AboitizPower sells power barges to Razon firm

Philstar - Oct 5, 2026

Aboitiz Power Corp. has sold its two mothballed barge-mounted power plants currently docked in Navotas to Razon-led MORE Electric and Power Corp.

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Asian investors turn to housing, real assets as global tension shakes market confidence

Oct 7, 2026

Asian investors turn to housing, real assets as global tension shakes market confidence

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 acquires minority stake in PhilRatings

Oct 7, 2026

Moody's acquires minority stake in PhilRatings

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.

Semirara Mining decries coal assets surrender requirement to join bidding

Oct 7, 2026

Semirara Mining decries coal assets surrender requirement to join bidding

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 taps Tookitaki for anti-financial crimes screening

Oct 7, 2026

Security Bank taps Tookitaki for anti-financial crimes screening

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’s plunge shows risks facing China’s biotech expansion into global markets

Oct 7, 2026

US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global markets

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

Oct 7, 2026

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

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

NGCP: No intention to delay implementation of ancillary service contracts

Oct 7, 2026

NGCP: No intention to delay implementation of ancillary service contracts

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.

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

Oct 7, 2026

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

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Jobless Pinoys declined by 375,000 to 2.77M in August 2026

Oct 7, 2026

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

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 MPF has gained nearly HK$100b this year despite September loss: report

Oct 7, 2026

Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report

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 named top wellness destination by Canadian travellers

Oct 7, 2026

Phuket named top wellness destination by Canadian travellers

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

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

Oct 6, 2026

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

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,...

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