ECB's Lagarde steps down, saying she can't remain neutral on world events

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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ERC weighs relief measures to temper power rate hikes

Oct 29, 2026

ERC weighs relief measures to temper power rate hikes

MARINA BAY, Singapore — The Energy Regulatory Commission (ERC) said it is still exploring additional measures to cushion the impact of the weakening peso on power rates, as industry players are already feeling the toll of current initiatives meant to relieve consumers. Speaking to reporters on Wednesday, ERC chair and CEO Francis Saturnino Juan said

Nickel production likely to stay flat this year

Oct 29, 2026

Nickel production likely to stay flat this year

MANILA, Philippines — Philippine nickel producers expect production to remain relatively unchanged this year, as erratic weather conditions and subdued global prices continue to impact the country’s mining industry. Philippine Nickel Industry Association (PNIA) president Dante Bravo said the sector is unlikely to see a significant increase in output in 2026, partly because unpredictable rainfall is

China’s BYD, Geely report profit jump as sales abroad surge, though local market stalls

Oct 29, 2026

China’s BYD, Geely report profit jump as sales abroad surge, though local market stalls

China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia. BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the same period a year earlier. Revenue grew 13.6 per cent to 211.5 billion yuan. Geely said on Thursday...

Xi-Trump summits must leave businesses with greater clarity, not less

Oct 29, 2026

Xi-Trump summits must leave businesses with greater clarity, not less

An aircraft supplier can have parts ready and a customer waiting yet be unable to ship while Washington holds up its licence. In Shanghai, Citi has approval to establish a securities business after years of waiting. Companies must invest, sign contracts and move production while the two governments negotiate. A board needs to know what can proceed now, what remains conditional and what could stop the business after the money has been spent. Chinese President Xi Jinping and US President Donald...

Marcos to Filipinos: Help keep eye on proposed P7.2T national budget for 2027

Oct 29, 2026

Marcos to Filipinos: Help keep eye on proposed P7.2T national budget for 2027

President Ferdinand “Bongbong” Marcos Jr. is asking all Filipinos to help monitor the proposed P7.2 trillion national budget for 2027 to ensure funds don't end up in the pockets of corrupt politicians, Palace Press Officer Usec. Claire Castro said on Thursday.

World’s first intergovernmental mediation organisation to ramp up outreach

Oct 29, 2026

World’s first intergovernmental mediation organisation to ramp up outreach

Business disputes are expected to make up the bulk of cases at Hong Kong’s new International Organisation for Mediation (IOMed), which plans to accelerate its outreach efforts entering its second year of operation, secretary general Teresa Cheng Yeuk-wah said in an interview. Commercial cases account for up to 95 per cent of all disputes worldwide, while no more than 5 per cent involve states, and IOMed “naturally” expected a similar spread for its own caseload, Cheng said on the sidelines of...

Red alert up anew over Visayas grid

Oct 29, 2026

Red alert up anew over Visayas grid

MANILA, Philippines — Visayan consumers may face brownouts on Thursday as the grid operator has again issued a red alert for the Visayas grid due to persistently tight energy supply from outages at some coal plants and limited imports from Mindanao. In an advisory, the National Grid Corp. of the Philippines said the red alert would

PH shares rally on peso rebound

Oct 29, 2026

PH shares rally on peso rebound

Share prices on the Philippine Stock Exchange closed in the green on Thursday as the peso rebound to the P63:$1 level after hovering at P64-to-one dollar was cheered by the market.

Peso rebounds to P63.85:$1 after two days above 64 level

Oct 29, 2026

Peso rebounds to P63.85:$1 after two days above 64 level

The Philippine peso strengthened against the US dollar on Thursday, returning to the P63-per-dollar level after President Ferdinand “Bongbong” Marcos Jr. said the government was working to prevent the local currency from weakening further.

CK Asset pauses Hong Kong sales launch at Yuen Long’s Montage development

Oct 29, 2026

CK Asset pauses Hong Kong sales launch at Yuen Long’s Montage development

CK Asset Holdings has suspended sales at its Yuen Long residential project Montage, days before it planned to begin marketing the development’s first homes. The developer confirmed the suspension to the South China Morning Post but declined to explain the abrupt decision, saying only that it reserved the right to pause or commence sales at any time. It dismissed market speculation that the government had revoked the project’s presale consent as baseless. The move followed Moni Yeung, deputy...

Philippine delegation secures $17.5 million in export sales at Hong Kong trade show

Oct 29, 2026

Philippine delegation secures $17.5 million in export sales at Hong Kong trade show

The Philippine delegation secured $17.5 million in total export sales at Asia Fruit Logistica (AFL) 2026 in Hong Kong in September, the Department of Agriculture (DA) said.

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