Meralco assures readiness for ASEAN Summit, El Niño

GMA Network - Nov 11, 2026

Pangilinan-led Manila Electric Co. (Meralco) on Wednesday assured customers of sufficient power supply to meet the anticipated demand during the 49th ASEAN Summit in Manila, as it braces for a potentially stronger El Niño that could drive up electricity consumption and rates.

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DOF eyes $250-M World Bank loan to boost employability of skilled workers

Nov 11, 2026

DOF eyes $250-M World Bank loan to boost employability of skilled workers

The Department of Finance (DOF)is eyeing to secure a $250-million (about P14.3 billion) loan financing from the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to bankroll a project aimed at boosting the employability of skilled Filipino workers.

BSP seen extending rate hikes to curb inflation

Nov 11, 2026

BSP seen extending rate hikes to curb inflation

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to raise interest rates further to tame stubbornly high inflation despite the weak economic growth seen in the third quarter, analysts said, as policymakers prioritize their mandate of keeping price stability. In a note, Bank of America (BofA) said economic growth may have bottomed out

Uniform Asean e-commerce rules vs illicit trade pushed

Nov 11, 2026

Uniform Asean e-commerce rules vs illicit trade pushed

MANILA, Philippines — A US-based anti-illicit trade group is urging the Association of Southeast Asian Nations (Asean) to step up its crackdown on illegal trade by adopting uniform rules that would hold e-commerce platforms accountable for counterfeit and other illicit products sold online. In a report released on Tuesday, the Transnational Alliance to Combat Illicit Trade

7-month PH external debt payments up 5% to $8.2B

Nov 11, 2026

7-month PH external debt payments up 5% to $8.2B

MANILA, Philippines — The Philippines’ foreign debt servicing bill grew in the January to July period as more obligations fell due, even as the country’s capacity to meet those payments remained relatively strong. The government and private sector paid a combined $8.2 billion to foreign creditors in the first seven months, 5 percent more than

Gov’t to create National AI Council this month

Nov 11, 2026

Gov’t to create National AI Council this month

MANILA, Philippines — The national government is set to establish the National Artificial Intelligence (AI) Council this November following the approval of the AI governance framework, according to the Department of Economy, Planning and Development (DepDev). Speaking to reporters, DepDev Undersecretary Rosemarie Edillon confirmed that the National Innovation Council has already approved the long-awaited AI governance

Jollibee booked lower 9-mo income at P8.14B

Nov 11, 2026

Jollibee booked lower 9-mo income at P8.14B

MANILA, Philippines — Jollibee Foods Corp.’s (JFC) robust sales during the first nine months failed to translate into stronger profitability as higher costs and interest expenses took a bite out of the group’s earnings. The company’s profit in the January-to-September period declined by 9.7 percent to P8.14 billion from P9 billion. JFC’s net income attributable to

GCash parent delivers 17% profit growth

Nov 11, 2026

GCash parent delivers 17% profit growth

MANILA, Philippines — Mynt Inc., the parent company of e-wallet giant GCash, saw its net income surge by 17.4 percent to P16.5 billion in the first nine months of 2026, in what was a robust start to its life as a publicly listed company. In its first earnings report since going public, the fintech giant said

Why keeping your money safe can make you poorer

Nov 11, 2026

Why keeping your money safe can make you poorer

MANILA, Philippines — Keeping money in the bank is usually associated with financial security. We know exactly how much we have; the money is readily available when we need it; and unlike stocks or property, we do not see its value rising and falling every day. But there is another kind of risk that is

OceanaGold deploys first wireless blasting in PH

Nov 11, 2026

OceanaGold deploys first wireless blasting in PH

KASIBU, NUEVA VIZCAYA — OceanaGold Philippines Inc. (OGP) has rolled out the country’s first wireless blasting system at its Didipio mine in this province as it moves to unlock additional mineral resources while ensuring worker safety. The local subsidiary of Australian-Canadian mining company OceanaGold Corp. announced the successful trial of the advanced technology in its

SEC stops operations of Peso Flow

Nov 11, 2026

SEC stops operations of Peso Flow

MANILA, Philippines — The Securities and Exchange Commission (SEC) has shut down an online lending platform for posing as Sofi Financing Inc., a registered financing firm. On Tuesday, the corporate watchdog said in a statement that it issued a cease-and-desist order against Peso Flow’s website and digital platform. READ: Solon wants more powers for SEC

BIZ BUZZ: Pre-Asean rush grips PH

Nov 11, 2026

BIZ BUZZ: Pre-Asean rush grips PH

MANILA, Philippines — The rush is already palpable, with less than a week to go before Southeast Asia’s leaders descend on Manila for the much-anticipated summit capping the Philippines’ Association of Southeast Asian Nations (Asean) chairship this year. On the ground, getting around areas where the high-level engagements are set to take place is already proving

‘Confidence problem’: why Hongkongers feel less investment knowledgeable than Singaporeans

Nov 11, 2026

‘Confidence problem’: why Hongkongers feel less investment knowledgeable than Singaporeans

Despite showing the highest rates of investment participation, Hongkongers feel less knowledgeable about their investment decisions than international peers, with the younger generation in particular facing a “confidence problem”, a recent study finds. Some 88 per cent of Hong Kong respondents said they invested in some form, and yet 41 per cent felt they were held back by a lack of knowledge, according to the “Lifetime of Investing” study commissioned by Syfe, a digital investment platform, and...

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