Recent News

DICT seeks satellite-based internet service provider for Antique
Oct 15, 2024

DICT seeks satellite-based internet service provider for Antique

The Department of Information and Communications Technology (DICT) is looking for a service provider to roll out satellite-based internet services across 150 locations in Antique as it ramps up connectivity in the provinces. The government agency issued this month the invitation to bid for the P56.76-million contract. Interested parties have until Nov. 5 to submit


Bursa Malaysia rises for a second day, but selling pressure persists
Oct 15, 2024

Bursa Malaysia rises for a second day, but selling pressure persists

KUALA LUMPUR: Bursa Malaysia finished higher for the second consecutive day on Tuesday, but sellers still dominated amid mixed regional markets. Read full story


Palm oil prices seen stable above RM4,000/tonne in October, says MPOC
Oct 15, 2024

Palm oil prices seen stable above RM4,000/tonne in October, says MPOC

KUALA LUMPUR: Palm oil prices are expected to remain stable above RM4,000 per metric ton in October despite ongoing uncertainty in the market, state agency Malaysian Palm Oil Council (MPOC) said on Tuesday. Read full story


Education tech financing firm marks over P1 billion in tuition loans
Oct 15, 2024

Education tech financing firm marks over P1 billion in tuition loans

Local education technology financing platform Bukas said it has crossed over the P1 billion mark in tuition funding for the country‘s youth sector. This development was the latest milestone for the company, which has seen its local market grow in value to multiple hundreds of millions of pesos annually. Bukas president Jon Robert Emlano said


Shakey's Pizza Asia completes incorporation of US subsidiary
Oct 15, 2024

Shakey's Pizza Asia completes incorporation of US subsidiary

Shakey"s Pizza Asia Ventures Inc. (SPAVI) on Tuesday said it has completed the incorporation of its new fully-owned subsidiary in the United States, in line with the company"s plans to expand in the area.


Worldwide Stainless buys Bahru Stainless from Spain-based Acerinox for RM408mil
Oct 15, 2024

Worldwide Stainless buys Bahru Stainless from Spain-based Acerinox for RM408mil

KUALA LUMPUR: Worldwide Stainless Sdn Bhd has reached an agreement with Spain-based stainless steel leader Acerinox SA to acquire Bahru Stainless Sdn Bhd for a total consideration of US$95 million or RM407.55 million. Read full story


Cebu Pacific sees nearly 1M passengers for Undas
Oct 15, 2024

Cebu Pacific sees nearly 1M passengers for Undas

Gokongwei-led budget carrier Cebu Pacific is expecting a surge in passengers to book its flights for the upcoming commemoration of All Souls" Day and All Saints" Day.


Noche Buena price guide may be out by November – official
Oct 15, 2024

Noche Buena price guide may be out by November – official

Acting Trade Secretary Cristina Roque on Monday said they are looking to publish next month this year’s price guide for “Noche Buena” products. This is because the Department of Trade and Industry (DTI) is still studying whether they will grant the price adjustments petitioned by manufacturers. “I still have to discuss with (the) Fairtrade Consumer


GMA Network, employees' union ink fresh collective bargaining agreement
Oct 15, 2024

GMA Network, employees' union ink fresh collective bargaining agreement

The management of GMA Network Inc. on Tuesday signed the 2024 Collective Bargaining Agreement (CBA) with the GMA Employees Union, which covers three-year benefits to be given to the personnel of the company.


Khazanah Nasional’s Dana Impak to launch initiatives to advance the national venture capital ecosystem
Oct 15, 2024

Khazanah Nasional’s Dana Impak to launch initiatives to advance the national venture capital ecosystem

PETALING JAYA: Khazanah Nasional Bhd will be launching the Emerging Fund Managers’ Programme (EMP) and the Regional Fund Managers’ Initiative (RMI) under the National Fund-of-Funds (NFOF). Read full story


NNIC partners with PLDT, Converge to boost free WiFi at NAIA
Oct 15, 2024

NNIC partners with PLDT, Converge to boost free WiFi at NAIA

NNIC has partnered with PLDT Inc. and Converge to boost the free WiFi at NAIA.


HLIB launches fully online onboarding for Shariah and flexi trading accounts
Oct 15, 2024

HLIB launches fully online onboarding for Shariah and flexi trading accounts

PETALING JAYA: Hong Leong Investment Bank (HLIB) announced the launch of a fully online onboarding experience for customers applying for its accounts and products. Read full story


DA to revive Trade Remedies Office
Oct 15, 2024

DA to revive Trade Remedies Office

The Department of Agriculture (DA) is reconvening the Trade Remedies Office (TRO) to better address complicated cases while ensuring fair trade practices. The DA intends to run the TRO as “a specialized and dedicated office” to comply with the legal and administrative requirements and enhance its capacity to address trade remedy matters. Trade remedies are


5 new startups join Ideaspace Accelerator Program
Oct 15, 2024

5 new startups join Ideaspace Accelerator Program

Five startups have been selected for the 12th cohort of Ideaspace Ventures" flagship accelerator program.


