Share prices on the Philippine Stock Exchange closed in the green on Thursday as the peso rebound to the P63:$1 level after hovering at P64-to-one dollar was cheered by the market.
Oct 29, 2026
MANILA, Philippines — The Mandaluyong Regional Trial Court dismissed a petition to hold in indirect contempt several members of the Lopez majority bloc over alleged violations of a temporary restraining order in relation to the controversial family feud. In a regulatory filing on Wednesday, Lopez Holdings Corp. said a copy of the court ruling dated Oct.
MANILA, Philippines — Ayala Corp. is ready to cough up about P19.5 billion to buy back shares from public investors, as it moves closer to an expanded tie-up with Japan’s Mitsubishi Corp. The homegrown conglomerate on Wednesday said it plans to launch a voluntary tender offer to purchase 30.06 million common shares from all holders. READ:
MANILA, Philippines — Manila Electric Co. (Meralco), led by tycoon Manuel V. Pangilinan, saw a 12-percent growth in its bottom line in the first three quarters of 2026, thanks largely to greater contribution from its power generation and retail electricity business. At a briefing on Wednesday, Meralco chief financial officer Betty Siy-Yap said the company’s core
The Philippine peso gained its ground against the US dollar, clawing its way back to P63-to-one dollar level during the opening of trading on Thursday.
MANILA, Philippines — Mitsubishi Motors Philippines Corp. (MMPC) is keeping its faith in the Philippines as one of its “priority markets,” even as its Japanese parent reassesses its focus on Southeast Asia amid intensifying competition from Chinese automakers. In a statement sent to the Inquirer, MMPC reaffirmed its commitment to the automotive industry in the Philippines,
Firefly has opened its first global standalone store in Bangkok, showcasing an upgraded right-hand-drive EV model and expanding its presence in Thailand's automotive market.
MANILA, Philippines — MGEN Renewables Inc. (MGENR), formerly SP New Energy Corp. or SPNEC, is pushing for its planned secondary public offering after securing board approval for a P4.98-billion asset deal, a step closer to expanding its grip beyond the world’s largest solar farm. The company said on Wednesday that its board of directors had
MANILA, Philippines — The total funds and assets held by Philippine financial institutions climbed to a fresh record high in August, climbing back to the P38-trillion level as lenders continued to expand credit and attract deposits despite challenges confronting the economy. Excluding the funds and assets of the central bank, the total resources of the financial
Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels. Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners. Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong’s...
Delta Electronics (Thailand) reported a 42.4% Q3 2026 sales growth to THB 75,801 million, driven by AI demand, though net profit fell short of estimates, rising 4.3% to THB 7,757 million.
Oct 28, 2026
The Hong Kong Monetary Authority (HKMA) warned of considerable uncertainty over the path of US interest rates as it kept its base rate unchanged at 4.25 per cent on Thursday, hours after the US Federal Reserve also held its benchmark rate steady. Hong Kong’s three note-issuing banks – HSBC, Bank of China (Hong Kong) and Standard Chartered – all followed the HKMA’s lead, keeping their prime rates unchanged. The Hong Kong dollar could continue to weaken due to the gap between Hong Kong and US...
In September, Chief Executive John Lee Ka-chiu unveiled the city’s first five-year plan along with his policy address, highlighting Hong Kong’s strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the third part of a four-part series on the globalisation of the yuan, Xinmei Shen explores how Hong Kong is testing the interoperability of the e-CNY and other digital assets in an effort to broaden the currency’s international appeal. In a US Senate...