PAL cancels Manila-Riyadh flight amid Middle East tensions

GMA Network - Oct 8, 2026

Flag carrier Philippine Airlines on Thursday announced the cancellation of its flight from Manila to Riyadh and vice versa due to escalating tensions in the Middle East.

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VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify

Oct 7, 2026

VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify

Vice President Sara Duterte and her husband Manases Carpio, posted a P39-million total ending balance from several bank accounts under their names in 2025, bank officials said.

SSI Group to distribute Swiss sportswear brand On, operate its stores in PH

Oct 7, 2026

SSI Group to distribute Swiss sportswear brand On, operate its stores in PH

Listed specialty retailer SSI Group Inc. has partnered with Swiss sportswear brand On to be its official distributor in the Philippines and operate the brand"s first dedicated stores here.

PAL extends Great Mabuhay Miles Gateway travel period

Oct 7, 2026

PAL extends Great Mabuhay Miles Gateway travel period

Flag carrier Philippine Airlines (PAL) on Wednesday announced a six-month extension of the travel period covered by its Great Mabuhay Miles Gateway promotion, giving members more time to book flights using discounted mileage rates of up to 50%, subject to seat availability.

Asian stocks retreat as oil rises above $100 and investors reassess global rate risks

Oct 7, 2026

Asian stocks retreat as oil rises above $100 and investors reassess global rate risks

Asian equities weakened on Wednesday despite another record-setting session on Wall Street, as rising oil prices and renewed concerns over global bond yields offset optimism about corporate earnings and AI-related growth. The MSCI Asia-Pacific index excluding Japan fell about 0.5%, while Hong Kong and Singapore declined and technology shares in South Korea also came under […]

Hong Kong tech index to harness fast-growth companies in bid for better performance

Oct 7, 2026

Hong Kong tech index to harness fast-growth companies in bid for better performance

Hong Kong’s stock index compiler will add 10 fast-growing companies with at least HK$500 million (US$64 million) in annual sales into the city’s technology-focused benchmark in a bid to revitalise an index that has missed out on artificial intelligence-driven gains. The threshold is among a set of new measures Hang Seng Indexes Company will use to reform the Hang Seng Tech Index, which is referred to as Hong Kong’s answer to the Nasdaq but has lost its shine relative to global peers, falling 23...

EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?

Oct 7, 2026

EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?

The Senate impeachment court in its 35th day is still discussing the alleged unexplained wealth of Vice President Sara Duterte, with present discussions focusing on her and her husband"s bank accounts. The House prosecution panel presented representatives from various banks to testify on the matter. They were also asked to submit bank documents that confirm the bank accounts of the couple. Some terms mentioned may sound technical especially to those who are not familiar with the banking process.

Peso strengthens on lower unemployed data, closes at P62.75:$1

Oct 7, 2026

Peso strengthens on lower unemployed data, closes at P62.75:$1

The Philippine peso rallied against the US dollar on Wednesday amid positive sentiments arising from low unemployment figures.

Political noise, fake news hurting PH economy, says Palace exec

Oct 7, 2026

Political noise, fake news hurting PH economy, says Palace exec

Malacañang on Wednesday said that part of the reason for the Philippines" recent poor economic performance was because of the political noise caused by destabilizers, obstructionists, and fake news.

PSEi rebounds to 5,700 level on lower unemployment figures

Oct 7, 2026

PSEi rebounds to 5,700 level on lower unemployment figures

Share prices on the Philippine Stock Exchange (PSE) rebounded on Wednesday, with the main index rallying back to 5,700 level, as lower unemployment figures were cheered by the market.

Why Morgan Stanley sees more upside in Hong Kong offices than New York towers

Oct 7, 2026

Why Morgan Stanley sees more upside in Hong Kong offices than New York towers

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,...

Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025

Oct 7, 2026

Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025

Vice President Sara Duterte and her husband, Manases Carpio, have nine BPI bank accounts with a collective ending balance of P8 million as of 2025, a bank official said Wednesday.

Family offices branch out into private equity, infrastructure and alternative investments

Oct 7, 2026

Family offices branch out into private equity, infrastructure and alternative investments

Some financial analysts and wealth managers in recent years have suggested that the second- and third-generation leaders of family offices in Asia are moving away from the basic principles that helped to create and accumulate their existing assets, but that is not strictly accurate. Rather, just as the founding generation did, these investors look to assess available opportunities and adapt to circumstances as they build or adjust their portfolios to find the preferred balance between risk and...

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