Palace admits AI may displace workers, but highlights new opportunities

GMA Network - Nov 6, 2026

While job loss is possible due to artificial intelligence (AI), the technology could also bring new opportunities for Filipinos, according to Malacañang on Friday.

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Groups dispute warnings of PH economy at risk if China ties sour

Nov 6, 2026

Groups dispute warnings of PH economy at risk if China ties sour

MANILA, Philippines — Consumer and civil society groups on Thursday challenged business organizations to substantiate warnings that worsening Philippine-China relations could cost millions of Filipino jobs, cautioning against using economic fears to discourage the country from defending its sovereignty. CitizenWatch, Konsyumer At Mamamayan (KM), Bantay Konsyumer, Kuryente, Kalsada (BK3) and Democracy Watch issued separate statements

Inflation jumps to three-year high of 7.8% in October

Nov 6, 2026

Inflation jumps to three-year high of 7.8% in October

MANILA, Philippines — Inflation sizzled to its hottest level in more than three years in October, driven by higher transport fares, rising energy costs and more expensive rice. The Philippine Statistics Authority reported on Thursday that the consumer price index rose 7.8 percent from a year earlier. This marked the fastest pace since February 2023,

Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence

Nov 6, 2026

Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings slid 39.6 per cent from a year earlier to HK$171.9 billion. The Exchange Fund’s Hong Kong equities portfolio...

PH manufacturing growth accelerates to 9% in September 2026

Nov 6, 2026

PH manufacturing growth accelerates to 9% in September 2026

Philippine manufacturing growth quickened for the second straight month in September, driven by faster output growth in petroleum products, basic metals, and transport equipment, government data released on Friday showed.

HKEX posts first quarterly profit decline in over 2 years as Hong Kong market cools

Nov 6, 2026

HKEX posts first quarterly profit decline in over 2 years as Hong Kong market cools

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 per cent compared with the previous quarter. Net profit for the three months to September fell 1 per cent year on year to HK$4.859 billion (US$620 million), or HK$3.84 per share, missing analysts’ estimates of HK$5 billion, according to an exchange filing on...

Thailand Business News — Morning Briefing

Nov 6, 2026

Thailand Business News — Morning Briefing

South Korean and other Asian technology markets suffered a severe sell-off on Friday, 6 November, following Wall Street's largest technology-led decline in more than a year.

Asian Tech and Equity Markets Suffer Massive Losses from AI Rout

Nov 6, 2026

Asian Tech and Equity Markets Suffer Massive Losses from AI Rout

Because Asian tech economies host the core manufacturing backbone for global AI hardware, the region has borne the brunt of the global sell-off:

Peso, stocks stage relief rally on US election results

Nov 6, 2026

Peso, stocks stage relief rally on US election results

MANILA, Philippines — The Philippine peso extended its rally on Thursday, strengthening to the 62-per-dollar level as a sweeping Democratic victory in the US midterm elections sent the greenback, oil prices and Treasury yields lower. Philippine shares also ended higher, buoyed by optimism over a possible end to the war in the Middle East. READ:

Maharlika plans up to P4B in fresh investments

Nov 6, 2026

Maharlika plans up to P4B in fresh investments

MANILA, Philippines — Maharlika Investment Corp. (MIC), the manager of the Philippines’ sovereign wealth fund, plans to invest as much as P4 billion in the coming months as it expands its portfolio across key sectors of the economy, its top official said. At a press conference on Thursday, MIC President and CEO Rafael Jose Consing Jr.

DOT seeks China visa-free extension 

Nov 6, 2026

DOT seeks China visa-free extension 

MANILA, Philippines — Visitor arrivals from China jumped nearly 70 percent this year, a rebound the Department of Tourism (DOT) largely attributes to the 14-day visa-free entry arrangement for Chinese nationals, which it hopes to extend before its expiration in 2027. Latest DOT data showed that arrivals from China reached 394,394 from Jan. 1 to

New corridor eyed for ‘super intelligence’ projects

Nov 6, 2026

New corridor eyed for ‘super intelligence’ projects

MANILA, Philippines — The Philippines plans to introduce a technology corridor to attract investments across the “super intelligence” value chain, from the minerals that power these advanced technologies to the data centers that support them. Dubbed the Super Intelligence, Knowledge and Advanced Technology Corridor (Sikat), the project is envisioned to stretch from Batangas to Mindanao and

Ayala Land earnings slid 18% to P17.5B in January to September

Nov 6, 2026

Ayala Land earnings slid 18% to P17.5B in January to September

MANILA, Philippines — Ayala Land Inc. (ALI) suffered from weaker property development, with its net income in the first nine months slipping by 18 percent to P17.5 billion from a year ago’s P21.4 billion. The property giant said its total revenues from January to September reached P109.2 billion, down 10 percent from the previous P121.8

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