US government shuts down after Senate impasse
The US government officially shut down early Wednesday after both Republican and Democratic funding bills failed in the Senate, leaving federal agencies without a budget and triggering the suspension of nonessential services.
ICTSI named lead company in 2025 Global Innovation Index
International Container Terminal Services Inc. (ICTSI) has been recognized as the Philippines’ top company for intangible asset intensity in the 2025 Global Innovation Index released by the World Intellectual Property Organization (WIPO).
IMI consolidates China operations in Pingshan
Integrated Micro-Electronics Inc. (IMI), one of the world’s leading electronics manufacturing solutions providers, has completed the transfer of its Kuichong manufacturing operations to its nearby facility in Pingshan, Shenzhen.
Ayala, Spinneys join forces for premium retail
Ayala Corp., the diversified investment holding company of the Ayala Group, is partnering with United Arab Emirates‑based Spinneys, a leading premium fresh‑food supermarket chain, to launch Spinneys stores in the Philippines—a move that deepens Ayala’s push to bring global retail standards to Filipino consumers.
Foreign investments surge, push PH net liabilities higher
The country's international investment position (IIP) posted a net external liability of US$68.3 billion as of end-June 2025, according to latest figures from the Bangko Sentral ng Pilipinas (BSP).
