The UK motor finance arm of Mercedes-Benz has plunged into a £365 million loss after setting aside hundreds of millions of pounds to cover potential compensation linked to the mis-selling of car loans. Accounts filed for Mercedes-Benz Financial Services UK, based in Milton Keynes, show the
BW FILE PHOTOBy Aubrey Rose A. Inosante, ReporterTHE NATIONAL Government’s (NG) gross borrowings surged in November amid a sharp rise in domestic and foreign borrowings, the Bureau of the Treasury (BTr) said.Latest data from the Treasury showed that total gross borrowings jumped by 74.55% to
1 of 2By Vonn Andrei E. VillamielCAGAYAN — For decades, Crecencia B. Garan planted yellow corn in the river plains of Alcala, Cagayan — only to watch most of her earnings circle back to the middlemen who financed her inputs.Each planting season left the 67-year-old
BW FILE PHOTOBy Katherine K. Chan, ReporterTHE PROPOSED AMENDMENTS to the country’s decades-old bank secrecy law would be a sensible preemptive measure against illicit financial activities, despite being limited to bank officers and employees.“The Philippines is one the very few countries with this, so (it
A man is silhouetted in an electronic board in this photo illustration taken in Rome. — REUTERSBy Alexandria Grace C. Magno THE PHILIPPINE Stock Exchange’s (PSE) main index will most likely consolidate or move sideways this year amid continued uncertainty, according to analysts. China Bank
STOCK PHOTO | Image by Radowan Nakif Rehan from UnsplashBy Beatriz Marie D. Cruz, ReporterTHE PHILIPPINES’ flexible workspace market is set to expand further this year as global capability centers (GCC) and multinationals increase their presence in key business districts and regional hubs, analysts said.“We expect
STOCK PHOTO | Image by DC Studio from FreepikPHILIPPINE ORGANIZATIONS face a higher risk of scams driven by artificial intelligence (AI) this year and should strengthen intelligence-led cybersecurity and employee awareness to limit exposure, according to Trend Micro.“In 2026, cybercriminal tactics will increasingly be driven by
SEC warns investors against Adscent International - BusinessWorld Online BW FILE PHOTOTHE Securities and Exchange Commission (SEC) has warned the public against Adscent International, saying it
1 of 2By Joseph L. Garcia, Senior Reporter Movie ReviewBar Boys: After SchoolDirected by Kip OebandaProduced by 901 StudiosMTRCB Rating: PGTHE 2017 film Bar Boys is becoming quite the beloved franchise, with a 2024 stage adaptation and now with a second movie. Unfortunately for me,
A WOMAN pulls mock chains that bind a cardboard crocodile, with a rainbow seen in the background, during an anti-corruption protest at the People Power Monument in Quezon City on Nov. 30, 2025. — REUTERS/NOEL CELISAs the nation crossed into 2026, the annual ritual of
BW FILE PHOTOFURTHER RATE CUTS from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve could put some pressure on the peso in the near term, but may help stabilize markets and investor sentiment, analysts said.“Both the Fed and the BSP signaling
The Grand Midori Ortigas — FEDERALLAND.PHFEDERAL LAND, INC. said it would concentrate on bigger developments in Laguna province after the divestment of Crown Central Properties Corp. (CCPC). “The master-planned community in Biсan developed by CCPC, our joint venture with Crown Equities, is almost fully sold out and represents a small, legacy portion