Peso slides to P63.7:$1

GMA Network - Nov 12, 2026

The Philippine peso continued its downtrend for the second straight trading day on Thursday.

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As Beijing pushes for cash return, Chinese firms can unlock 15% valuation boost: report

Nov 12, 2026

As Beijing pushes for cash return, Chinese firms can unlock 15% valuation boost: report

Chinese companies could unlock a further 15 per cent in equity valuation upside by stepping up share buy-backs and dividend payouts, as Beijing seeks to encourage listed firms to return more cash to investors, according to Goldman Sachs. The US investment bank said in a report on Wednesday that an increase in corporate payout ratios and share repurchases, in line with policymakers’ efforts to improve shareholder returns, could lift valuations of the MSCI China Index by about 15 per cent from...

Farmers may earn up to P8 per kilo as palay buying price rises --NFA

Nov 12, 2026

Farmers may earn up to P8 per kilo as palay buying price rises --NFA

The National Food Authority (NFA) said on Thursday that farmers may earn up to P8 per kilo after it recently raised the palay buying price to P30 per kilogram.

Houthi rebels’ fresh demands put Chinese firms in a dilemma, analyst warns

Nov 12, 2026

Houthi rebels’ fresh demands put Chinese firms in a dilemma, analyst warns

The escalating conflicts between Saudi Arabia and Houthi rebels in Yemen have put many listed Hong Kong and mainland Chinese companies in a dilemma, especially as the Houthis order foreign businesses to register with a local body to avoid becoming targets of military strikes. The situation requires “serious attention” from businesses with a presence in the oil-rich region, according to an analyst focusing on the issue. The Iran-backed rebel militia recently warned that foreign companies...

BIR sees rise in beneficiaries of one-time tax abatement program

Nov 12, 2026

BIR sees rise in beneficiaries of one-time tax abatement program

The Bureau of Internal Revenue (BIR) on Thursday said it has seen an increase of micro taxpayers availing its One-Time Abatement Program.

BSP maintains 3% a month interest rate cap on credit card transactions

Nov 12, 2026

BSP maintains 3% a month interest rate cap on credit card transactions

The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it has retained the 3% interest rate per month ceiling on credit card transactions as part of efforts to provide relief to Filipino borrowers.

Thailand Business News — Morning Briefing

Nov 12, 2026

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Jumbo BSP rate hike still possible despite anemic Q3 growth

Nov 12, 2026

Jumbo BSP rate hike still possible despite anemic Q3 growth

MANILA, Philippines — A jumbo rate hike may still be on the table for the Bangko Sentral ng Pilipinas (BSP) despite the sluggish economic growth in the third quarter, with the primary goal of cooling off hot inflation that has been squeezing household budgets. In a commentary, economists at Nomura Global Markets Research said they still

BIR admits exposure of taxpayer profile data in recent cyber breach

Nov 12, 2026

BIR admits exposure of taxpayer profile data in recent cyber breach

MANILA, Philippines — The Bureau of Internal Revenue (BIR) admitted that taxpayer profile data may have been exposed in a cyber breach while continuing to investigate the incident and assess its privacy impact. “The BIR assures the public that the integrity of all internal database infrastructure and systems remains intact. Initial findings indicate that no

FDI inflows surged to 7-month high in August

Nov 12, 2026

FDI inflows surged to 7-month high in August

MANILA, Philippines — Net inflows of foreign direct investments (FDI) to the Philippines rose to a seven-month high in August, though the overall investment picture remained challenging as global headwinds continued to fray investor nerves. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed FDIs posted a net gain of $690 million, up 24.9 percent

SM Investments 9-mo bottom line rose 9% to P70.2 billion

Nov 12, 2026

SM Investments 9-mo bottom line rose 9% to P70.2 billion

MANILA, Philippines — SM Investments Corp. (SMIC) remained resilient despite weaker economic growth as it saw its earnings grow by 9 percent to P70.2 billion in the first three quarters of this year. SMIC’s consolidated revenues also went up by 5 percent to P506.8 billion from P482.3 billion. READ: Consumer spending lifts SMIC earnings The

Output surge boosts ACEN earnings by 84%

Nov 12, 2026

Output surge boosts ACEN earnings by 84%

MANILA, Philippines — ACEN Corp., the energy arm of the Ayala Group, finished the first nine months strong, with its profit soaring by 84 percent amid a surge in power output. The renewable energy producer said its net income attributable to equity holders of the parent firm had hit P3.3 billion, a significant improvement from the

DOE relaunches coal contract auction

Nov 12, 2026

DOE relaunches coal contract auction

MANILA, Philippines — The Department of Energy (DOE) has relaunched its controversial coal mine bidding, with the award set for early next year, even as investors raised concerns about the asset-surrender rule. The DOE is ready to welcome proposals from potential new coal operators, as it officially issued a notice of bidding “pursuant to DOE-Department

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