DOE: Oil prices likely to remain high until yearend

GMA Network - Sep 22, 2026

The Department of Energy (DOE) does not foresee oil prices going down to pre-war levels anytime soon amid the prolonged conflict in the Middle East.

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SSS on track to grow loan book to P300B

Sep 22, 2026

SSS on track to grow loan book to P300B

MANILA, Philippines — The loan portfolio of the Social Security System (SSS) reached P170 billion as of September on steady demand across its regular and newer programs, including the recently launched microloan facility. At a press briefing, officials said the loan portfolio had expanded by about 5 percent from a year earlier, with SSS President and

PH deepens Canada agri push with fresh mango shipment

Sep 22, 2026

PH deepens Canada agri push with fresh mango shipment

MANILA, Philippines — The Philippines has sent another commercial shipment of fresh Carabao mangoes to Canada, this time targeting Vancouver as the government seeks to turn its recent entry into the Canadian market into a more sustained export opportunity. In a statement on Monday, the Department of Agriculture (DA) said that 1 metric ton of mangoes,

BCDA investments surged 535% to P50B in H1

Sep 22, 2026

BCDA investments surged 535% to P50B in H1

MANILA, Philippines — Booming aviation and logistics investments drove a sixfold surge in approved investments under the Bases Conversion and Development Authority (BCDA), the state-run corporation in charge of transforming former military bases into economic centers. In a statement on Monday, the BCDA said it had approved P49.96-billion investments during the January-to-June period, marking a 535

Mitsubishi to raise Ayala stake through P 44.5-billion deal

Sep 22, 2026

Mitsubishi to raise Ayala stake through P 44.5-billion deal

MANILA, Philippines — Mitsubishi Corp. is investing about P44.5 billion to substantially increase its stake in Ayala Corp., deepening a partnership that has spanned more than five decades. On Monday, the Philippines’ oldest conglomerate said it had signed a definitive agreement with the Japanese giant. It covers a combination of primary and secondary shares, including a

ACEN subsidiaries give up 2 solar power contracts

Sep 22, 2026

ACEN subsidiaries give up 2 solar power contracts

MANILA, Philippines — ACEN Corp., the listed energy arm of the Ayala Group, has moved to abandon two service contracts involving solar power projects in Quezon province and Zambales amid land issues. In a regulatory filing on Monday, the renewable energy producer said its subsidiaries have surrendered Solar Energy Operating Contracts No. 2024-08-938 and No. 2021-05-582.

Despite higher costs, Hong Kong’s student residences attract mainland Chinese renters

Sep 22, 2026

Despite higher costs, Hong Kong’s student residences attract mainland Chinese renters

Purpose-built student accommodation is drawing mainland Chinese university students away from Hong Kong’s traditional rental market, as professionally managed residences gain favour despite charging higher rents than many private flats. Some students said dedicated student housing offered greater convenience, stronger security, more predictable costs and a better living environment, helping offset higher rents and, in some cases, longer commutes. Qi Zhonghao, a mainland Chinese student pursuing...

China’s MLCC market splits in 2 as AI server demand outpaces consumer electronics

Sep 22, 2026

China’s MLCC market splits in 2 as AI server demand outpaces consumer electronics

In China’s hardware hub in Shenzhen, the speculative frenzy around consumer multilayer ceramic capacitors (MLCCs) has cooled into a sharp price correction, but prices for artificial intelligence server components remain elevated. Spot prices for consumer-grade MLCCs, often dubbed the “the rice of the electronics industry”, have fallen by two-thirds from their peak two months ago, according to Wang Jun, an MLCC distributor in Huaqiangbei, a commercial zone in the city known for electronic...

Swire Coca-Cola gets robots for heavy lifting in satisfying Chinese consumers’ thirst

Sep 21, 2026

Swire Coca-Cola gets robots for heavy lifting in satisfying Chinese consumers’ thirst

Chinese consumers are demanding more variety from the drinks sections in their local stores, and Swire Coca-Cola is employing robots to help quench this increasingly diversified thirst. The company began using a robotic system for order picking this month in a factory in Zhengzhou, capital of central China’s Henan province, where it has invested 900 million yuan (US$134.3 million). “China is a growth market, and consumer habits are changing,” said Peter Mills, chief supply chain officer of Swire...

Thailand Business News — Morning Briefing

Sep 21, 2026

Thailand Business News — Morning Briefing

Thailand is considering cutting taxes on oil products as the government looks for additional ways to contain the impact of elevated global energy prices on households and businesses.

Robust Economic Foundations to Sustain Vietnam’s Lead in ASEAN Growth Rankings

Sep 21, 2026

Robust Economic Foundations to Sustain Vietnam’s Lead in ASEAN Growth Rankings

Maybank forecasts Vietnam's GDP growth at 7.8% in 2026 and 7.9% in 2027, calling it ASEAN's fastest-growing economy, driven by electronics exports, foreign investment, infrastructure spending, and market reforms, maintaining a VN-Index target of 2,000.

Protect middle class to prop up growth, says ADBI

Sep 21, 2026

Protect middle class to prop up growth, says ADBI

MANILA, Philippines — The government should protect middle-class purchasing power through targeted aid to prevent weaker household consumption from further dragging on economic growth, the Asian Development Bank Institute (ADBI) said. Speaking to reporters, ADBI dean and CEO Bambang Brodjonegoro said the government should target the middle class because it accounts for most household consumption. READ:

Asean urged to boost food security amid risks

Sep 21, 2026

Asean urged to boost food security amid risks

GENEVA, Switzerland — The Association of Southeast Asian Nations (ASEAN) should explore alternative mechanisms to ensure regional food security amid potential disruptions arising from geopolitical events, according to the International Trade Center (ITC). ITC Executive Director Pamela Coke-Hamilton said ASEAN has the collective power to withstand future global supply shocks, depending on how much it is

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