Flag carrier Philippine Airlines (PAL) on Saturday announced it is offering free first rebooking for flights from Manila going to Dubai, Doha and Riyadh.
Oct 22, 2026
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered an outsized half-point interest rate hike on Thursday, taking a more aggressive stance against stubbornly high inflation. The Monetary Board, the BSP’s top policymaking body, set the key rate at 5.50 percent. READ: Poll: BSP seen raising rates again Only two of 20 economists polled
MANILA, Philippines —The Philippine Economic Zone Authority (Peza) has exceeded its full-year target, as approved investments from January to October already reached P309.63 billion. That performance also puts Peza closer to beating its full-year investment approval record of P311.9 billion set in 2012. READ: Ecozone investments poised for banner 2026, says Peza On Thursday, the
The Bureau of Internal Revenue said it has filed two complaints with the Department of Justice against two corporations due to P45 million in tax liabilities for taxable years 2017 and 2018.
MANILA, Philippines — Fresh from its stock market debut, GCash operator Mynt Inc. is turning investors’ attention to its upcoming third-quarter results, which analysts expect will provide a clearer picture of its growth trajectory. Mynt closed its first trading session at its P6.60 offer price. Abacus said the flat finish suggested price stabilization by the offering’s
Hong Kong’s top banking regulator has called for greater innovation in the city’s financial system to help address “pain points” in the real economy, as the city works with mainland Chinese and Asia-Pacific partners to navigate a host of sustainability, geopolitical and other challenges. “True innovation in finance is not simply about chasing novelty; it’s about transforming conventional financial tools into efficient solutions,” said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary...
The president of the American Chamber of Commerce in China (AmCham China) has urged Beijing and Washington to push more negotiations down to working-level officials, saying businesses need greater long-term stability in bilateral ties than leader-level diplomacy alone can provide. Michael Hart, president of the chamber, said American businesses were encouraged by the unprecedented frequency of meetings between the presidents of China and the US, but warned that working-level officials had less...
MANILA, Philippines — The Philippine peso sank past 63.4 per dollar to hit a fresh record low on Thursday, as investors braced for the Bangko Sentral ng Pilipinas’ (BSP) next policy move amid persistently high inflation. The local currency opened at 63.31 against the greenback before sliding to an intraday low of 63.47 during morning trading,
Suspended Undersecretary David Almirol said that it was Multisys that belatedly filed its General Information Sheet before the Securities and Exchange Commission (SEC).
MANILA, Philippines — Consumers face brownout risks across the Visayas as the grid remains under red alert for a third straight day amid tight power supply. The country’s grid operator placed the Visayas under red alert from 5 p.m. to 6 p.m., still due to a power crunch caused by outages at several power plants in
Barclays announced it will cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 in an AI efficiency drive, alongside an update that its net profit grew 13% in Q3.
Beijing’s plan to recruit more tax officers next year is drawing attention from businesses and wealthy families as tax compliance rises up the policy agenda and authorities intensify enforcement efforts. China’s 2027 national civil service recruitment plan includes 24,013 tax-related positions, accounting for more than 67 per cent of all vacancies, up from over 65 per cent a year earlier. Most of the vacancies are at the State Taxation Administration’s local branches, which are recruiting staff...
Thursday marked the deadline for Chinese taxpayers to make outstanding tax payments tied to offshore trusts as the government chases new funding sources to help ease fiscal strains. Investors face a 20 per cent tax based on the initial value of assets placed in trusts and a 20 per cent tax on distributions under a policy coming into force on Friday. Authorities backdated the taxes to January 1, 2023, and gave trust holders a 90-day grace period to make penalty-free payments when the changes were...