ICTSI borrows $1 billlion from BDO to fund global expansion plan

Philstar - Sep 23, 2026

The country’s largest listed firm, International Container Terminal Services Inc. (ICTSI), is set for further expansion after borrowing $1 billion from the biggest local bank.

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Pag-Ibig housing loans reach P111B in end-September

Oct 26, 2026

Pag-Ibig housing loans reach P111B in end-September

MANILA, Philippines — Pag-IBIG Fund’s housing loan releases climbed 20 percent in the first nine months of the year as financing for minimum wage and low-income members nearly tripled under the government’s socialized housing program. In a statement, Pag-Ibig said its housing loan releases increased 20 percent to P111.29 billion from January to September, from P93.03

Biz risks in PH ‘elevated’ amid economic, political woes

Oct 26, 2026

Biz risks in PH ‘elevated’ amid economic, political woes

MANILA, Philippines — Investors looking to expand in the Philippines face mounting economic and political uncertainties, as a new report flagged “elevated” risks in the country’s business environment and warned that conditions could deteriorate further. In its inaugural Philippine Political and Country Outlook Report, professional services firm WR Advisory Group gave the country an overall risk

Grand Wine Experience 2026 raises a toast to good health and a new generation

Oct 26, 2026

Grand Wine Experience 2026 raises a toast to good health and a new generation

There is something about gathering around a table, sharing good food, discovering a remarkable bottle, and raising a glass with friends that never goes out of style. For Philippine Wine Merchants (PWM), that spirit of togetherness is at the heart of the 23rd Grand Wine Experience, returning on November 20, 2026, to the Marriott Grand

China’s tax offices issue disclosure orders as offshore asset grace period ends

Oct 26, 2026

China’s tax offices issue disclosure orders as offshore asset grace period ends

Local tax bureaus across China are continuing to step up oversight following the expiration of the country’s grace period for the reporting of offshore trusts last Thursday, part of an ongoing push to spur voluntary tax disclosures. Municipal tax authorities in Beijing published notices for 21 individuals on the official website last Thursday – the expiry date of the 90-day grace period – ordering them to submit tax documentation linked to offshore trusts. The notices, issued to “tighten tax...

Anthropic opens books on AI's explosive growth and staggering costs

Oct 26, 2026

Anthropic opens books on AI's explosive growth and staggering costs

Anthropic unveiled its US IPO filing on Monday, laying out its ambitions to build AI systems capable of transforming the global economy, and the costs and challenges of developing the tech.

BIR moves VAT, percentage tax filing deadline to Oct. 29, 2026

Oct 26, 2026

BIR moves VAT, percentage tax filing deadline to Oct. 29, 2026

The Bureau of Internal Revenue (BIR) has extended to October 29, 2026 the deadline for filing quarterly value-added tax (VAT) and percentage tax returns and paying the corresponding taxes due to the unavailability of its electronic filing and payment system (eFPS).

Chinese biotech giant WuXi AppTec raises 2026 outlook after profit surge

Oct 26, 2026

Chinese biotech giant WuXi AppTec raises 2026 outlook after profit surge

WuXi AppTec raised its full-year revenue guidance after its net profit surged 62.4 per cent in the first nine months of 2026, while revenue rose 38.6 per cent on strong demand for its drug development and manufacturing services. The Chinese pharmaceutical research services provider’s net profit reached 19.16 billion yuan (US$2.87 billion) for the nine months ended September 30, compared with 11.80 billion yuan a year earlier, a filing to the Hong Kong stock exchange showed. Its revenue rose to...

SSS members earning below P10k to get UPLIFT aid starting October 30 -- DSWD

Oct 26, 2026

SSS members earning below P10k to get UPLIFT aid starting October 30 -- DSWD

Social Security System (SSS) members whose monthly salary credit falls below P10,000 will now be included as beneficiaries of the United Package for Livelihoods, Industry, Food, and Transport (UPLIFT) program, the Department of Social Welfare and Development (DSWD) said Monday.

Peso continues record slide, hits 63.8:$1

Oct 26, 2026

Peso continues record slide, hits 63.8:$1

MANILA, Philippines — The Philippine peso continued its record slide on Monday as markets focused on the upcoming US Federal Reserve meeting. The local currency opened the new trading week at 63.535 before falling to an intraday low of 63.8 as of 9:33 a.m., data from the Bankers Association of the Philippines showed. READ: Peso logs

Cirtek to sell electronics unit to Indian firm for $20.2M

Oct 26, 2026

Cirtek to sell electronics unit to Indian firm for $20.2M

MANILA, Philippines — Cirtek Holdings Philippines Corp. plans to sell its wholly owned electronics subsidiary to an Indian company for $20.2 million, freeing up funds to reduce debt and support its remaining core business. In a disclosure on Monday, the listed company said its board approved the sale of Cirtek Electronics Corp. (CEC) to Sancode Semi

In a global first, Hong Kong opens secondary trading for tokenised public funds

Oct 26, 2026

In a global first, Hong Kong opens secondary trading for tokenised public funds

The Hong Kong Securities and Futures Commission (SFC) on Monday approved the world’s first-ever secondary trading of tokenised public funds, reinforcing the city’s push to build the region’s leading ecosystem for tokenised finance. Investors can now trade two tokenised money market funds – the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund – on an SFC-licensed virtual asset trading platform (VATP). “For retail investors, this marks a vital upgrade in time...

From bright ideas to real businesses: women entrepreneurs make their mark in Shenzhen

Oct 26, 2026

From bright ideas to real businesses: women entrepreneurs make their mark in Shenzhen

[The content of this article has been produced by our advertising partner.] From AI-powered mental health screening to beer brewed from surplus bread, women entrepreneurs at the Standard Chartered Women’s International Network (SC WIN) Now & Next Challenge in Shenzhen demonstrated how innovation can drive commercial opportunities. With customers and partnerships already established, many are now seeking sustainable growth across markets. At the Pitch Finale at the Mandarin Oriental Shenzhen on...

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