El Niño prompts DA to seek P3B for irrigation

Inquirer.net - Nov 6, 2026

MANILA, Philippines — The Department of Agriculture (DA) is requesting more than P3 billion to roll out irrigation facilities nationwide to ease the impact of El Niño on farm production. Agriculture Assistant Secretary Arnel de Mesa said the DA is seeking additional funding to deploy regular and mobile irrigation systems nationwide to help address water shortages

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DA eyes P1-B to vaccinate small hog farms vs ASF

Nov 6, 2026

DA eyes P1-B to vaccinate small hog farms vs ASF

MANILA, Philippines — The Department of Agriculture (DA) is seeking approximately P1 billion in funding next year to procure African swine fever (ASF) vaccines for smaller local hog producers. “One of our requests for 2027 is to secure a budget allocation for ASF vaccines for smallholder farmers,” Agriculture Assistant Secretary Arnel de Mesa said. “The initial

Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Nov 6, 2026

Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Stocks in Hong Kong and mainland China dropped on Friday, tracking a meltdown in US technology companies that erased more than US$2 trillion in market value on concerns that a Democrat-controlled Congress could upend AI infrastructure buildouts. The Hang Seng Index fell 1.5 per cent to 24,458.68 by 9.32am, while the Hang Seng Tech Index slumped 2.1 per cent. The mainland’s CSI 300 Index sank 1.8 per cent and the Star 50 gauge, which has a big exposure to AI chipmakers, tumbled 3.5 per...

Pump price rollbacks of up to P14 per liter seen next week

Nov 6, 2026

Pump price rollbacks of up to P14 per liter seen next week

Motorists may expect significant rollbacks in fuel prices next week, with gasoline prices projected to drop by as much as P14 per liter, the Department of Energy (DOE) said Friday.

‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Nov 6, 2026

‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Executives at a private wealth conference in Hong Kong have highlighted AI infrastructure as a booming “defence plus growth” investment opportunity, while cautioning investors against portfolios that are overreliant on artificial intelligence. “Infrastructure opportunities now really lie at the bottleneck of solving [AI’s] demands within structural growth,” the head of Hong Kong managed investments and wealth solutions at Standard Chartered Bank, Sabina Chiang, said during a panel discussion at...

PH unemployment climbs to 5.4% in September 2026, jobless Filipinos at 2.86M

Nov 6, 2026

PH unemployment climbs to 5.4% in September 2026, jobless Filipinos at 2.86M

The number of jobless Filipinos rose to 2.86 million in September 2026, bringing the country"s unemployment rate to 5.4%, data released by the Philippine Statistics Authority (PSA) on Friday showed.

Ayala Land builds resilience as recurring income gains ground

Nov 6, 2026

Ayala Land builds resilience as recurring income gains ground

Ayala Land Inc. is strengthening its recurring-income businesses as a growing source of stability amid economic headwinds and challenges in the property sector, with leasing and hospitality revenues rising 8% to P37.8 billion in the first nine months of 2026.

‘Bullish on China’: US brand Levi’s bucks retail headwinds with localisation strategies

Nov 6, 2026

‘Bullish on China’: US brand Levi’s bucks retail headwinds with localisation strategies

US apparel retailer Levi Strauss & Co says it is bullish on China and plans further investment and new store openings in the market, riding robust growth driven by young shoppers. While the consumer market in China remains challenging for many multinationals, with a host of foreign brands shuttering stores amid rapid market shifts and broader consumption headwinds, Levi’s sees itself as an exception. “We are going to be able to see China become a much bigger portion of our business globally,”...

Hong Kong developer Hysan’s Lee Garden Eight draws law firm out of Central: sources

Nov 5, 2026

Hong Kong developer Hysan’s Lee Garden Eight draws law firm out of Central: sources

Hong Kong law firm Woo Kwan Lee & Lo is reportedly relocating to Causeway Bay after more than five decades in Central’s Jardine House, reserving about 39,000 square feet in Hysan Development’s Lee Garden Eight in a major lease for the new commercial complex. Market sources identified the firm as the incoming tenant at Lee Garden Eight, which is scheduled for completion this quarter. The firm will occupy an entire low to middle floor, according to local media reports. The firm declined to...

PAL firms up Airbus deal for long-haul growth

Nov 5, 2026

PAL firms up Airbus deal for long-haul growth

MANILA, Philippines — Despite the turbulent skies facing it and other airlines, Philippine Airlines (PAL) is staying the course with its long-haul expansion, as it finalized on Thursday a deal for up to 14 additional Airbus A350-1000 aircraft. The Lucio Tan-led flag carrier signed definitive agreements with European aircraft manufacturer Airbus and engine maker Rolls-Royce

The AI sell-off is a taste of things to come

Nov 5, 2026

The AI sell-off is a taste of things to come

There are good reasons for investors to be bullish about artificial intelligence (AI). The earnings of technology firms in the S&P 500 are expected to increase 54 per cent this year. For the index as a whole, profits will rise 33 per cent, turbocharged by the tech and energy sectors, data from FactSet shows. In Asia, the impact of the AI boom is even more profound. Corporate earnings in South Korea and Taiwan, the two leading semiconductor hubs, are expected to grow a staggering 283 per cent and...

Thailand’s Tourism Sector Faces Prolonged Recovery Horizon

Nov 5, 2026

Thailand’s Tourism Sector Faces Prolonged Recovery Horizon

Thailand’s vital tourism sector faces an extended recovery timeline, with industry consensus suggesting the nation may not reclaim its pre-pandemic benchmark of 40 million annual foreign arrivals until 2031 or beyond.

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