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Philstar - Sep 27, 2026

There were two rather disturbing pieces of news last week.

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China’s CXMT gets pledge of support as provincial party chief vows chip-industry expansion

Oct 15, 2026

China’s CXMT gets pledge of support as provincial party chief vows chip-industry expansion

Three weeks into his tenure as the Communist Party secretary of Anhui province, Li Lecheng carried out an on-site inspection at China’s home-grown memory chip giant ChangXin Memory Technologies (CXMT) on Wednesday, pledging to grow integrated circuits (ICs) as an emerging pillar industry. During the visit to the company’s headquarters in the central province’s capital of Hefei, Li urged CXMT to further refine its product portfolio and actively expand into domestic and overseas markets. He...

UPS opens $80-M Clark hub

Oct 15, 2026

UPS opens $80-M Clark hub

Global logistics firm UPS on Thursday opened its $80-million new hub at Clark International Airport.

AI job losses set to rein in office demand in developed Asia-Pacific economies: report

Oct 15, 2026

AI job losses set to rein in office demand in developed Asia-Pacific economies: report

A mild displacement of jobs across the Asia-Pacific region as companies expand their use of AI would trim five percentage points off growth in office space demand in the next few years, according to property consultancy CBRE. In a report released on Thursday it said 3.9 per cent of office jobs were vulnerable to artificial intelligence-driven displacement in developed markets in the region, including Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia and New Zealand. However, only 1.7...

BIR collects P203.581B in September 2026, up 10.93%

Oct 15, 2026

BIR collects P203.581B in September 2026, up 10.93%

The Bureau of Internal Revenue (BIR) on Thursday said it saw a double-digit revenue growth in September 2026 compared to last year.

HSBC launches discretionary portfolio management service for retail investors

Oct 15, 2026

HSBC launches discretionary portfolio management service for retail investors

HSBC has launched a discretionary portfolio management service for retail investors with a minimum investment threshold as low as HK$1,000 (US$128) per month, as Hong Kong’s largest lender aims to attract younger, tech-savvy customers. The new service, “Portfolio+”, allows HSBC’s retail banking customers in Hong Kong to build a discretionary investment portfolio via the company’s mobile apps with a lump sum of at least HK$10,000 or regular contributions of HK$1,000 per month, according to Winnie...

Cash remittances rose to $3.035B in August 2026 -- BSP data

Oct 15, 2026

Cash remittances rose to $3.035B in August 2026 -- BSP data

Cash remittances from overseas Filipinos increased year-on-year in August 2026, data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed.

From the Iran War to the World’s Dinner Table: Key Implications for the Global Food Supply Chain

Oct 15, 2026

From the Iran War to the World’s Dinner Table: Key Implications for the Global Food Supply Chain

The Middle East conflict presents both risks and opportunities for Thailand's food industry. Rising energy and raw material costs, particularly fertilizers and plastic packaging inputs, are increasing production expenses, while transportation disruptions threaten supply chains across agriculture

Gov’t urged to hasten Luzon corridor deals

Oct 15, 2026

Gov’t urged to hasten Luzon corridor deals

MANILA, Philippines — The country’s largest business group has urged the government to fast-track projects under the Luzon Economic Corridor (LEC) initiative, which it said presents a “significant opportunity” for Philippine businesses that could go unrealized without timely implementation. In a 75-page document released at the 52nd Philippine Business Conference and Expo, the Philippine Chamber

Peso breaches P63:$1

Oct 15, 2026

Peso breaches P63:$1

The Philippine peso weakened past the P63:$1 level in early trading on Thursday, breaching fresh record lows against the US dollar, data from the Bankers Association of the Philippines showed.

Safeguards for ‘legitimate’ ’28 campaign donations pushed

Oct 15, 2026

Safeguards for ‘legitimate’ ’28 campaign donations pushed

MANILA, Philippines — Considering top business executives’ role in bankrolling political campaigns, the country’s largest business organization is studying how it can help ensure that campaign contributions are “legitimate” ahead of the 2028 national elections. Philippine Chamber of Commerce and Industry (PCCI) president Ferdinand Ferrer said the group was already looking into the mechanics of

First Gen powers Japanese manufacturing facility in Cebu

Oct 15, 2026

First Gen powers Japanese manufacturing facility in Cebu

MANILA, Philippines — First Gen Corp. has activated a solar rooftop project for the auto and industrial parts production facility of a Japanese multinational firm. The Lopez-led firm said on Wednesday that the solar facility for NKC Group’s Cebu subsidiary is now operational, just in time as the Visayas region faces electricity issues. READ: First Gen

Exporters push stronger trade with China

Oct 15, 2026

Exporters push stronger trade with China

MANILA, Philippines — The largest exporters’ organization in the Philippines is calling for a recalibration of Manila’s trade and geopolitical relations with the United States and China, particularly amid uncertainties surrounding US President Donald Trump’s tariff policies. Sergio Ortiz-Luis Jr., president of the Philippine Exporters Confederation Inc. (Philexport), said he considered Beijing a more reliable

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