BREAKING NEWS: Business (2)

Oil prices up this week after back-to-back cuts

Tue, 15 Jul 2025 02:11:49 +0000

After reducing their prices in the past two weeks, oil companies will implement hikes effective on July 15 due to renewed attacks targeting cargo ships in the Red Sea as well as concerns over a potential drop in global oil production. In separate advisories on Monday, Jetti Petroleum, Seaoil, Clean Fuel and Petro Gazz said

MSMEs not getting enough funding support from Philippine banks

Tue, 15 Jul 2025 02:10:51 +0000

MANILA, Philippines – Loans to micro, small and medium enterprises (MSMEs) fell below the prescribed level in the first quarter, as banks remained hesitant to lend to the crucial sector due to perceived high risk of possible default. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed total loans to MSMEs reached P546.82 billion

Gov’t warned vs using agri sector as bargaining chip

Tue, 15 Jul 2025 02:09:51 +0000

MANILA, Philippines – The Federation of Free Farmers (FFF) cautioned the Philippine government against using the agriculture sector as a bargaining chip to lower the tariff on Philippine exports, as this could have a detrimental effect on the industry. “This is not only unfair, but could be devastating, to the country’s farmers and agricultural sector,”

SEC suspends Jia Financing

Tue, 15 Jul 2025 02:08:51 +0000

MANILA, Philippines – The Securities and Exchange Commission (SEC) has suspended another company for 60 days for violating a moratorium on launching new online lending platforms, representing the agency’s latest move to protect investors from possible fraud. In an order dated July 10, the corporate watchdog said Jia Financing Inc. had been operating a website

BIZ BUZZ: Lucky Chinatown’s new wing

Tue, 15 Jul 2025 02:07:51 +0000

It seems everyone is now looking for something new, especially in the retail space. The historic (and iconic) Chinatown in Binondo, Manila, which teems with local and foreign tourists alike no matter the season, is set to benefit from a developer’s expansion plan. We’re talking about Megaworld Corp., the developer behind Lucky Chinatown. READ: BIZ

Aboitiz Power building 30-MW energy storage in Cebu

Tue, 15 Jul 2025 02:06:51 +0000

MANILA, Philippines – Aboitiz Power Corp. will develop a 30-megawatt (MW) hybrid battery energy storage system (BESS) at Mactan Economic Zone in Cebu, one of the first large-scale facilities of this kind in Central Visayas. Once operational by the first half of 2026, the BESS project seen to bolster electricity reliability for the growing Visayas

SEC moves to clear application backlog

Tue, 15 Jul 2025 02:05:51 +0000

MANILA, Philippines – Requests left unaddressed beyond the prescribed processing time at the Securities and Exchange Commission (SEC) will be “deemed approved” to promote strict adherence to the corporate watchdog’s existing guidelines and ease of doing business. In its Memorandum Circular No. 7, Series of 2025, the SEC reiterated that simple transactions, or routine applications

DA to tackle rice farmers’ concern on price downturn

Tue, 15 Jul 2025 02:04:51 +0000

MANILA, Philippines – The Department of Agriculture (DA) plans to conduct ground-level consultations and tackle the recent downturn in rice prices ahead of Congressional deliberations on the Rice Industry and Consumer Empowerment (RICE) Act. In a statement on Monday, the DA said it would gather inputs or suggestions from farmers and legislators to craft a

Agri group presents wish list for coffee, major farm products

Tue, 15 Jul 2025 02:03:51 +0000

MANILA, Philippines – The government is urged to invest billions in key high-value crops, including coffee, to support local farmers and boost the export of agricultural commodities that contribute millions of dollars to the economy. In a statement on Monday, the Philippine Chamber of Agriculture and Food Inc. (Pcafi) proposed earmarking P1 billion to build

PSE gains from PDS takeover

Tue, 15 Jul 2025 02:02:51 +0000

MANILA, Philippines – Gains from its takeover of the country’s bond trading platform boosted the earnings of Philippine Stock Exchange Inc. (PSE) by 25 percent in the first half of the year, offsetting foreign exchange losses. In a regulatory filing on Monday, the operator of the local bourse said its bottom line in the January

Business-friendly SEC fees

Tue, 15 Jul 2025 02:01:51 +0000

Shortly after Securities and Exchange Commission (SEC) Chair Francis Ed Lim assumed office last month, the SEC reduced by 50 percent the rates for documents in its database that the public can request copies of. The most requested documents are articles of incorporation (or partnership), by-laws and general information sheet (GIS). The GIS, which is

Japan's Aozora, Resona plan $1.4bn in private credit funds amid M&A surge

Mon, 14 Jul 2025 19:45:17 +0000

Bitcoin soars as hopes rise for Trump's cryptocurrency vision

Mon, 14 Jul 2025 19:45:16 +0000

Trump tariffs push Indonesia, Thailand toward trade deals with EU

Mon, 14 Jul 2025 19:45:16 +0000

Hudson's Bay fires back at lender seeking termination of Ruby Liu deal: court docs

Mon, 14 Jul 2025 19:28:53 +0000

A new court filing from Hudson’s Bay chief financial officer pushes back on calls from one of the retailer's biggest lenders to subject it to more oversight because it allegedly mishandled its liquidation and is hopelessly pursuing a deal to sell 25 of its leases.

