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Business World Philippines - March 05, 2026

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March 05, 2026

Gov’t moves to shield OFW money

THE GOVERNMENT is preparing measures to protect remittance flows and cushion the domestic impact of escalating tensions between Israel and Iran, the presidential palace said on Wednesday, as President Ferdinand R. Marcos, Jr. ordered agencies to safeguard overseas Filipinos and monitor risks to fuel prices and financial markets.

4 mins

UBS sees Philippine growth at low end of 5%-6% goal this year

PHILIPPINE economic growth may land at the bottom of the government's 5% to 6% goal this year as investment slowly recovers from last year’s flood control scandal, UBS Investment Bank Global Research said.

2 mins

BSP wants banks to use server-side biometrics to combat financial fraud

THE Bangko Sentral ng Pilipinas (BSP) wants to require banks to enforce server-side biometric authentication to verify users and secure customer-initiated transactions amid rising financial fraud risks.

1 mins

Frontloaded issuance pushes PHL debt to P18.13 trillion

THE PHILIPPINES’ outstanding National Government (NG) debt rose to P18.13 trillion at the end of January, as the state accelerated borrowing at the start of the year to lock in funding ahead of global market volatility.

2 mins

Digido Finance Corp. files appeal after SEC order

DIGIDO FINANCE CORP. said it has fully complied with directives following the Securities and Exchange Commission’s (SEC) Feb. 18 order, including suspending loan issuance while preserving its right to challenge the decision.

1 mins

ICTSI income rises 23% to $1.05B on cargo growth

RAZON-LED International Container Terminal Services, Inc. (ICTSI) posted a 23% increase in attributable net income for 2025, reaching $1.05 billion on the back of higher cargo volumes across its port operations.

2 mins

JFC’s Highlands Coffee eyes Vietnam IPO by 2027

JOLLIBEE FOODS CORP. (JFC) said its subsidiary Highlands Coffee’s board is evaluating a standalone initial public offering (IPO) and listing in Vietnam, with a target completion by the first quarter of 2027.

2 mins

ATI nears delisting after receiving majority of tendered shares

ASIAN TERMINALS, INC. (ATI) is moving closer to its planned delisting after receiving sufficient shares from minority stockholders, the listed company said on Wednesday.

1 mins

Meralco to review fuel mix as Middle East tensions risk electricity costs

POWER DISTRIBUTOR Manila Electric Co. (Meralco) said on Wednesday it will review its fuel mix, including liquefied natural gas, coal, and diesel, as shifts in global fuel prices driven by the Middle East conflict could affect electricity costs.

2 mins

Apple launches new MacBooks with M5 chips, bigger storage

APPLE on Tuesday unveiled updated MacBook Air and MacBook Pro models, featuring its latest M5-series chips and bigger base storage, in a bid to lure buyers in a softening PC market squeezed by rising memory costs.

1 mins

PLDT expands direct-to-device satellite tests to Ilocos Norte

PLDT INC., through its wireless subsidiary Smart Communications, Inc., is expanding its direct-to-device satellite connectivity tests to northern Ilocos Norte.

1 mins

Chevron invests P181.6 million to upgrade Lapu-Lapu terminal

AMERICAN multinational energy company Chevron said it has invested $3.1 million (P181.6 million) to upgrade its terminal in Lapu-Lapu City, Cebu, boosting its storage capacity to 150,000 barrels.

1 mins

Over 60% of Asia-Pacific enterprises plan to increase sovereign Al spending

MORE THAN 60% of enterprises in Asia-Pacific (APAC) plan to increase their sovereign cloud and artificial intelligence (AI) investments over the next two years as countries in the region advance their digitalization goals, according to Accenture Research.

2 mins

End of the road for tax refunds?

TAXWISE OR OTHERWISE

3 mins

Fisheries advocates express support for Senate vessel monitoring probe

MARINE conservation organization Oceana Philippines and fisherfolk federation PANGISDA Pilipinas said they support a Senate investigation into the Bureau of Fisheries and Aquatic Resources (BFAR) and its implementation of vessel monitoring systems.

