Nasdaq 100 eyes $1.8-trillion loss as Democratic win sparks AI delay fears

GMA Network - Nov 5, 2026

The Nasdaq 100 index was set to lose a whopping $1.8 trillion in stock value Thursday as investors feared that the Democrats' sweeping midterm victory could stall AI infrastructure expansion.

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No Intel, no Qualcomm: Huawei unveils desktop built entirely with China-made components

Nov 5, 2026

No Intel, no Qualcomm: Huawei unveils desktop built entirely with China-made components

Huawei Technologies has launched its first desktop computer powered by its proprietary operating system, HarmonyOS, touting the device as “100 per cent domestically made” in its latest push for technological self-reliance. The Shenzhen-based company on Thursday unveiled its Qinyun HM650 series desktop computers for enterprise and government users, powered by the self-developed Kirin X90 processor, which debuted in Huawei’s consumer laptops and tablets last year. The tech giant said the new...

US borrowing outlook steadies after midterms, but Treasury yields face new tests: analysts

Nov 5, 2026

US borrowing outlook steadies after midterms, but Treasury yields face new tests: analysts

After the Democrats swept the US midterm elections, a divided government may help restrain future Treasury borrowing and prevent fresh deficit blowouts, though it will not necessarily bring down elevated bond yields, analysts say. The US Treasury Department unveiled its quarterly refunding statement on Wednesday, with market participants describing the overall borrowing outlook as largely neutral. Based on its projected financing needs, the Treasury said it expected to keep note and bond auction...

Rice inventory falls 8.3% in October as corn stocks rise -- PSA

Nov 5, 2026

Rice inventory falls 8.3% in October as corn stocks rise -- PSA

The country's rice inventory fell to 2.16 million metric tons (MT) in October, down 8.3% from the 2.35 million MT recorded in the same period last year, according to the latest data from the Philippine Statistics Authority (PSA).

Ayala Land nets P8.576 billion in Q3 2026

Nov 5, 2026

Ayala Land nets P8.576 billion in Q3 2026

Listed property developer and shopping center operator Ayala Land Inc. posted declines in its top and bottom line for the third quarter and year-to-date, as the company faced headwinds.

China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

Nov 5, 2026

China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion acquisition ‌of the robotics segment of engineering group ABB to go ahead, the Swiss firm said on Thursday. The case marks the second major deal blocked by China this year after Meta Platforms was ordered to unwind its US$2 billion-plus acquisition of artificial intelligence start-up Manus. The news comes as Beijing tightens scrutiny of foreign investment in domestic start-ups that are developing...

Water industry veteran Alikpala to lead Maynilad

Nov 5, 2026

Water industry veteran Alikpala to lead Maynilad

MANILA, Philippines — Maynilad Water Services, Inc. (Maynilad) has named Ramon Alikpala as its next president and chief executive officer effective Jan. 1, 2027, succeeding Ramoncito Fernandez, who will step down at the end of December. In a regulatory filing on Thursday, the water utility said Alikpala boasts a solid background in the water industry, having

Maharlika defers investment in Synergy Grid

Nov 5, 2026

Maharlika defers investment in Synergy Grid

Maharlika Investment Corporation confirmed that it has paused the proposed investment in Synergy Grid & Development Phils Inc. (SGP), amid the current conditions.

The Medical City marks 59 years with PH’s #1 rankings in cardiology, oncology, and global smart hospital recognition

Nov 5, 2026

The Medical City marks 59 years with PH’s #1 rankings in cardiology, oncology, and global smart hospital recognition

The Medical City (TMC) celebrates its 59th anniversary with three distinctions from Newsweek and Statista: No. 1 among Philippine hospitals in Cardiology in the Best Specialized Hospitals Asia Pacific 2026, No. 1 among Philippine hospitals in Oncology in the World’s Best Specialized Hospitals 2027, and recognition as the only Philippine hospital included in the World’s

The Medical City marks 59 years with PH’s #1 rankings in Cardiology, Oncology, and Global Smart Hospital

Nov 5, 2026

The Medical City marks 59 years with PH’s #1 rankings in Cardiology, Oncology, and Global Smart Hospital

The Medical City (TMC) celebrates its 59th anniversary with three distinctions from Newsweek and Statista: No. 1 among Philippine hospitals in Cardiology in the Best Specialized Hospitals Asia Pacific 2026, No. 1 among Philippine hospitals in Oncology in the World’s Best Specialized Hospitals 2027, and recognition as the only Philippine hospital included in the World’s

Peso climbs back to P62-to-$1 level on US Democratic sweep

Nov 5, 2026

Peso climbs back to P62-to-$1 level on US Democratic sweep

The Philippine peso rallied back to the P62-to-one dollar level on Thursday amid optimism that the US-Iran war would end soon following the United States midterm elections "Democratic sweep."

October inflation surges to 7.8%

Nov 5, 2026

October inflation surges to 7.8%

MANILA, Philippines — Consumer prices grew 7.8 percent from a year earlier in October, driven by faster increases in transport costs and pricier utilities. The latest inflation rate was higher than the 7.2 percent recorded in September, data from the Philippine Statistics Authority showed. READ: Poll: October inflation seen hitting over 3-yr high of 7.6% The

China’s Yutong Bus expands overseas as new-energy bus exports surge

Nov 5, 2026

China’s Yutong Bus expands overseas as new-energy bus exports surge

China’s Yutong Bus, the world’s largest electric bus manufacturer, is seeing its overseas shipments climb steadily, with demand growing rapidly in countries such as Australia, Malaysia, Saudi Arabia and Morocco. Based in Zhengzhou in central China’s Henan province, the company now generates more than half of its total revenue from overseas sales. New-energy models – comprising pure-electric and hybrid vehicles – have made up 25 per cent of its bus exports so far this year, a sharp increase from...

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