Amid West Philippines Sea row, no PH windfall from China stimulus
Oct 15, 2024

Amid West Philippines Sea row, no PH windfall from China stimulus

The Philippines is unlikely to see a big impact from China’s planned fiscal stimulus, as the ongoing row over the West Philippine Sea limits Manila’s exposure to Chinese investments. In a commentary, Japanese investment bank Nomura said the Philippines and India are the least exposed to China growth—which can get a boost from Chinese authorities’


Asian FX loses ground on dollar strength; key cenbank decisions awaited
Oct 15, 2024

Asian FX loses ground on dollar strength; key cenbank decisions awaited

ASIAN currencies faltered on Tuesday, with the Thai baht and Philippine peso leading the decline, as the U.S. dollar held firm near a two-month peak and investors grew cautious ahead of a slew of key monetary policy decisions due later this week. Read full story


Pag-IBIG releases P88B in home loans from January to September 2024
Oct 15, 2024

Pag-IBIG releases P88B in home loans from January to September 2024

The Home Development Mutual Fund (HDMF), or Pag-IBIG Fund, released about P88 billion in home loans in the first nine months of the year, the state-run firm reported Tuesday.


Asian shares defy Wall Street's rise, oil extends losses
Oct 15, 2024

Asian shares defy Wall Street's rise, oil extends losses

SYDNEY: Asian stocks edged lower on Tuesday, contrasting with a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Read full story


Stabilising growth tops national agenda
Oct 15, 2024

Stabilising growth tops national agenda

SECURING stable economic growth while maintaining fiscal viability lies at the core of China's pursuit of national security amid intensified external uncertainties and a lingering real estate downturn, leading economists said. Read full story


UUE records 10.5% revenue growth for 2Q25
Oct 15, 2024

UUE records 10.5% revenue growth for 2Q25

KUALA LUMPUR: UUE Holdings Bhd saw its net profit increasing by 21.2% quarter-on-quarter (QoQ) to RM6.7mil for its second quarter of the financial year ending Feb 28, 2025. Read full story


September vehicle sales drop to 58,032 units, says MAA
Oct 15, 2024

September vehicle sales drop to 58,032 units, says MAA

KUALA LUMPUR: Malaysia’s new vehicle sales slid 20% to 58,032 units in September 2024 from 72,367 units in August, according to the Malaysian Automotive Association (MAA). Read full story


PM Anwar: Several Asean countries also interested in joining BRICS
Oct 15, 2024

PM Anwar: Several Asean countries also interested in joining BRICS

KUALA LUMPUR: Several Asean countries have shown interest in joining the BRICS grouping after Malaysia expressed its intention to be part of the economic bloc, said Prime Minister Datuk Seri Anwar Ibrahim. Read full story


OFW remittances: Pinoys abroad sent $2.885B cash in August 2024 -- BSP
Oct 15, 2024

OFW remittances: Pinoys abroad sent $2.885B cash in August 2024 -- BSP

Overseas Filipinos have sent back home nearly $3 billion in cash remittances in August to support school-related and other expenses of their families in the Philippines, data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed.


Maxis teams up with MRCA to boost 5G technology use in retail sector
Oct 15, 2024

Maxis teams up with MRCA to boost 5G technology use in retail sector

KUALA LUMPUR: Maxis Bhd has signed a memorandum of understanding (MoU) with the Malaysia Retail Chain Association (MRCA), which represents 562 Malaysian retailers, to encourage the adoption of 5G technology solutions to strengthen the domestic retail sector. Read full story


Banking stocks drive FBM KLCI higher at lunch break
Oct 15, 2024

Banking stocks drive FBM KLCI higher at lunch break

KUALA LUMPUR: Gains in banking stocks continued to support the key index on Bursa Malaysia to close the morning session on a firm note. Read full story


Xpeng’s AI-powered P7+ to challenge Tesla, eyes China’s autonomous driving market
Oct 15, 2024

Xpeng’s AI-powered P7+ to challenge Tesla, eyes China’s autonomous driving market

The EV maker launched the presale of the P7+ from 209,800 yuan (US$29,500), 10 per cent cheaper than the base model of Tesla Model 3.


Capital A optimistic about exiting PN17 status by end-December 2024
Oct 15, 2024

Capital A optimistic about exiting PN17 status by end-December 2024

KUALA LUMPUR: Capital A Bhd has positive equity and is optimistic about exiting its Practice Note 17 (PN17) status by the end of December this year, according to its chief executive officer, Tan Sri Tony Fernandes. Read full story


Tesla Optimus robots at Cybercab showcase were remotely controlled by humans
Oct 15, 2024

Tesla Optimus robots at Cybercab showcase were remotely controlled by humans

The use of human input raises questions over the capabilities and market readiness of the bot, despite Elon Musk’s enthusiasm.


PETRONAS' exploration in South China Sea will continue, says Anwar
Oct 15, 2024

PETRONAS' exploration in South China Sea will continue, says Anwar

KUALA LUMPUR: Malaysia's Prime Minister Anwar Ibrahim on Tuesday reiterated that state energy firm Petronas will continue to conduct oil and gas exploration activities in Malaysia's exclusive economic zone in the South China Sea, despite objections from China. Read full story


China may raise US$850bil in new debt over three years to spur growth, says report
Oct 15, 2024

China may raise US$850bil in new debt over three years to spur growth, says report

BEIJING: China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to help bolster a sagging economy through expanded fiscal stimulus, Caixin Global reported, citing multiple sources with knowledge of the matter. Read full story