AFC SME offering P5M for home construction

GMA Network - Oct 27, 2026

AFC SME Finance Inc., a subsidiary of Asialink Finance Corp., said Tuesday it is offering loans of up to P5 million for home construction.

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MPTC gets TRB OK for new toll rates at CAVITEX R1 Extension

Oct 27, 2026

MPTC gets TRB OK for new toll rates at CAVITEX R1 Extension

Pangilinan-led Metro Pacific Tollways Corp. on Tuesday announced it has secured the approval of the Toll Regulatory Board (TRB) for the collection of the second-tranche toll rates at CAVITEX R1 Expressway Extension.

New diesel price hike set Oct. 27

Oct 27, 2026

New diesel price hike set Oct. 27

Diesel products have increased for the second straight week, while gasoline prices recorded another rollback as geopolitical conflicts continued to trigger oil price volatility. The Department of Energy (DOE) said gasoline prices would drop by 30 centavos per liter, while diesel and kerosene would be more expensive by P1.20 and 50 centavos per liter, respectively

Stronger public-private partnership urged to allow more Filipinos acquire homes

Oct 27, 2026

Stronger public-private partnership urged to allow more Filipinos acquire homes

A member of the House committee on banks and financial intermediaries has called for enhanced collaboration among government agencies, real estate developers, and housing finance institutions to narrow the gap between residential property prices and the purchasing capacity of Filipino families.

HSBC shares drop 5% despite strong third-quarter profit, US$1b share buy-back

Oct 27, 2026

HSBC shares drop 5% despite strong third-quarter profit, US$1b share buy-back

Shares of HSBC dropped 5 per cent on Tuesday even as Hong Kong’s biggest lender reported a 32 per cent rise in third quarter pre-tax profits and announced a new round of share buy-backs worth US$1 billion. The bank said its third quarter pre-tax profit increased to US$9.6 billion, in-line with US$9.7 billion estimated by analysts, compared with US$7.3 billion a year earlier. The buy-back amount for the third quarter was in line with analysts’ estimates. The bank will also pay a quarterly...

Peso breaches P64:$ level, new record low

Oct 27, 2026

Peso breaches P64:$ level, new record low

The Philippine peso dived to a new record low, breaching the P64:$ level during the intraday trading on Tuesday.

Taiwan sees growth potential in PH food sector

Oct 27, 2026

Taiwan sees growth potential in PH food sector

MANILA, Philippines — Taiwanese industry groups see strong potential to tap into the Philippine restaurant and processed-food sectors. However, they expect that higher prices and supply constraints will limit Taiwanese pork shipments over the next few years. “The Philippine market is sizable, but consumers prioritize price and supply,” said Jennifer Chang, vice president of Taiwan-based Commerce

BFAR invests P34.66M to boost Zamboanga seaweed output

Oct 27, 2026

BFAR invests P34.66M to boost Zamboanga seaweed output

MANILA, Philippines — The Bureau of Fisheries and Aquatic Resources (BFAR) distributed P34.66 million worth of farming equipment to boost seaweed production in the Zamboanga Peninsula and strengthen the Philippines’ standing in the global seaweed market. The agency turned over 29 deep-sea seaweed nursery systems, which use the raft method, to beneficiaries in Zamboanga del Sur,

Battered peso sinks to new low, nears 64:$1

Oct 27, 2026

Battered peso sinks to new low, nears 64:$1

MANILA, Philippines — The Philippine peso extended its losses at the start of a busy trading week, edging closer to 64 per dollar on Monday as investors braced for a series of major central bank decisions amid persistent geopolitical tensions and rising oil prices. The currency fell 33.5 centavos to close at a record low of

Households may choose power provider by 2031

Oct 27, 2026

Households may choose power provider by 2031

MANILA, Philippines — Local power regulators are seeking to further reduce the retail choice threshold that will allow all Filipino households to choose their own electricity supplier by 2031. The Energy Regulatory Commission (ERC) is currently creating a five-year roadmap to hit this goal. READ: ERC mulls over 50-kilowatt power retail threshold This follows the significant

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Oct 27, 2026

SRA backs higher tax on drinks with artificial sweeteners

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Cirtek unloads electronics unit for $20M

Oct 27, 2026

Cirtek unloads electronics unit for $20M

MANILA, Philippines — Cirtek Holdings Philippines Corp. seeks to sell its electronics subsidiary to an Indian company for $20.2 million, with proceeds earmarked for debt payments and the working capital needs of its remaining core business. In a regulatory filing on Monday, Cirtek said its board approved the sale of its entire stake in Cirtek

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Oct 27, 2026

BPI to raise at least P5B from new sustainability bonds

MANILA, Philippines — Bank of the Philippine Islands (BPI) plans to raise at least P5 billion through sustainability bonds to finance or refinance eligible green and social projects. The Ayala-led bank said its planned peso-denominated, fixed-rate issuance would carry an option to upsize, allowing the bank to raise more than the initial amount. READ: BPI

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