The Philippine peso further weakened against the US dollar, breaching the P63:$1 level and hitting a fresh historic low during intraday trading on Friday.
Oct 16, 2026
MANILA, Philippines — Major investments are pushing Cebu’s tourism and commercial activity beyond its familiar and better-known tourism districts, giving travelers more reasons to stay in areas that businesses once overlooked. Changes in economic activity have gradually redrawn Cebu’s hotel map, with hotel operators following travelers beyond established hubs. READ: Cebu tourism steady, modest growth driven
MANILA, Philippines — There seems to be no end in sight to the changes in the Cabinet, even as the Marcos administration approaches the end of its term. This week alone saw Dave Gomez replaced by Lino Cayetano as head of the Presidential Communications Office and Robert de Claro transferred from the Social Security System
MANILA, Philippines — The Bureau of Customs (BOC) is tightening its oversight of engagements with government agencies, business groups, and other stakeholders through a new office that coordinates partnerships and monitors their implementation. Under Customs Memorandum Order No. 17-2026, the BOC created the Customs Local Affairs Office (CLAO) to institutionalize a framework for domestic stakeholder
MANILA, Philippines — Shenzhen Airlines is seeking regulatory approval to expand its operations in the Philippines, as China’s fifth-largest airline looks to capitalize on growing travel demand between the two Asian countries. According to a notice posted by the Civil Aeronautics Board (CAB), the Chinese carrier has applied for a foreign air carrier permit that would
MANILA, Philippines — The Department of Agriculture (DA) is seeking more support from tollway operators for an initiative to ease the impact of rising fuel costs on the farm sector and Filipino consumers. The agency refers to the rebate program for trucks transporting agricultural products, under which qualified beneficiaries can receive toll discounts. READ: Toll fees
Motorists should expect mixed movements in fuel prices to be implemented in the coming week.
Hong Kong regulators’ tough action to crack down on fraudulent activity in the initial public offering market is sending ripples across the city’s financial industry, with insiders predicting short-term turbulence as some listings are scaled back or even cancelled. Financial intermediaries and IPO sponsors in particular find themselves in a “difficult position”, as they are now expected to conduct deeper due diligence to ensure deals are free from distortions, sources told the South China...
Oct 15, 2026
Hong Kong investors are Asia’s most ambitious stock pickers, but they have much more subdued return expectations than regional peers swept up in enthusiasm over artificial intelligence, according to a survey by a global asset management firm. Some 95 per cent of Hong Kong respondents said they wanted to outperform the market, the highest proportion in Asia, where the average stood at 85 per cent, according to a survey conducted in August by Natixis Investment Managers. Hong Kong investors...
Thailand hosts the IMF-World Bank annual meetings in Bangkok this week, nearly three decades after the 1997 Asian financial crisis.
ASEAN countries adopted a Joint Declaration in Bali to protect journalistic works from unauthorized use by digital platforms and AI.
MANILA, Philippines — The government plans to raise the mandatory bioethanol blend in gasoline to 15 percent (E15) to help curb high fuel prices and boost domestic production, an energy official said. According to Department of Energy (DOE) undersecretary Alessandro Sales, the National Biofuels Board (NBB) has begun studying the possibility of increasing the blend to
MANILA, Philippines — The Bureau of Internal Revenue (BIR) recorded double-digit revenue growth in September 2026, with gross collections reaching P203.581 billion, an increase of P20.056 billion or 10.93 percent compared with the same month last year, based on preliminary data as of Oct. 13, 2026. “Our taxpayers are doing their part, and our revenuers are