Business
News from Philippines
AllHome president, independent director at 2 Villar firms quit
AllHome's governance and risk chairperson is out after six months, along with its president, as Villar firms r…
SM’s Gen Z council decrees: More pickleball, running hubs, and an Aura library
'We really took the young ones, the officers who are Gen Zs, to do all the insighting for us,' says the mall's…
Judge orders changes to Google’s digital ads business, spares it from breakup
A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising,…
Cargo ship with 10 crew sinks off Istanbul
A Turkish cargo ship sinks in the Marmara Sea after colliding with an oil tanker, leaving 10 crew members miss…
Remains of slain seaman repatriated
Remains of a Filipino chief engineer killed in the Strait of Hormuz return to the Philippines, while eight dep…
Oil tanker attacked, two Filipinos killed
Two Filipino sailors were killed after Saudi oil tanker SIDR was attacked in the Strait of Hormuz amid renewed…
Prime Infra taps ex-BP chief for global push
Prime Infra appoints former BP CEO Tony Hayward to its board as the Razon-led company expands internationally …
First ASF vaccine commercial sale cleared
BAI approves the commercial sale of AVAC ASF LIVE, the Philippines’ first ASF vaccine for fattening pigs, as t…
Megaworld hotels promote local tours at Travel Mart
Megaworld Global Hotels & Resorts joins Philippine Travel Mart 2026 with hotel deals starting at P3,800 and di…
BIR moves to scrap VAT on system loss charge
Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss ch…
When unionized means redundant
A logistics company faces a strike by 473 warehouse workers over alleged union-busting, redundancy and a possi…
Kanda wins second term as ADB president
ADB President Masato Kanda wins a second five-year term as the lender expands its financing capacity to suppor…
PSEi falls, peso hits fourth straight record low
PSEi falls 0.67% to 6,053.23 while the peso hits a second record-low close as oil prices and US-Iran tensions …
Restoring trust, confidence needed for growth
TRUST and confidence need to be restored if the government wants economic growth to return to its potential, a…
Steeper taxes eyed on luxury cars, items
THE Department of Finance (DOF) is looking to impose steeper taxes on luxury cars and other high-end goods to …
BIR moves to scrap VAT on system losses
THE Bureau of Internal Revenue (BIR) has to remove the value-added tax (VAT) imposed on system loss charges, t…
Empowering youth to build tomorrow’s industries
THE Philippines’ greatest competitive advantage may be its people, particularly its young and increasingly cap…
P70B budget proposed for three rice programs
THE Department of Budget and Management (DBM) has proposed P69.9 billion for three rice programs in 2027 aimed…
The myth of starting small
WE love stories about entrepreneurs who started with almost nothing. A young founder begins with P10,000. She …
Whistleblowing and integrity in the GOCC sector
WHISTLEBLOWING, or reporting a wrongdoing or misconduct, does not just make government officials accountable; …
MREIT, Megaworld ink asset swap deed
MREIT Inc. has sealed a P27.01-billion property-for-share swap with its sponsor Megaworld Corp., Travelers Int…
Top Line, Japanese firm partner for EV charging
TOP Line Business Development Corp. said on Wednesday that it had signed a memorandum of understanding with Ji…
Zuckerberg, Musk appeal for more AI data centers
CHAPEL HILL, N.C. — Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and th…
Taiwan chip industry sees revenue soaring 40%
TAIPEI ─ Revenue from Taiwan's semiconductor chip sector is expected to soar 40 percent this year, a top indus…
TCL sues Samsung over false ads
CHINESE consumer electronics company TCL sued South Korea's Samsung in Los Angeles federal court, accusing its…
Honda urges suppliers to cut down costs
TOKYO ─ Japan's Honda aims to cut more than $9 billion in costs over the next four years and has instructed su…
Nestlé to divest its supplements business
LONDON ─ Nestlé will sell its mainstream vitamin brands to private equity firm Yellow Wood Partners for $1 bil…
Pizza Hut CEO resigns
YUM Brands said in a regulatory filing on Tuesday that Aaron Powell, the chief executive of Pizza Hut, has res…
Thai company open to Asean partnerships
SAMUT PRAKAN, Thailand — A publicly listed company here is open to partnerships with companies in Southeast As…
Vizcaya gets citrus nursery facility
KASIBU, Nueva Vizcaya — The municipality of Kasibu is being positioned as the Citrus Hub of Northern Luzon fol…
Why the Resilience Revolution must succeed
I CANNOT but help write a follow-up column on my very first piece on the need for a “Resilience Revolution” in…
Vietnam ASF vaccine cleared for commercial sale
THE Department of Agriculture (DA) said on Wednesday that the Bureau of Animal Industry (BAI) approved the com…
Hotel association projecting 40,000 new rooms over 5 years
THE hotel industry is expected to expand by 40,000 rooms across 150 hospitality projects over the next five ye…
PHL has potential to again become Nissan’s leading market in ASEAN
NISSAN MOTOR Co., Ltd. said the Philippines could retain its top spot in the ASEAN market in vehicle sales, dr…
Photonics company Coherent seeking to expand Philippine manufacturing operation
THE Philippine Economic Zone Authority (PEZA) said Coherent II-VI Laser Enterprise Phils., Inc. is looking to …
Business name registrations down 13% in August
BUSINESS NAME registrations in August declined 13.3% year on year to 64,331, the Department of Trade and Indus…
Sugar outlook clouded by weather, pest infestation
THE Sugar Regulatory Administration (SRA) said it expects sugar production and exports to drop this year due t…
BIR, BoC on pace to hit targets as of August
THE Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) are on track to meet their revenue target…
NDC says access to Manila Golf by Roque ‘facilitates official functions’
THE National Development Co. (NDC) said its Manila Golf and Country Club (MGCC) membership is a state asset us…
Public trust and the promise of tax audit reform
During a recent visit to a BIR office, a sign caught my eye: “Public office is a public trust. Public officers…