Big oil price cuts seen, tied to Trump poll rout

Inquirer.net - Nov 7, 2026

The motoring public is expected to get a big break from elevated fuel prices over renewed optimism that the Middle East war will end after Democrats won control of the United States Congress. Jetti Petroleum president Leo Bellas said gasoline prices may significantly drop by P12.50 to P13.50 per liter starting Nov. 10. He noted

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Converge earnings slipped to P8.1B at end-September

Nov 7, 2026

Converge earnings slipped to P8.1B at end-September

MANILA, Philppines — Converge ICT Solutions Inc. saw its bottom line dip in the first three quarters of 2026, as rising costs offset modest revenue gains fueled by its booming enterprise business. On Friday, the fiber connectivity provider reported a net income after tax of P8.1 billion for the January-to-September period, down 9.1 percent year-on-year from

Nickel mining, power bolster DMCI Holdings’ 9-mo result

Nov 7, 2026

Nickel mining, power bolster DMCI Holdings’ 9-mo result

MANILA, Philippines — DMCI Holdings Inc. posted a 28-percent rise in profit during the first nine months of 2026, with its businesses driving higher earnings, particularly power and nickel mining. The Consunji-led conglomerate said Friday its consolidated net income during the period had climbed to P15 billion from P11.7 billion. READ: DMCI profit jumped 26%

D&L Industries posts stronger Jan-Sept bottom line

Nov 7, 2026

D&L Industries posts stronger Jan-Sept bottom line

MANILA, Philippines — D&L Industries Inc., a listed specialty food ingredients and oleochemicals producer, is well on track for double-digit income growth this year after its diversified business segments emerged stronger despite persistent external factors hounding the market. In a media briefing on Friday, D&L president and CEO Alvin Lao said that the group’s earnings

Temu joins Philippine fight vs counterfeiting

Nov 7, 2026

Temu joins Philippine fight vs counterfeiting

MANILA, Philippines — Chinese e-commerce platform Temu has agreed to cooperate with the Philippines’ campaign to rid online marketplaces of counterfeit goods. Temu signed a memorandum of understanding (MOU) with the Intellectual Property Office of the Philippines (IPOPHL), which leads government efforts to protect intellectual property rights and combat counterfeiting and piracy. READ: Consumer group presses

DOF seeks P724-m South Korean grant for healthcare

Nov 7, 2026

DOF seeks P724-m South Korean grant for healthcare

MANILA, Philippines — The Department of Finance (DOF) has requested a P724-million grant from the Korea International Cooperation Agency (KOICA) to fund an initiative under the broader Universal Health Care program for underserved communities along the Luzon Economic Corridor. In a statement, the DOF said it proposed the partnership to support the Department of Health’s

Fisheries slump extends to 4th year — PSA

Nov 7, 2026

Fisheries slump extends to 4th year — PSA

MANILA, Philippines — The country’s fisheries production has declined for four consecutive third quarters as various subsectors have decreased, according to data from the Philippine Statistics Authority (PSA). Data from the statistics agency showed fisheries output totaled 886,556.60 metric tons (MT) in the July to September period, down 1.8 percent. The overall volume has been

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

Nov 7, 2026

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

Tiger Brokers is seeking to offset the effects of Beijing’s regulatory crackdown by tapping business opportunities in Hong Kong, according to its CFO. “User growth is currently mainly driven by local Hong Kong clients, and overall client growth remains very strong,” said John Zeng, Group CFO and CEO of Tiger Brokers (Hong Kong), when asked about Beijing’s scrutiny of unauthorised cross-border stock trading. “We will certainly fully comply with regulatory requirements in acquiring new...

China–Lao PDR Launch Cross-Border e-CNY Payment Connect

Nov 6, 2026

China–Lao PDR Launch Cross-Border e-CNY Payment Connect

The People’s Bank of China and Bank of the Lao PDR launched a CBDC-enabled cross-border payment system, enhancing economic connectivity and transparent currency settlement between China and Lao PDR.

SSS death benefits climb to P63.7B in Jan-Sept

Nov 6, 2026

SSS death benefits climb to P63.7B in Jan-Sept

MANILA, Philippines — Death benefits disbursed by the Social Security System (SSS) jumped to P63.74 billion in the first three quarters of the year, driven by the early implementation of a pension increase for surviving spouses or death pensioners in June. In a statement, the SSS said death benefit payouts through the end of September rose 10.4

Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra

Nov 6, 2026

Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra

MANILA, Philippines — Peppermint Bizmoto Inc., a Philippine electronic money issuer (EMI), is strengthening its digital payment infrastructure through a dedicated Multiprotocol Label Switching (MPLS) connectivity agreement involving VITRO Inc., part of the PLDT Group’s enterprise technology ecosystem. The initiative marks an important milestone in Peppermint’s commitment to building secure, reliable, and scalable payment infrastructure

Beijing calls for more efforts to stabilise stock market after renewed sell-off

Nov 6, 2026

Beijing calls for more efforts to stabilise stock market after renewed sell-off

China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday. The comments came as the CSI 300 Index, which tracks major...

China’s AI models, led by Kimi, dominate open-source enterprise spending

Nov 6, 2026

China’s AI models, led by Kimi, dominate open-source enterprise spending

Chinese artificial intelligence models led by Moonshot AI’s Kimi family accounted for nearly nine-tenths of estimated global enterprise spending on open-source systems, according to a new study, even though proprietary US rivals continue to capture the vast majority of overall revenue. The report, released this week by Silicon Valley venture capital firm Menlo Ventures, said Chinese AI systems accounted for 89 per cent of global enterprise spending on open-source models. Kimi led with a 61 per...

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