MacroAsia profit drops on restructuring costs

Inquirer.net - Nov 12, 2026

MANILA, Philippines — MacroAsia Corp. of Taipan Lucio Tan saw its bottom line shrink in the first nine months of 2026, weighed down by restructuring expenses at its associate, Lufthansa Technik Philippines Inc. (LTP), higher lease charges, and inflation-driven operating costs. On Wednesday, the company said in a disclosure that its net income attributable to equity

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Weak growth momentum to spill into 2027–BMI

Nov 12, 2026

Weak growth momentum to spill into 2027–BMI

MANILA, Philippines — The Philippine economy may have to wait until 2027 for a meaningful growth recovery, but weak momentum from this year is expected to spill into next year and limit the pace of the rebound, according to BMI. In a commentary, the Fitch Solutions unit said it cut its 2026 growth forecast to 2.6

$250-M World Bank funding for Tesda seen by year-end

Nov 12, 2026

$250-M World Bank funding for Tesda seen by year-end

MANILA, Philippines — The Department of Finance (DOF) is targeting the approval before year-end of $250 million in financing from the World Bank’s International Bank for Reconstruction and Development (IBRD) to fund the government’s technical and vocational education programs. The financing, equivalent to around P14.3 billion, will be allocated to the Boosting Employability in Strategic Technical

DBM to government agencies: Tone down holiday-making

Nov 12, 2026

DBM to government agencies: Tone down holiday-making

MANILA, Philippines — The Department of Budget and Management (DBM) has reminded government agencies to exercise “judicious and prudent” use of public funds in conducting year-end celebrations and other events, citing the pressures being felt by Filipino households from the energy crisis and mounting El Niño. Under Circular Letter No. 2026-15, the DBM said upcoming events,

Brazil traders oppose PH suspension of pork imports

Nov 12, 2026

Brazil traders oppose PH suspension of pork imports

MANILA, Philippines — Industry groups in Brazil and the Philippines are urging the Philippine government to reconsider the two-month suspension of pork imports, warning that the measure could affect not only retail prices but also local enterprises. The Brazilian Animal Protein Association (Abpa) said the temporary import ban imposed by the Department of Agriculture (DA)

Why Philippine agriculture matters, even when budgets are tight

Nov 12, 2026

Why Philippine agriculture matters, even when budgets are tight

MANILA, Philippines — Philippine agriculture has suffered another significant setback, with El Niño-related damage and losses reaching nearly P10 billion and affecting more than 324,000 farmers nationwide. The losses come at a difficult time for Filipino households, as overall inflation reached 7.8 percent in October 2026, with food inflation at 6.4 percent, adding pressure on

Shell shocked: Fuel costs leave firm bleeding

Nov 12, 2026

Shell shocked: Fuel costs leave firm bleeding

MANILA, Philippines — Shell Pilipinas Corp. posted a net loss from January to September amid a sharp rise in expenses driven by higher fuel prices. In a regulatory filing, the oil giant said it had recorded net losses reaching P929.2 million, a reversal from P1.3 billion in the same period last year. READ: Shell Pilipinas bludgeoned

New Aklan greenhouse to boost high-value crops

Nov 12, 2026

New Aklan greenhouse to boost high-value crops

MANILA, Philippines — The Department of Agriculture (DA) recently unveiled a greenhouse facility in Aklan province to improve high-value crop production. The Value Chain Enhancement of High-Value Crops through Smart Agriculture (VEHCSA) facility, situated at the Aklan Agri-Aqua Demonstration Farm and Training Center in Nalook, Kalibo, will use smart farming technology to enhance productivity. READ: DA

Vietjet starts Ho Chi Minh flights from Cebu, Clark

Nov 12, 2026

Vietjet starts Ho Chi Minh flights from Cebu, Clark

MANILA, Philippines — Vietnamese budget carrier Vietjet has launched three new routes from regional gateways in Clark and Cebu as it seeks to capture a larger share of the surging travel demand among Filipinos visiting Vietnam. On Tuesday, the airline launched its direct services connecting Cebu to Hanoi and Ho Chi Minh City, as well

ABI Pascual backs school milk program until 2027

Nov 12, 2026

ABI Pascual backs school milk program until 2027

MANILA, Philippines — ABI Pascual Foods Inc. is extending its support for the Philippine government’s milk feeding program through 2027 to help sustain efforts to address malnutrition among schoolchildren nationwide. Tycoon Lucio Tan’s dairy business announced the expanded support for this initiative, which includes purchasing about P1.26 million worth of fresh milk during the program’s initial

Hong Kong business leaders examine investment opportunities under city’s first Five-Year plan

Nov 12, 2026

Hong Kong business leaders examine investment opportunities under city’s first Five-Year plan

Co-organised by the South China Morning Post and the Hong Kong Investment Corporation (HKIC), the closed-door SCMP C-Suite roundtable welcomed Financial Secretary Paul Chan Mo-po as guest of honour, alongside HKIC CEO Clara Chan as guest speaker. Held under the theme “From APEC Consensus to Action: Hong Kong’s Five-Year Plan and Strategic Role in China’s Next Phase of Growth”, the discussion explored how the city’s development strategy aligns with China’s 15th Five-Year Plan and its implications...

Nvidia board meets to decide CEO Huang's future, source says

Nov 12, 2026

Nvidia board meets to decide CEO Huang's future, source says

Nvidia's board is meeting on Wednesday to decide whether to oust CEO Jensen Huang, a source familiar with the matter told Reuters, as the world's dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader.

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