Heavy rains, high inflation pull down Wilcon profit

Inquirer.net - Nov 10, 2026

MANILA, Philippines — Wilcon Depot Inc., a listed home improvement retailer, saw a weaker bottom line in the first nine months, as heavy rains and high inflation dampened its operations last quarter. The company said its net income as of September had declined by 6 percent year-on-year to P1.752 billion from P1.866 billion. READ: Stronger

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Building world-class software from Asia: Omnichat’s CEO on his US$10M raise and global ambitions

Nov 9, 2026

Building world-class software from Asia: Omnichat’s CEO on his US$10M raise and global ambitions

[The content of this article has been produced by our advertising partner.] Hong Kong AI customer-experience platform Omnichat has raised US$10 million in Series A funding led by Openspace Capital, with participation from Darwin Ventures and Acorn Pacific Ventures. Founder and CEO Alan Chan plans to use the capital to scale the company's Omni AI Agents platform and accelerate its expansion beyond Asia-Pacific. The journey to this milestone, however, began long before boardroom pitches and global...

Nearly P17/liter gasoline price cut set this week

Nov 9, 2026

Nearly P17/liter gasoline price cut set this week

MANILA, Philippines — Motorists will see a significant drop in fuel pump prices, particularly gasoline, reaching up to nearly P17 per liter this week. In a media briefing, Department of Energy (DOE) Secretary Sharon Garin said gasoline prices would decline by at least P16.80 per liter starting Nov. 10. READ: US midterm results may cut

Nvidia fallout: chipmaker faces extensive risks after CEO affair, analysts and lawyers say

Nov 9, 2026

Nvidia fallout: chipmaker faces extensive risks after CEO affair, analysts and lawyers say

As Nvidia launched an investigation into CEO Jensen Huang after he admitted to an extramarital affair, the repercussions threaten not only his three-decade tenure but also the future of the chip giant’s delicate semiconductor trade with China, according to lawyers and analysts. The world’s leading maker of chips for artificial intelligence systems faces an unprecedented corporate and geopolitical storm after its 63-year-old leader told employees that he was unfaithful to his wife and pledged to...

Philippine economic growth slips to 2.1% in Q3

Nov 9, 2026

Philippine economic growth slips to 2.1% in Q3

MANILA, Philippines — The country’s economy slumped deeper to 2.1 percent in the third quarter of 2026 from 2.4 percent in the previous quarter, the Philippine Statistics Authority (PSA) reported on Monday. This marked the fifth consecutive quarter of economic slowdown, as government spending and domestic demand remained weak amid pressures from the corruption scandal and

DA eyes approval of Korean, US ASF vaccines by 2027

Nov 9, 2026

DA eyes approval of Korean, US ASF vaccines by 2027

The Department of Agriculture (DA) is hopeful that two more vaccines against African swine fever (ASF), developed by South Korea and the United States, will secure approval in the first half of 2027.

Why is organic food pricey? DA explains

Nov 9, 2026

Why is organic food pricey? DA explains

While there"s a reason why organic food items are pricier, the Department of Agriculture (DA) said they are looking into ways to make them affordable.

SEC confirms data security incident, says database intact

Nov 9, 2026

SEC confirms data security incident, says database intact

The Securities and Exchange Commission (SEC) on Monday said it was investigating a data security incident detected on Friday, November 6, which may have exposed individual profile information, but maintained that its database and systems remain intact.

Peso, PSEi sink on weak GDP growth

Nov 9, 2026

Peso, PSEi sink on weak GDP growth

Philippine financial markets ended Monday lower, with the benchmark stock index declining and the peso weakening as investors digested slower-than-expected economic growth data.

Factory owner proposes 928 flats at Sha Tin site as industrial demand drops

Nov 9, 2026

Factory owner proposes 928 flats at Sha Tin site as industrial demand drops

After 17 years of intermittent government-led initiatives to turn the Siu Lek Yuen industrial area into residential housing, a company recently applied to convert two industrial buildings on the site into 928 residential flats. The move would offer a more viable and profitable path forward for developers because even though Hong Kong’s residential property market was cooling, industrial properties faced a sharp decline in demand, according to analysts. The industrial manufacturer Chiaphua Group...

BPI, Globe partner to offer data-free access to banking app

Nov 9, 2026

BPI, Globe partner to offer data-free access to banking app

The Bank of the Philippine Islands (BPI) on Monday announced a partnership with Globe Telecom Inc. and Touch Mobile (TM), both part of the Ayala Group, to allow subscribers to open the BPI app without data charges.

Cebu Pacific, PAL launch seat sales for holiday, 2027 travel

Nov 9, 2026

Cebu Pacific, PAL launch seat sales for holiday, 2027 travel

Local carriers Cebu Pacific and Philippine Airlines (PAL) have launched promotional seat sales offering discounted domestic and international fares for travelers planning holiday trips and vacations in 2027.

SM Prime 9M net income down 5%

Nov 9, 2026

SM Prime 9M net income down 5%

Sy-led property developer and mall operator SM Prime Holdings Inc. saw a 5% drop in its net income for the first nine months of the year, dragged by weaker real estate gains during the period.

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