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US tariff reciprocity, trade diversion, and the Philippines’ options - BusinessWorld Online
US President Donald Trump announced last week, on April 2, that his “Reciprocal Tariffs” and the rates for Asian countries are as follows: Cambodia, 49%; Laos, 48%; Vietnam, 46%; Myanmar, 45%; Thailand, 36%; China, 34%; Indonesia and Taiwan, 32%; Pakistan, 29%; India, 26%; South Korea, 25%; Japan and Malaysia, 24%; the Philippines, 17%; and Singapore, […]
Former John Hay operator offers to waive settlement - BusinessWorld Online
FORMER Camp John Hay operator CJH Development Corp. (CJHDevCo) has offered to waive its P1.42-billion final arbitral award in exchange for recognizing the rights of third-party investors. In an open letter to President Ferdinand R. Marcos, Jr., CJHDevCo said that it is willing to relinquish its rights to the arbitral award, including its claim for […]
National Artists’ works appear on Globe 5G Wi-Fi routers - BusinessWorld Online
WORKS by four Philippine National Artists — Larry Alcala, Carlos “Botong” Francisco, Abdulmari Imao, and Vicente Manansala — now adorn telecom company Globe’s newly launched 5G Wi-Fi routers. The designs were unveiled by Globe executives at the a:museum of Ayala Malls Manila Bay on April 2, with the goal to make local art more accessible. […]
There are candidates we really shouldn’t support - BusinessWorld Online
A number of political observers believe that the reason why Senate President Francis Escudero would not start the impeachment trial of Vice-President Sara Duterte is that the required two-thirds of the current 23-member Senate (Sen. Sonny Angara had resigned) or 16 senators voting “Guilty” to convict her would not be met. Put another way, eight […]
Megaworld eyes real estate innovations through JLL partnership - BusinessWorld Online
LISTED Megaworld Corp. has partnered with global real estate services company JLL to explore new opportunities, solutions, and innovations. Under the collaboration, JLL will provide strategic advisory services on the latest international real estate standards to Megaworld, covering research, consulting, and project development. The services also include areas such as office reinvention, reinvigoration, and reimagination, […]
CIBI partners with Korean entities for credit data sharing - BusinessWorld Online
CREDIT BUREAU CIBI Information, Inc. has signed an agreement with South Korea’s NICE Information Service and JB Financial Group (JBFG) for the cross-border exchange of credit data. The three entities recently signed a memorandum of understanding to establish a credit linkage system between the Philippines and Korea, CIBI said in a statement on Monday. “Filipino […]
Uratex taps ACEN RES to power more facilities with renewable energy - BusinessWorld Online
FOAM and mattress manufacturer Uratex has partnered with ACEN RES, the retail electricity supply arm of the Ayala group, to shift the power source of four more facilities to 100% renewable energy (RE). Uratex facilities in Magallanes, Shaw, Marcos Highway, and Isabela are transitioning to RE, joining seven other locations across Luzon and Cebu, ACEN […]
NAIA concession terms face SC legal challenge - BusinessWorld Online
A GROUP of lawyers challenged the validity of the Ninoy Aquino International Airport (NAIA) concession agreement before the Supreme Court (SC) on Monday, claiming that the deal violated the Constitution and the Public-Private Partnership (PPP) Code.
NexGen unit secures green-lane perks for P300-B Quezon wind projects - BusinessWorld Online
AIRSTREAM Renewables Corp., a subsidiary of listed NexGen Energy Corp., has secured green-lane certifications for its P300-billion wind power projects in Quezon, making them eligible for expedited permit processing. The Board of Investments One-Stop Action Center for Strategic Investments has granted green-lane certifications to the 2,000-megawatt (MW) Real Offshore Wind Farm, the 300-MW Mauban Offshore […]
From uncertainty to opportunity: Key trends shaping the 2025 office market - BusinessWorld Online
The Metro Manila office market navigated a challenging landscape in 2024, marked by high vacancy rates, shifting occupier strategies, and global economic uncertainties. As 2025 begins, key trends are emerging that could redefine demand dynamics, presenting both challenges and opportunities for occupiers and landlords alike.
PAL to launch nonstop Da Nang-Manila flights by July - BusinessWorld Online
PHILIPPINE AIRLINES (PAL) is set to expand its Vietnam routes with the launch of nonstop Da Nang-Manila flights by July, the flag carrier said. In a media release on Monday, PAL said it will offer the Manila-Da Nang flight three times weekly — on Tuesdays, Thursdays, and Saturdays — starting July 1. Da Nang will […]
DITO appoints Tamano as chief revenue officer for consumer business - BusinessWorld Online
DITO TELECOMMUNITY Corp. announced on Monday the appointment of Adel A. Tamano as chief revenue officer for the company’s consumer business. In a statement, DITO Telecommunity said Mr. Tamano, who currently serves as the company’s head for enterprise and carrier business, assumed his new role on April 3. “His ability to build and scale new […]
How minimum wages compared across regions in March - BusinessWorld Online
(After accounting for inflation) In March, inflation-adjusted wages were 18.6% to 25.8% lower than the current daily minimum wages across the country. This meant that workers were taking P75.62 to P127.87 less than their current daily minimum wages set by the Regional Tripartite Wages and Productivity Board.
Structured internships in a lifelong learning law - BusinessWorld Online
The various miseducation crises of the Philippines identified in the first two-year reports of the Second Congressional Commission on Education (EDCOM 2) are forms of social cancer that spread insidiously across the body politic in different people, places, and times.
