Life after Labubu? Pop Mart struggles for relevance as its toy sales plummet

South China Morning Post - Nov 14, 2026

Pop Mart International will once again send a giant float down Sixth Avenue later this month for the Macy’s Thanksgiving Day Parade in New York City, but the company feels rather less buoyant than it did when it debuted at the event last year. The Chinese toymaker’s global ascent has stalled badly as the hype surrounding its Labubu dolls fades. Sales have plunged in recent months, dragging down the firm’s stock price and the net worth of its founder and CEO, Wang Ning. Wang now faces a giant...

Read full article

More News

Airline losses drag JG Summit’s 9-month profit down 33%

Nov 13, 2026

Airline losses drag JG Summit’s 9-month profit down 33%

MANILA, Philippines — JG Summit Holdings Inc.’s net income attributable to equity holders of the parent fell 33 percent to P12.5 billion in the first nine months of 2026, as higher jet fuel costs and a weaker peso weighed on its airline business. On Friday, the Gokongwei-led conglomerate pointed said the peso’s depreciation increased foreign exchange

ABS-CBN 9-mo losses widened to P2.95B

Nov 13, 2026

ABS-CBN 9-mo losses widened to P2.95B

MANILA, Philippines — ABS-CBN Corp. saw its losses widen by nearly a third in the first nine months of 2026, as weaker advertising demand and a shrinking cable subscriber base were further aggravated by “challenging market conditions” In a disclosure on Friday, the media company reported a consolidated net loss of P2.95 billion from January to

PSEi drops to 2026 low as peso weakens

Nov 13, 2026

PSEi drops to 2026 low as peso weakens

MANILA, Philippines — Local stocks fell for a third straight session on Friday, closing at their lowest level this year as a weaker peso and a downgrade to the country’s growth outlook weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 67.06 points, or 1.18 percent, to close at 5,593.49, slipping below 5,600. READ:

Shopee launches ShopeeFood in the Philippines, expanding its ecosystem of everyday services 

Nov 13, 2026

Shopee launches ShopeeFood in the Philippines, expanding its ecosystem of everyday services 

Shopee, the largest e-commerce platform in Southeast Asia and Taiwan and a leading e-commerce platform in Brazil, has launched  ShopeeFood, its food delivery service, in the Philippines. The service is now available in Metro Manila, making the Philippines the fifth Southeast Asian market where Shopee offers food delivery as part of its broader marketplace offering.

Weaker peso widens DITO’s 9-month net loss

Nov 13, 2026

Weaker peso widens DITO’s 9-month net loss

MANILA, Philippines — Mounting foreign exchange losses and higher interest expenses hit DITO CME Holdings Corp. in the first nine months of 2026, during which its net loss attributable to shareholders ballooned to P17.1 billion. That marked a 77-percent jump from the attributable net loss of P9.65 billion in the same period last year. READ: DITO

PNB Holdings 9-month profit rises 16% to P317M

Nov 13, 2026

PNB Holdings 9-month profit rises 16% to P317M

MANILA, Philipppines — PNB Holdings Corp. grew net income 16 percent to P317.02 million in the first nine months of 2026 as the company broadened its commercial offerings to attract more customers to its buildings. On Friday, the real estate company said in a disclosure that consolidated revenues rose 5 percent to P940.35 million. READ: PNB

PhilWeb Q3 profit climbs 36% to P64.2M

Nov 13, 2026

PhilWeb Q3 profit climbs 36% to P64.2M

MANILA, Philippines — PhilWeb Corp.’s net income rose 36 percent to P64.2 million in the third quarter of 2026 from P47 million in the previous quarter, as its digital platform business for licensed gaming operators brought in nearly two-thirds of group revenue. On Friday, the company, backed by Lance Gokongwei, said it was its third straight

Cosco Jan-Sept profit climbs 11.8% to P11.96B

Nov 13, 2026

Cosco Jan-Sept profit climbs 11.8% to P11.96B

MANILA, Philippines — Lucio Co-led Cosco Capital Inc. grew its consolidated net income by 11.8 percent to P11.96 billion in the first nine months of 2026, as stronger grocery earnings offset a decline in profit at liquor distributor The Keepers Holdings Inc. On Friday, the company said in a disclosure that consolidated revenues rose 10.2 percent

Nickel Asia’s 9-month income jumps 19%

Nov 13, 2026

Nickel Asia’s 9-month income jumps 19%

MANILA, Philippines — Nickel Asia Corp. (NAC) reported a 19-percent jump in its nine-month income, lifted by higher metal prices and sales as well as a booming renewable energy business.  The listed miner’s attributable net income rose to ₱6.16 billion from ₱5.19 billion a year earlier. READ: Nickel Asia books 93% higher H1 profit “Our strong

Security Bank’s 9-month profit inches up to P9.2B

Nov 13, 2026

Security Bank’s 9-month profit inches up to P9.2B

MANILA, Philippines — Security Bank Corp. grew its net income 1 percent to P9.2 billion in the first nine months of 2026, as revenue growth outpaced operating expenses. On Friday, the bank said in a disclosure that total revenues rose 8 percent to P52.5 billion.  READ: Security Bank maps out 3-year growth push “Our nine-month

Andok’s taps Rockport Power for retail electricity supply

Nov 13, 2026

Andok’s taps Rockport Power for retail electricity supply

MANILA, Philippines — Rockport Power Inc., a licensed retail electricity supplier, has secured a power supply deal to energize an initial 16 branches of Andok’s Litson Corp., a Filipino food chain known for its signature roasted chicken. The government’s retail aggregation program (RAP) made the deal possible by allowing households and smaller consumers in a shared

Meralco power rates rise this month

Nov 13, 2026

Meralco power rates rise this month

MANILA, Philippines — Over eight million Manila Electric Co. (Meralco) customers will face higher electricity bills this month, as the company raised rates by P0.4895 per kilowatt-hour (kWh) due to higher generation charges. The power utility giant said the overall rate for a typical household would climb to P15.5510 from P15.0615 per kWh in October.

Recommended