BRUSSELS, Belgium — The European Union on Tuesday approved US consumer goods giant Kimberly-Clark $48.7-billion purchase of major health company Kenvue after it agreed to divest feminine hygiene brands in Europe to keep…
Meant to support the former president's Build, Build, Build drive, DBP's ICONS program instead left the bank with P4.09 billion in overdue contractor loans
Apple is expected to show off newsmart home products, including an iPad-like device meant to hang on walls or perch on tabletops that will showcase its AI-upgraded Siri virtual assistant.
NEW YORK — Apple on Tuesday is expected to show off a new round of smart home products, including an iPad-like device meant to hang on walls or perch on tabletops that will showcase its AI-upgraded Siri virtual…
State auditors have flagged lapses in the Development Bank of the Philippines" (DBP) lending program for contractors under the Duterte administration"s "Build, Build, Build" infrastructure program, noting that most…
Cebu Pacific on Tuesday announced it will cancel all flights to and from Riyadh, Saudi Arabia scheduled until October 31 due to the tensions in the Middle East.
BMI expects Philippine bank lending growth to slow to 9% by end-2027 as tighter financial conditions weigh on loan demand and asset quality.
Modern jeepneys in Cebu are set to receive a P20,000 financial subsidy, the Land Transportation Franchising and Regulatory Board (LTFRB) Region VII said Tuesday.
Tight power supply could lift WESM prices in 2027, while nuclear development offers longer-term growth opportunities alongside execution and financing risks.
Asian port congestion may support ICTSI pricing and ancillary revenues, but throughput constraints, operating costs and DGT's recovery remain key risks.
Consumers may face higher electricity rates as the Super El Niño is expected to ramp up power demand and push up prices in the wholesale electricity spot market (WESM), the Manila Electric Co. (Meralco) warned Tuesday.
MANILA, Philippines — Manila Electric Company (Meralco) announced that electricity rates for October will go up to P15.0615 per kilowatt-hour (kWh) from P14.7424 per kWh recorded in September. For residential customers…
Expect too Meralco's higher distribution charges to kick in next month, but a newly approved refund could soften that impact on consumers
The NFA said rice imports are still needed in the country to fill supply gaps and prevent food insecurity as local production only covers about 70% to 78% of the country’s rice needs.
The Department of Labor and Employment (DOLE) on Tuesday reminded employers to properly compensate their workers during the two non-working days and one regular holiday in November 2026.
The Bureau of Internal Revenue (BIR) has ordered the Independent Electricity Market Operator of the Philippines (IEMOP) to withhold, account for, and remit taxes for electricity transactions in the wholesale electricity…
MANILA, Philippines — The Royal Norwegian Embassy in Manila organized and facilitated a study tour to Norway from 4–9 October for a Philippine delegation focused on Extended Producer Responsibility (EPR), Deposit Return…
Households should brace for a higher electricity bill this month, as Manila Electric Co. (Meralco) on Tuesday announced a rate increase for October, driven by higher generation charges which offset lower transmission…
The Department of Agriculture (DA) is working with the Municipality of Echague, Isabela as well as local farmers to expand the country"s ube production to meet the growing international demand for the root crop.
The Social Security System (SSS) has given five employers in Pasay City 15 days to settle P3.19 million in unpaid workers" contributions and penalties, warning that failure to comply could lead to criminal charges.
Workers in CALABARZON will receive a P750 increase in their monthly minimum wage starting October 26, the Department of Labor and Employment (DOLE) said Tuesday.
Even Google Philippines country manager Prep Palacios fell victim to a costly online scam: 'I'm a tech executive, and I was still fooled'
Excess condominium supply, rising costs, and expensive borrowing continue to constrain homebuyer demand in the Philippines, S&P Global Ratings Corporate Ratings Analyst Johann Tan said.
Here are the estimated new prices of local oil and fuel products for October 13-19, 2026.
LENDING has proven to be more resilient than expected, but credit growth will likely slow through 2027 as tighter financial conditions, high inflation and weak economic activity weigh on borrowing demand, a Fitch unit…
PRESIDENT Ferdinand Marcos Jr. urged Filipinos to prepare for a super El Niño, including collecting rainwater and planting their own vegetables at home, to minimize the impact from the weather pattern. In a press…
DMCI Homes of the Consunji Group has reached a major construction milestone for its 7.5-hectare Solmera Coast beachfront estate in Batangas, with the company completing the structural framework of all five buildings in…
THE Supreme Court has ordered the immediate release of businessman Joseph Cue Sy, the former chairman of listed Global Ferronickel Holdings Inc., accused of having falsified his citizenship. Sy, alleged to be a Chinese…
BANGKOK — Strong investment in AI infrastructure is keeping global growth at around 3 percent, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, International Monetary Fund…
BMI, a unit of Fitch Solutions, has raised its forecast for bank lending growth in the Philippines this year but warned that higher borrowing costs and sluggish economic activity could slow credit expansion through 2027.
BRITISH International Investment (BII), the United Kingdom’s development finance institution, says it will invest and mobilize $1.6 billion for climate projects in Southeast Asia over the next five years. BII will…
A LAUNDRY shop’s machines can run all day while its owner earns barely enough to keep the doors open. That is the challenge behind a familiar neighborhood business. Laundry shops have multiplied near condominiums…
The province of Cebu is reaping gains from its intensified tourism promotions and stronger international connectivity as tourist arrivals grew double digits in eight months this year.
THE Department of Agriculture (DA) on Monday said it has provided P40.95 million worth of farm assistance and irrigation infrastructure to boost productivity in Nasugbu, Batangas. The package includes a P29.8-million…
THE Department of Trade and Industry (DTI) is highlighting product safety, clean energy and responsible artificial intelligence use at the 52nd National Standards Week on Oct. 12–15. Through its Bureau of Philippine…
For many Filipinos, insurance is seen primarily as protection for difficult moments: an illness, an accident, the loss of a breadwinner or damage caused by a natural disaster.
INVESTOR demand for Mynt Inc.’s initial public offering (IPO) exceeded share allocations at several brokerages, with one firm reporting subscriptions more than four times its assigned quota, as investors bet on the…
PHILEX Mining Corp. workers went on strike on Sunday over a collective bargaining deadlock but the company said that operations at its Padcal mine remained unhampered. In a disclosure Monday, the mining firm said the…
Congestion at major Asian container ports could take months to ease, with weather disruptions and operational bottlenecks tying up ships, squeezing capacity and driving freight rates higher.
That's every story in Business for Tue 13 Oct.
Open this day's editionsMon 12 Oct in Latest