MANILA, Philippines – The government’s outstanding debt rose to a new record high of P16.92 trillion in May, with a strong peso helping temper the increase. Data from the Bureau of the Treasury (BTr) showed state liabilities inched...
MANILA, Philippines — Veteran stock broker and former Philippine Stock Exchange (PSE) chair Harry Liu — who helmed the exchange at a challenging period following the Asian currency crisis – has died at the age of 77. Liu, who would...
MANILA, Philippines — Po family-led food retailer Shakey’s Pizza Asia Ventures Inc. plans to bring its flavored fries kiosk chain Potato Corner to new overseas markets, including Taiwan and Laos, as part of its growth and diversification...
MANILA, Philippines — Newly-installed Securities and Exchange Commission chair Francis Lim plans to reform regulations on real estate investment trust (REIT), empower corporate Philippines to tap global indices and pave the way for a...
MANILA, Philippines – Starting July 16, the maximum suggested retail price (MSRP) for imported rice will be lowered to P43 a kilo from the current P45. In a statement on Thursday, the Department of Agriculture said easing tensions...
UNITED STATES – Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company’s...
NEW YORK, United States – Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities. The EV...
WASHINGTON, United States – President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. The deal comes...
NEW YORK, United States – Major US stock indices closed at fresh records Wednesday following a US-Vietnam trade deal, while oil prices jumped after Iran suspended cooperation with the UN nuclear watchdog. Both the S&P 500 and...
OPINION: While governments talk a big game about building the Pilbara’s tourism industry, the latest business closure shows they have failed to deliver.
US President Donald Trump has announced a trade deal with Vietnam following weeks of intense diplomacy between the two countries and ahead of a deadline next week that would have resulted in higher tariffs on the country’s imports.
Red Bull co-owner Chalerm Yoovidhya is the richest person in Thailand this year with a net worth of US$44.5 billion, followed by the CP Group’s Chearavanont brothers with $35.7 billion, according to Forbes magazine.
In a statement on Wednesday, Peza also said it approved 133 projects in the first six months of the year, 10.83-percent more than the 120 approved last year. These are expected to add 32,983 direct jobs for Filipinos and generate $1.26...
From a fast-charging, attention-grabbing, market-defining enterprise just a few years ago, this company that daily commuters are very familiar with is said to be getting dangerously close to coming to a complete halt. Biz Buzz sources...
MANILA, Philippines – The loss-making American unit of food giant Del Monte Pacific Ltd. (DMPL) has put assets up for sale and sought bankruptcy court protection as part of a rehabilitation program drawn up with creditors. Del...
MANILA, Philippines – Procter & Gamble (P&G) Philippines, the Department of Trade and Industry (DTI) and startup support organization QBO Innovation have partnered to scale up a program aimed at addressing challenges in...
MANILA, Philippines – The Bangko Sentral ng Pilipinas is expected to continue reducing its benchmark interest rate in the remainder of this year, in tune with most other central banks in Southeast Asia. This is according to Bank of...
Concluded last June 30, the major oil firm saw strong traction from investors as the bond issuance was oversubscribed by P7 billion on top of the P25-billion base offer. READ: Petron profit hit P4.03B in Q1 2025 Petron said in a...
MANILA, Philippines – The Securities and Exchange Commission (SEC) aims to make it easier to register new businesses in the country with the launch of a help desk to handle on-site client inquiries, feedback and complaints at its...
BUGALLON, Pangasinan—Aboitiz Power Corp. is actively scouting for areas across the Philippines where it can set up new solar power plants. Leo Lungay, vice president and general manager for the group’s solar and wind business group, said...
MANILA, Philippines – Factory-gate prices remained in the red in May 2025, mainly amid a faster decline in the manufacturing sector, according to the Philippine Statistics Authority (PSA). The PSA said this was particularly due to...
MANILA, Philippines – The Insurance Commission (IC) plans to raise by as much as 53 percent the premiums on compulsory motor vehicle liability insurance (CMVLI) for business vehicles. The regulator has put the plan on paper and is...
(First of two parts) Decades ago, I was thrilled to chat with renowned psychologist Howard Gardner, who conceived the concept of multiple intelligences. He posits that everyone has not just a single general ability but eight...
MANILA, Philippines – Filipinos continued to lag behind their peers in Southeast Asia in terms of average income per capita, according to the World Bank (WB), which has retained the Philippines in the lower middle-income group for...
High Wycombe-based FBR has received its first payment of $US150,000 from Samsung Heavy Industries in relation to phase one of its shipbuilding automation project.