MANILA, Philippines — JG Summit Holdings Inc.’s net income attributable to equity holders of the parent fell 33 percent to P12.5 billion in the first nine months of 2026, as higher jet fuel costs and a weaker peso weighed on its airline business. On Friday, the Gokongwei-led conglomerate pointed said the peso’s depreciation increased foreign exchange

MANILA, Philippines — ABS-CBN Corp. saw its losses widen by nearly a third in the first nine months of 2026, as weaker advertising demand and a shrinking cable subscriber base were further aggravated by “challenging market conditions” In a disclosure on Friday, the media company reported a consolidated net loss of P2.95 billion from January to

MANILA, Philippines — Local stocks fell for a third straight session on Friday, closing at their lowest level this year as a weaker peso and a downgrade to the country’s growth outlook weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 67.06 points, or 1.18 percent, to close at 5,593.49, slipping below 5,600. READ:

Shopee, the largest e-commerce platform in Southeast Asia and Taiwan and a leading e-commerce platform in Brazil, has launched  ShopeeFood, its food delivery service, in the Philippines. The service is now available in Metro Manila, making the Philippines the fifth Southeast Asian market where Shopee offers food delivery as part of its broader marketplace offering.

MANILA, Philippines — Mounting foreign exchange losses and higher interest expenses hit DITO CME Holdings Corp. in the first nine months of 2026, during which its net loss attributable to shareholders ballooned to P17.1 billion. That marked a 77-percent jump from the attributable net loss of P9.65 billion in the same period last year. READ: DITO

MANILA, Philipppines — PNB Holdings Corp. grew net income 16 percent to P317.02 million in the first nine months of 2026 as the company broadened its commercial offerings to attract more customers to its buildings. On Friday, the real estate company said in a disclosure that consolidated revenues rose 5 percent to P940.35 million. READ: PNB

MANILA, Philippines — PhilWeb Corp.’s net income rose 36 percent to P64.2 million in the third quarter of 2026 from P47 million in the previous quarter, as its digital platform business for licensed gaming operators brought in nearly two-thirds of group revenue. On Friday, the company, backed by Lance Gokongwei, said it was its third straight

MANILA, Philippines — Lucio Co-led Cosco Capital Inc. grew its consolidated net income by 11.8 percent to P11.96 billion in the first nine months of 2026, as stronger grocery earnings offset a decline in profit at liquor distributor The Keepers Holdings Inc. On Friday, the company said in a disclosure that consolidated revenues rose 10.2 percent

MANILA, Philippines — Nickel Asia Corp. (NAC) reported a 19-percent jump in its nine-month income, lifted by higher metal prices and sales as well as a booming renewable energy business.  The listed miner’s attributable net income rose to ₱6.16 billion from ₱5.19 billion a year earlier. READ: Nickel Asia books 93% higher H1 profit “Our strong

MANILA, Philippines — Security Bank Corp. grew its net income 1 percent to P9.2 billion in the first nine months of 2026, as revenue growth outpaced operating expenses. On Friday, the bank said in a disclosure that total revenues rose 8 percent to P52.5 billion.  READ: Security Bank maps out 3-year growth push “Our nine-month

MANILA, Philippines — Rockport Power Inc., a licensed retail electricity supplier, has secured a power supply deal to energize an initial 16 branches of Andok’s Litson Corp., a Filipino food chain known for its signature roasted chicken. The government’s retail aggregation program (RAP) made the deal possible by allowing households and smaller consumers in a shared

MANILA, Philippines — Over eight million Manila Electric Co. (Meralco) customers will face higher electricity bills this month, as the company raised rates by P0.4895 per kilowatt-hour (kWh) due to higher generation charges. The power utility giant said the overall rate for a typical household would climb to P15.5510 from P15.0615 per kWh in October.

MANILA, Philippines — Travelers get a slight reprieve in the second half of November as the Civil Aeronautics Board (CAB) approved lower fuel surcharges for the period, reflecting the decline in global jet fuel prices. In an advisory, the aviation regulator said a Level 16 fuel surcharge would take effect from Nov. 16 to 30, down

China could retaliate with tighter rare earth export controls if Washington further restricts chip sales in the wake of the Nvidia saga, Chinese analysts say, though they expect broader US-China trade talks to remain on track ahead of a planned meeting between the two countries’ leaders next week. Following Jensen Huang’s resignation from Nvidia on Thursday amid reports of multiple extramarital affairs, attention now turns to whether Washington will further tighten semiconductor export controls...

