DOLE: Heat index of 40C may be used as reason not to go to work

GMA Network - Oct 20, 2026

Employees may use high heat index levels as a reason to not go to work amid the potentially record-breaking El Niño, the Department of Labor and Employment (DOLE) said on Tuesday.

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KKR targets LEC priority projects for financing

Oct 20, 2026

KKR targets LEC priority projects for financing

MANILA, Philippines — US-based global investment firm KKR & Co. Inc. has expressed interest in financing priority projects under the Luzon Economic Corridor (LEC), spanning digital finance, manufacturing, energy and other key industries. In a statement, the Department of Finance (DOF) said it was exploring investment opportunities with KKR, although it did not specify a potential

Salmon Group bags $140M to expand lending business

Oct 20, 2026

Salmon Group bags $140M to expand lending business

MANILA, Philippines — Fintech Salmon Group has secured $140 million in additional financing to fund the rollout of new lending products nationwide and expand its existing lending business in the Philippines. In a statement on Monday, Salmon said the financing, equivalent to approximately P8.8 billion, would be used to expand its Salmon Credit Line and

ComClark taps UK partner for P33-B air navigation bid

Oct 20, 2026

ComClark taps UK partner for P33-B air navigation bid

MANILA, Philippines — ComClark Network and Technology Corp. of tech tycoon Dennis Anthony Uy is bringing in British air traffic management company NATS to strengthen its P33-billion bid to modernize the Philippines’ air navigation services. Uy said ComClark had signed an agreement with NATS, the United Kingdom’s leading air traffic control services provider, as it works

Relocation of settlers at US-backed Pax Silica site to begin in 2027

Oct 20, 2026

Relocation of settlers at US-backed Pax Silica site to begin in 2027

MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) is targeting to begin the relocation of residents and farmers within the 1,619-hectare (ha) site earmarked for the US-backed Pax Silica hub by 2027, as preparations for the advanced manufacturing project gather pace. This means the relocation will follow the planned signing of a “master

Taiwanese firm setting up solar float manufacturing facilities in Pampanga, Batangas

Oct 20, 2026

Taiwanese firm setting up solar float manufacturing facilities in Pampanga, Batangas

MANILA, Philippines — Taiwanese solar float manufacturer Suntoward Tech Philippine Inc. will begin production in Pampanga in the first quarter of 2027, establishing its Philippine manufacturing presence through facilities leased from AyalaLand Logistics Holdings Corp. (ALLHC). On Monday, the Zobel-led property giant said Suntoward had secured more than 3,800 square meters (sq m) of gross

Gov’t opens application for 2027 import quotas

Oct 20, 2026

Gov’t opens application for 2027 import quotas

MANILA, Philippines — The Department of Agriculture (DA) has opened the application for the 2027 import quotas for five commodities, including pork and chicken. According to the notice posted on its website, the agency said interested parties may submit their applications under the minimum access volume (MAV) for calendar year 2027. READ: PH meat imports top

Semirara bidding rules to ‘kill golden goose’–SMPC

Oct 20, 2026

Semirara bidding rules to ‘kill golden goose’–SMPC

MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) said Monday that it has paid P70.5 billion in government share over nearly three decades, warning that the country could lose a major source of revenue if it pursues the auction under current rules. “Why kill the golden goose for zero gain?” the company said in a

GCash IPO seen to reenergize local stock market

Oct 20, 2026

GCash IPO seen to reenergize local stock market

MANILA, Philippines — The initial public offering (IPO) of GCash parent Mynt Inc. could renew interest in Philippine stocks and bring more retail investors into the market, according to Unicapital Securities Inc. The brokerage said Mynt’s scale and access to GCash’s digital ecosystem could encourage wider participation in equities. READ: GCash IPO attracts over 20

DA to bid out P1.9-B Clark National Food Hub construction

Oct 20, 2026

DA to bid out P1.9-B Clark National Food Hub construction

The Department of Agriculture (DA) is soliciting proposals for the construction of phase one of the Clark National Food Hub, valued at P1.9 billion, to streamline the distribution of agricultural products. The 40-hectare project, which will rise within the Clark Civil Aviation Complex in Pampanga, is designed to centralize the distribution, storage and processing of

Succession? Survey finds 66% of ultra-rich’s young heirs not ready to take over

Oct 20, 2026

Succession? Survey finds 66% of ultra-rich’s young heirs not ready to take over

Global ultra-rich families worry more about wealth succession than political uncertainty, as most of their next generation are not yet well prepared for the trillions of dollars’ worth of transfer, a survey by Julius Baer showed. The findings came after the Swiss private bank and its partner EY analysed responses from more than 700 financial professionals worldwide who advise ultra-high-net-worth (UHNW) families with wealth of 50 million Swiss francs (US$60.7 million) or more in the latest...

IMF Sees Asia’s Growth Slowing in 2027 as Energy Shock and Rising Bond Yields Raise Risks

Oct 20, 2026

IMF Sees Asia’s Growth Slowing in 2027 as Energy Shock and Rising Bond Yields Raise Risks

The IMF forecasts Asia-Pacific economic growth will slow to 4.4% in 2027, down from 4.8% in 2026 and 5% in 2025, citing risks from an energy shock, rising global bond yields, and uncertainty over AI demand

Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowers

Oct 20, 2026

Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowers

Hong Kong is opening its arms to more sovereign debt issuers, as this week’s Apec Finance Ministerial Meeting (FMM) provides a good opportunity to demonstrate the depth and advantages of the city’s financial markets. Its signature dim sum bond market could leverage low fundraising costs relative to that of developed markets and risk diversification considerations to make the city a magnet for sovereign borrowers, including many members of the Asia-Pacific organisation, according to...

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