IN PHOTOS: Apple unveils new smart home products, showcasing updated Siri AI

GMA Network - Oct 13, 2026

Apple has launched a raft of smart products, including the iPad-like HomeView, in a bet that its AI-upgraded Siri can help it carve out a bigger share of the connected home market.

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Amid Middle East tensions: Cebu Pacific cancels flights to Riyadh until Oct. 31

Oct 13, 2026

Amid Middle East tensions: Cebu Pacific cancels flights to Riyadh until Oct. 31

Cebu Pacific on Tuesday announced it will cancel all flights to and from Riyadh, Saudi Arabia scheduled until October 31 due to the tensions in the Middle East.

SHKP reopens former Crowne Plaza hotel as luxury ‘urban resort’ in Tseung Kwan O

Oct 13, 2026

SHKP reopens former Crowne Plaza hotel as luxury ‘urban resort’ in Tseung Kwan O

The new Royal Garden Kowloon East hotel has undergone far more than an extensive renovation; it has been completely overhauled to become an “urban resort” in the heart of Tseung Kwan O, according to the hotel’s owner. Developer Sun Hung Kai Properties (SHKP) had transformed the former Crowne Plaza “from a traditional business hotel into a brand-new urban resort experience” to cater to a new generation of tourists in Hong Kong, the firm’s chairman said at the hotel’s opening ceremony on...

PBOC adds most gold in three years amid China pivot from US dollar

Oct 13, 2026

PBOC adds most gold in three years amid China pivot from US dollar

China’s central bank boosted gold holdings by the most in three years last month, taking advantage of a dip in prices to further pare its exposure to US dollar assets amid tensions with Washington. Holdings rose by 740,000 troy ounces (23 tonnes) to reach 77.47 million ounces at the end of September, the People’s Bank of China said last week. The total gold pile is worth about US$324 billion at market prices and compares with China’s foreign exchange reserves of US$3.4 trillion. The People’s...

P20K subsidy to be disbursed to modern jeepneys in Cebu

Oct 13, 2026

P20K subsidy to be disbursed to modern jeepneys in Cebu

Modern jeepneys in Cebu are set to receive a P20,000 financial subsidy, the Land Transportation Franchising and Regulatory Board (LTFRB) Region VII said Tuesday.

Chinese billionaire featured in ‘American Factory’ shares lesson for firms going global

Oct 13, 2026

Chinese billionaire featured in ‘American Factory’ shares lesson for firms going global

Chinese billionaire Cao Dewang, whose glass-making empire was featured in the Oscar-winning documentary American Factory, has urged Chinese investors expanding overseas to respect local laws, regulations and culture, drawing on decades of experience building a global manufacturing business amid shifting US-China relations. Speaking at the University of Hong Kong (HKU) on Monday, the founder of Fuyao Glass said the approach had been central to the firm’s success in the US and warned against...

Meralco warns of higher electricity rates due to Super El Niño

Oct 13, 2026

Meralco warns of higher electricity rates due to Super El Niño

Consumers may face higher electricity rates as the Super El Niño is expected to ramp up power demand and push up prices in the wholesale electricity spot market (WESM), the Manila Electric Co. (Meralco) warned Tuesday.

Hong Kong watchdog freezes US$590m of assets over alleged IPO fraud schemes

Oct 13, 2026

Hong Kong watchdog freezes US$590m of assets over alleged IPO fraud schemes

Hong Kong’s securities watchdog has moved against two syndicates suspected of being involved in three alleged initial public offering fraud schemes involving assets worth HK$4.6 billion (US$590 million), according to a statement released on Tuesday. The Securities and Futures Commission (SFC) also announced on the same day that it had suspended 65 listing applications in the first nine months of this year due to the poor quality of their listing sponsors’ work, in what analysts viewed as an...

DOLE releases pay rules for Undas, Bonifacio Day 2026

Oct 13, 2026

DOLE releases pay rules for Undas, Bonifacio Day 2026

The Department of Labor and Employment (DOLE) on Tuesday reminded employers to properly compensate their workers during the two non-working days and one regular holiday in November 2026.

BIR mandates 2% withholding tax remittance on electricity spot market sales

Oct 13, 2026

BIR mandates 2% withholding tax remittance on electricity spot market sales

The Bureau of Internal Revenue (BIR) has ordered the Independent Electricity Market Operator of the Philippines (IEMOP) to withhold, account for, and remit taxes for electricity transactions in the wholesale electricity spot market (WESM) to ensure that they are properly recorded.

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation

Oct 13, 2026

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation

Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...

Meralco rates up in October

Oct 13, 2026

Meralco rates up in October

Households should brace for a higher electricity bill this month, as Manila Electric Co. (Meralco) on Tuesday announced a rate increase for October, driven by higher generation charges which offset lower transmission costs and taxes.

Gas, kerosene prices up, diesel down

Oct 13, 2026

Gas, kerosene prices up, diesel down

In yet another mixed adjustment of pump prices, gasoline will increase by P1.56 per liter and kerosene by P1.77 per liter, while diesel will be rolled back by P3.01 per liter, beginning on Tuesday, according to the Department of Energy (DOE). Rino Abad, director of the DOE’s Oil Industry Management Bureau, pointed to positive developments,

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