Blackstone’s Gautam Banerjee joins DBS board

The Business Times - Oct 1, 2026

He currently serves on the boards of Singtel and GIC

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DBM sees no sign budget will be reenacted in 2027

Oct 9, 2026

DBM sees no sign budget will be reenacted in 2027

The Department of Budget and Management (DBM) continues to work with Congress to ensure the passage of the proposed 2027 budget and avoid a reenacted spending program for next year, a top official said Friday.

K&K offers extra warranty to One Stanley homebuyers amid building defects furore

Oct 9, 2026

K&K offers extra warranty to One Stanley homebuyers amid building defects furore

Developer K&K Property has announced plans to offer a six-year structural warranty to homeowners at its luxury One Stanley development, as the company seeks to move on from a growing furore over alleged construction defects at the complex. “As the developer of the One Stanley development project, we attach great importance to the recent public attention surrounding one of the detached houses in the project,” the company said in a statement released late on Friday. One Stanley, a collection of...

PAL extends Riyadh flight suspension until Oct. 11

Oct 9, 2026

PAL extends Riyadh flight suspension until Oct. 11

MANILA, Philippines — Riyadh services operated by flag carrier Philippine Airlines (PAL) will remain suspended until Oct. 11 amid ongoing fighting in the Middle East that has damaged King Khalid International Airport and other Saudi gateways. Earlier, PAL suspended the route, both the Riyadh-bound flight and a return service to Manila, only on Oct. 8. READ:

Strong El Niño may drive up food, power costs in 2027

Oct 9, 2026

Strong El Niño may drive up food, power costs in 2027

MANILA, Philippines — With inflation already accelerating this year, an economist warned that the looming strong El Niño could worsen it further by shrinking agricultural production and driving up electricity costs. Sonny Africa, executive director of think tank Ibon Foundation, said the extreme weather phenomenon could not come at a worse time, as the country

Mixed fuel price adjustments expected next week

Oct 9, 2026

Mixed fuel price adjustments expected next week

MANILA, Philippines — Motorists will continue to enjoy diesel savings for a third consecutive week, while gasoline prices will likely rise again next week. In a Friday advisory, Jetti Petroleum president Leo Bellas said diesel prices may decrease by P1.80 to P2 per liter. READ: Tehran’s wartime billboards mock Trump, boast of victory Gasoline, meanwhile, may

DBM vows tighter rules vs. parties disguised as planning sessions

Oct 9, 2026

DBM vows tighter rules vs. parties disguised as planning sessions

The government is preparing policy revisions to tighten rules on the use of public funds, particularly to curb spending on activities billed as planning sessions but are essentially parties, the Department of Budget and Management (DBM) said Friday.

Hong Kong outlines new liquidity reforms as US market rally pulls funds away

Oct 9, 2026

Hong Kong outlines new liquidity reforms as US market rally pulls funds away

Hong Kong’s securities watchdog is renewing its push to boost market liquidity, setting out further reforms as emerging markets grapple with capital outflow pressure amid a rally in US equities and a strengthening dollar. Speaking at a conference organised by the Asian Securities & Financial Markets Association (Asifma) on Friday, Julia Leung, CEO of the Securities and Futures Commission (SFC), outlined measures ranging from extended trading hours and shorter settlement cycles to cross-market...

China’s hotel room rates disappoint during ‘golden week’ despite tourism boom

Oct 9, 2026

China’s hotel room rates disappoint during ‘golden week’ despite tourism boom

Hotel room rates across mainland China fell short of expectations during the National Day “golden week” holiday despite a tourism boom, as company officials and analysts called for stronger asset and revenue management to ease pricing pressure. Hotel tariffs remained largely unchanged from the previous month between October 1 and 7, even as bookings jumped, according to executives at hotel operators and travel agencies. “The days when hotels and resorts could expect a windfall during the...

PH secures 212.7-M euro loan from World Bank for water, sanitation

Oct 9, 2026

PH secures 212.7-M euro loan from World Bank for water, sanitation

The Philippine government, through the Department of Finance (DOF), has secured loan financing worth 212.7-million euro or about P14.98 billion from the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to improve water security, supply, and sanitation in underserved areas in the Philippines.

DFI Retail Group says it will continue to invest in Hong Kong supermarkets

Oct 9, 2026

DFI Retail Group says it will continue to invest in Hong Kong supermarkets

Hong Kong-headquartered DFI Retail Group, which owns and operates the city’s largest supermarket network, says it will continue to invest in new stores even though consumers remain cautious. Darren Chan, the group’s managing director for food in Hong Kong and Macau, said DFI – whose supermarket chains include Wellcome and Market Place in Hong Kong – was also “looking for opportunities to strengthen” its network where there was “clear customer demand and attractive long-term returns”. “We invest...

China state funds double down on Hua Hong in legacy chip push

Oct 9, 2026

China state funds double down on Hua Hong in legacy chip push

Chinese state funds are ramping up support for the country’s second-largest contract chipmaker, pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new manufacturing facility to fuel Beijing’s drive for self-reliance in mature-node chips. The capital blitz, spanning Hua Hong’s Shanghai-based parent company and a fabrication plant in Wuxi, highlights how government-coordinated financing is doubling down on domestic foundries, as Washington tightens technology...

Cebu Pacific cancels flights to Riyadh over Middle East tensions

Oct 9, 2026

Cebu Pacific cancels flights to Riyadh over Middle East tensions

Cebu Pacific on Friday announced the cancellation of several flights between Manila and Riyadh amid escalating tensions in the Middle East.

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