Tech reporter Bursztynsky joins comms firm

Mon, 14 Jul 2025 19:12:42 +0000

Technology reporter Jessica Bursztynsky has joined SISU, a communications firm helping venture capital firms and startups. She left Fast Company last month. She covered the gig economy with an additional focus on consumer internet companies. Bursztynsky previously spent three-and-a-half years at CNBC. She joined as a breaking news desk intern and then served as associate reporter. She held reporter […]

Forbes shuffles leadership, aiming for more growth

Mon, 14 Jul 2025 19:05:18 +0000

Forbes announced changes to its leadership on Monday, looking to boost its future growth and artificial intelligence opportunities. Nina Gould was promoted to chief innovation officer, overseeing Forbes’ technology and product businesses. She will oversee Forbes’ technology, product and product design, data and business intelligence, audience growth and development, accolades and eCommerce businesses and brand […]

TikTok given permission to challenge €530m fine over transfer of personal data to China

Mon, 14 Jul 2025 18:11:12 +0000

At the High Court on Monday, Ms Justice Mary Rose Gearty granted permission for TikTok to pursue a legal challenge against the DPC decisions and put a stay on them pending the outcome of the legal review.

China exports beat forecasts in June after US tariff truce

Mon, 14 Jul 2025 18:10:37 +0000

BEIJING, China – China’s exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed on a tentative deal to lower swinging tariffs on each other. Data from the General Administration of Customs said exports climbed 5.8 percent year-on-year, topping the five percent forecast in a Bloomberg survey of economists.

Order blocking illegal streaming of Premier League football is extended

Mon, 14 Jul 2025 18:08:03 +0000

The order applies to Eircom trading as eir, Virgin Media Ireland, Sky Ireland/Sky Subscriber Services, and Vodafone to block the IP addresses of the illegal streamers.

R Doraiswamy appointed MD & CEO of LIC

Mon, 14 Jul 2025 18:03:39 +0000

The government on Monday appointed R Doraiswamy as head of state-owned insurance behemoth Life Insurance Corporation of India

4-day trade talks between India and US to start today

Mon, 14 Jul 2025 18:02:12 +0000

An Indian commerce ministry team has reached Washington for another round of talks from Monday on the proposed bilateral trade agreement (BTA), an official said.Chief negotiator of India and special secretary in the Department of Commerce, Rajesh Agrawal, will join the team on Wednesday.

European markets drop after Trump’s latest tariff warning

Mon, 14 Jul 2025 18:01:21 +0000

HONG KONG, China – European markets mostly fell Monday while Asia was mixed as investors digested Donald Trump’s latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 percent tariffs. The US president’s outburst came after a series of announcements last week including warnings of 50 percent levies

HCLTech Q1 net profit dips 9.7%; revenue rises 8.1%

Mon, 14 Jul 2025 17:29:54 +0000

HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26.HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing.

LVMH’s Loro Piana placed under court administration over worker exploitation

Mon, 14 Jul 2025 17:12:52 +0000

Cashmere brand becomes fifth fashion house to be monitored in probe into labour rights violations in Italian supply chains

Car stocks drive narrow losses for European shares

Mon, 14 Jul 2025 17:12:48 +0000

London’s FTSE stood out against its European counterparts by closing at a fresh record high

NatWest to sell remaining 11.7% stake in PTSB

Mon, 14 Jul 2025 16:59:51 +0000

UK lender continuing its exit from the Republic

TikTok given High Court permission to challenge €530m fine over transfer of personal data to China

Mon, 14 Jul 2025 16:52:27 +0000

Ireland and the Attorney General are joined as respondents to the proceedings

The Information is launching a live video show

Mon, 14 Jul 2025 16:51:53 +0000

The Information on Monday launched its first live video product, “TITV”, hosted by reporter Akash Pasricha, reports Sara Fischer of Axios. Fischer reports, “The video format allows The Information to give its readers, who are mostly tech and business professionals, a peek behind the curtain into how the outlet’s editorial decisions are made. “Co-founder and CEO Jessica […]

