Asian property firms shift from owning more to earning more

Inquirer.net - Oct 30, 2026

MANILA, Philippines – Major property companies across Asia are selling mature assets to fund new investments, reduce debt, and expand recurring-income businesses. The strategy reflects a shift in how developers measure success: less by the size of their portfolios and more by the returns they generate. Known as capital recycling, the approach allows developers to

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PH pushes wider social security coverage for freelancers

Oct 30, 2026

PH pushes wider social security coverage for freelancers

MANILA, Philippines — The Social Security System (SSS) is partnering with the Department of Information and Communications Technology to expand social security coverage for an estimated 1.5 million freelancers and virtual assistants in the Philippines. The two agencies signed a memorandum of understanding on Oct. 21 to promote social security membership and compliance among workers in

From Stars to Bib Gourmand: How the Michelin Guide Judges Food

Oct 30, 2026

From Stars to Bib Gourmand: How the Michelin Guide Judges Food

MANILA, Philippines — Makati-based fine-dining restaurant FLOW received a Michelin Star on October 29, joining the growing list of Michelin-starred restaurants in the Philippines. The Filipino-Peruvian establishment brings the country’s total to nine one-star restaurants, with Helm remaining the only two-star restaurant. This raises the question: What separates a one-star restaurant from a two-star establishment?

Moody’s: Strong BSP oversight shields PH banks from risks

Oct 30, 2026

Moody’s: Strong BSP oversight shields PH banks from risks

MANILA, Philippines — Philippine banks remain healthy and well-capitalized despite mounting economic challenges, supported by strong regulatory oversight from the Bangko Sentral ng Pilipinas (BSP), Moody’s Ratings said. In a report dated Oct. 29, the global debt watcher assigned the Philippines a banking sector risk score of “a,” matching those of Colombia, India, Indonesia and Malaysia.

Hackers steal $6.3 billion from Binance in record heist blamed on North Korea

Oct 30, 2026

Hackers steal $6.3 billion from Binance in record heist blamed on North Korea

SINGAPORE/TOKYO/PARIS - Hackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a theft that analysts blamed on North Korea and said could be the largest financial heist of all time.

Michelin Guide: Why Your Favorite Restaurant May Not Have a Star

Oct 30, 2026

Michelin Guide: Why Your Favorite Restaurant May Not Have a Star

MANILA, Philippines — The Michelin Guide announced FLOW as the latest addition to the Philippines’ Michelin-starred restaurants on October 29. Located along Chino Roces Avenue in Makati, the fine-dining establishment brings the country’s total to 10 starred restaurants. However, the Guide’s 2027 selection recognized 127 establishments in all.ments in all. Yet, if so many restaurants received

Amid brutal sell-off, what comes next for Google, Amazon and other Big Tech titans?

Oct 30, 2026

Amid brutal sell-off, what comes next for Google, Amazon and other Big Tech titans?

Soaring artificial intelligence revenues have failed to shield Intel, Amazon and Google’s parent company Alphabet from a brutal Wall Street sell-off, as their latest quarterly results deepened investor jitters over mounting capital spending and delayed returns. Intel plunged about 23 per cent in extended trading on Thursday, while Amazon shed 7.3 per cent. Alphabet tumbled 12.6 per cent during the regular session in its worst day on record, dragging the Nasdaq Composite down 1.4 per cent and...

Peso continues gains vs dollar, closes at P63.74:$1

Oct 30, 2026

Peso continues gains vs dollar, closes at P63.74:$1

The Philippine peso extended its win-streak against the US dollar, ending the week on a strong note on Friday, lifted by optimism on President Ferdinand Marcos Jr."s assurance the government will prevent the peso from sliding further.

Gasoline prices set to rise next week

Oct 30, 2026

Gasoline prices set to rise next week

MANILA, Philippines — Mixed adjustments in fuel prices may greet the motorists in the first week of November, with gasoline slated for a price hike.  Jetti Petroleum president Leo Bellas said gasoline prices may jump by P2.90 to P3.20 per liter.  READ: US could strike Iran this weekend, envoy says Diesel may record a slight reduction

Chinese flying cars more commercially viable than Tesla’s Roadster, says Xpeng executive

Oct 30, 2026

Chinese flying cars more commercially viable than Tesla’s Roadster, says Xpeng executive

Flying cars developed by Chinese companies are by design more feasible for commercial use than Tesla’s Roadster, according to an executive at Xpeng, after a recent demonstration by the US tech giant sparked discussion about tech leadership in mainland China. Wang Tan, co-founder of Aridge, the affiliate of Chinese electric vehicle (EV) maker Xpeng, said Chinese companies had adopted different technologies than Tesla did. While the Roadster’s mid-air flip and successful landing as seen in a live...

Power outages loom anew across Visayas

Oct 30, 2026

Power outages loom anew across Visayas

MANILA, Philippines — The Visayas power crunch persisted on Friday, with the grid operator declaring another red alert amid a thin electricity supply due to the unavailability of major coal power plants. The National Grid Corp. of the Philippines (NGCP) said the red alert status would be in effect from 5 p.m. to 7 p.m. The

Globe seeks connectivity integration in property development masterplans

Oct 30, 2026

Globe seeks connectivity integration in property development masterplans

Globe seeks connectivity integration in property development masterplans

How Malaysia-based Labuan IBFC provides the framework and fintech for global expansion

Oct 30, 2026

How Malaysia-based Labuan IBFC provides the framework and fintech for global expansion

The Asia-Pacific region stands out as the world’s most dynamic market for asset and wealth management, according to insights from PwC Australia, with assets under management (AUM) expected to hit the US$34.5 trillion mark by the end of the decade; in 2024 the figure stood at US$23.3 trillion. The profile of affluent individuals and families across Asia is also changing, with the Boston Consulting Group’s “The Asia Generational Wealth Report 2025: Succession in a New Era” highlighting that...

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