PH banks remain resilient despite rise in NPLs, says BSP

Inquirer.net - Nov 7, 2026

MANILA, Philippines — Philippine banks remained in good shape in the first half of the year despite a rise in bad loans, with the Bangko Sentral ng Pilipinas (BSP) citing strong earnings, ample liquidity, adequate capital and stable funding as key buffers. In its latest Report on the Philippine Financial System for the First Semester of

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DOF seeks P724-m South Korean grant for healthcare

Nov 7, 2026

DOF seeks P724-m South Korean grant for healthcare

MANILA, Philippines — The Department of Finance (DOF) has requested a P724-million grant from the Korea International Cooperation Agency (KOICA) to fund an initiative under the broader Universal Health Care program for underserved communities along the Luzon Economic Corridor. In a statement, the DOF said it proposed the partnership to support the Department of Health’s

Fisheries slump extends to 4th year — PSA

Nov 7, 2026

Fisheries slump extends to 4th year — PSA

MANILA, Philippines — The country’s fisheries production has declined for four consecutive third quarters as various subsectors have decreased, according to data from the Philippine Statistics Authority (PSA). Data from the statistics agency showed fisheries output totaled 886,556.60 metric tons (MT) in the July to September period, down 1.8 percent. The overall volume has been

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

Nov 7, 2026

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

Tiger Brokers is seeking to offset the effects of Beijing’s regulatory crackdown by tapping business opportunities in Hong Kong, according to its CFO. “User growth is currently mainly driven by local Hong Kong clients, and overall client growth remains very strong,” said John Zeng, Group CFO and CEO of Tiger Brokers (Hong Kong), when asked about Beijing’s scrutiny of unauthorised cross-border stock trading. “We will certainly fully comply with regulatory requirements in acquiring new...

China–Lao PDR Launch Cross-Border e-CNY Payment Connect

Nov 6, 2026

China–Lao PDR Launch Cross-Border e-CNY Payment Connect

The People’s Bank of China and Bank of the Lao PDR launched a CBDC-enabled cross-border payment system, enhancing economic connectivity and transparent currency settlement between China and Lao PDR.

SSS death benefits climb to P63.7B in Jan-Sept

Nov 6, 2026

SSS death benefits climb to P63.7B in Jan-Sept

MANILA, Philippines — Death benefits disbursed by the Social Security System (SSS) jumped to P63.74 billion in the first three quarters of the year, driven by the early implementation of a pension increase for surviving spouses or death pensioners in June. In a statement, the SSS said death benefit payouts through the end of September rose 10.4

Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra

Nov 6, 2026

Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra

MANILA, Philippines — Peppermint Bizmoto Inc., a Philippine electronic money issuer (EMI), is strengthening its digital payment infrastructure through a dedicated Multiprotocol Label Switching (MPLS) connectivity agreement involving VITRO Inc., part of the PLDT Group’s enterprise technology ecosystem. The initiative marks an important milestone in Peppermint’s commitment to building secure, reliable, and scalable payment infrastructure

Beijing calls for more efforts to stabilise stock market after renewed sell-off

Nov 6, 2026

Beijing calls for more efforts to stabilise stock market after renewed sell-off

China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday. The comments came as the CSI 300 Index, which tracks major...

China’s AI models, led by Kimi, dominate open-source enterprise spending

Nov 6, 2026

China’s AI models, led by Kimi, dominate open-source enterprise spending

Chinese artificial intelligence models led by Moonshot AI’s Kimi family accounted for nearly nine-tenths of estimated global enterprise spending on open-source systems, according to a new study, even though proprietary US rivals continue to capture the vast majority of overall revenue. The report, released this week by Silicon Valley venture capital firm Menlo Ventures, said Chinese AI systems accounted for 89 per cent of global enterprise spending on open-source models. Kimi led with a 61 per...

Ahead of Shenzhen trade talks, US holds off blacklist rule that angered Beijing

Nov 6, 2026

Ahead of Shenzhen trade talks, US holds off blacklist rule that angered Beijing

Ahead of a new round of bilateral trade talks, the US has extended the suspension of an expanded trade blacklist that helped inflame tensions with China last year and could subject overseas subsidiaries of Chinese companies to greater scrutiny. The US Bureau of Industry and Security (BIS) issued a final rule on Thursday extending the suspension of its 50 per cent affiliate rule until January 10, when the current US-China trade truce is also set to expire. If implemented, the measure would extend...

Crypto heavyweight Solana eyes Hong Kong expansion to tap growing tokenisation demand

Nov 6, 2026

Crypto heavyweight Solana eyes Hong Kong expansion to tap growing tokenisation demand

Solana, one of the world’s largest blockchain networks, plans to expand in Hong Kong to tap the city’s growing demand for tokenisation, according to a senior executive. “I believe that the biggest opportunity for Solana is actually in [the Asia-Pacific region],” Solana Company chairman and CEO Joseph Chee said in an interview in Hong Kong earlier this week. Founded in the US in 2018, the company is behind one of the most popular cryptocurrencies. With a market capitalisation of about US$53...

Palace admits AI may displace workers, but highlights new opportunities

Nov 6, 2026

Palace admits AI may displace workers, but highlights new opportunities

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

China’s AI chipmakers report first profits, but will the trend continue?

Nov 6, 2026

China’s AI chipmakers report first profits, but will the trend continue?

China’s pure-play artificial intelligence chipmakers crossed an important milestone in the third quarter as several firms swung into profit, but severe supply chain hurdles and soaring memory costs cloud their long-term growth prospects. Domestic graphics processing unit (GPU) developers including Moore Threads, MetaX and Iluvatar CoreX are racing to fill the market void left by Nvidia, whose high-end processors face strict US export controls. These home-grown firms are competing fiercely to win...

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