Hamilo Coast’s M Village set for completion by 2028 - BusinessWorld Online
COSTA DEL HAMILO, Inc. (CDHI), a subsidiary of SM Prime Holdings, Inc., said it expects to complete the Hamilo Coast’s M Village in Marina Estates by 2028. The seven-hectare residential project is located in Papaya Cove, Nasugbu, Batangas. It is the first residential community in Marina Estates, a beachside resort community under CDHI’s master-planned development, […]
Semirara Mining and Power Corp. to hold Annual Meeting of Stockholders on May 5 via remote communication - BusinessWorld Online
Semirara Mining and Power Corp.'s (the “Corporation”) Annual Meeting of Stockholders will be held on May 5, 2025, at 10:00 a.m., and will be conducted by remote communication.
CEU, PTFC join PSE’s Shari’ah-compliant securities - BusinessWorld Online
THE Philippine Stock Exchange, Inc. (PSE) has included Centro Escolar University (CEU), an educational institution, and PTFC Redevelopment Corp., a warehouse leasing company, in its list of Shari’ah-compliant securities. The updated list, issued on April 4, also saw the removal of Figaro Coffee Group, Inc., a food and beverage company, and Nickel Asia Corp., a […]
Southeast Asian countries may need to ramp up their US purchases - BusinessWorld Online
MAJOR Southeast Asian economies may need to ramp up purchases from the United States, as they seek relief from steep US tariffs, a DBS Bank report said. In a report released on Monday, the Singapore-based bank said six Association of Southeast Asian Nations (ASEAN) member-countries are facing the steepest tariffs imposed by the US. “The […]
T-bill yields end mixed as market eyes BSP cut - BusinessWorld Online
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yield movements were mixed, with demand shifting to the higher-yielding longer tenors on expectations of further monetary easing by the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) raised P24.46 billion from the T-bills it auctioned off on Monday, […]
Rice inventory falls 19.6% month on month in March - BusinessWorld Online
THE national rice inventory at the start of March fell 19.6% month on month, the Philippine Statistics Authority (PSA) said. Rice stocks hit 1.16 million metric tons (MMT) as of Feb. 1, from 2.01 MMT a month earlier. The national rice inventory rose 18.0%, from 1.37 MMT a year earlier, the PSA said. As of […]
Entertainment News (04/08/25) - BusinessWorld Online
Marcus Adoro dropped from Eraserheads music fest ERASERHEADS guitarist Marcus Adoro will be stepping back from the band amid the surfacing of rape allegations, the band’s frontman Ely Buendia announced on social media on Sunday. The new allegations were posted on Reddit. Alongside the guitarist’s withdrawal, the festival has announced the complete lineup of artists […]
Up to 20 airports being eyed for privatization - BusinessWorld Online
THE Department of Transportation (DoTr) said it is looking to tap the private sector to operate and maintain up to 20 airports under public-private partnership (PPP) arrangements, citing the need to expand and modernize the country’s regional hubs. “Initially, it was nine (airports), but we are expanding it to about 20 commercial airports for PPP,” […]
SMIC unit starts geothermal exploration in Albay - BusinessWorld Online
THE PHILIPPINE Geothermal Production Co., Inc. (PGPC), a subsidiary of SM Investments Corp. (SMIC), has started exploring new renewable geothermal energy sources in Albay, the company announced on Monday. The company has commenced operations of its drilling rig as it develops a geothermal steam field at Mt. Malinao, which could generate up to 49 megawatts […]
Italpinas forms JV with AV Pamatong to develop Primavera City Phase 3 - BusinessWorld Online
LISTED sustainable property developer Italpinas Development Corp. (IDC) said its subsidiary, IDC Prime, Inc., has entered into a joint venture (JV) with contractor AV Pamatong Trading & Construction, Inc. (AVP) to develop the third phase of the Primavera City mixed-use complex in Cagayan de Oro City. The third phase covers the construction of Città Grande, […]
Max Mara educates this season - BusinessWorld Online
MAX MARA is clothing very chic women, and in the Philippines, it begins an initiative to educate them too. At a fashion show in their Greenbelt store on March 26, Max Mara showed its Spring/Summer 2025 collection, inspired, fittingly, by a very educated woman. For this season, the collection is inspired by Hypatia: mathematician, philosopher, […]
Gov’t securities offer via GCash seen ready within first half - BusinessWorld Online
THE Bureau of the Treasury (BTr) said the launch of government securities through the GBonds feature on the GCash mobile wallet platform is expected within the first half of this year. “Hopefully, we can launch it (GBonds) in the first half of this year. GCash is still testing,” National Treasurer Sharon P. Almanza told reporters […]
ALI shares rise after merger approval - BusinessWorld Online
INVESTORS snapped up Ayala Land, Inc. (ALI) shares last week after the real estate company received regulatory approval to consolidate and absorb 29 companies as part of its restructuring program. ALI was the sixth most traded share on the stock exchange last week, with value turnover hitting P1.01 billion and 43.51 million shares traded from […]
McDonald’s Philippines eyes 65 new stores with up to P5-billion investment this year - BusinessWorld Online
MCDONALD’S PHILIPPINES is allocating P3 billion to P5 billion in capital expenditure (capex) to open at least 65 new stores this year, its operator Golden Arches Development Corp. (GADC) said. Kenneth S. Yang, president and chief executive officer of GADC, announced last week that the new McDonald’s stores will be strategically located across Luzon, Visayas, […]
Agri dep’t pushes BSP for continued use of abaca fiber in PHL banknotes - BusinessWorld Online
THE Department of Agriculture (DA) said on Sunday that it will seek to reverse a central bank decision halting the use of abaca fiber in Philippine banknotes. “We will request that the Bangko Sentral ng Pilipinas (BSP) reconsider its decision to remove abaca fiber from Philippine banknotes, given the impact this decision has on the […]