Nvidia shares extended losses on Tuesday, putting it on track to shed over $470 billion in market value amid fallout from CEO Jensen Huang's affair with a woman alleged to be a spy for Beijing.

MANILA, Philippines — EvoEnergi, an affiliate of the listed Lao family-led D&L Industries Inc., is maintaining a strong presence in the retail power market as it secures new contracts to power more schools, hospitals, and religious institutions. Citing data from the Energy Regulatory Commission (ERC) covering the past 13 months, the firm said it has clinched

The Department of Energy (DOE) reminded oil firms to fully implement the bigtime fuel rollback, asking motorists to report gas stations that do not lower prices accordingly.

Nvidia CEO Jensen Huang made headlines worldwide after admitting to an extramarital affair. But the revelation carries implications beyond his personal life.

Alibaba Group Holding’s chip design unit T-Head has filed for an initial public offering (IPO) on a confidential basis in Hong Kong, the company said in a stock-exchange filing on Tuesday evening, setting up a high-profile listing in the city amid rising competition between the US and China as the latter continues its push for tech self-sufficiency. The size and structure of the listing were not finalised. A wholly owned subsidiary of Alibaba, T-Head provides full-stack data centre chips,...

Beijing and Ottawa are expanding their trade and business ties through a flurry of visits and exchanges, with Vice-Premier He Lifeng co-chairing a high-level economic dialogue in Canada and a group of top Canadian executives preparing for a trip to Shanghai and Shenzhen. He, China’s lead official on international trade, arrived in Vancouver on Monday for the second economic and financial strategic dialogue with Canada’s Minister of Finance and National Revenue Francois-Philippe Champagne and...

Two Davao City-based companies have forged separate agreements worth a combined $27 million (P1.71 billion) with a Chinese firm for the export of durian, the Department of Agriculture (DA) said on Tuesday.

MANILA, Philippines — The Department of Finance has pressed charges against a Bureau of Customs (BOC) employee for failing to file his Sworn Statement of Assets, Liabilities, and Net Worth (SALN) with the Civil Service Commission National Capital Region (CSC NCR). In a statement on Tuesday, the DOF said its Revenue Integrity Protection Service (RIPS) acted

The Government Service Insurance System (GSIS) is offering up to P2.75 billion in emergency loans to over 109,000 government workers and pensioners in calamity-hit areas to help in their recovery from a crop pest outbreak, rising dengue cases, and El Niño conditions.

Citigroup CEO Jane Fraser has struck a confident and optimistic note that the US lender would become a leading investment bank in mainland China after it received approval to set up a wholly-owned securities firm in one of the world’s largest capital markets. Beijing’s supportive stance on foreign financial service firms as well as China’s strength in manufacturing and artificial intelligence would also offer opportunities for Citi as it pursued fresh growth engines, Fraser said at the Citi...

The National Food Authority (NFA) has set the buying price for palay (unhusked rice) to P30 per kilogram as it also doubled the volume that farmers can procure amid the threat of El Niño to the agriculture sector.

The Philippine peso clawed its way back to 62-to-one dollar level amid optimism following the retreat of global fuel prices, after sinking to P63:$1 on slower third quarter economic growth.

FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024. FWD did not name the client but said...

East zone concessionaire Manila Water Company Inc. on Tuesday outlined initiatives as it seeks to strengthen its water supply infrastructure ahead of a potentially strong El Niño, with capital expenditures reaching P11.7 billion in the first nine months of the year.

Philippine stocks rallied on Tuesday, with the main stock index rebounding to 5,700 level, lifted by bargain hunting and optimism that inflation is easing amid improving fuel prices.

Digital asset exchange Coins.ph on Tuesday warned the public about the growing threat of digital fraud as scammers increasingly exploit online channels and financial platforms.

China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). The figure – which broke the previous monthly record of 558,000 set in...

Cigna Healthcare’s “International Health Study 2026” shines a light on the value of workforce health in the business world. Michael Khan, CEO of Cigna Healthcare Hong Kong, cites some of the local findings from the study, which surveyed more than 11,000 people in 13 markets around the globe. “Almost 80 per cent of respondents in Hong Kong experience stress,” he notes. “Nearly half of the working respondents said that their mental health, behavioural or emotional health affected their work.” The...

The recent oil price rollback was driven in part by the outcome of the United States midterm elections and the expectations of a de-escalation in tensions between the US and Iran, Department of Energy (DOE) Oil Industry Management Bureau Director Rino Abad said Tuesday.

Super app Grab Philippines on Tuesday announced that it has officially launched its ride-hailing, food delivery, and other services in Puerto Princesa City, Palawan.

The Maharlika Investment Corp. (MIC), the government-run firm managing the Philippines" sovereign wealth fund, is unfazed by the slowdown in economic growth, saying it would not affect its investment strategy.

The government is focused on sustaining the country's economic growth regardless of who is governing the United States or other countries, Malacañang said Tuesday.

American delivery giant FedEx is expanding its trans-Pacific services between China and the United States, adding four weekly flights by cargo aircraft just days ahead of an expected meeting between President Xi Jinping and US President Donald Trump in Shenzhen. The Memphis-based courier said on Monday that Boeing 777 cargo planes would link Shanghai and Guangzhou with the US, providing additional capacity for advanced manufacturing, semiconductor production, artificial intelligence...

[The content of this article has been produced by our advertising partner.] From AI-powered investment tools to a table tennis challenge against a robot, Hang Seng Bank brought technology to life at Hong Kong FinTech Week 2026. The bank marked its debut at the annual gathering of financial and technology leaders with a dedicated exhibition booth. Held at the Hong Kong Convention and Exhibition Centre on 2–3 November, the event gave Hang Seng a platform to engage customers, industry partners and...

The prolonged drought poses a threat to many livelihoods, especially in the agriculture sector with over 200,000 farmers reportedly affected as of October. So how is the government working to mitigate the impact of El Niño on agriculture?

BANGKOK, Thailand - Myanmar's military-led government is urging the United States to beef up re-engagement efforts and rapidly boost investment in the war-torn nation's rare earths mines, a critical sector now y dominated by influential giant neighbour China.

The price of gasoline will drop by double digits for the first time since the start of the Middle East conflict in February, with local oil firms set to implement a rollback of P16.80 per liter effective today, Nov. 10. Energy Secretary Sharon Garin announced the price adjustments in a media briefing on Monday, saying

Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, closed 7.7 per cent lower at HK$213 after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the bottom of its...

The Philippines chief economist, Economic Planning Secretary Arsenio Balisacan, has cautioned against labeling that the economy has fallen already into stagflation.

The legal framework for the proposed Pax Silica initiative is still expected to be signed by the Philippine and American governments before 2026 ends, a top official of the Department of Trade and Industry (DTI) said Tuesday.