GCash parent debuts at PSE, opens with P441.5B market capitalization

GMA Network - Oct 20, 2026

Shares of Mynt Inc., the parent company of mobile wallet GCash, began trading on the Philippine Stock Exchange on Tuesday, following its initial public offering (IPO) --the largest in the local bourse"s history.

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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

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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...

Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US

Oct 19, 2026

Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US

US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region’s office property segment. Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to...

AboitizPower lauded for contribution to Asean energy sector

Oct 19, 2026

AboitizPower lauded for contribution to Asean energy sector

MANILA, Philippines — Aboitiz Power Corporation (AboitizPower) was among the organizations commended by the Association of Southeast Asian Nations (Asean) for its exemplary contribution to the region’s energy sector, particularly in its cooperation on nuclear energy technologies, information sharing, and capacity building. Last July, AboitizPower signed a memorandum of understanding with Korea Hydro & Nuclear

GoTyme raises 2026 customer target to 12.5M

Oct 19, 2026

GoTyme raises 2026 customer target to 12.5M

MANILA, Philippines — Gokongwei-backed GoTyme Bank has raised its year-end customer target to 12.5 million from 12 million, as monthly customer additions surged to 450,000-500,000, nearly doubling from its previous pace. Speaking at the Economic Journalists Association of the Philippines infrastructure forum, GoTyme CEO Nate Clarke said the digital bank currently has about 11.5 million

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