After the Democrats swept the US midterm elections, a divided government may help restrain future Treasury borrowing and prevent fresh deficit blowouts, though it will not necessarily bring down elevated bond yields, analysts say. The US Treasury Department unveiled its quarterly refunding statement on Wednesday, with market participants describing the overall borrowing outlook as largely neutral. Based on its projected financing needs, the Treasury said it expected to keep note and bond auction...

The country's rice inventory fell to 2.16 million metric tons (MT) in October, down 8.3% from the 2.35 million MT recorded in the same period last year, according to the latest data from the Philippine Statistics Authority (PSA).

Listed property developer and shopping center operator Ayala Land Inc. posted declines in its top and bottom line for the third quarter and year-to-date, as the company faced headwinds.

China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion acquisition ‌of the robotics segment of engineering group ABB to go ahead, the Swiss firm said on Thursday. The case marks the second major deal blocked by China this year after Meta Platforms was ordered to unwind its US$2 billion-plus acquisition of artificial intelligence start-up Manus. The news comes as Beijing tightens scrutiny of foreign investment in domestic start-ups that are developing...

MANILA, Philippines — Maynilad Water Services, Inc. (Maynilad) has named Ramon Alikpala as its next president and chief executive officer effective Jan. 1, 2027, succeeding Ramoncito Fernandez, who will step down at the end of December. In a regulatory filing on Thursday, the water utility said Alikpala boasts a solid background in the water industry, having

Maharlika Investment Corporation confirmed that it has paused the proposed investment in Synergy Grid & Development Phils Inc. (SGP), amid the current conditions.

The Medical City (TMC) celebrates its 59th anniversary with three distinctions from Newsweek and Statista: No. 1 among Philippine hospitals in Cardiology in the Best Specialized Hospitals Asia Pacific 2026, No. 1 among Philippine hospitals in Oncology in the World’s Best Specialized Hospitals 2027, and recognition as the only Philippine hospital included in the World’s

The Medical City (TMC) celebrates its 59th anniversary with three distinctions from Newsweek and Statista: No. 1 among Philippine hospitals in Cardiology in the Best Specialized Hospitals Asia Pacific 2026, No. 1 among Philippine hospitals in Oncology in the World’s Best Specialized Hospitals 2027, and recognition as the only Philippine hospital included in the World’s

The Philippine peso rallied back to the P62-to-one dollar level on Thursday amid optimism that the US-Iran war would end soon following the United States midterm elections "Democratic sweep."

MANILA, Philippines — Consumer prices grew 7.8 percent from a year earlier in October, driven by faster increases in transport costs and pricier utilities. The latest inflation rate was higher than the 7.2 percent recorded in September, data from the Philippine Statistics Authority showed. READ: Poll: October inflation seen hitting over 3-yr high of 7.6% The

China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco. Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its total revenue from overseas sales. New-energy models – comprising pure-electric and hybrid vehicles – have made up 25 per cent of its bus exports so far this year, a sharp increase from...

Technology company Amihan Global Strategies is investing about $1 million for its newly launched Forward Deployed Engineer (FDE) Academy, which aims to pool of 1,000 to 2,000 local professionals and position the Philippines as a global supplier of artificial intelligence (AI) talent.

Oil is headed for its biggest weekly decline since the Covid-19 pandemic after a Democratic blue wave in US midterm elections eased concerns about President Donald Trump escalating conflict in the Middle East. The price of Brent crude, the global benchmark, has tumbled by about 20 per cent this week to trade at around US$95 barrel on Thursday. US West Texas Intermediate has dropped by 16 per cent to about US$88. Prices plunged after US Vice-President J.D. Vance called for an end to the war in...

The Maharlika Investment Corp. (MIC), which manages the Philippines' sovereign wealth fund, is eyeing up to three more investments before the end of 2026, potentially bringing its total capital deployment for the year up by as much as P4 billion.

Dong Mingzhu chairs Gree Electric Appliances, a home-appliance giant based in southern China’s Guangdong province. Having worked her way up from a frontline sales job, she is one of China’s best-known figures in manufacturing. As a deputy to the National People’s Congress, she has long advocated for manufacturing innovation, higher incomes and greener consumption. In this interview, conducted when she was named an inaugural “Cool Leader” at an assembly of the UN Environment Programme’s Cool...

