COA flags SSS P40-B 'paper loss' in equity investments

GMA Network - Oct 16, 2026

State auditors have flagged the nearly P40-billion in unrealized equity investment losses incurred by private sector workers" pension fund Social Security System (SSS).

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Cebu’s tourism boom goes off the beaten path

Oct 16, 2026

Cebu’s tourism boom goes off the beaten path

MANILA, Philippines — Major investments are pushing Cebu’s tourism and commercial activity beyond its familiar and better-known tourism districts, giving travelers more reasons to stay in areas that businesses once overlooked. Changes in economic activity have gradually redrawn Cebu’s hotel map, with hotel operators following travelers beyond established hubs. READ: Cebu tourism steady, modest growth driven

BIZ BUZZ: ‘Sec. Turo’ out to reclaim old throne

Oct 16, 2026

BIZ BUZZ: ‘Sec. Turo’ out to reclaim old throne

MANILA, Philippines — There seems to be no end in sight to the changes in the Cabinet, even as the Marcos administration approaches the end of its term. This week alone saw Dave Gomez replaced by Lino Cayetano as head of the Presidential Communications Office and Robert de Claro transferred from the Social Security System

BOC sets up office for domestic stakeholder affairs

Oct 16, 2026

BOC sets up office for domestic stakeholder affairs

MANILA, Philippines — The Bureau of Customs (BOC) is tightening its oversight of engagements with government agencies, business groups, and other stakeholders through a new office that coordinates partnerships and monitors their implementation. Under Customs Memorandum Order No. 17-2026, the BOC created the Customs Local Affairs Office (CLAO) to institutionalize a framework for domestic stakeholder

Shenzhen Airlines moves to expand PH presence

Oct 16, 2026

Shenzhen Airlines moves to expand PH presence

MANILA, Philippines — Shenzhen Airlines is seeking regulatory approval to expand its operations in the Philippines, as China’s fifth-largest airline looks to capitalize on growing travel demand between the two Asian countries. According to a notice posted by the Civil Aeronautics Board (CAB), the Chinese carrier has applied for a foreign air carrier permit that would

DA seeks tollway help for farmers, consumers

Oct 16, 2026

DA seeks tollway help for farmers, consumers

MANILA, Philippines — The Department of Agriculture (DA) is seeking more support from tollway operators for an initiative to ease the impact of rising fuel costs on the farm sector and Filipino consumers. The agency refers to the rebate program for trucks transporting agricultural products, under which qualified beneficiaries can receive toll discounts. READ: Toll fees

Up to P4.20/liter gasoline rollback, P0.40/liter diesel hike seen next week

Oct 16, 2026

Up to P4.20/liter gasoline rollback, P0.40/liter diesel hike seen next week

Motorists should expect mixed movements in fuel prices to be implemented in the coming week.

Hong Kong’s IPO fraud clampdown sends shock waves across financial sector

Oct 16, 2026

Hong Kong’s IPO fraud clampdown sends shock waves across financial sector

Hong Kong regulators’ tough action to crack down on fraudulent activity in the initial public offering market is sending ripples across the city’s financial industry, with insiders predicting short-term turbulence as some listings are scaled back or even cancelled. Financial intermediaries and IPO sponsors in particular find themselves in a “difficult position”, as they are now expected to conduct deeper due diligence to ensure deals are free from distortions, sources told the South China...

Hong Kong investors most eager in Asia to beat markets – but temper return hopes: report

Oct 15, 2026

Hong Kong investors most eager in Asia to beat markets – but temper return hopes: report

Hong Kong investors are Asia’s most ambitious stock pickers, but they have much more subdued return expectations than regional peers swept up in enthusiasm over artificial intelligence, according to a survey by a global asset management firm. Some 95 per cent of Hong Kong respondents said they wanted to outperform the market, the highest proportion in Asia, where the average stood at 85 per cent, according to a survey conducted in August by Natixis Investment Managers. Hong Kong investors...

Thailand Faces a New Economic Test Nearly 30 Years After Its IMF Rescue

Oct 15, 2026

Thailand Faces a New Economic Test Nearly 30 Years After Its IMF Rescue

Thailand hosts the IMF-World Bank annual meetings in Bangkok this week, nearly three decades after the 1997 Asian financial crisis.

ASEAN Statement Calls on Nations to Safeguard Journalism Against Artificial Intelligence

Oct 15, 2026

ASEAN Statement Calls on Nations to Safeguard Journalism Against Artificial Intelligence

ASEAN countries adopted a Joint Declaration in Bali to protect journalistic works from unauthorized use by digital platforms and AI.

Gov’t eyes raising bioethanol blend to 15%

Oct 15, 2026

Gov’t eyes raising bioethanol blend to 15%

MANILA, Philippines — The government plans to raise the mandatory bioethanol blend in gasoline to 15 percent (E15) to help curb high fuel prices and boost domestic production, an energy official said. According to Department of Energy (DOE) undersecretary Alessandro Sales, the National Biofuels Board (NBB) has begun studying the possibility of increasing the blend to

BIR posts double-digit revenue growth in September 2026

Oct 15, 2026

BIR posts double-digit revenue growth in September 2026

MANILA, Philippines — The Bureau of Internal Revenue (BIR) recorded double-digit revenue growth in September 2026, with gross collections reaching P203.581 billion, an increase of P20.056 billion or 10.93 percent compared with the same month last year, based on preliminary data as of Oct. 13, 2026. “Our taxpayers are doing their part, and our revenuers are

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