House helpers in CALABARZON to get P750 minimum wage increase on Oct. 26

GMA Network - Oct 13, 2026

House helpers in CALABARZON will receive a P750 increase in their monthly minimum wage starting October 26, the Department of Labor and Employment (DOLE) said Tuesday.

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SEC cracks down on FB page posing as licensed lender

Oct 13, 2026

SEC cracks down on FB page posing as licensed lender

MANILA, Philippines — The Securities and Exchange Commission (SEC) has ordered the operators of a Facebook (FB) page posing as Cash-Express Philippines Financing Inc. to stop unauthorized financing and lending activities, citing risks to borrowers’ money and personal information. The cease-and-desist order covers the persons or entities behind “Cash-Express Payday Loan,” along with their representatives, agents

Philex operations continue despite strike

Oct 13, 2026

Philex operations continue despite strike

MANILA, Philippines — Philex Mining Corp. said mining operations at its mine site in Tuba, Benguet, continue despite the ongoing workers’ strike over wages. “So far, mining and processing operations have continued and remained unhampered,” the Pangilinan-led mining company said in a disclosure on Monday. READ: Silangan mine to boost Philex revenues by 2027 “Initial

DTI hopes for US tariff relief; remedies noted

Oct 13, 2026

DTI hopes for US tariff relief; remedies noted

MANILA, Philippines — The Department of Trade and Industry (DTI) hopes to soon secure a lower US tariff rate for Philippine exports after a recent report from Washington acknowledged the government’s efforts to prevent forced labor. Currently, more than a third of Philippine exports to the United States face a 12.5-percent tariff following a Section 301

Aircraft parts maker raises stake in PH

Oct 13, 2026

Aircraft parts maker raises stake in PH

MANILA, Philippines — Less than a year after establishing a manufacturing base in a Philippine ecozone, a global aerospace parts manufacturer is expanding to Batangas, where it plans to produce components for export to markets including the United States and the United Kingdom. The Philippine Economic Zone Authority (Peza) said Global Aerospace Technology Philippines Inc. is

PH seeks $57.4M in fresh investments in agri sector

Oct 13, 2026

PH seeks $57.4M in fresh investments in agri sector

MANILA, Philippines — The Philippines is seeking to attract $57.4 million in agricultural investments during a global investment forum happening this week. The Food and Agriculture Organization (FAO) of the United Nations said that the country will pitch proposals to international financial institutions and private investors during the FAO Hand-in-Hand Investment Forum to be held at

BIR to roll out 6 digital projects in 2027

Oct 13, 2026

BIR to roll out 6 digital projects in 2027

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has lined up six projects for rollout or implementation in 2027 under its broader digital transformation programs covering taxpayer services, tax systems and internal operations. These projects form part of the BIR’s strategic plan for 2026 to 2028, which covers a five-point agenda including digital and

Mainland Chinese traders boost Hong Kong stock buying for fourth month as AI bets surge

Oct 13, 2026

Mainland Chinese traders boost Hong Kong stock buying for fourth month as AI bets surge

Mainland Chinese investors bought more Hong Kong stocks than they sold for a fourth consecutive month in September, with purchases accelerating despite persistent headwinds from elevated US Treasury yields and oil prices. Onshore traders poured a net HK$60.8 billion (US$7.7 billion) into Hong Kong’s stocks via the Stock Connect programme last month, up from HK$10.4 billion in August, according to financial data provider Wind. Net buying reached HK$134.1 billion in the third quarter. Mainland...

BIZ BUZZ: Pagcor scores wins vs gambling addiction

Oct 13, 2026

BIZ BUZZ: Pagcor scores wins vs gambling addiction

MANILA, Philippines — Alejandro Tengco, chair and chief executive officer of the Philippine Amusement and Gaming Corp. (Pagcor), has an extra spring in his step these days despite the prospect of lower revenues this year. That’s because Pagcor’s campaign to help patrons who feel they are developing a gambling problem is gaining ground. Tengco said

IMF says AI investment is giving Thailand’s technology supply chain a boost

Oct 13, 2026

IMF says AI investment is giving Thailand’s technology supply chain a boost

According to IMF the global surge in artificial intelligence investments is helping maintain economic growth around 3%, even amid an energy supply shock.

Chinese stocks an undervalued opportunity, says Charlie Munger disciple

Oct 13, 2026

Chinese stocks an undervalued opportunity, says Charlie Munger disciple

Shares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy amid tensions with the US and the ongoing artificial intelligence race. The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific. While stock markets in China and Hong...

CPF Philippines earmarks P300M for Tarlac poultry expansion

Oct 12, 2026

CPF Philippines earmarks P300M for Tarlac poultry expansion

MANILA, Philippines — Charoen Pokphand Foods Philippines Corp. (CPFPC) is spending up to P300 million to expand a poultry farm in Tarlac. The local unit of Thai conglomerate Charoen Pokphand Foods Public Co. Ltd. is amending its environmental compliance certificate (ECC) for a breeder poultry farm in the town of Pura to reflect CPFPC as the

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Oct 12, 2026

Habagat, El Niño may hit farm output despite ample supply

MANILA, Philippines — Despite assurances of ample food supply, the Department of Agriculture (DA) said the southwest monsoon and a possible strong El Niño may affect local farm production in the second half of 2026. The DA did not provide specific estimates of the projected decline in output. Agriculture Secretary Francisco Tiu Laurel Jr. stated that the

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