1 mins

Marcos to deepen economic reforms to attract investors from South Korea

PRESIDENT Ferdinand R. Marcos, Jr. said on Wednesday that he will modernize the investment process and make the rules more predictable, assuring the South Korean business community of impending reforms designed to reduce the cost of doing business and enhance the Philippines’ competitiveness.

2 mins

Manufacturers asked to hold prices of basic goods steady

THE Department of Trade and Industry (DTI) said it is in talks with manufacturers to maintain the price of basic goods while the situation in Iran shakes out.

1 mins

DICT seeks $500-M WB loan for middle-mile fiber

THE Department of Information and Communications Technology (DICT) said it is seeking a $500-million loan from the World Bank (WB) to finance the middle-mile fiber component of the national broadband project.

1 mins

Rice prices seen remaining stable throughout Iran crisis

THE Department of Agriculture (DA) said prices of rice will remain stable in the following months, with the risks posed by the Iran crisis on farmers’ fuel and transport costs offset by inventory levels boosted by the ongoing harvest as well as imports.

2 mins

The ASEAN economic agenda and the Philippines' fiscal condition

Last week, on Feb. 24, I attended the ASEAN Editors and Economic Opinion Leaders Forum at the Fairmont Hotel in Makati. Organized by the Department of Trade and Industry (DTI), it was a huge forum with a huge audience.

3 mins

Malayo sa bituka... or so they think

I suspect many Filipinos who struggle to make ends meet each day regard China’s coercion in the West Philippine Sea (WPS) this way: it’s hardly a gut issue.

7 mins

Marketing nostalgia

CERTAIN BARS cater to a niche market that is seduced by the songs (and dances) of the '60s and '70s.

3 mins

No work permits for foreigners

STATIC MARVIN TORT

4 mins

Blackstone's $4-billion New World talks stall over control

TALKS between Blackstone and New World Development have stalled, as the Cheng family resists giving up control of the Hong Kong property developer, Bloomberg News reported on Wednesday, citing people familiar with the matter.

1 mins

Airline, travel industries scramble with fallout from Middle East conflict

— The airline and tourism industries scrambled to deal with the fallout from the escalating US and Israeli air war against Iran, while governments rushed to bring stranded travelers home from the Middle East following the cancellation of more than 20,000 flights in recent days.

2 mins

Toyota’s buyout deal is a bigger win for Elliott than for governance

Toyota’s decision to further sweeten its bid for group company Toyota Industries marks a win for activist fund Elliott Investment Management, which had pushed the automaker for months for a heftier bump up in price.

3 mins

Taiwan indicts 62 over suspected scam center operator Prince Group

Taipei prosecutors on Wednesday indicted 62 people linked to the Prince Group, a multinational network accused of running a vast network of scam centers, including the company’s chairman who was arrested and deported to China from Cambodia earlier this year.

1 mins

European Union to lay out local content rules to strengthen manufacturing, cut China reliance

The European Commission will unveil plans on Wednesday to boost the competitiveness of the European Union's (EU) manufacturing sector during its drive to decarbonize and avoid reliance on cheap Chinese goods by setting local content requirements.

1 mins

S. Korean parliament to hold March 12 vote on US investment bill amid tariff pressure

South Korea’s ruling and opposition parties agreed on Wednesday to pass a special bill on March 12 to enable major investments in the US under a bilateral trade deal, moving to meet Washington's expectations after recent pressure over delays.

1 mins

Netanyahu’s war alliance with Trump faces test as Iran conflict widens

Israeli Prime Minister Benjamin Netanyahu delivered on a career-long ambition to topple Iran’s leadership, but his lockstep alignment with US President Donald J. Trump faces a test as their joint military campaign threatens to drag on, with its goals potentially shifting in the coming weeks.

