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

GMA Network - Oct 7, 2026

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

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Semirara Mining decries coal assets surrender requirement to join bidding

Oct 7, 2026

Semirara Mining decries coal assets surrender requirement to join bidding

Consunji-led Semirara Mining and Power Corporation (SMPC) cried foul Wednesday over the latest bidding rules requiring the company to surrender its assets to the government if it joins the auction for Semirara Island"s mines.

Security Bank taps Tookitaki for anti-financial crimes screening

Oct 7, 2026

Security Bank taps Tookitaki for anti-financial crimes screening

Security Bank Corporation on Wednesday announced it has partnered with global financial technology provider Tookitaki to update its anti-financial crime compliance architecture, modernizing its screening capabilities through the deployment of Tookitaki's FinCense Screening platform.

US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global markets

Oct 7, 2026

US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global markets

US firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...

Chicken prices up by P10 due to supply drop, group says

Oct 7, 2026

Chicken prices up by P10 due to supply drop, group says

Chicken prices up by P10 due to supply drop, group says

NGCP: No intention to delay implementation of ancillary service contracts

Oct 7, 2026

NGCP: No intention to delay implementation of ancillary service contracts

The National Grid Corporation of the Philippines (NGCP) on Wednesday came to its defense after the Department of Energy (DOE) blamed it for the series of yellow and red alerts in the Visayas power grid.

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

Oct 7, 2026

Time to Rewrite Energy Rules: Unavoidable Transition for Thailand

Recent Middle East conflict and oil price volatility have highlighted Thailand’s dependence on imported fossil fuels, prompting calls to accelerate its clean energy transition. A seminar involving energy experts, policymakers, and industry representatives concluded that reducing fossil fuel dependence is now an economic and security necessity, not just an environmental goal, with ASEAN neighbors facing […]

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

Oct 7, 2026

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

The number of jobless Filipinos decreased by over 375,000 in August 2026, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.

Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report

Oct 7, 2026

Hong Kong’s MPF has gained nearly HK$100b this year despite September loss: report

Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September, the consultancy found. In monetary terms, they earned HK$96.9 billion over the first three quarters...

Phuket named top wellness destination by Canadian travellers

Oct 7, 2026

Phuket named top wellness destination by Canadian travellers

Phuket has won Air Canada Vacations’ 2026 Travellers’ Top Picks Award for Wellness, voted for by Canadian travellers.

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

Oct 6, 2026

Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arrive

Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

Oct 6, 2026

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.

Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high

Oct 6, 2026

Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high

Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, the highest land premium for a residential site in recent years, according to Vincent Cheung, managing director of valuation firm Vincorn Consulting and Appraisal. The last time a Kowloon...

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