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BusinessWorld
LPA hits Palawan, affects Visayas and other areas amid storm Dujuan
A low pressure area (LPA) is affecting Palawan and causing thunderstorms in seven areas, posing a risk of flash floods and landslides amid the continued presence of severe tropical storm Dujuan, the state weather bureau said on Friday. “The LPA was located over Dumaran, Palawan and is currently traversing Palawan,” Leanne Loreto, weather specialist of […]
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DoE terminates coal block auction
THE DEPARTMENT of Energy (DoE) will no longer pursue its planned coal block auction this year, which would have included the country’s largest mine operated by Semirara Mining and Power Corp. (SMPC).
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Philippine growth seen picking up in second half — World Bank
PHILIPPINE ECONOMIC growth could pick up in the second half as public infrastructure spending accelerates and inflation eases, bringing the government’s full-year growth target within closer reach, a World Bank economist said.
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OFW remittances in peril amid Middle East war risks
REMITTANCE FLOWS from overseas Filipino workers (OFWs) are likely to remain subdued until yearend as overseas deployment slows and renewed hostilities in the Middle East create more volatility, banks said.
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NSCR full operations pushed back to 2033
THE North-South Commuter Railway (NSCR) is now targeted to be fully operational by 2033 after the Economy and Development (ED) Council approved amendments to the project, with partial operations expected to start in December 2027. The full operations of the NSCR are now targeted to start by the third quarter of 2033, later than the […]
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IV of Spades takes top Awit Award nods
THE four-piece band IV of Spades took home the top prizes — Song of the Year for “Aura” and Album of the Year for Andalucia — at this year’s Awit Awards which were held on Sept. 15 at the SM Mall of Asia Arena in Pasay City. Another track, “Monster,” won Best Sound Engineer Recording.
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Banks’ assets grow at end-July
ASSETS held by the Philippine banking industry expanded by over 10% year on year as of end-July, driven by sustained growth in lending and deposits, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
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NGCP eyes completion of P23.5-B grid projects
THE National Grid Corp. of the Philippines (NGCP) is targeting the completion of six transmission projects worth about P23.5 billion by yearend as the grid operator works to address transmission reliability amid power supply constraints. At a briefing on Thursday, NGCP Assistant Vice-President Cynthia P. Alabanza said the company had already completed five transmission projects […]
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Philippines not ready for AI use in capital markets
PHILIPPINE CAPITAL markets are not ready for the use of artificial intelligence (AI) for trading, advising, or prediction as the country’s investor base remains hesitant about new technologies, the Bangko Sentral ng Pilipinas (BSP) said. “Customers are resistant to the use [of AI in capital markets]. They’re hesitant, I think. They’re hesitant to use it […]
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Toyota PHL expects vehicle output to fall this year
TOYOTA MOTOR Philippines Corp. (TMP) expects vehicle production to decline this year amid softer market demand that the automaker linked to higher oil prices stemming from the Middle East conflict. “It’s lower this year at maybe close to 60,000. Last year was about 63,000,” TMP Senior Vice-President for Marketing Division Sherwin T. Chua Lim said […]
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Life insurers cover more than 50% of Filipinos
THE LIFE insurance industry covered more than half of the Philippine population as of the first half, driven by its growing branch and agency network. The Philippine Life Insurance Association, Inc. (PLIA) said in a statement that the sector now covers 63.5 million Filipinos, equivalent to around 55% of the country’s population. This was supported […]
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Stuff to Do (09/18/26)
THE Design Center of the Philippines is marking a decade of the International Design Conference (IDC) with its 10th edition on Sept. 18 at the Foro de Intramuros, City of Manila, bringing together leading voices from the Philippines and around the world to look at how design can respond to the complexity and diversity of the world we live in.
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SEC urges finance executives to help bring more firms to capital market
THE Securities and Exchange Commission (SEC) has urged financial executives to introduce more Philippine companies to the capital market earlier in their growth, as the country continues to lag regional peers in the number of listed firms and has yet to record an initial public offering (IPO) this year. SEC Chairperson Francisco Ed. Lim said […]
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Are we ready for the next wave of global capital?
There is a revealing question behind the Philippines’ latest foreign direct investment numbers: are we failing to attract capital, or are we failing to prepare for the kind of capital that will shape the next economy? The distinction matters. The 2026 Global Atlas of Risk and Readiness (GARR) gives us a useful place to begin. […]
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Finance runs on trust
At its most basic, the financial system performs a simple but indispensable function: it moves funds from those who have an excess of them to those who need them. Households place savings in banks. Banks transform deposits into loans. Investors provide capital to businesses. Pension funds convert workers’ savings into long-term investments. Governments borrow to […]
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29% of hotel rooms expected by 2026 canceled — report
NEARLY three in 10 hotel rooms that had been projected two years ago to open by 2026 were canceled, even as the country’s current accommodation pipeline has grown to P387 billion through 2032. Of the 20,509 room keys identified in the 2024 Philippine Accommodation Pipeline Report for opening by 2026, 29% were canceled, while just […]
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Peso inches up as oil prices ease
THE PESO edged higher against the dollar on Thursday as oil prices continued to go down on easing supply concerns. The currency gained 0.9 centavo to end at P62.73 versus the greenback from its P62.739 finish on Wednesday, according to Bankers Association of the Philippines data. The local unit opened Thursday’s session weaker at P62.83 […]
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Migratory birds offer a natural flight path to growth and resilience
SOME of the world’s most valuable infrastructure has no owner, no border, and no name most people would recognize. It’s the network of wetlands that keeps migratory birds alive during their odysseys across the planet.
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Nestlé says Philippines remains among top growth markets
SWISS food and beverage company Nestlé S.A. said the Philippines remains one of its top growth markets globally, citing demand for its brands and the country’s demographic and economic conditions. Nestlé said in a statement on Thursday that the Philippines’ young and growing population and economic growth provide opportunities for further investment. “The Philippines is […]
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Visa Infinite refresh targets growing affluent segment in the Philippines
VISA has expanded offerings for its Visa Infinite cards, adding two new tiers with expanded access to more personalized experiences centered around lifestyle and travel amid strong payments growth in the affluent segment. “In a consumption-driven economy such as the Philippines, payments continue to shape how people dine, travel, shop, and pursue their passions. The […]
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Why organizations need learning partners, not just training providers
Artificial intelligence is reshaping industries. Business models are evolving faster than ever. Organizations are being challenged to become more agile, innovative, and resilient amid economic uncertainty, technological disruption, and changing workforce expectations. Yet while many organizations are investing heavily in new technologies and transformation initiatives, one critical question remains: Do they have the people and […]
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BI enforces hold order vs Romualdez and his co-accused in plunder case
THE Bureau of Immigration (BI) has implemented a Sandiganbayan hold departure order (HDO) against former Speaker and incumbent Leyte Rep. Ferdinand Martin G. Romualdez and three co-accused in a P7.44-billion plunder case linked to alleged kickbacks from government projects. Mr. Romualdez and co-accused Felicito C. Guevarra remain in the Philippines, while fugitive former Party-list Rep. […]
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Malacañang studying more localized class suspension rules
THE government is studying more localized rules for suspending and resuming classes to reduce unnecessary disruptions to learning, Malacañang said on Thursday, as nearly three-fourths of public schools have experienced class cancellations this school year. Palace Press Officer Clarissa A. Castro said the proposed framework was discussed during the 11th Economy and Development Council meeting […]
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