Nearly a metric ton of durian and mangosteen will be shipped to Canada as the Philippines seeks to open another potential market for its tropical fruits, the Department of Agriculture (DA) said on Wednesday.

The Philippines" digital financial inclusion experience was brought to the global stage Wednesday as Mynt president and CEO Martha Sazon addressed the UN Global Compact Leaders Summit in New York.

A bill seeking to provide the Securities and Exchange Commission (SEC) stronger powers to shut down rogue online lending applications and jail abusive debt collectors has been filed.

The Philippines has secured a £5-billion (approximately P419.9 billion) credit line from the United Kingdom (UK) to support programs and projects aimed at strengthening financial and trade cooperation between the two countries.

The Bangko Sentral ng Pilipinas (BSP) has released a circular mandating that thrift, rural, and cooperative banks shifting to digital bank business models have a P1-billion minimum capital requirement, the same measure required of digital banks.

The Philippine peso continued its upward momentum against the US dollar for the second straight day on Wednesday.

Share prices on the Philippine Stock Exchange (PSE) closed in the red on Wednesday, with the local bourse barometer breaking below the 5,800 level, due lingering concerns about global geopolitics amidst the Middle East crisis.

Bourse operator Hong Kong Exchanges and Clearing (HKEX) will launch yuan-denominated gold futures early next year, while the city’s de facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency’s internationalisation, speakers at a banking summit said on Wednesday. “We have recently reactivated our gold contract in the US dollar. But in the future, perhaps sometime early next year, we will be coming up with a...

Securities and Exchange Commission (SEC) Chairman Francis Lim said he is “fervently hoping” that the GCash IPO will help generate gains for the country"s capital market.

President Ferdinand “Bongbong” Marcos Jr. is supportive of the suspension of a property tax hike following the request of the Private Sector Advisory Council (PSAC), according to Malacañang on Wednesday.

Filipino software startup BossLabs AI is looking beyond its domestic presence, setting its sights on establishing a footprint in Southeast Asia with Malaysia, Indonesia, and Thailand as its initial targets.

Filinvest Land Inc. is joining Pag-IBIG Fund"s network of partner developers for its Expanded Pambansang Pabahay para sa Pilipino Program (4PH), giving Filipino workers greater access to quality homes at more affordable prices.

Digital financial service providers, including online brokerages and digital banks that used to trumpet their “zero-branch, fully online” models, have been opening physical stores across Hong Kong recently. Analysts described it as a strategic trend aimed at enhancing brand image and service quality to capture market share, but added that the impact on the city’s retail property market would be limited. Futu Securities International (Hong Kong) opened a new global headquarters at Pacific Place...

Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It...

The Government Service Insurance System (GSIS) on Wednesday announced expanded benefits and financial assistance to government retirees, including higher funeral benefits, stronger survivorship protections, and solar energy loans for pensioners.

The global artificial intelligence trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool and anticipation surrounding the China-US leadership summit reignite investor interest in technology stocks. The Nasdaq-100 Index – where tech firms make up nearly 70 per cent of the 100 companies featured – hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s...

Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have...

A decade after negotiations began, the Philippines and the European Union (EU) have finally concluded talks on a landmark free trade agreement (FTA), opening the door for Philippine goods to further penetrate the 450-million-strong European market and vice versa. Philippine Trade Secretary Cristina Roque and EU Commissioner for Trade and Economic Security Maroš Šefčovič reached

Record-breaking heat, devastating droughts, deadly wildfires and heavy rain and severe floods around the world over recent months have sparked a new urgency in the search for practical solutions to climate change. The challenge for governments is not only to generate cleaner sources of power, but also to use safer and more efficient energy technologies and storage systems that are affordable and scalable so they can have a global impact. Hong Kong is increasingly positioning itself as an...

Thailand's National Electric Vehicle Policy Committee approved a new EV tax structure linking taxes to automakers' local value creation.

The Asian Development Bank (ADB) is expecting the Philippine economy to grow slower due to lingering uncertainty due to the Middle East crisis and severe dry weather brought by El Niño phenomenon.

Flag carrier Philippine Airlines (PAL) on Wednesday announced it is launching a limited time flash sale for the return of its nonstop Manila-Dubai service.

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MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may cap its tightening cycle with one more rate hike to help weather volatility stemming from a hawkish US Federal Reserve (Fed). In a note to clients, economists at Australia and New Zealand Banking Group Ltd. (ANZ) said such a response is needed as the Philippines—much like

MANILA, Philippines — The Association of Southeast Asian Nations (Asean) has begun to lay down concrete projects that would anchor its landmark Digital Economy Framework Agreement (Defa), which is expected to come into force next year. The Singaporean government, which will lead the 11-member regional bloc next year as its chair, said projects that would define

MANILA, Philippines — The Philippine Statistics Authority (PSA) has secured the go-ahead from the Investment Coordination Committee-Cabinet Committee to move forward with its P2.48-billion project to upgrade the national ID system with the help of the private sector. The approval clears the way for the PSA to proceed to the procurement stage, where it will

MANILA, Global institutional investors are lining up for Mynt Inc.’s blockbuster initial public offering (IPO), boosting prospects for what could become the largest listing in Philippine history. According to a Bloomberg report, International Finance Corp., BlackRock, Capital Group and Schroders are among the investors seeking to participate in the offer. READ: GCash gets PSE approval

MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) has secured a $1-billion loan from Sy family-led BDO Unibank Inc. as it pushes ahead with an aggressive expansion drive at home and abroad. ICTSI disclosed the loan facility, which carries a tenor of 10 years, in a regulatory filing on Tuesday. READ: ICTSI H1 profit up

MANILA, Philippines — PLDT Inc.’s wireless arm Smart Communications Inc. expects its newly launched artificial intelligence (AI) platform to become a new revenue stream as it explores embedding the technology into e-commerce and other digital transactions. On Tuesday, Smart first vice president Lloyd Manaloto said AI.Smart had already attracted paying users following its soft launch,

MANILA, Philippines — Already the world’s largest free trade agreement, the Regional Comprehensive Economic Partnership (RCEP) is widening its ambitions as it prepares rules that could pave the way for five more economies to join the existing trade bloc. At the Asean meetings in Manila on Monday, RCEP ministers agreed to establish an ad hoc