5 mins

Philippines, China finalizing joint coast guard agreement

MANILA and Beijing are finalizing details of a cooperation agreement between the Philippine Coast Guard and the China Coast Guard as they move to conclude negotiations, the Department of Foreign Affairs (DFA) said on Wednesday.

2 mins

House panel urged to seek alternative CHED funding as travel tax cut advances

THE Commission on Higher Education (CHED) on Wednesday urged lawmakers to consider alternative funding sources for its tertiary education support program, as its chief warned of shortfalls should the government decide to abolish the travel tax.

1 mins

ASEAN foreign ministers call for immediate halt to hostilities in Middle East

FOREIGN MINISTERS of the Association of Southeast Asian Nations (ASEAN) member states called for the immediate cessation of hostilities in the Middle East, describing it as a “regrettable” escalation of conflict.

2 mins

PHL House panel finds 'substance' in impeachment raps against VP Duterte

A HOUSE of Representatives panel on Wednesday found the impeachment complaints against Vice-President (VP) Sara Duterte-Carpio sufficient in “substance,” moving the cases forward to a congressional inquiry that will determine whether the charges should be elevated to the Senate for trial.

3 mins

Chinese billionaire buys Dolphins stake at $12.5-billion valuation

CHINESE-AMERICAN tech billionaire Lin Bin purchased a small stake in the Miami Dolphins at a valuation of $12.5 billion, a record for a publicly known minority transaction, Sportico reported on Tuesday.

1 mins

PHL women’s football team Filipinas battle powerhouse South Korea in AFC Women’s Asian Cup

THE gutsy stand in the narrow 0-1 loss to host Australia has strengthened the Filipinas’ belief that they could compete against the powerhouses in the AFC Women’s Asian Cup.

1 mins

Altamirano to coach UP women’s basketball squad; Kieffer Alas committed to team Ateneo

UNIVERSITY of the Philippines (UP) legend Eric Altamirano came home to Diliman to mentor its women’s basketball team while former De La Salle University sensation Kieffer Alas committed to rival Ateneo de Manila University for collegiate play as team ushered in their offseason moves for the much-awaited UAAP Season 89 later this year.

2 mins

Cignal, PLDT eye PVL top four against ZUS Coffee, Farm Fresh

SIBLING rivals Cignal and PLDT will try to close in on a top four finish in the preliminaries that would give them an easier path to the semifinals as they battle separate foes in the PVL All-Filipino Conference at the FilOil Arena.

1 mins

Youth-laden Converge set to unleash Williams in tandem with Stockton and Gomez de Liaño

CONVERGE is set to unleash the comebacking Mikey Williams who will form a deadly backcourt tandem with Alec Stockton and rookie sensation Juan Gomez de Liaño.

1 mins

Weddings are in full swing at the Makati Shang (But there are still things to do at the hotel)

THE Makati Shangri-La held a lunch on Feb. 26 to show off what they can do for their wedding crowd in matters of food.

1 mins

Cancer risk is lower for vegetarians but not vegans, study finds

VEGETARIAN diets are linked with a lower risk of several cancers including pancreatic, breast, and prostate, according to a study that found no similar benefit - and even a higher chance of colon cancer — among vegans.

2 mins

Watami (and The Bistro Group) jazz things up

WHEN WE visited Watami at S Maison for a tasting on Feb. 27, there wasn’t anything that we haven’t tried before — we already

2 mins

Seven-day term deposits fetch lower average rate

THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched a slightly lower average yield on Wednesday as the market expects that headline inflation remained within target in February despite an anticipated pickup.

2 mins

Metrobank Plans sustainability bond offer

METROPOLITAN Bank & Trust Co. (Metrobank) wants to raise at least P5 billion from its first issuance of ASEAN Sustainability fixed-rate notes that would mark its return to the domestic debt market after more than three years.