MANILA, Philippines — Outgoing Philippine Economic Zone Authority (Peza) Director General Tereso Panga on Friday bade farewell to the agency following a government reshuffle that would see Joshua Bingcang, president and CEO of the Bases Conversion and Development Authority, take over his post. In a social media post, Panga, who has served Peza for 28 years,

MANILA, Philippines — Lucio Tan-led LT Group Inc. posted a record attributable net income of P25.82 billion in the first nine months of 2026, up 14 percent from P22.57 billion a year ago, as its banking and tobacco businesses drove earnings growth. Philippine National Bank (PNB) was the biggest contributor at P11.95 billion, or 46

Conglomerate San Miguel Corporation (SMC) saw its net income decline in the first nine months of 2026 amid a challenging economic environment.

China’s finance ministry on Friday clarified the enforcement details of its offshore trust tax, officially excluding Hong Kong pension fund accounts held by mainland Chinese and providing detailed calculation methods for publicly traded Hong Kong stocks and stakes in non-listed firms. The move comes after Beijing’s trust tax circular on July 24 sparked widespread concern among wealthy Chinese families, including some who reportedly had to sell stakes in listed firms to raise cash. China’s tax...

MANILA, Philippines — Motorists can expect more relief at the pump, with another round of fuel price rollbacks of up to ₱5 per liter likely next week. Based on estimates from Jetti Petroleum president Leo Bellas, diesel could decrease by P4 to P5 per liter. READ: DOE, oil firms urged to fully implement fuel price rollback

Asian private credit has ample room to expand, with investor demand holding up and the region’s lending market lagging far behind its private equity industry, according to E.G. Morse, head of Asia credit at Ares Management. The region’s private equity assets under management stood above US$1 trillion as of the end of March, about 11 times more than private credit, the executive said, citing Preqin Pro data. The gap is much larger than the roughly threefold difference in North America. “Investor...

The Philippine peso continued its downtrend against the US dollar on Friday, closing the week on a soft note.

Prolonged strategic uncertainty or delays in the product roadmap under interim leadership could slow capital expenditure deployment across the Eastern Economic Corridor.

The MICHELIN Guide Thailand 2027 features 507 establishments, 53 starred restaurants, and celebrates regional culinary diversity and sustainability.

A Dutch court has rendered a ruling in favour of BYD in the Chinese electric vehicle (EV) giant’s dispute with Jaguar Land Rover (JLR) over the British luxury carmaker’s intellectual property (IP) claims. JLR was ordered to destroy documents obtained in a raid of BYD’s Netherlands offices, according to a ruling published by the District Court of The Hague on Thursday. Judge HFR van Heemstra said in the ruling that the materials had to be destroyed within 24 hours, with JLR facing a fine of...

President Ferdinand Marcos Jr. has appointed Teresso Panga of the Philippine Economic Zone Authority (PEZA) as the Toll Regulatory Board's new executive director, Malacañang announced Friday.

After US and Asian stocks across the artificial intelligence supply chain tumbled in the wake of last week’s US midterm elections, this week’s headlines zoomed in on US chip giant Nvidia and the eventual resignation of its CEO, Jensen Huang, amid media reports of his alleged extramarital affairs. Below are the key figures capturing market attention this week: Nvidia plummets as much as 14 per cent Nvidia shares fell 14 per cent on Nasdaq on Thursday morning after Jensen Huang stepped down as...

Philippine Economic Zone Authority (PEZA) Director General Teresa Panga on Friday confirmed he is leaving the country"s second largest investment promotion agency.

Sweden is expecting a significant surge in capital deployment from Swedish firms across the Philippines once the Philippines-European Union Free Trade Agreement (FTA) is finalized.

Security Bank Corporation saw a 1% year-on-year growth in its net income amounting to P9.2 billion in the first nine months of 2026.

China’s Semiconductor Manufacturing International Corporation (SMIC) is betting that a relentless data centre buildout will keep artificial intelligence computing power in short supply for the next two years. The bullish forecast comes as scrutiny over former Nvidia CEO Jensen Huang threatens to intensify Washington’s curbs on Chinese access to advanced American processors – a shift that could accelerate China’s reliance on domestic foundries. “By the middle to the second half of 2028 …...