For a moment, you might just forget you’re standing inside a shopping mall. The soaring ceiling could easily belong to an international airport, while the expansive 1-hectare indoor garden, bathed in beautiful natural light in a comfortable, airconditioned setting, brings to mind Singapore’s famed Gardens by the Bay. Yet this is SM Nuvali. In this

International brands have become unlikely beneficiaries of Beijing’s clampdown on so-called rapidly developed vehicles as they step up efforts to convince Chinese consumers of their cars’ quality and reliability. About 10 foreign carmakers from Tesla to General Motors (GM) were not only displaying their latest electric vehicle (EV) technologies at the China International Import Expo (CIIE), but also using the event to highlight their strengths as they continued to lose market share to Chinese...

Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it...

The Philippines will seek to drum up investments in agriculture, energy, advanced manufacturing and the digital economy as regional business leaders and investors gather in Manila for the Association of Southeast Asian Nations (Asean) Business and Investment Summit on Nov. 14 and Nov. 15. Also on Friday, the Department of Foreign Affairs (DFA) confirmed the

The motoring public is expected to get a big break from elevated fuel prices over renewed optimism that the Middle East war will end after Democrats won control of the United States Congress. Jetti Petroleum president Leo Bellas said gasoline prices may significantly drop by P12.50 to P13.50 per liter starting Nov. 10. He noted

BACOLOD CITY—Despite securing an additional 9,151 metric tons (MT) of raw sugar export quota from the United States for fiscal year 2027, industry leaders on Wednesday reiterated their opposition to exporting domestic sugar during the current crop year. This allocation is part of the 1.12 million MT under the US tariff-rate quota system for fiscal

Economists caution that 86% of Thais lack retirement preparedness, emphasizing the need for earlier savings and investments due to increasing life expectancies.

Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since October 24, Ren Zeping’s WeChat official account “Zeping Macro” could no longer be retrieved via search and would not accept new subscribers. The same restriction applied to his WeChat...

MANILA, Philippines — The sharp drop in palay and corn output due to weather disturbances and high input costs pulled down the country’s total farm production in the third quarter by a hefty 5 percent to P389.42 billion, according to the Philippine Statistics Authority (PSA). Data from the statistics agency showed that the value of agriculture

MANILA, Philippines — The Philippines’ unemployment rate rose modestly in September as job creation failed to keep pace with the growing labor force, pointing to mixed conditions in the country’s labor market. The Philippine Statistics Authority (PSA) on Friday said the jobless rate inched up to 5.4 percent of the labor force in September from 5.3

MANILA, Philippines — The Philippine economy could snap a four-quarter streak of slowing growth in the third quarter on the back of improving government spending and resilient exports, though the expansion is likely to remain subdued amid continued weakness in domestic demand. Gross domestic product (GDP) likely accelerated to 2.8 percent in the third quarter

MANILA, Philippines — Philippine banks remained in good shape in the first half of the year despite a rise in bad loans, with the Bangko Sentral ng Pilipinas (BSP) citing strong earnings, ample liquidity, adequate capital and stable funding as key buffers. In its latest Report on the Philippine Financial System for the First Semester of

MANILA, Philippines — German lender Deutsche Bank raised its full-year inflation forecast for the Philippines to 5.9 percent following the faster-than-expected October consumer price jump, though it maintained that the Bangko Sentral ng Pilipinas (BSP) has little need to raise interest rates again as price pressures remain concentrated rather than broad-based. In a note, Deutsche Bank

MANILA, Philippines — Robinsons Land Corp. (RLC) increased its consolidated net income by 11 percent to P13.4 billion in the January to September period, following the steady growth across its businesses. RLC on Friday said that its consolidated revenues in the first nine months went up by 8 percent to P38.5 billion. READ: Robinsons Land infuses

MANILA, Philppines — Converge ICT Solutions Inc. saw its bottom line dip in the first three quarters of 2026, as rising costs offset modest revenue gains fueled by its booming enterprise business. On Friday, the fiber connectivity provider reported a net income after tax of P8.1 billion for the January-to-September period, down 9.1 percent year-on-year from

MANILA, Philippines — DMCI Holdings Inc. posted a 28-percent rise in profit during the first nine months of 2026, with its businesses driving higher earnings, particularly power and nickel mining. The Consunji-led conglomerate said Friday its consolidated net income during the period had climbed to P15 billion from P11.7 billion. READ: DMCI profit jumped 26%

