Alternergy earmarks P26B capex for 2027

Inquirer.net - Nov 10, 2026

MANILA, Philippines — Alternergy Holdings Corp., a listed renewable energy producer, is allocating P26 billion in capital expenditures (capex) next year. Gerry Magbanua, president of Alternergy, announced that the group has initiated discussions with lenders to secure financing for its capital expenditures, aimed at deploying two solar projects and one wind facility. READ: Alternergy’s P6.7-B Quezon

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On the right track: Beijing, Ottawa ramp up trade ties as CEOs plan China trip for Apec

Nov 10, 2026

On the right track: Beijing, Ottawa ramp up trade ties as CEOs plan China trip for Apec

Beijing and Ottawa are expanding their trade and business ties through a flurry of visits and exchanges, with Vice-Premier He Lifeng co-chairing a high-level economic dialogue in Canada and a group of top Canadian executives preparing for a trip to Shanghai and Shenzhen. He, China’s lead official on international trade, arrived in Vancouver on Monday for the second economic and financial strategic dialogue with Canada’s Minister of Finance and National Revenue Francois-Philippe Champagne and...

2 Davao firms seal $27-M durian export deals with Chinese company

Nov 10, 2026

2 Davao firms seal $27-M durian export deals with Chinese company

Two Davao City-based companies have forged separate agreements worth a combined $27 million (P1.71 billion) with a Chinese firm for the export of durian, the Department of Agriculture (DA) said on Tuesday.

BOC employee faces raps over unfiled SALN

Nov 10, 2026

BOC employee faces raps over unfiled SALN

MANILA, Philippines — The Department of Finance has pressed charges against a Bureau of Customs (BOC) employee for failing to file his Sworn Statement of Assets, Liabilities, and Net Worth (SALN) with the Civil Service Commission National Capital Region (CSC NCR). In a statement on Tuesday, the DOF said its Revenue Integrity Protection Service (RIPS) acted

GSIS offers P2.75B in emergency loans in calamity-hit areas

Nov 10, 2026

GSIS offers P2.75B in emergency loans in calamity-hit areas

The Government Service Insurance System (GSIS) is offering up to P2.75 billion in emergency loans to over 109,000 government workers and pensioners in calamity-hit areas to help in their recovery from a crop pest outbreak, rising dengue cases, and El Niño conditions.

Citigroup CEO Jane Fraser strikes bullish tone on China expansion after brokerage approval

Nov 10, 2026

Citigroup CEO Jane Fraser strikes bullish tone on China expansion after brokerage approval

Citigroup CEO Jane Fraser has struck a confident and optimistic note that the US lender would become a leading investment bank in mainland China after it received approval to set up a wholly-owned securities firm in one of the world’s largest capital markets. Beijing’s supportive stance on foreign financial service firms as well as China’s strength in manufacturing and artificial intelligence would also offer opportunities for Citi as it pursued fresh growth engines, Fraser said at the Citi...

NFA sets palay buying price at P30/kilo, doubles procurement limit

Nov 10, 2026

NFA sets palay buying price at P30/kilo, doubles procurement limit

The National Food Authority (NFA) has set the buying price for palay (unhusked rice) to P30 per kilogram as it also doubled the volume that farmers can procure amid the threat of El Niño to the agriculture sector.

Peso claws back P62-to-$1 level on lower oil prices

Nov 10, 2026

Peso claws back P62-to-$1 level on lower oil prices

The Philippine peso clawed its way back to 62-to-one dollar level amid optimism following the retreat of global fuel prices, after sinking to P63:$1 on slower third quarter economic growth.

Richard Li’s FWD sets world record with sale of US$318m life insurance policy

Nov 10, 2026

Richard Li’s FWD sets world record with sale of US$318m life insurance policy

FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024. FWD did not name the client but said...

Manila Water ramps up water supply investments amid Super El Niño threat

Nov 10, 2026

Manila Water ramps up water supply investments amid Super El Niño threat

East zone concessionaire Manila Water Company Inc. on Tuesday outlined initiatives as it seeks to strengthen its water supply infrastructure ahead of a potentially strong El Niño, with capital expenditures reaching P11.7 billion in the first nine months of the year.

PSEi rallies to 5,700 level on bargain hunting, hopes of easing inflation

Nov 10, 2026

PSEi rallies to 5,700 level on bargain hunting, hopes of easing inflation

Philippine stocks rallied on Tuesday, with the main stock index rebounding to 5,700 level, lifted by bargain hunting and optimism that inflation is easing amid improving fuel prices.

Coins.ph warns vs. digital fraud as number of scam victims rise

Nov 10, 2026

Coins.ph warns vs. digital fraud as number of scam victims rise

Digital asset exchange Coins.ph on Tuesday warned the public about the growing threat of digital fraud as scammers increasingly exploit online channels and financial platforms.

China’s EV exports surge 145% as Iran war drives up overseas demand

Nov 10, 2026

China’s EV exports surge 145% as Iran war drives up overseas demand

China’s electric vehicle (EV) exports hit an all-time high for a second straight month in October, as the country’s carmakers rode a surge in overseas demand driven by the Middle East energy shock. Chinese brands sold a total of 582,000 pure electric and plug-in hybrid vehicles outside mainland China last month, a 144.7 per cent jump from a year earlier, according to data from the China Passenger Car Association (CPCA). The figure – which broke the previous monthly record of 558,000 set in...

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