Gov’t debt service falls to P76B in August on lower amortization

Inquirer.net - Oct 12, 2026

MANILA, Philippines — The national government’s debt service bill dropped in August as the absence of a massive bond maturity settlement made in the same month last year sharply reduced principal repayments. Latest data from the Bureau of the Treasury (BTr) showed that debt payments fell nearly 89 percent to P76.12 billion in August from

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Gasoline hikes, diesel rollback ahead

Oct 12, 2026

Gasoline hikes, diesel rollback ahead

MANILA, Philippines — Motorists will see mixed oil price movements this week, with gasoline posting another hike and diesel dropping by about P3 per liter. In a media briefing, Department of Energy (DOE) Secretary Sharon Garin said gasoline prices will increase anew by P1.56 per liter beginning Tuesday. READ: Mixed fuel price adjustments expected next week

Hong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEO

Oct 12, 2026

Hong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEO

Hong Kong Exchanges and Clearing (HKEX) is planning further measures to boost market liquidity, attract more international investors and expand the use of China’s currency, including through yuan-denominated gold futures and stock trading, according to a blog post by its CEO on Monday. The plans come as the city steps up efforts to reinforce its position as a leading international financial centre, following priorities outlined in the government’s policy address and the city’s five-year...

Pag-IBIG, BCDA team up for worker housing in New Clark City

Oct 12, 2026

Pag-IBIG, BCDA team up for worker housing in New Clark City

Pag-IBIG has partnered with the BCDA to develop affordable housing for Filipino workers close to their workplaces, initially focusing on some 14 hectares of land in Tarlac.

Google funds $5-million ASEAN campaign to boost scam awareness

Oct 12, 2026

Google funds $5-million ASEAN campaign to boost scam awareness

Google has announced a $5-million funding program to equip Southeast Asian communities with the skills to identify, prevent, and respond to online scams, including AI-driven threats.

LTFRB rejects GrabBike, Dingdong RiderKo accreditation bids

Oct 12, 2026

LTFRB rejects GrabBike, Dingdong RiderKo accreditation bids

The Land Transportation Franchising and Regulatory Board (LTFRB) has denied the accreditation applications of GrabBike and Dingdong RiderKo, a motorcycle taxi service associated with actor Dingdong Dantes, for failing to meet the agency's requirements.

Few Hong Kong investors take interest in listing by Africa’s top phone maker Transsion

Oct 12, 2026

Few Hong Kong investors take interest in listing by Africa’s top phone maker Transsion

Shenzhen Transsion Holdings drew a lukewarm response for its HK$3.36 billion (US$428 million) Hong Kong share offering, heightening worries over market sentiment for new listings in the fourth quarter. The maker of Africa’s bestselling phones closed its bookbuilding on Monday, with preliminary figures showing the offering attracted about 14,000 applications and was oversubscribed roughly 3.5 times, according to people familiar with the matter. Retail participation in Hong Kong initial public...

USDA lowers forecast on PH 2026-27 sugar production

Oct 12, 2026

USDA lowers forecast on PH 2026-27 sugar production

The United States Department of Agriculture (USDA) has lowered its forecast on the Philippines' raw sugar production for marketing year (MY) 2026 to 2027, citing several factors including the threat of El Niño.

Marcos back in Manila after Singapore visit

Oct 12, 2026

Marcos back in Manila after Singapore visit

MANILA, Philippines — President Ferdinand Marcos Jr. returned to Manila early Monday after a five-day working visit to Singapore, citing investment plans and expanded trade opportunities as key gains from his trip. The aircraft carrying the Philippine delegation landed at Villamor Air Base in Pasay City at 1:54 a.m. READ: Marcos renews pitch for nuclear energy

Former HSBC executive launches wealth platform powered by team of AI agents

Oct 12, 2026

Former HSBC executive launches wealth platform powered by team of AI agents

A former top executive at HSBC has launched an artificial intelligence-driven wealth management start-up, setting her sights on a billion-dollar valuation and betting that AI can transform how individuals manage their investments and finances. Trista Sun, formerly a managing director in the international wealth and premier banking division at HSBC, said in an interview last week that her venture Equora aimed to help investors manage their finances “proactively” with AI agents, addressing...

China bets on molten salt and CO2 to help meet its power needs

Oct 12, 2026

China bets on molten salt and CO2 to help meet its power needs

China has begun building the world’s first utility-scale power plant combining two emerging technologies: supercritical carbon dioxide (CO2) generation and large-scale molten salt energy storage. The Ruitan project, under construction at a coal-fired power station in Yantai in eastern China’s Shandong province, is intended to demonstrate how combining these technologies can reduce energy wastage and improve the stability of the electrical grid. Electricity produced when demand is low is stored...

Brake-pedal failures in luxury EV put Chinese cars’ quality in regulatory spotlight

Oct 12, 2026

Brake-pedal failures in luxury EV put Chinese cars’ quality in regulatory spotlight

A safety failure spotted in tests of a Chinese electric vehicle (EV) made by a Huawei Technologies-backed luxury brand has raised doubts about the cars many consumers view as a source of national pride, and prompted regulators to step up policing of quality and reliability. The Ministry of Industry and Information Technology, along with three other ministry-level departments, published draft rules on Saturday that would govern testing of new car models. The move came after a video released on...

Beijing police detain Yiren Digital chairman after massive product defaults

Oct 12, 2026

Beijing police detain Yiren Digital chairman after massive product defaults

Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female...

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