MANILA, Philippines — D&L Industries Inc., a listed specialty food ingredients and oleochemicals producer, is well on track for double-digit income growth this year after its diversified business segments emerged stronger despite persistent external factors hounding the market. In a media briefing on Friday, D&L president and CEO Alvin Lao said that the group’s earnings

MANILA, Philippines — Chinese e-commerce platform Temu has agreed to cooperate with the Philippines’ campaign to rid online marketplaces of counterfeit goods. Temu signed a memorandum of understanding (MOU) with the Intellectual Property Office of the Philippines (IPOPHL), which leads government efforts to protect intellectual property rights and combat counterfeiting and piracy. READ: Consumer group presses

MANILA, Philippines — The Department of Finance (DOF) has requested a P724-million grant from the Korea International Cooperation Agency (KOICA) to fund an initiative under the broader Universal Health Care program for underserved communities along the Luzon Economic Corridor. In a statement, the DOF said it proposed the partnership to support the Department of Health’s

MANILA, Philippines — The country’s fisheries production has declined for four consecutive third quarters as various subsectors have decreased, according to data from the Philippine Statistics Authority (PSA). Data from the statistics agency showed fisheries output totaled 886,556.60 metric tons (MT) in the July to September period, down 1.8 percent. The overall volume has been

Tiger Brokers is seeking to offset the effects of Beijing’s regulatory crackdown by tapping business opportunities in Hong Kong, according to its CFO. “User growth is currently mainly driven by local Hong Kong clients, and overall client growth remains very strong,” said John Zeng, Group CFO and CEO of Tiger Brokers (Hong Kong), when asked about Beijing’s scrutiny of unauthorised cross-border stock trading. “We will certainly fully comply with regulatory requirements in acquiring new...

The People’s Bank of China and Bank of the Lao PDR launched a CBDC-enabled cross-border payment system, enhancing economic connectivity and transparent currency settlement between China and Lao PDR.

MANILA, Philippines — Death benefits disbursed by the Social Security System (SSS) jumped to P63.74 billion in the first three quarters of the year, driven by the early implementation of a pension increase for surviving spouses or death pensioners in June. In a statement, the SSS said death benefit payouts through the end of September rose 10.4

MANILA, Philippines — Peppermint Bizmoto Inc., a Philippine electronic money issuer (EMI), is strengthening its digital payment infrastructure through a dedicated Multiprotocol Label Switching (MPLS) connectivity agreement involving VITRO Inc., part of the PLDT Group’s enterprise technology ecosystem. The initiative marks an important milestone in Peppermint’s commitment to building secure, reliable, and scalable payment infrastructure

China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday. The comments came as the CSI 300 Index, which tracks major...

Chinese artificial intelligence models led by Moonshot AI’s Kimi family accounted for nearly nine-tenths of estimated global enterprise spending on open-source systems, according to a new study, even though proprietary US rivals continue to capture the vast majority of overall revenue. The report, released this week by Silicon Valley venture capital firm Menlo Ventures, said Chinese AI systems accounted for 89 per cent of global enterprise spending on open-source models. Kimi led with a 61 per...

Ahead of a new round of bilateral trade talks, the US has extended the suspension of an expanded trade blacklist that helped inflame tensions with China last year and could subject overseas subsidiaries of Chinese companies to greater scrutiny. The US Bureau of Industry and Security (BIS) issued a final rule on Thursday extending the suspension of its 50 per cent affiliate rule until January 10, when the current US-China trade truce is also set to expire. If implemented, the measure would extend...

Solana, one of the world’s largest blockchain networks, plans to expand in Hong Kong to tap the city’s growing demand for tokenisation, according to a senior executive. “I believe that the biggest opportunity for Solana is actually in [the Asia-Pacific region],” Solana Company chairman and CEO Joseph Chee said in an interview in Hong Kong earlier this week. Founded in the US in 2018, the company is behind one of the most popular cryptocurrencies. With a market capitalisation of about US$53...

While job loss is possible due to artificial intelligence (AI), the technology could also bring new opportunities for Filipinos, according to Malacañang on Friday.

China’s pure-play artificial intelligence chipmakers crossed an important milestone in the third quarter as several firms swung into profit, but severe supply chain hurdles and soaring memory costs cloud their long-term growth prospects. Domestic graphics processing unit (GPU) developers including Moore Threads, MetaX and Iluvatar CoreX are racing to fill the market void left by Nvidia, whose high-end processors face strict US export controls. These home-grown firms are competing fiercely to win...