Business World

WHEN the Cotabato Trench ruptured on June 8, 2026, the magnitude 7.8 earthquake it unleashed did more than shake buildings and trigger aftershocks. It physically reshaped the coastline of southern Mindanao. Entire stretches of coral reef in Sarangani and Davao Occidental were lifted abruptly out of the sea, leaving once‑submerged …

MONETARY authorities raised key interest rates by another quarter-point on Thursday, citing the need to combat persistent inflationary pressures. The Bangko Sentral ng Pilipinas’ (BSP) benchmark rate now stands at 4.75 percent while those for its overnight deposit and lending facilities are at 4.25 percent and 5.25 percent, respectively. “In …

NEW YORK — The average US price for a gallon of gas fell below $4 on Thursday, hitting a level not seen since the first full month of the war with Iran and providing a bit of relief to consumers squeezed by soaring costs. Although the tentative peace deal between …

MANILA, Philippines — Diesel and gasoline prices are estimated to decrease next week, as the global market reacted to the interim peace deal signed between US and Iran, local oil industry sources said on Friday. They said that diesel prices were expected to drop by around P7.50 to P9.50 per …

*****Credit belongs to : www.manilatimes.net/

MANILA, Philippines — Interpol has issued a red notice against Maria Francesca Tan, chief executive officer of MFT Group of Companies Inc., marking a major escalation in the cross-border pursuit of the embattled executive over an alleged large-scale investment scam. The red notice, published on May 25, requests law enforcement …

SAN FRANCISCO — Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with the Wall Street Journal published Wednesday. “Unfortunately, price increases are unavoidable,” he told the …

MANILA, Philippines — Globe Telecom Inc. on Wednesday announced that Mynt Inc., the technology behind GCash, is planning to move forward with its Initial Public Offering (IPO) listing. In a disclosure to the Philippine Stock Exchange (PSE), Globe said that Mynt's board of directors and shareholders have authorized the company’s …

*****Credit belongs to : www.manilatimes.net/

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said Tuesday that the private equity firm LongRange Capital will buy Pizza Hut, excluding the mainland China business, for about $1.5 billion. …