to faster declines and slower increases recorded across most commodity groups, the Philippine Statistics Authority (PSA) said in a report. Meanwhile, retail price growth rose, driven by the increase in the index of carpentry, the statistics agency […]
MGen, KEPCO eye wind, storage projects in RE push - BusinessWorld Online
MERALCO POWERGEN CORP. (MGen), the power generation arm of Manila Electric Co. (Meralco), and Korea Electric Power Corp. (KEPCO) are planning to expand their renewable energy (RE) partnership to help diversify the country’s energy portfolio. “Looking ahead, KEPCO and MGen intend to expand their collaboration beyond solar into other renewable energy projects such as wind […]
Cine Europa turns spotlight on Ukraine for 3rd year - BusinessWorld Online
Film festival presents 17 films THE 28TH EDITION of Cine Europa is now underway, running until Sept. 17 in Metro Manila, Cebu, Bacolod, and Tacloban. Seventeen European films will be screened for free over the course of the festival. This year, the festival films are being presented by Alliance Française de Manille, the Goethe Institut, […]
PDIC partners with World Bank unit to develop risk-based premium assessment system - BusinessWorld Online
THE PHILIPPINE Deposit Insurance Corp. (PDIC) has partnered with the World Bank Group’s International Bank for Reconstruction and Development (IBRD) to study and develop a risk-based assessment system for deposit insurance in the country. The state deposit insurer and the IBRD signed the advisory agreement on June 26, PDIC said in a statement. “Having a […]
DoTr to issue NSCR bid soon amid interest from 28 Japanese firms - BusinessWorld Online
THE PHILIPPINES is doubling its efforts to find the operator for the North-South Commuter Railway (NSCR), the Department of Transportation (DoTr) said, as it hopes to issue bidding documents later this month or early October. This came after the DoTr concluded the final leg of its roadshow for the NSCR project which gained the interest […]
ERC OKs original higher rates for Meralco supply contracts with SMGP and ACEN - BusinessWorld Online
THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) power supply agreements (PSAs) with San Miguel Global Power Corp. (SMGP) and ACEN Corp. at rates higher than the provisional P5.1908 per kilowatt-hour (kWh), securing 479 megawatts (MW) of renewable capacity but signaling higher costs for consumers.
UP expresses concern over corruption plaguing flood control projects - BusinessWorld Online
By Almira Louise S. Martinez, Reporter The University of the Philippines (UP) expressed the “gravest concern” over allegations of corruption in flood control projects in the country. This comes as students on Friday staged a university-wide walkout as part of the Black Friday Protest at the UP Diliman campus to protest “rampant corruption” and to […]
Del Monte Pacific profit surges to $5.5M after US unit deconsolidation - BusinessWorld Online
DEL MONTE PACIFIC Ltd. (DELM) said its attributable net income for the first quarter of fiscal year 2026, ending in July, surged nearly 15 times to $5.5 million from $368,000 a year ago, as results stabilized after the deconsolidation of its US operations. In a disclosure on Thursday, the Campos-led food and beverage producer said […]
ICCP Group advances financial preparedness programs in host communities - BusinessWorld Online
Demonstrating its commitment to long-term community empowerment, the ICCP Group continues to invest in financial education and protection across its areas of operation through its corporate social responsibility arm, the ICCP Group Foundation, Inc. (IGFI).
Stuff to Do (09/12/25) - BusinessWorld Online
Watch fantasy and sci-fi films for free THE 11th edition of Bakunawa Fest is coming to a close this weekend. The film festival showcases feature-length and short films from local and foreign creators with science fiction, fantasy, surreal, and experimental themes. On Sept. 12, the UP Film Institute Videotheque in Diliman, Quezon City, will screen […]
New LPA set to bring rains to Visayas, Mindanao - BusinessWorld Online
A low-pressure area (LPA) has developed in the Philippine Area of Responsibility and is expected to bring rain to Visayas and Mindanao, according to the state weather bureau on Friday. During a 5 a.m. media briefing, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said the LPA was located 540 kilometers east of Hinatuan, […]
To heal the system, flush out the big fish - BusinessWorld Online
Corruption in public spending is no longer just a governance failure; it has become a crisis of legitimacy. In the Philippines, after weeks of anguished revelations in both the Senate and the House of Representatives, public outrage over anomalous flood-control projects is powerful, and rightly so. But exposure alone does not repair what has been […]
Pag-IBIG Fund on track to hit 2025 net income target after record 1st half - BusinessWorld Online
THE HOME Development Mutual Fund or the Pag-IBIG Fund is on track to post another record-high net income this year. “We are on track for the target net income for this year. In fact, it was announced around three weeks ago that we are also on target to achieve the dividend rates or to equate […]
Pangilinan: MPIC acquisition in Wendy’s, Conti’s ‘not a very big amount’ - BusinessWorld Online
METRO PACIFIC Investments Corp. (MPIC) has acquired a 15% stake in Eight8Ate Holdings, Inc., the operator of Conti’s Bakeshop and Restaurant and Wendy’s Philippines, in a move analysts said would support MPIC’s strategy to vertically integrate its agribusiness.
Jack Daniel’s promotes 20 indie artists with show series - BusinessWorld Online
THIS YEAR, eight Filipino production groups will be celebrating the strength of Filipino indie music through a series of live events staged around Metro Manila. It marks the second phase of Jack Daniel’s On Stage, a multi-year music program by the whiskey brand Jack Daniel’s which aims to shine a spotlight on Filipino indie artists […]
Vivant expands Luzon footprint with 40% stake in solar firm - BusinessWorld Online
VIVANT ENERGY CORP., the energy subsidiary of Cebu-based conglomerate Vivant Corp., acquired a 40% stake in Samal Solar Renewable Energy Corp. (SSREC), operator of a solar farm in Bataan, as part of its efforts to expand its renewable energy presence in Luzon. Vivant Energy disclosed the P395-million stake in a regulatory filing on Thursday. “The […]
The SME’s guide to AI for business - BusinessWorld Online
Entrepreneurs have heard the warnings loud and clear. Adopt AI or be left behind. Embrace digital transformation or become a dinosaur. Adapt or die. And yet, for SMEs, AI for business seems hopelessly cooked in favor of large enterprises. But this isn’t the case at all, according to Jerry Ilao, president of the Philippine AI […]
Coca-Cola to build new manufacturing plant in Tarlac - BusinessWorld Online
COCA-COLA Europacific Aboitiz Philippines (CCEAP) is set to build a 42-hectare manufacturing plant in TARI Estate, a development expected to generate jobs in Tarlac and nearby provinces. “This will be one of the largest Coca-Cola facilities in the Philippines and among the most significant global infrastructure investments of Coca-Cola Europacific Partners,” the company said in […]