ECB President Lagarde resigns after months of speculation

GMA Network - Oct 29, 2026

European Central Bank President Christine Lagarde announced her resignation on Thursday, ending months of speculation about her future at a complex juncture for Europe and the ECB.

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MVP sees MPTC-SMC tollway merger deal sealed by end of 2026

Oct 29, 2026

MVP sees MPTC-SMC tollway merger deal sealed by end of 2026

The deal for the planned merger of tollways giants led by tycoons Manuel V. Pangilinan and Ramons S. Ang is expected to be signed by the end of the year.

Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

Oct 29, 2026

Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

The tightening of Hong Kong’s securities regulations – in the wake of property developer Evergrande’s liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a report by accountants Grant Thornton. Hong Kong saw 35 delistings in the 12 months to August this year but only 21 resumptions, the report said. “Regulators have comprehensively tightened resumption requirements,” said Barry Tong, national leader of forensic...

PSE nears full PDS Group takeover

Oct 29, 2026

PSE nears full PDS Group takeover

MANILA, Philippines — The Philippine Stock Exchange, Inc. (PSE) is nearing full ownership of Philippine Dealing System Holdings Corp. (PDS Group) after signing a deal to acquire another block that would raise its holdings to about 97.63 percent. In a disclosure on Wednesday, PSE said it had signed a share purchase agreement for 192,776 common shares

Mandaluyong court junks Piki contempt case vs Lopez majority

Oct 29, 2026

Mandaluyong court junks Piki contempt case vs Lopez majority

MANILA, Philippines — The Mandaluyong Regional Trial Court dismissed a petition to hold in indirect contempt several members of the Lopez majority bloc over alleged violations of a temporary restraining order in relation to the controversial family feud. In a regulatory filing on Wednesday, Lopez Holdings Corp. said a copy of the court ruling dated Oct.

Ayala sets P19.5-billion share repurchase

Oct 29, 2026

Ayala sets P19.5-billion share repurchase

MANILA, Philippines — Ayala Corp. is ready to cough up about P19.5 billion to buy back shares from public investors, as it moves closer to an expanded tie-up with Japan’s Mitsubishi Corp. The homegrown conglomerate on Wednesday said it plans to launch a voluntary tender offer to purchase 30.06 million common shares from all holders. READ:

Meralco core profit jumped 12% to P45B

Oct 29, 2026

Meralco core profit jumped 12% to P45B

MANILA, Philippines — Manila Electric Co. (Meralco), led by tycoon Manuel V. Pangilinan, saw a 12-percent growth in its bottom line in the first three quarters of 2026, thanks largely to greater contribution from its power generation and retail electricity business. At a briefing on Wednesday, Meralco chief financial officer Betty Siy-Yap said the company’s core

Peso opens strong, claws back to P63:$1

Oct 29, 2026

Peso opens strong, claws back to P63:$1

The Philippine peso gained its ground against the US dollar, clawing its way back to P63-to-one dollar level during the opening of trading on Thursday.

Philippines to remain Mitsubishi Motors ‘priority’

Oct 29, 2026

Philippines to remain Mitsubishi Motors ‘priority’

MANILA, Philippines — Mitsubishi Motors Philippines Corp. (MMPC) is keeping its faith in the Philippines as one of its “priority markets,” even as its Japanese parent reassesses its focus on Southeast Asia amid intensifying competition from Chinese automakers. In a statement sent to the Inquirer, MMPC reaffirmed its commitment to the automotive industry in the Philippines,

Nio is growing its Firefly business in Thailand with a new standalone store and an upgraded electric vehicle

Oct 29, 2026

Nio is growing its Firefly business in Thailand with a new standalone store and an upgraded electric vehicle

Firefly has opened its first global standalone store in Bangkok, showcasing an upgraded right-hand-drive EV model and expanding its presence in Thailand's automotive market.

MGEN Renewables pursuing P4.98-B share swap

Oct 29, 2026

MGEN Renewables pursuing P4.98-B share swap

MANILA, Philippines — MGEN Renewables Inc. (MGENR), formerly SP New Energy Corp. or SPNEC, is pushing for its planned secondary public offering after securing board approval for a P4.98-billion asset deal, a step closer to expanding its grip beyond the world’s largest solar farm. The company said on Wednesday that its board of directors had

PH financial resources reach all-time high

Oct 29, 2026

PH financial resources reach all-time high

MANILA, Philippines — The total funds and assets held by Philippine financial institutions climbed to a fresh record high in August, climbing back to the P38-trillion level as lenders continued to expand credit and attract deposits despite challenges confronting the economy. Excluding the funds and assets of the central bank, the total resources of the financial

Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks

Oct 29, 2026

Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks

Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels. Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners. Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong’s...

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