Cebu Pacific cancels flights to Riyadh over Middle East tensions

GMA Network - Oct 9, 2026

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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Survey: Filipinos lost P121B to scams in 2025

Oct 9, 2026

Survey: Filipinos lost P121B to scams in 2025

MANILA, Philippines — Scams cost Filipino consumers an estimated P121.8 billion over the past year as exposure to fraudulent schemes continued to climb, with more than eight in 10 adults encountering scammers, according to the latest report by the Global Anti-Scam Alliance (Gasa). In its 2026 State of Scams report, Gasa said that 84 percent

PAL extends suspension of Manila-Riyadh flights

Oct 9, 2026

PAL extends suspension of Manila-Riyadh flights

Flag carrier Philippine Airlines (PAL) on Friday announced it is extending the suspension of its Riyadh flights due to escalating tensions in the Middle East.

Hong Kong faces limited impact if Fed curbs access to US dollar funding facility: analysts

Oct 9, 2026

Hong Kong faces limited impact if Fed curbs access to US dollar funding facility: analysts

A US lawmaker’s call for a review of Hong Kong’s access to a Federal Reserve facility that provides short-term US dollar funding would have limited impact on the city as it is not a regular source of financing, according to analysts, who said any restriction could instead weaken the US dollar’s global dominance. John Moolenaar, chairman of the House Select Committee on China, has written to US Federal Reserve chairman Kevin Warsh urging a review of the Hong Kong Monetary Authority’s (HKMA)...

PH eyes Bulacan as global AI hardware gateway

Oct 9, 2026

PH eyes Bulacan as global AI hardware gateway

The Philippines is eyeing Bulacan as a gateway for artificial intelligence (AI) compute hardware for Asia and the world, as part of a long-term industrial strategy that extends beyond the planned Pax Silica hub in New Clark City.

Property development affected by inflation, infrastructure freeze, Gatchalian warns

Oct 9, 2026

Property development affected by inflation, infrastructure freeze, Gatchalian warns

Senate President Sherwin Gatchalian said that rising living costs, a sharp drop in public works spending, and slowing economic growth continue to drag on property development.

Can China use its widening US yield gap to boost the yuan’s global role?

Oct 9, 2026

Can China use its widening US yield gap to boost the yuan’s global role?

China should seize a window opened by the widening US-China yield gap to strengthen the financing, hedging and asset-absorption systems behind the yuan, turning its cyclical low-interest-rate advantage into lasting global use of the currency, according to a researcher from a Beijing-based governmental think tank. The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per cent for Chinese government bonds on their first trading day after the National Day holiday – a gap...

Peso sinks to fresh record low of 62.90:$1

Oct 9, 2026

Peso sinks to fresh record low of 62.90:$1

MANILA, Philippines — The Philippine peso fell to a new record low on Thursday as expectations of higher US interest rates strengthened the dollar. The peso weakened 15 centavos to close at 62.90 per dollar, surpassing its previous record-low close of 62.86 set on Sept. 14, according to data from the Bankers Association of the Philippines.

100-km NCR busway boost pushed

Oct 9, 2026

100-km NCR busway boost pushed

MANILA, Philippines — The Department of Transportation (DOTr) is planning three new high-capacity bus corridors spanning more than 100 kilometers (km) across Metro Manila, building on the existing EDSA Busway to improve public transport connectivity in the capital region. Transportation Undersecretary Mark Pastor said the proposed corridors would run along C5, Quezon Avenue and Ortigas-Aurora. READ:

PH growth seen below 3% with weak demand, inflation

Oct 9, 2026

PH growth seen below 3% with weak demand, inflation

MANILA, Philippines — Economic growth this year is likely to fall short of President Ferdinand Marcos Jr.’s target as weak domestic demand weighs on the economy, Bank of America said, while the central bank is expected to focus more on taming red-hot inflation than supporting growth for now. In a note to clients, BofA forecasts that

Figaro Culinary moves to delist from PSE

Oct 9, 2026

Figaro Culinary moves to delist from PSE

MANILA, Philippines — Figaro Culinary Group Inc. is seeking to delist from the Philippine Stock Exchange (PSE), with Figaro Coffee Systems Inc. (FCSI) planning to buy out minority shareholders at P0.82 per share. In a disclosure on Thursday, the restaurant operator said it received on Oct. 7 a notice from FCSI regarding the proposed tender

Caap ramps up airport makeovers with 91 projects

Oct 9, 2026

Caap ramps up airport makeovers with 91 projects

MANILA, Philippines — The Civil Aviation Authority of the Philippines (Caap) has more than tripled its airport infrastructure project portfolio to 91 this year, as it steps up efforts to modernize gateways amid sustained growth in air travel. Caap Director General Raul Del Rosario said the figure marks a significant increase from just 25 projects in

10 firms eye PH’s first natural gas auction

Oct 9, 2026

10 firms eye PH’s first natural gas auction

MANILA, Philippines — Ten companies, including those backed by power giants, have expressed interest in joining the country’s first mid-merit natural gas bidding. Among those vying to secure contracts are Prime Infra, featuring its massive gas assets: 1,000-megawatt (MW) Sta. Rita, 600-MW Sta. Maria, 500-MW San Lorenzo and 420-MW San Gabriel natural gas-fired combined cycle power

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