No sign of reenacted budget yet, says DBM

Inquirer.net - Oct 9, 2026

MANILA, Philippines — The Department of Budget and Management (DBM) has yet to see any sign of a reenacted budget for 2027, amid concerns that the ongoing impeachment trial of Vice President Sara Duterte could delay legislative deliberations. “We’re working closely with Congress to ensure that the process keeps moving forward. We haven’t seen any signs

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Mixed fuel price adjustments expected next week

Oct 9, 2026

Mixed fuel price adjustments expected next week

MANILA, Philippines — Motorists will continue to enjoy diesel savings for a third consecutive week, while gasoline prices will likely rise again next week. In a Friday advisory, Jetti Petroleum president Leo Bellas said diesel prices may decrease by P1.80 to P2 per liter. READ: Tehran’s wartime billboards mock Trump, boast of victory Gasoline, meanwhile, may

DBM vows tighter rules vs. parties disguised as planning sessions

Oct 9, 2026

DBM vows tighter rules vs. parties disguised as planning sessions

The government is preparing policy revisions to tighten rules on the use of public funds, particularly to curb spending on activities billed as planning sessions but are essentially parties, the Department of Budget and Management (DBM) said Friday.

Hong Kong outlines new liquidity reforms as US market rally pulls funds away

Oct 9, 2026

Hong Kong outlines new liquidity reforms as US market rally pulls funds away

Hong Kong’s securities watchdog is renewing its push to boost market liquidity, setting out further reforms as emerging markets grapple with capital outflow pressure amid a rally in US equities and a strengthening dollar. Speaking at a conference organised by the Asian Securities & Financial Markets Association (Asifma) on Friday, Julia Leung, CEO of the Securities and Futures Commission (SFC), outlined measures ranging from extended trading hours and shorter settlement cycles to cross-market...

China’s hotel room rates disappoint during ‘golden week’ despite tourism boom

Oct 9, 2026

China’s hotel room rates disappoint during ‘golden week’ despite tourism boom

Hotel room rates across mainland China fell short of expectations during the National Day “golden week” holiday despite a tourism boom, as company officials and analysts called for stronger asset and revenue management to ease pricing pressure. Hotel tariffs remained largely unchanged from the previous month between October 1 and 7, even as bookings jumped, according to executives at hotel operators and travel agencies. “The days when hotels and resorts could expect a windfall during the...

PH secures 212.7-M euro loan from World Bank for water, sanitation

Oct 9, 2026

PH secures 212.7-M euro loan from World Bank for water, sanitation

The Philippine government, through the Department of Finance (DOF), has secured loan financing worth 212.7-million euro or about P14.98 billion from the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to improve water security, supply, and sanitation in underserved areas in the Philippines.

DFI Retail Group says it will continue to invest in Hong Kong supermarkets

Oct 9, 2026

DFI Retail Group says it will continue to invest in Hong Kong supermarkets

Hong Kong-headquartered DFI Retail Group, which owns and operates the city’s largest supermarket network, says it will continue to invest in new stores even though consumers remain cautious. Darren Chan, the group’s managing director for food in Hong Kong and Macau, said DFI – whose supermarket chains include Wellcome and Market Place in Hong Kong – was also “looking for opportunities to strengthen” its network where there was “clear customer demand and attractive long-term returns”. “We invest...

China state funds double down on Hua Hong in legacy chip push

Oct 9, 2026

China state funds double down on Hua Hong in legacy chip push

Chinese state funds are ramping up support for the country’s second-largest contract chipmaker, pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new manufacturing facility to fuel Beijing’s drive for self-reliance in mature-node chips. The capital blitz, spanning Hua Hong’s Shanghai-based parent company and a fabrication plant in Wuxi, highlights how government-coordinated financing is doubling down on domestic foundries, as Washington tightens technology...

Cebu Pacific cancels flights to Riyadh over Middle East tensions

Oct 9, 2026

Cebu Pacific cancels flights to Riyadh over Middle East tensions

Cebu Pacific on Friday announced the cancellation of several flights between Manila and Riyadh amid escalating tensions in the Middle East.

SEC eyes P120M minimum paid-up capital for broker-dealers

Oct 9, 2026

SEC eyes P120M minimum paid-up capital for broker-dealers

The Securities and Exchange Commission (SEC) on Friday said it is proposing to raise the minimum capital floor for broker-dealers to update its capitalization rules, making it in line with international market standards.

China holiday travel spikes, global funds shift: 5 figures investors are watching in China

Oct 9, 2026

China holiday travel spikes, global funds shift: 5 figures investors are watching in China

Hong Kong’s property market showed renewed strength as a Kowloon residential site fetched its highest price in nearly five years, while the city’s pension funds posted solid gains despite a September setback. Meanwhile, global investors returned to Chinese equities after years of caution, as US Treasury yields surged to multi-decade highs. Here are some of the figures that have drawn the most market attention this week. China records 2.14 billion passenger trips over National Day holiday China...

The Wrong Pill

Oct 9, 2026

The Wrong Pill

MANILA, Philippines — We have all joked about the handwriting of doctors. Most of us hand our prescription over to the drugstore counter, pay for whatever is handed back to us, and not bother to take a second look at the box as we trust the person behind the counter to read the prescription correctly and

LRMC: Strategies being rolled out to address congestion at LRT-1 PITX Station

Oct 9, 2026

LRMC: Strategies being rolled out to address congestion at LRT-1 PITX Station

Light Rail Manila Corporation (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), on Friday said it is addressing crowd flow and passenger congestion at the PITX Station of LRT-1.

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