ERC tells Meralco to refund P2.64 billion to customers

GMA Network - Oct 12, 2026

The Energy Regulatory Commission has ordered the Manila Electric Company (Meralco) to refund around P2.64 billion to its customers.

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Turning AI Ambition into Real-World Advantage

Oct 11, 2026

Turning AI Ambition into Real-World Advantage

When executives talk about artificial intelligence today, they often talk in absolutes: an existential threat, a historic opportunity, the next great productivity leap. For Amitabh Sarkar, Tata Communications’ Vice-President, Asia Pacific and Japan, the more important story lies beneath the rhetoric and inside the data centres, networks and operating models trying to empower corporate ambition to meet their targets. “In the last 20 to 30 years, technology has moved from supporting the business,...

Bank of Thailand Warns Repeated Shocks Are Weakening Thailand’s Economic Resilience

Oct 11, 2026

Bank of Thailand Warns Repeated Shocks Are Weakening Thailand’s Economic Resilience

Thailand's central bank warns that recurring economic shocks have left households and small businesses financially fragile, raising fears that current flooding could cause lasting damage. With losses estimated up to 33.8 billion baht, disruption spans transport, manufacturing, and tourism, prompting the Bank of Thailand to urge lenders to offer payment relief and support vulnerable borrowers.

Chinese brokers work to crack the final code: win clients on global stage

Oct 11, 2026

Chinese brokers work to crack the final code: win clients on global stage

China’s investment banks spent decades trying to emulate Goldman Sachs, the Wall Street powerhouse that became a benchmark for the country’s financial ambitions and whose alumni included senior US policymakers like former Treasury secretary Henry Paulson. Today, Beijing’s goal has evolved beyond building a Chinese version of Goldman. At the Central Financial Work Conference in 2023, President Xi Jinping called for cultivating first-class investment institutions as part of China’s ambition to...

Apple’s Tim Cook kicks off China visit amid mixed signals on new iPhone demand

Oct 11, 2026

Apple’s Tim Cook kicks off China visit amid mixed signals on new iPhone demand

Apple executive chairman Tim Cook has begun his third visit to China this year, following the launch of the iPhone 18 Pro line-up and the iPhone Duo, the company’s first foldable device, in one of its biggest markets. Cook met Meng Fanli, governor of the southern province of Guangdong, on Sunday and said Apple was willing to expand its presence, including in smart manufacturing and sales channels. As an important manufacturing powerhouse, Guangdong had been essential to Apple’s growth in China,...

Singapore's Vena Energy plans P52-B investment for higher renewable capacity in PH

Oct 11, 2026

Singapore's Vena Energy plans P52-B investment for higher renewable capacity in PH

Singapore-based Vena Energy is planning to add 1.29 gigawatts (GW) of renewable energy capacity in the Philippines, backed by P52-billion equity investment, the Presidential Communications Office said on Sunday.

Marcos meets Mitsubishi, Ayala executives over $700-M investment

Oct 11, 2026

Marcos meets Mitsubishi, Ayala executives over $700-M investment

President Ferdinand Marcos Jr. has welcomed Mitsubishi Corporation's proposed US$700-million investment in Ayala Corporation, which could reportedly become one of the largest foreign equity investments in the Philippines.

PH rice industry group eyes 200,000 MT of US rice yearly by 2028

Oct 11, 2026

PH rice industry group eyes 200,000 MT of US rice yearly by 2028

The Philippines could import up to 200,000 metric tons (MT) of rice annually from the United States starting in 2028 under a recently signed memorandum of understanding (MOU) between rice industry groups from the two countries.

New vs old: why new-builds are far outselling used homes in Hong Kong

Oct 11, 2026

New vs old: why new-builds are far outselling used homes in Hong Kong

A clear divide has opened up in Hong Kong’s property market in recent months: sales of new-build homes have surged, but the recovery in the secondary market has remained far more modest. The contrast between the two segments is not a coincidence – and is likely to persist for some time, according to analysts. The trend is largely being driven by developers slashing prices on new-builds to clear their inventories ahead of expected interest rate rises in the coming months. This is making new homes...

NFA targets procurement of 500,000 MT of palay for ongoing harvest season

Oct 11, 2026

NFA targets procurement of 500,000 MT of palay for ongoing harvest season

The National Food Authority (NFA) said on Sunday that it is targeting to procure up to 500,000 metric tons (MT) of palay (unhusked rice) this ongoing harvest season.

ASEAN Can Weather a Typhoon, But a Taiwan Crisis Is a Different Story

Oct 11, 2026

ASEAN Can Weather a Typhoon, But a Taiwan Crisis Is a Different Story

ASEAN faces growing geopolitical risks requiring better crisis coordination for non-combatant evacuations, especially amid potential Taiwan Strait conflict. Existing mechanisms focus on disasters, not evacuations. Recommendations include moderating expectations, choosing centralized/decentralized approaches, leveraging limited resources, learning from past operations, and starting with small, incremental improvements to build momentum.

Japan’s Sumitomo Bakelite expands China chip packaging materials output amid AI boom

Oct 11, 2026

Japan’s Sumitomo Bakelite expands China chip packaging materials output amid AI boom

Japanese semiconductor materials giant Sumitomo Bakelite plans to expand production of advanced chip packaging materials in China and Singapore, marking the second such announcement for its Chinese operations in less than four months as artificial intelligence drives demand for more sophisticated semiconductors. The Tokyo-based company said on Friday that it would add production lines for mould underfill (MUF) materials and compression-moulding granules at its facilities in Suzhou, eastern...

Ayala wants the whole to be worth more than its parts

Oct 11, 2026

Ayala wants the whole to be worth more than its parts

MANILA, Philippines — Ayala Corp., the Philippines’ oldest conglomerate, has spent decades building businesses big enough to stand on their own. Now, it wants to give them a stronger reason to stand together. READ: The infrastructure that builds people A pioneering bank, an iconic property developer, a growing telecommunications company and a dominant fintech platform can

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