Ignite Power-Socoteco II deal gets plebiscite approval

Inquirer.net - Oct 19, 2026

MANILA, Philippines — Razon-led Primelectric Holdings Inc. is entering into a joint venture with South Cotabato II Electric Cooperative (Socoteco II) after a plebiscite approved the proposed deal. In a statement, Ignite Power and Energy Holdings Inc. said the cooperative’s overall plebiscite committee proclaimed the final results on Sunday, with 137,978 member-consumer-owners (MCOs) supporting the conditional

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Gasoline down P4.30/liter, diesel up P2.60

Oct 19, 2026

Gasoline down P4.30/liter, diesel up P2.60

MANILA, Philippines — Motorists will see a hefty drop in gasoline prices, while diesel prices will increase by about P2 per liter starting Tuesday. In an advisory, the Department of Energy (DOE) said fuel retailers can implement a rollback of at least P4.30 per liter for gasoline. READ: Trump says does not believe China, Russia helping

Peso dives to P63.09:$1, logs 28th record low for 2026

Oct 19, 2026

Peso dives to P63.09:$1, logs 28th record low for 2026

The Philippine peso plunged further past the P63:$1 level on Monday, marking its 28th record low so far this year.

From English courses to furniture, actor Daniel Wu expands his business interests in China

Oct 19, 2026

From English courses to furniture, actor Daniel Wu expands his business interests in China

US-born Hong Kong actor and filmmaker Daniel Wu Yin-cho has launched a furniture brand as the latest endeavour to cash in on his long-built fame in the Chinese market. Wu, 52, has stepped back from acting in recent years and Arox, the name of his furniture brand, marks his latest business foray. The actor’s previous ventures include an English course launched last year to teach fans spoken English, a coffee brand named Whatever, and a cycling helmet design project. Raised in California, Wu...

Asian foreign exchange markets remain under pressure as rising US yields weigh on regional currencies

Oct 19, 2026

Asian foreign exchange markets remain under pressure as rising US yields weigh on regional currencies

Strong US dollar, elevated Treasury yields, and high oil prices pressure Asian currencies. Indian Rupee, Indonesian Rupiah, and Thai Baht are most vulnerable. RBI measures may help INR; MUFG maintains 2026 forecasts for USD/IDR and USD/THB.

Why mainland Chinese still drive Hong Kong’s housing market despite Beijing’s 20% tax

Oct 19, 2026

Why mainland Chinese still drive Hong Kong’s housing market despite Beijing’s 20% tax

Although the Chinese government imposed a 20 per cent tax on rental income and capital gains derived from overseas properties transferred into offshore trusts by mainland residents, agents said these investors remained a key driver of the Hong Kong property market. China’s Ministry of Finance and the State Taxation Administration said in July that rental earnings – profits from the sale of properties and investment gains derived from assets including real estate, stocks or equity interests held...

Wrap up VP trial by year-end, biz leader urges Senate

Oct 19, 2026

Wrap up VP trial by year-end, biz leader urges Senate

The chair of a leading business group hopes the Senate would be able to conclude Vice President Sara Duterte’s impeachment trial before year-end, warning that prolonging the proceedings into 2027 could distract lawmakers from their legislative duties and scrutiny of the national budget. Makati Business Club (MBC) chair Edgar Chua welcomed the prosecution’s decision to

Lack of inspection facilities blamed for smuggling of agri goods -- farmers' group

Oct 19, 2026

Lack of inspection facilities blamed for smuggling of agri goods -- farmers' group

The lack of inspection facilities for imported agricultural products is contributing to the rampant entry of smuggled goods into the country, a farmers group lamented on Monday.

Globe AI initiatives yield P1.2B in revenues, savings, gains

Oct 19, 2026

Globe AI initiatives yield P1.2B in revenues, savings, gains

Telecommunications firm Globe has generated P1.2 billion in measurable business benefits from its artificial intelligence (AI) initiatives, including additional revenue, cost savings, and productivity gains.

Gasoline, kerosene pump prices down, diesel up on Tuesday, Oct. 20, 2026

Oct 19, 2026

Gasoline, kerosene pump prices down, diesel up on Tuesday, Oct. 20, 2026

Motorists will see mixed movements in pump prices this week, as fuel retailers announced rollbacks for gasoline and kerosene and a hike for diesel on Monday.

Waste recovery, recycling should come with ‘redesign’

Oct 19, 2026

Waste recovery, recycling should come with ‘redesign’

MANILA, Philippines — The Philippines’ environmental problems, particularly waste management, need a whole-of-society effort to resolve. That’s the main point stressed in a recent edition of the Inquirer ESG Edge Connect Network, where representatives of government, private companies, and nongovernmental groups agreed on the importance of every Filipino working with each other to ease environmental

Oil giant faces lawsuits over climate disasters in PH, Brazil

Oct 19, 2026

Oil giant faces lawsuits over climate disasters in PH, Brazil

MANILA, Philippines — A typhoon in the Philippines and flooding in Brazil. Twice in less than a year, British energy giant Shell has been the target of a new type of lawsuit seeking to make polluters pay part of the cost of specific extreme weather events. “We chose Shell because it’s an emblematic company. It meets

Poll: BSP seen raising rates again

Oct 19, 2026

Poll: BSP seen raising rates again

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to raise interest rates again later this week as inflation remains stubbornly high, forcing policymakers to weigh the need to curb price pressures against signs of weakening economic growth. All 20 economists polled by the Inquirer expect the BSP to tighten monetary policy at

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