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4 August

Starbucks suffers global sales drop as protests brew

Global coffee giant Starbucks reported a sharper-than-expected 2% decline in comparable store sales worldwide for the April to June 2025 quarter, highlighting growing challenges in its key markets. Sales in North America, which includes its largest market, also dropped 2%, marking the company’s sixth consecutive quarterly decline in same-store sales in the United States. Internationally, sales were flat, while China—its …

4 August

PAGCOR revenues hit P59-B for H1 2025

State-run Philippine Amusement and Gaming Corporation (PAGCOR) reported a solid 14% revenue growth in the first half of 2025, hitting ₱59 billion, up from ₱51.8 billion in the same period last year. In a statement last week, PAGCOR said the bulk of its revenues—₱53.4 billion—came from gaming operations and license fee shares, while ₱5.7 billion was generated from other services …

4 August

Trade gap narrows as exports soar 26 percent in June

The Philippines’ trade deficit shrank by 8.8% in June 2025 as exports surged with double-digit growth, according to preliminary data from the Philippine Statistics Authority (PSA) released last week. The country posted a USD3.95 billion trade deficit, down from USD4.33 billion in June last year. This improvement came as export sales jumped by 26.1% to USD7.02 billion, up from USD5.57 …

4 August

BIR fast-tracks e-services as collections climb

The Bureau of Internal Revenue (BIR) is charging full speed ahead with its digital transformation, introducing a suite of modernization programs aimed at streamlining taxpayer services, boosting compliance, and enhancing transparency—while riding high on a strong first-half performance. “We’ve been ramping up all these e-services so people no longer have to go to our offices or banks. You can now …

4 August

BPI sees strong income growth ahead as consumer loans surge

The Bank of the Philippine Islands (BPI) is riding high on the momentum of strong consumer lending in the first half of 2025, fueling optimism for sustained income growth through year-end. BPI reported a 7.8 percent increase in net income, reaching P33 billion, driven largely by rising consumer loan demand and higher net interest income. In a media briefing on …

4 August

World Bank fuels Phl climate resilience push with $700-M loan

In a major boost to the country’s disaster preparedness, the World Bank is lending $700 million to help strengthen the climate and disaster resilience of 18 million Filipino households through a community-driven project that puts vulnerable communities at the forefront of risk planning and response. The funding is part of the $874.35 million Philippines Community Resilience Project, a joint undertaking …

4 August

IMF upgrades Phl growth forecast for 2026

The International Monetary Fund (IMF) has raised its 2026 economic growth forecast for the Philippines, signaling continued confidence in the country’s resilience and reform-driven momentum. In its latest World Economic Outlook report, the IMF now expects the Philippine economy to grow by 5.9 percent in 2026, slightly higher than its previous forecast of 5.8 percent. For 2025, the country’s gross …

4 August

Gilas in high spirits as 12-man team holds first Jeddah practice

Gilas Pilipinas is sparing no time in Saudi Arabia for the 31st FIBA Asia Cup. Upon arriving in the port city on the Red Sea early Thursday morning, the national team had a brief rest, but a first practice in the Middle East has been scheduled by coach Tim Cone right away. “We’ll start practicing when we arrived,” said Cone …

4 August

PCSO Cup to Jungkook

The Metro Manila Turf Club Inc. (MMTCI) bore witness to an electrifying spectacle this past Sunday, 27 July 27 2025, as the highly anticipated 2025 PHILRACOM-PCSO Silver Cup culminated in a sensational victory for the top favorite, Jungkook. With a staggering guaranteed gross prize of PHP 4,000,000.00 over a challenging 1800-meter distance, the race delivered on its promise of high-stakes …

4 August

47 Filipino athletes vie in Chengdu World Games

Forty-seven athletes led by wushu star Agatha Wong, wakeboarding ace Raph Trinidad and billiards sensation Rubilen Amit will represent the Philippines in the 12th World Games in Chengdu set August 7 to 17. The World Games are a competition among sports that are not on the Olympic program and have been staged since 1981 with the Philippines having won two …

TimeLine Layout

August, 2025