Over 300 flights to be affected by ASEAN Summit

GMA Network - Nov 10, 2026

More than 300 flights will be affected by cancellations or rescheduling starting November 14 due to the Philippines' hosting of the 2026 ASEAN Summit, the Department of Transportation (DOTr) said on Tuesday.

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PH economy continues to lose steam, further slowed in Q3 to 2.1%

Nov 10, 2026

PH economy continues to lose steam, further slowed in Q3 to 2.1%

MANILA, Philippines — Philippine economic growth decelerated for the fifth straight quarter to 2.1 percent at the end of September amid persistently weak household spending and investment. The latest print was slower than the revised 2.4 percent logged in the previous quarter and the 4-percent recorded in the same period last year, according to the Philippine

High prices chip away at trust in PH firms

Nov 10, 2026

High prices chip away at trust in PH firms

MANILA, Philippines — Soaring prices, unclear fees and hidden charges are among Filipinos’ main reasons for distrusting businesses, a new study showed, which also found that public confidence in the Philippine private sector remains intact but “on probation.” In the 2026 Philippine Trust Study, communications firm EON Group and Ateneo de Manila University found that 19.7

PSEi drops to 5,600 level on weak Q3 growth

Nov 10, 2026

PSEi drops to 5,600 level on weak Q3 growth

MANILA, Philippines — The local bourse welcomed the trading week in the red as the Philippine economy weakened further in the third quarter. The Philippine Stock Exchange Index (PSEi) dropped by 1.46 percent, or 84.03 points, to finish at 5,677.92. READ: Philippine economic growth slips to 2.1% in Q3 The broader All Shares also declined by

Heavy rains, high inflation pull down Wilcon profit

Nov 10, 2026

Heavy rains, high inflation pull down Wilcon profit

MANILA, Philippines — Wilcon Depot Inc., a listed home improvement retailer, saw a weaker bottom line in the first nine months, as heavy rains and high inflation dampened its operations last quarter. The company said its net income as of September had declined by 6 percent year-on-year to P1.752 billion from P1.866 billion. READ: Stronger

SM Prime 9-month income slips 5%

Nov 10, 2026

SM Prime 9-month income slips 5%

MANILA, Philippines — SM Prime Holdings Inc. is not slowing down on its investments for next year, with capital expenditures seen reaching up to P100 billion, despite macroeconomic challenges that weakened its net income in the first three quarters. At a media briefing on Monday, SM Prime president Jeffrey Lim said the company remained confident

DA bans pork imports for 2 months to shield hog raisers

Nov 10, 2026

DA bans pork imports for 2 months to shield hog raisers

MANILA, Philippines — The Department of Agriculture (DA) imposed a two-month import ban over the weekend, likely extending it, to provide local raisers with a fair chance amid depressed farm-gate prices. Under Department Order No. 33, the department enforced a 60-day import restriction on the following pork products: fresh and frozen pork cuts, carcasses, and

Converge keeps growth outlook despite headwinds

Nov 10, 2026

Converge keeps growth outlook despite headwinds

MANILA, Philippines — Converge ICT Solutions Inc. still expects its revenues to grow this year despite soaring inflation and other economic headwinds slowing subscriber growth, particularly among lower-income households. As of the third quarter, the Dennis Uy-led fiber provider’s subscriber base had grown to just 3.1 million from 3.09 million at the start of the

Aurora ecozone seeks US funding for projects

Nov 10, 2026

Aurora ecozone seeks US funding for projects

MANILA, Philippines — The Aurora Pacific Economic Zone and Freeport Authority (Apeco) is taking its first step toward securing US government funding for its planned infrastructure projects, including an airport, seaport, and facilities for defense-related industries. Planate Management Group, a Virginia-based engineering and infrastructure consulting firm, will help Apeco identify projects it can submit to

Chinese space-AI tech hopeful Adaspace faces wary investors in Hong Kong IPO

Nov 10, 2026

Chinese space-AI tech hopeful Adaspace faces wary investors in Hong Kong IPO

Hong Kong is set to welcome its second aerospace-related listing this year, but persistent weakness in the initial public offering market has dampened investor appetite despite the relative rarity of space-tech offerings in the city. Major brokerages reported that Adaspace Technology, which aims to build AI computing facilities in space, had attracted only about HK$87 million (US$11.1 million) in margin financing orders, below the retail tranche target. The Sichuan-headquartered company launched...

Expanding Brunei’s Revenue Base – Insights from the ASEAN+3 Macroeconomic Research Office

Nov 10, 2026

Expanding Brunei’s Revenue Base – Insights from the ASEAN+3 Macroeconomic Research Office

Brunei’s fiscal dependency on oil and gas highlights the need for revenue diversification. Inspired by GCC reforms, Brunei aims to broaden its tax base, enhancing fiscal stability. Brunei’s Fiscal Sensitivity to Oil and Gas Prices Brunei Darussalam’s economy is significantly influenced by oil and gas (O&G) prices due to its heavy reliance on these commodities […]

Thai economy improved in September driven by exports and private investment

Nov 10, 2026

Thai economy improved in September driven by exports and private investment

The Thai economy improved overall in September from the previous month. Merchandise exports excluding gold increased markedly, driven by electronics exports amid the global technology and AI cycle.

‘We were always here’: UBS CEO ups Hong Kong commitment despite US expansion

Nov 9, 2026

‘We were always here’: UBS CEO ups Hong Kong commitment despite US expansion

UBS, Switzerland’s largest bank, will keep investing in Hong Kong and mainland China, viewing the city as a gateway to tap the growing number of wealthy clients across the border, according to a senior executive. CEO Sergio Ermotti said the lender took a long-term view of its regional business rather than responding to short-term policy cycles, dismissing suggestions that its expansion in the United States would come at the expense of Asia. “The plans are the ones we had … in the last decades …...

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