1 mins

Financial firms must strengthen safeguards against scams, fraud

PHILIPPINE FINANCIAL institutions must strengthen their safeguards against consumer risks like fraud and cyberattacks as the rapid digitalization of the industry heightens its exposure to threats, FinTech Alliance PH said.

1 mins

Salmon Bank gets P400-M capital boost from parent

SALMON BANK (Rural Bank), Inc. has received P400 million in fresh capital from its parent company Salmon Group Ltd to support its continued asset growth and the rollout of new products.

1 mins

PSEi sinks to 6,300 range, joins Asia stock rout

PHILIPPINE SHARES sank on Wednesday to pull the main gauge back to the 6,300 level, joining a regional rout, on heightened inflation concerns as the ongoing conflict in the Middle East continued to drive up oil prices.

2 mins

Monthly lifeline proposed for informal settler families

LEYTE REP. Ferdinand Martin G. Romualdez, alongside Tingog Party-list Rep. Jude Acidre, has introduced House Bill No. 7230 to establish a national rental housing subsidy program.

1 mins

Makati Medical Center named one of the 'World's Best Hospitals' for 2026

MAKATI MEDICAL CENTER (MakatiMed) has earned a place among the Top 250 World's Best Hospitals for 2026, as ranked by Newsweek in partnership with Statista.

1 mins

PLDT listed in S&P Global yearbook for second straight year

PLDT Inc. (PLDT) continues to be listed among the world’s best performing companies in corporate sustainability as it makes it to the S&P Global Sustainability Yearbook 2026 for the second consecutive year.

1 mins

Filinvest City boosts parkside living within Metro Manila

THE URBAN LIVING ideals of today emphasize wellness and convenience, with days flowing seamlessly between calm and the city’s energy.

1 mins

MAGGI inspires nutritious home cooking among youth through cook-off

MAGGI Philippines, together with the Nestlé Wellness Campus and in partnership with the Department of Education, held the MAGGI Sarap Sustansya Cook-Off 2026 at the Center for Culinary Arts (CCA) Manila, Taguig City.

1 mins

SMDC scales up Visayas presence with infra-first expansion

SM DEVELOPMENT CORP.

1 mins

Regulators, fintechs identify approaches toward affordable credit

REGULATORS, policymakers, and lending industry leaders, including Salmon, Billease, LenderLink, and ADVANCE.

1 mins

Aluminum price rises as Qatalum initiates production shutdown

Aluminum rose on Tuesday after Norsk Hydro’s joint venture in Qatar initiated a shutdown of its aluminum production, as the US and Israeli war with Iran spilled into neighboring countries.

1 mins

Sugar up but gains capped by bets Iran war will be short-lived

NEW YORK — Sugar prices rose on Tuesday, though bullish sentiment was tempered by bets the Iran war will not last long enough to significantly dent supplies.

1 mins

Gold bullion retreats on strong dollar

GOLD PRICES drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation concerns intensified amid fears of a potentially prolonged Middle East conflict.

1 mins

US stocks close lower as Middle East conflict fans inflation fears

US stocks ended sharply lower on Tuesday as investors worried the Middle East conflict may persist long enough to ramp up inflation.

2 mins

Crude oil prices surge nearly 5% as Middle East conflict intensifies

Oil prices settled up 4.7% on Tuesday, the highest since January 2025, as US-Israel battles with Iran intensified, disrupting energy shipments from the Middle East and stoking fears of a longer conflict.

2 mins

Lees alle verhalen van Business World Philippines

Business World Philippines Description:

Uitgever: Philstar-Daily-Inc.

Categorie: Newspaper

Taal: English

Frequentie: Daily

BusinessWorld, the country’s leading business newspaper represents five decades of professional economic journalism. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper. BusinessWorld considered a standard of fairness, credibility and integrity in the journalistic world. Today, the business paper comes out Mondays through Fridays (with a Saturday exclusive online edition) with a national circulation of 151,000 as of 2016.