The Senate impeachment court in its 35th day is still discussing the alleged unexplained wealth of Vice President Sara Duterte, with present discussions focusing on her and her husband"s bank accounts. The House prosecution panel presented representatives from various banks to testify on the matter. They were also asked to submit bank documents that confirm the bank accounts of the couple. Some terms mentioned may sound technical especially to those who are not familiar with the banking process.

The Philippine peso rallied against the US dollar on Wednesday amid positive sentiments arising from low unemployment figures.

Malacañang on Wednesday said that part of the reason for the Philippines" recent poor economic performance was because of the political noise caused by destabilizers, obstructionists, and fake news.

Share prices on the Philippine Stock Exchange (PSE) rebounded on Wednesday, with the main index rallying back to 5,700 level, as lower unemployment figures were cheered by the market.

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,...

Vice President Sara Duterte and her husband, Manases Carpio, have nine BPI bank accounts with a collective ending balance of P8 million as of 2025, a bank official said Wednesday.

Some financial analysts and wealth managers in recent years have suggested that the second- and third-generation leaders of family offices in Asia are moving away from the basic principles that helped to create and accumulate their existing assets, but that is not strictly accurate. Rather, just as the founding generation did, these investors look to assess available opportunities and adapt to circumstances as they build or adjust their portfolios to find the preferred balance between risk and...

The Department of Agriculture (DA) and retailer Dali Everyday Grocery are exploring a possible partnership that would allow Filipino farmers to bring their produce more directly to the market.

BPI Wealth, the trust management unit of the Bank of the Philippine Islands, on Wednesday said it now expects slower growth in its assets under management (AUM) than previously expected, amid market volatility.

Amid various macro uncertainties, interest in private credit declined sharply to 48 per cent from 71 – among alternative investments – while interest in real estate jumped to 52 from 39 per cent, according to the 2026 Asia Advisor Survey released today by financial technology company iCapital. This marks a sharp decline for private credit, which was the leading area of interest among Asian advisers in 2025. In addition to real estate, advisers are also turning to other real assets, with interest...

Moody"s is acquiring a minority stake in Philippine Rating Services Corporation (PhilRatings), making it the first global credit rating agency to invest in a Philippine credit rating agency, according to the US Embassy in the Philippines.

Consunji-led Semirara Mining and Power Corporation (SMPC) cried foul Wednesday over the latest bidding rules requiring the company to surrender its assets to the government if it joins the auction for Semirara Island"s mines.

Security Bank Corporation on Wednesday announced it has partnered with global financial technology provider Tookitaki to update its anti-financial crime compliance architecture, modernizing its screening capabilities through the deployment of Tookitaki's FinCense Screening platform.

US firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...

Chicken prices up by P10 due to supply drop, group says

The National Grid Corporation of the Philippines (NGCP) on Wednesday came to its defense after the Department of Energy (DOE) blamed it for the series of yellow and red alerts in the Visayas power grid.

Recent Middle East conflict and oil price volatility have highlighted Thailand’s dependence on imported fossil fuels, prompting calls to accelerate its clean energy transition. A seminar involving energy experts, policymakers, and industry representatives concluded that reducing fossil fuel dependence is now an economic and security necessity, not just an environmental goal, with ASEAN neighbors facing […]

The number of jobless Filipinos decreased by over 375,000 in August 2026, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.

Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September, the consultancy found. In monetary terms, they earned HK$96.9 billion over the first three quarters...

Phuket has won Air Canada Vacations’ 2026 Travellers’ Top Picks Award for Wellness, voted for by Canadian travellers.

Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...

WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.

Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, the highest land premium for a residential site in recent years, according to Vincent Cheung, managing director of valuation firm Vincorn Consulting and Appraisal. The last time a Kowloon...

Anti-Money Laundering Council (AMLC) Executive Director Ronel Buenaventura on Tuesday said that Cale88 Foods Corporation, a company linked to Mans Carpio, husband of Vice President Sara Duterte, had aggregate transactions amounting to P1.25 billion from 2022 to 2025.

On September 22, the global artificial intelligence landscape spun on its axis within a matter of hours. In Beijing, Xiaomi engineers went live with an unusual broadcast, streaming the training run of their new MiMo-V2.6 model. In San Francisco, Anthropic unveiled its frontier Opus 5.5 model. About an hour later, OpenAI crashed the party with the surprise release of its GPT-6 Sol and Luna models. For tech executives and developers trying to keep pace, it was just another overwhelming day in the...

GCash parent Mynt Inc. on Tuesday clarified that the earlier reported P10 per share price for its initial public offering (IPO) was just for regulatory purposes only.

The Department of Agriculture (DA) said Tuesday that the threat of a very strong El Niño, which may persist until the first half of 2027, is not enough reason to raise commodity prices as the country supposedly has sufficient food supplies.

Philippine financial markets closed weaker on Tuesday as market players digested government data showing inflation accelerating to 7.2% in September, matching the fastest pace in more than three years and above market expectations.

The World Bank has upgraded Thailand’s 2026 growth forecast by 0.7 percentage points to 2.0%, citing stronger exports linked to the global AI boom, but warned that flooding, a potential severe El Niño and weak domestic adoption of AI could limit the benefits. The upgrade comes even as Thailand continues to face unusually heavy flooding, […]

The country"s agricultural export revenue slumped to US$554.7 million in August of this year, the lowest since January 2024, data from the Philippine Statistics Authority (PSA) showed.