NEW YORK, United States — Wall Street stocks surged Wednesday as markets greeted the resolution of US midterm elections while oil prices tumbled on expectations the Democratic sweep could hasten a resolution to the US-Iran war. Democrats seized control of both houses of Congress in a victory that gives them the power to block legislation, open

US asset manager Federated Hermes has opened its office in Hong Kong, after two years of preparation, joining a wave of international financial giants competing for growth in the Asia-Pacific region. The company, which managed US$884 billion worth of assets as of September, considered a Hong Kong office two years ago and its board approved a plan a year later. Its office in the Nexxus Building in Central adds to its Asia-Pacific footprint in Singapore, Tokyo and Sydney. “Hong Kong is a premier...

The country"s rice importation is expected to be affected by the weakening of the Philippine peso against the US dollar, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said Thursday.

China’s securities regulator has ordered three Hong Kong initial public offering (IPO) applicants to submit additional documentation amid an intensifying crackdown on tax compliance. The China Securities Regulatory Commission (CSRC) said it has asked Fujian Senda Electric, a Fuzhou, Fujian province-based company trading on Beijing’s National Equities Exchange and Quotations board, to disclose details on internal dividend approvals, dividend fund flows, and compliance with tax and other...

Maynilad Water Services saw a 10.2% increase in its bottom line in the first nine months of 2026.

Over one million passengers pass through the Ninoy Aquino International Airport (NAIA) during the nine-day “Undas” travel period, from October 27 to November 4, 2026, San Miguel-led private operator New NAIA Infra Corp. (NNIC) said.

The Department of Transportation (DOTr) on Thursday reminded motorists that the inner lane of EDSA will remain exclusive to buses amid the ongoing rehabilitation along the southbound section from Nepa Q-Mart to Boni Avenue.

Marcos leads ceremonial first flow of gas for Malampaya phase 4

The Department of Agriculture (DA) is seeking a budget for the supply of vaccine against African swine fever (ASF) for smallholder or small-scale farms nationwide.

Chinese stocks extended their rebound for a second day on Thursday, as state support gained momentum and a Democratic landslide victory in the US congressional election removed an overhang capping risk appetite. The CSI 300 Index rose 0.3 per cent to 4,113.41 at the close, extending a 2.3 per cent gain a day earlier. The chip-heavy Star 50 gauge gained 1.7 per cent after surging nearly 10 per cent the previous trading day. Democratic control of the US Congress may tighten tech exports to China,...

For Dinesh Verma, managing risk begins long before a problem becomes visible. It is a principle that has guided his work as a physiotherapist, his decision-making as an entrepreneur and, increasingly, his approach to managing his wealth. Originally from India, Verma moved to Singapore in 1989 to work as a clinical physiotherapist, but eventually transitioned his career beyond clinical practice after earning a master of business administration (MBA) degree, adding a broader commercial lens onto...

[The content of this article has been produced by our advertising partner.] A generation ago, a Hong Kong retail investor might have checked the closing prices in the morning paper and phoned a broker to place a trade. Today, 95 per cent of the city’s stock investors trade online, and nearly two-thirds turn most often for the mobile app of a securities brokerage rather than their bank, according to the Investor and Financial Education Council’s latest retail investor study. That shift is the...

MANILA, Philippines — The Department of Agriculture (DA) is bracing for the “more significant effects” of the intensifying El Niño phenomenon on rice production in the first half of next year. This could result in a further decline in local palay output, which is projected to fall by 5 percent to 18.67 million metric tons from

MANILA, Philippines — An umbrella group of Philippine exporters expects smoother cargo movement at Manila’s ports following a government commitment to clear 1,000 aging containers ahead of the holiday shipping rush. The clearing operation is expected to be completed within two weeks and will involve repositioning empty containers to Subic and Batangas to help free up

MANILA, Philippines — Another member of the Ang family is stepping into the boardroom. Jacob Paolo Ang, son of San Miguel Corp. (SMC) chair and CEO Ramon Ang, has secured a seat on the board of Ginebra San Miguel Inc., adding another corporate role to his growing portfolio. In a disclosure on Wednesday, the liquor maker