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2358 articles from BusinessWorld
AGRICULTURAL damage caused by Tropical Cyclones Luis, Maymay, Neneng, and Pilandok, as well as the enhanced southwest monsoon (habagat) reached P4.38 billion, according to final estimates by the Department of Agriculture’s (DA) disaster unit. In a bulletin released on Tuesday, the DA-Disaster Risk Reduction and Management Operations Center said that thorough assessment by the department’s […]
Read more →NLEX CORP., operator of the North Luzon Expressway (NLEX), announced that all lanes at the San Simon Interchange and Tulaoc are now open after flood mitigation measures restored access previously blocked by flooding. “NLEX remains committed to working closely with its partners to help ensure the safety and accessibility of not just its motorists, but […]
Read more →THE House of Representatives on Tuesday approved a bill renewing Newsounds Broadcasting Network, Inc. for 25 years on third and final reading. With a vote of 214 yes, zero against, and two abstentions, the chamber passed House Bill No. 10208, granting the broadcast firm continued authority to construct, install, establish, and operate commercial radio and […]
Read more →THE Department of Migrant Workers (DMW) said 14 Filipino seafarers who survived the attacks in the Strait of Hormuz are set to arrive in Manila on Tuesday evening. In a livestreamed press briefing on Tuesday, Migrant Workers Secretary Hans Leo J. Cacdac said the 14 Filipino seafarers working at a Saudi-flagged vessel are expected to […]
Read more →THE Department of Environment and Natural Resources (DENR) and the ASEAN Centre for Biodiversity (ACB) launched a ten-year strategic roadmap to improve the management, protection, and conservation of natural parks across member states of the Association of Southeast Asian Nations (ASEAN), known as ASEAN Heritage Parks (AHPs). The framework, named the AHP Regional Action Plan […]
Read more →THE SOCIAL Security System’s (SSS) LoanLite is now available on the mobile app of UnionDigital Bank, Inc. (UD) as the state pension fund expands the distribution of its micro loan program. “Qualified members can now apply through the UnionDigital Bank mobile application, making access to short-term financial assistance more convenient and secure,” SSS President and […]
Read more →OVER 24 million Filipinos used Philippine Identification System ID or the national ID to open accounts in e-wallet platform GCash, the Philippine Statistics Authority (PSA) said. “Bringing national ID and GCash registration services directly to barangays helps remove barriers to access, providing unbanked families with a trusted means of identification and easier access to essential […]
Read more →THE Bureau of Immigration (BI) arrested four Chinese nationals allegedly involved in cyber fraud during an operation targeting suspected Philippine Offshore Gaming Operator (POGO)-related activities in Muntinlupa City. The operation, conducted on Sept. 4, followed intelligence monitoring of reports on continuing POGO-related activities on Montillano Street in Alabang, BI said in a statement on Tuesday. […]
Read more →THE Anti-Money Laundering Council (AMLC) has secured a court order authorizing the forfeiture of 10 bank accounts previously used in illegal drug trafficking operations, the financial intelligence unit said. In a statement on Tuesday, the AMLC said the Manila Regional Trial Court (RTC) issued the order on Aug. 24, allowing them to forfeit the bank […]
Read more →A LAWMAKER on Tuesday pushed for higher honoraria for teachers and other election workers, saying their compensation should reflect the long hours and difficult conditions they face during elections. In a statement, Party-list Rep. Antonio L. Tinio pressed the Commission on Elections (Comelec) to formally commit to increasing the honoraria of election workers during the […]
Read more →SOCIAL Welfare Secretary Rexlon T. Gatchalian on Tuesday defended the government’s expanding cash assistance programs, saying the increase in subsidies’ budget reflects the need to protect vulnerable families from economic and other shocks rather than a failure of its poverty alleviation strategy. Mr. Gatchalian made the remarks during a House of Representatives Appropriations Committee hearing […]
Read more →THE IT and Business Process Association of the Philippines (IBPAP) said it launched with industry partners a coalition that will invite foreign companies to locate their global capability centers (GCCs) in the Philippines. In a statement, it said the collaborative effort is expected to help the IBPAP reach its “best-case” forecast of $50.5 billion in […]
Read more →MORE European Union (EU) firms expressed interest in expanding their Philippine operations this year, though the 43% share of such firms underperformed relative to Southeast Asia, according to a survey conducted by the EU-ASEAN Business Council (EU-ABC). The EU-ABC said its 12th Business Sentiment Survey found that the companies signaling their Philippine expansion plans surpassed […]
Read more →MOST Philippine chief executive officers (CEOs) remained upbeat about the business outlook over the next 12 months and expect revenue growth despite geopolitical uncertainty and technological disruption, a survey showed.
Read more →MAYBANK INVESTMENT BANK and United Kingdom-based think tank Pantheon Macroeconomics have raised their Philippine inflation forecasts until next year amid sticky food and oil prices. In a Sept. 4 report, Maybank said it now sees inflation accelerating to 5.5% this year from its prior 5.3% estimate, and to 5.1% next year from 4.9% previously, driven […]
Read more →THE PHILIPPINES could still achieve at least 3.8% economic growth this year but would need “significant acceleration” in government spending and a recovery in household consumption, the Asian Development Bank (ADB) said.
Read more →THE PHILIPPINE ECONOMY is likely to see more harm than benefit from the peso’s depreciation against the dollar, as recent exchange rate volatility adds to inflationary pressures, the financial data analytics arm of S&P Global said.
Read more →THIS SEPTEMBER, Edjop, a biopic about student leader-turned-activist Edgar Jopson, is set to offer a ray of hope to the youth movement in the Philippines, at a time of rampant corruption, apathy, and disillusionment. Produced by Open Water Productions and Origin8media Corp., the film is directed by Katski Flores and co-written by Ms. Flores and […]
Read more →I SAW Dave Green’s Coyote vs. Acme and — surprise surprise! — liked it.
Read more →FILM RESTORATION brings back stories from the past that the youth of today can no longer access otherwise, and has thus become the theme of this year’s Philippine Film Industry Month, in time for the 50th anniversary of the Second Golden Age of Philippine Cinema.
Read more →THE government’s special green energy auction (GEA) round for waste-to-energy (WTE) projects has attracted 11 qualified bidders covering 14 projects, including firms linked to infrastructure groups led by Enrique K. Razon, Jr., Manuel V. Pangilinan, and Ramon S. Ang. The Department of Energy (DoE) said in an advisory that it had issued the list of […]
Read more →NBA 2K27, the latest iteration of the NBA video game franchise developed by Visual Concepts and published by 2K, is now available on PlayStation 5 (PS5), XBOX Series X|S, PC via Steam, and Nintendo Switch 2.
Read more →LISTED property developer Vista Land & Lifescapes, Inc. (VLL) may sell two non-core malls for up to P15 billion as it explores funding options ahead of a $420-million bond maturity in July 2027, according to CreditSights. “VLL has substantial unencumbered good quality retail malls and a land bank that can be monetized. Management indicated to […]
Read more →LISTED electronic gaming technology services provider PhilWeb Corp. and its wholly owned subsidiary have agreed to invest a combined P4.23 billion in JKS Tech Solutions, Inc., which is listed by the Philippine Amusement and Gaming Corp. (PAGCOR) as the gaming system administrator of the Epic Game brand. In a regulatory filing on Monday, PhilWeb said […]
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