China stocks climb on higher dividends, led by bank shares

Mon, 14 Jul 2025 16:45:11 +0000

Japan's auto investment pitch fails to sway US in tariff talks

Mon, 14 Jul 2025 16:45:11 +0000

Foxconn EV buses set to enter Japan on back of Taiwan subsidies

Mon, 14 Jul 2025 16:45:11 +0000

T-bill rates down on tariff-led woes

Mon, 14 Jul 2025 16:43:18 +0000

MANILA, Philippines – Yields on short-dated local government debts fell for the second straight week on Monday, as the slew of post-Liberation Day tariffs announced early this month fan worries on the global economy, which may spur further interest rate cuts. As a result, the Bureau of the Treasury (BTr) was able to raise P28.4

The Economist signs its first AI-focused deal

Mon, 14 Jul 2025 16:42:23 +0000

The Economist announced Monday that it has signed its first AI-focused deal with Google’s NotebookLM. The NotebookLM now includes expert analysis and predictions for the year 2025 as shared in The World Ahead annual report by The Economist “This is the first AI-focused partnership The Economist has signed and we are excited for NotebookLM users […]

PSEi rallies above 6,500

Mon, 14 Jul 2025 16:33:55 +0000

MANILA, Philippines – The local bourse rallied above the 6,500 level on Monday as investors shifted their focus to the diversified conglomerates to cope with changing economic conditions. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) had climbed by 1.01 percent, or 65.16 points, to 6,525.04. Likewise, the broader All Shares Index

Reuters hires Winter to cover domestic intelligence

Mon, 14 Jul 2025 16:29:51 +0000

Jana Winter has been hired by Reuters in the Washington bureau as a U.S. intelligence and law enforcement correspondent, focusing on the FBI and other national domestic security agencies. Winter has two decades of experience reporting on the nexus of law enforcement, crime and national security. She has worked at outlets such as the New York […]

Order blocking illegal streaming of Premiership football is extended by court

Mon, 14 Jul 2025 16:21:08 +0000

Directive first made in 2019 following an application

CNBC promotes Duffy to new role

Mon, 14 Jul 2025 16:17:20 +0000

CNBC senior vice president Dan Colarusso sent out the following on Monday to the staff: Team, Our audience is at the core of who we are and what we do, and their connection to our brand is what sets us apart. We’re relentlessly committed to delivering content, experiences and value that reflect their needs and deepen their […]

Construction firm sues for €7.4m over alleged defects in glazing to Dublin office block

Mon, 14 Jul 2025 16:16:29 +0000

It is claimed there was leaking arising out of the works completed by TEF at the Exo Building and glazing supplied was defective

EU warns China against ‘dumping’ EVs in Europe

Mon, 14 Jul 2025 16:03:13 +0000

European Commission vice-president Teresa Ribera focused on preserving level playing field

Retail inflation eases to over 6-yr low of 2.1% in Jun

Mon, 14 Jul 2025 15:02:13 +0000

Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.

Panasonic opens second US battery plant in state of Kansas

Mon, 14 Jul 2025 13:45:49 +0000

Cambodia to start military conscription from 2026, Hun Manet says

Mon, 14 Jul 2025 13:45:49 +0000

What is next for the Air India crash probe? 4 things to know

Mon, 14 Jul 2025 13:45:49 +0000

Australia-US military exercises kick off amid regional pressure

Mon, 14 Jul 2025 13:45:49 +0000

State ‘well positioned’ despite uncertain markets, NTMA says

Mon, 14 Jul 2025 13:37:09 +0000

Republic still has still has debt of more than €200bn

Euro partially recovers after dip on tariff announcement

Mon, 14 Jul 2025 12:58:37 +0000

Donald Trump said that it would be a ‘great thing’ if Federal Reserve chair Jerome Powell stepped down

Thai govt loans to cushion blow of Trump tariffs

Mon, 14 Jul 2025 12:41:00 +0000

The Government Savings Bank (GSB) has been ordered to provide 200 billion baht in soft loans to support Thai entrepreneurs hit by US President Donald Trump's tariff measures.

Thailand tightens e-commerce control

Mon, 14 Jul 2025 12:26:00 +0000

Government agencies have further tightened oversight of digital platforms and products available via online channels to ensure consumer benefit and prevent sales of subpar products.

Tourism body estimates revenue to miss B3tn target

Mon, 14 Jul 2025 12:21:00 +0000

The Tourism Authority of Thailand (TAT) estimates that tourism revenue this year will reach 2.87 trillion baht, a shortfall from the 3-trillion-baht target due to the sluggish Chinese market and global uncertainties, but it still anticipates 7% growth to 3 trillion baht in 2026.