Category: Business

Business

COLOMBO’S LUXURY TOWERS ARE SELLING FAST.WHAT HAPPENS IF THE PROPERTY BOOM TURNS?

Sri Lanka’s Luxury Property Boom Is Accelerating—But Regulation May Not Be Keeping Up Colombo, Sri Lanka — Sri Lanka’s luxury property market is entering a potentially decisive phase as high-end condominium prices climb, major developments advance in Colombo Port City and investors increasingly view apartments as financial assets rather than simply homes. But behind the glittering towers is a growing regulatory question: Can Sri Lanka’s institutions keep pace with a property market that is bec

September 1, 2026

Business

Jollibee Makes a Major Listing U-Turn—Why Hong Kong Could Beat the U.S. for Its Global Business

MANILA, Philippines — Jollibee Foods Corp. is shifting course on one of its biggest corporate moves, with the Philippine fast-food giant now planning to list its international business in Hong Kong instead of the United States. The company said Tuesday that it is progressing with the separation of its international operations under Jollibee Foods Corporation International (JFCI), which is being prepared for a planned spin-off and listing on the Hong Kong Stock Exchange (HKEX). The move marks a

September 1, 2026

Business

Fuel Prices Drop by Nearly ₱4/L as September Begins — But the Relief Could Be Short-Lived as Oil Jumps Again

MANILA, Philippines — Filipino motorists are getting a much-needed break at the start of the “Ber” months, with oil companies slashing diesel and kerosene prices by nearly ₱4 per liter beginning Tuesday, September 1. But the celebration at the pump may have to be tempered. While diesel, gasoline and kerosene prices are moving lower this week, fresh tensions in the Middle East have already pushed international crude prices higher again — raising the possibility that this week’s unusually large

September 1, 2026

Business

₱75 MORE FOR EVERY RESORT VISIT? UP STUDY REVEALS WHAT COULD HAPPEN TO MT. MAKILING’S WATER SUPPLY

LAGUNA, Philippines — Would resort-goers be willing to pay a little more to help protect the water resources beneath Mt. Makiling? A study by researchers from the University of the Philippines Los Baños (UPLB) suggests the answer is largely yes—with visitors indicating an estimated willingness to pay ₱75 per resort visit for improved groundwater conservation. But there is an important catch: the ₱75 is not an existing environmental fee, nor is it currently being collected from resort visitors.

September 1, 2026

Business

Tesla Faces New Legal Pressure in Australia as Judge Considers Access to Its Secret Engineering Systems

SYDNEY — Tesla is facing another major legal hurdle in Australia after a Federal Court judge suggested that an independent expert could be given access to the company’s internal engineering systems as part of a class-action lawsuit involving thousands of Tesla owners. The proposal by Federal Court Judge Tom Thawley could change the way the long-running case handles the discovery of technical evidence, potentially allowing an independent expert to examine Tesla’s engineering platforms directly r

September 1, 2026

Business

Brazil Just Rewrote the Rules for Concert Tickets — And Resellers May Have to Reveal the Number Fans Rarely See

Brazil is taking aim at one of the biggest frustrations facing concertgoers worldwide: tickets that disappear in seconds, unexplained fees that appear at checkout and seats that quickly reappear on resale sites at sharply higher prices. President Luiz Inácio Lula da Silva signed new regulations on August 31 governing the sale and resale of tickets for cultural and entertainment events, introducing tougher transparency requirements for ticketing companies and new measures designed to stop automa

September 1, 2026

Business

South Korea’s Factories Keep Growing for 9 Straight Months—But One Number Reveals What’s Really Driving the Boom

SEOUL — South Korea’s manufacturing sector continued its expansion in August, extending its growth streak to nine consecutive months as strong export demand helped keep the country’s factories moving despite a modest slowdown in overall new orders. The seasonally adjusted S&P Global Purchasing Managers’ Index (PMI) fell to 52.3 in August from 53.1 in July, but remained comfortably above the 50-point threshold that separates expansion from contraction. The latest reading means South Korean facto

September 1, 2026

Business

Hans Sy and Wife Caroline Joined Richard Lim’s Birthday Surprise — But His Biggest 2026 Assignment Is Still Ahead

MANILA, Philippines — Karate Pilipinas president Richard Lim received an intimate birthday surprise with a high-profile guest list, as businessman Hans Sy and his wife Caroline Sy joined Lim’s family for the celebration. Bilyonaryo reported on August 30 that Hans and Caroline helped make Lim’s birthday memorable by joining his family for a surprise dinner, offering a rare glimpse of the personal friendships surrounding one of Philippine sports’ most influential administrators. The gathering ma

August 31, 2026

Business

ICTSI’s Manzanillo Terminal Can Now Take 24,000-TEU Megaships — But the Bigger Prize Is Still 1.5 Meters Deeper

International Container Terminal Services Inc. has secured a major competitive advantage at Mexico’s busiest container gateway, with its Contecon Manzanillo terminal now authorized to handle deeper-draft vessels and some of the largest container ships deployed on global trade routes. Contecon Manzanillo S.A. de C.V. (CMSA), the Mexican subsidiary of Philippine port giant International Container Terminal Services Inc. (ICTSI), has been cleared to receive vessels with drafts of up to 15.5 meters,

August 31, 2026

Business

Oil Jumps Toward $90 After US-Iran Strikes Return — But the Biggest Threat Is What Happens Next in Hormuz

Oil prices surged toward the psychologically important $90-a-barrel level on Monday as renewed military exchanges between the United States and Iran abruptly shattered a period of relative calm around the Strait of Hormuz. But for energy markets, the biggest question is no longer simply whether Washington and Tehran will exchange more strikes. It is whether the latest confrontation will once again choke one of the most important oil shipping routes on Earth. Brent crude futures climbed roughl

August 31, 2026