PCC fines MVP-linked firms P5.8M for late merger reports

Inquirer.net - Oct 30, 2026

MANILA, Philippines — Two companies linked to tycoon Manuel V. Pangilinan received a P5.8-million fine for repeatedly missing the reporting deadlines that the Philippine Competition Commission (PCC) imposed as part of a merger clearance. According to the antitrust watchdog, it found Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGen) liable for violating the

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MANILA, Philippines — Philippine banks remain healthy and well-capitalized despite mounting economic challenges, supported by strong regulatory oversight from the Bangko Sentral ng Pilipinas (BSP), Moody’s Ratings said. In a report dated Oct. 29, the global debt watcher assigned the Philippines a banking sector risk score of “a,” matching those of Colombia, India, Indonesia and Malaysia.

Hackers steal $6.3 billion from Binance in record heist blamed on North Korea

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SINGAPORE/TOKYO/PARIS - Hackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a theft that analysts blamed on North Korea and said could be the largest financial heist of all time.

Michelin Guide: Why Your Favorite Restaurant May Not Have a Star

Oct 30, 2026

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MANILA, Philippines — The Michelin Guide announced FLOW as the latest addition to the Philippines’ Michelin-starred restaurants on October 29. Located along Chino Roces Avenue in Makati, the fine-dining establishment brings the country’s total to 10 starred restaurants. However, the Guide’s 2027 selection recognized 127 establishments in all.ments in all. Yet, if so many restaurants received

Amid brutal sell-off, what comes next for Google, Amazon and other Big Tech titans?

Oct 30, 2026

Amid brutal sell-off, what comes next for Google, Amazon and other Big Tech titans?

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Peso continues gains vs dollar, closes at P63.74:$1

Oct 30, 2026

Peso continues gains vs dollar, closes at P63.74:$1

The Philippine peso extended its win-streak against the US dollar, ending the week on a strong note on Friday, lifted by optimism on President Ferdinand Marcos Jr."s assurance the government will prevent the peso from sliding further.

Gasoline prices set to rise next week

Oct 30, 2026

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Power outages loom anew across Visayas

Oct 30, 2026

Power outages loom anew across Visayas

MANILA, Philippines — The Visayas power crunch persisted on Friday, with the grid operator declaring another red alert amid a thin electricity supply due to the unavailability of major coal power plants. The National Grid Corp. of the Philippines (NGCP) said the red alert status would be in effect from 5 p.m. to 7 p.m. The

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How Malaysia-based Labuan IBFC provides the framework and fintech for global expansion

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The Asia-Pacific region stands out as the world’s most dynamic market for asset and wealth management, according to insights from PwC Australia, with assets under management (AUM) expected to hit the US$34.5 trillion mark by the end of the decade; in 2024 the figure stood at US$23.3 trillion. The profile of affluent individuals and families across Asia is also changing, with the Boston Consulting Group’s “The Asia Generational Wealth Report 2025: Succession in a New Era” highlighting that...

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AI as a New Tribe: Professor Alan Macfarlane on what makes us human

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