Moody's acquires minority stake in PhilRatings

GMA Network - Oct 7, 2026

Moody"s is acquiring a minority stake in Philippine Rating Services Corporation (PhilRatings), making it the first global credit rating agency to invest in a Philippine credit rating agency, according to the US Embassy in the Philippines.

Read full article

More News

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

Oct 7, 2026

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

Recent Middle East conflict and oil price volatility have highlighted Thailand’s dependence on imported fossil fuels, prompting calls to accelerate its clean energy transition. A seminar involving energy experts, policymakers, and industry representatives concluded that reducing fossil fuel dependence is now an economic and security necessity, not just an environmental goal, with ASEAN neighbors facing […]

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

Oct 7, 2026

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

The number of jobless Filipinos decreased by over 375,000 in August 2026, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.

Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report

Oct 7, 2026

Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report

Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September, the consultancy found. In monetary terms, they earned HK$96.9 billion over the first three quarters...

Phuket named top wellness destination by Canadian travellers

Oct 7, 2026

Phuket named top wellness destination by Canadian travellers

Phuket has won Air Canada Vacations’ 2026 Travellers’ Top Picks Award for Wellness, voted for by Canadian travellers.

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

Oct 6, 2026

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

Oct 6, 2026

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.

Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high

Oct 6, 2026

Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high

Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, the highest land premium for a residential site in recent years, according to Vincent Cheung, managing director of valuation firm Vincorn Consulting and Appraisal. The last time a Kowloon...

AMLC exec: Firm linked to VP Sara's husband had P1.2 billion in covered, suspicious transactions

Oct 6, 2026

AMLC exec: Firm linked to VP Sara's husband had P1.2 billion in covered, suspicious transactions

Anti-Money Laundering Council (AMLC) Executive Director Ronel Buenaventura on Tuesday said that Cale88 Foods Corporation, a company linked to Mans Carpio, husband of Vice President Sara Duterte, had aggregate transactions amounting to P1.25 billion from 2022 to 2025.

As China’s AI race accelerates, ‘model fatigue’ becomes the next challenge

Oct 6, 2026

As China’s AI race accelerates, ‘model fatigue’ becomes the next challenge

On September 22, the global artificial intelligence landscape spun on its axis within a matter of hours. In Beijing, Xiaomi engineers went live with an unusual broadcast, streaming the training run of their new MiMo-V2.6 model. In San Francisco, Anthropic unveiled its frontier Opus 5.5 model. About an hour later, OpenAI crashed the party with the surprise release of its GPT-6 Sol and Luna models. For tech executives and developers trying to keep pace, it was just another overwhelming day in the...

Mynt clarifies P10 per share was never the planned IPO price

Oct 6, 2026

Mynt clarifies P10 per share was never the planned IPO price

GCash parent Mynt Inc. on Tuesday clarified that the earlier reported P10 per share price for its initial public offering (IPO) was just for regulatory purposes only.

Very strong El Niño not enough reason to hike commodity prices -- DA

Oct 6, 2026

Very strong El Niño not enough reason to hike commodity prices -- DA

The Department of Agriculture (DA) said Tuesday that the threat of a very strong El Niño, which may persist until the first half of 2027, is not enough reason to raise commodity prices as the country supposedly has sufficient food supplies.

PH financial markets weaken as September inflation hits 7.2%

Oct 6, 2026

PH financial markets weaken as September inflation hits 7.2%

Philippine financial markets closed weaker on Tuesday as market players digested government data showing inflation accelerating to 7.2% in September, matching the fastest pace in more than three years and above market expectations.

Recommended