Nvidia CEO Jensen Huang steps down in big blow to AI boom

GMA Network - Nov 12, 2026

Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.

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ASEAN hosting will show PH worth investing in, says business council

Nov 12, 2026

ASEAN hosting will show PH worth investing in, says business council

The country's hosting of the 49th ASEAN Summit is an opportunity to show other countries that the Philippines is "worth investing" in, ASEAN-BAC Philippines said on Thursday.

PH, Vietnam, Indonesia team up on island solar program

Nov 12, 2026

PH, Vietnam, Indonesia team up on island solar program

MANILA, Philippines — Industry leaders in the Philippines, Indonesia, and Vietnam have launched a regional partnership to speed up the shift from diesel to small solar-plus-storage systems in remote areas. The member organizations of the Asian Photovoltaic Industry Association (APVIA) in the three countries formalized their team-up during the Powering the Islands and Remote Communities through

Grab gets new Philippines chief

Nov 12, 2026

Grab gets new Philippines chief

MANILA, Philippines — Ride-hailing giant Grab is getting a new boss for its Philippine operations as its managing director exits after more than eight years. Grab Philippines on Thursday named CJ Lacsican as its new country managing director, effective Dec. 1. She replaces Ronald Roda, who is stepping down to pursue entrepreneurial opportunities. READ: Delivery app

BIR sees sharp rise in beneficiaries of micro taxpayer abatement

Nov 12, 2026

BIR sees sharp rise in beneficiaries of micro taxpayer abatement

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has recorded a sharp increase in micro taxpayers benefiting from its One-Time Abatement Program, reaching 5,210 beneficiaries and P353.75 million in taxes and penalties abated as of Nov. 7. Commissioner Charlito Martin R. Mendoza said the recent increase is encouraging as the Dec. 31 deadline approaches. “We

If Jensen Huang exits Nvidia, who could take the US$4 trillion chipmaker’s reins?

Nov 12, 2026

If Jensen Huang exits Nvidia, who could take the US$4 trillion chipmaker’s reins?

Few tech leaders are as synonymous with their companies as Jensen Huang. The Nvidia co-founder has been credited with transforming the firm over three decades from a niche graphics-chip designer into a US$4 trillion powerhouse through a series of high-stakes bets. Now, allegations of extramarital affairs with two women – alongside an internal review and a potential congressional probe – have forced Nvidia’s board to confront a once-unimaginable question: who can replace Huang when there is no...

Customs chief heads to BCDA

Nov 12, 2026

Customs chief heads to BCDA

MANILA, Philippines — Bureau of Customs (BOC) Commissioner Ariel Nepomuceno will leave his post to lead the Bases Conversion and Development Authority (BCDA), in another shake-up of key government agencies under the Marcos administration. Nepomuceno confirmed that he would succeed Joshua Bingcang as BCDA president and CEO. The state-owned corporation is tasked with converting former military

Li Ka-shing’s CK Hutchison denies suspending AS Watson listing plan

Nov 12, 2026

Li Ka-shing’s CK Hutchison denies suspending AS Watson listing plan

CK Hutchison Holdings, the major business vehicle of the family of billionaire Li Ka-shing, denied the reported suspension of a listing plan for its retail business amid cooling enthusiasm for initial public offerings (IPOs) in Hong Kong. “Strategic explorations and evaluations and related preparations are continuing,” the conglomerate, valued at HK$266 billion (US$34 billion), said in an exchange filing on Thursday. “However, as at the date of this announcement, no decision has been made by the...

BSP keeps 3% cap on credit card finance charges

Nov 12, 2026

BSP keeps 3% cap on credit card finance charges

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has maintained the 3-percent monthly cap on credit card finance charges while allowing banks to impose higher fees on installment loans and cash advances. Under BSP Circular No. 1242, issued on November 10, the Bangko Sentral ng Pilipinas raised the monthly add-on rate ceiling for credit card

BCDA president Joshua Bingcang to lead PEZA, says DOF chief

Nov 12, 2026

BCDA president Joshua Bingcang to lead PEZA, says DOF chief

Bases Conversion and Development Authority president and CEO Joshua "Jake" will be transferred to head the Philippine Economic Zone Authority, Finance Secretary Frederick Go said on Thursday.

Philippines, Chile to seal free trade pact next week

Nov 12, 2026

Philippines, Chile to seal free trade pact next week

The Philippines and Chile are set to formally sign a free trade agreement next week, a move seen to give Filipino exporters direct access in South America and diversify the country's global trade footprint.

ASEAN Prepares Collective Oil Reserves Framework to Counter Regional Supply Shocks

Nov 12, 2026

ASEAN Prepares Collective Oil Reserves Framework to Counter Regional Supply Shocks

Member states of the Association of Southeast Asian Nations (ASEAN) are advancing toward the implementation of a collaborative petroleum product stockpiling framework targeted for 2027.

BCDA turns over P8.42 billion to Treasury

Nov 12, 2026

BCDA turns over P8.42 billion to Treasury

The Bases Conversion and Development Authority (BCDA) has remitted P8.42 billion in asset disposition proceeds to the Bureau of the Treasury (BTr).

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