Phuket Launches Operation to Restore Freedom Beach

Thailand Business News - Nov 14, 2026

The Natural Resources and Environment Minister initiated an operation to dismantle unauthorized structures on Freedom land to uphold environmental regulations and protect public spaces.

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SMC power unit backs DOE rule on surrendering assets

Nov 13, 2026

SMC power unit backs DOE rule on surrendering assets

MANILA, Philippines — San Miguel Corp.’s power arm signaled strong interest in the government’s coal mine auction and even praised the Department of Energy (DOE) for its controversial asset-surrender rule, a provision that has drawn the ire of incumbent operator Semirara Mining and Power Corp. (SMPC). Of the seven companies that attended a new pre-bid

GMA swings to P77-M loss in Q3

Nov 13, 2026

GMA swings to P77-M loss in Q3

MANILA, Philippines — Broadcast giant GMA Network Inc. slipped into the red in the third quarter of 2026, with sluggish advertising spending and the absence of election-related placements weighing on its revenues. In a disclosure on Friday, the company said it had incurred a consolidated net loss of P77.36 million from July to September, reversing the

San Miguel 9-month profit drops 40% to P47.3B

Nov 13, 2026

San Miguel 9-month profit drops 40% to P47.3B

MANILA, Philippines — San Miguel Corp. (SMC) reported a 40-percent drop in net income to P47.3 billion in the first nine months of 2026, weighed down by unrealized foreign exchange losses and a high year-earlier base. The conglomerate said its 2025 results included a one-time gain from the Chromite transaction. Excluding that gain and other

Airline losses drag JG Summit’s 9-month profit down 33%

Nov 13, 2026

Airline losses drag JG Summit’s 9-month profit down 33%

MANILA, Philippines — JG Summit Holdings Inc.’s net income attributable to equity holders of the parent fell 33 percent to P12.5 billion in the first nine months of 2026, as higher jet fuel costs and a weaker peso weighed on its airline business. On Friday, the Gokongwei-led conglomerate pointed said the peso’s depreciation increased foreign exchange

ABS-CBN 9-mo losses widened to P2.95B

Nov 13, 2026

ABS-CBN 9-mo losses widened to P2.95B

MANILA, Philippines — ABS-CBN Corp. saw its losses widen by nearly a third in the first nine months of 2026, as weaker advertising demand and a shrinking cable subscriber base were further aggravated by “challenging market conditions” In a disclosure on Friday, the media company reported a consolidated net loss of P2.95 billion from January to

PSEi drops to 2026 low as peso weakens

Nov 13, 2026

PSEi drops to 2026 low as peso weakens

MANILA, Philippines — Local stocks fell for a third straight session on Friday, closing at their lowest level this year as a weaker peso and a downgrade to the country’s growth outlook weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 67.06 points, or 1.18 percent, to close at 5,593.49, slipping below 5,600. READ:

Shopee launches ShopeeFood in the Philippines, expanding its ecosystem of everyday services 

Nov 13, 2026

Shopee launches ShopeeFood in the Philippines, expanding its ecosystem of everyday services 

Shopee, the largest e-commerce platform in Southeast Asia and Taiwan and a leading e-commerce platform in Brazil, has launched  ShopeeFood, its food delivery service, in the Philippines. The service is now available in Metro Manila, making the Philippines the fifth Southeast Asian market where Shopee offers food delivery as part of its broader marketplace offering.

Weaker peso widens DITO’s 9-month net loss

Nov 13, 2026

Weaker peso widens DITO’s 9-month net loss

MANILA, Philippines — Mounting foreign exchange losses and higher interest expenses hit DITO CME Holdings Corp. in the first nine months of 2026, during which its net loss attributable to shareholders ballooned to P17.1 billion. That marked a 77-percent jump from the attributable net loss of P9.65 billion in the same period last year. READ: DITO

PNB Holdings 9-month profit rises 16% to P317M

Nov 13, 2026

PNB Holdings 9-month profit rises 16% to P317M

MANILA, Philipppines — PNB Holdings Corp. grew net income 16 percent to P317.02 million in the first nine months of 2026 as the company broadened its commercial offerings to attract more customers to its buildings. On Friday, the real estate company said in a disclosure that consolidated revenues rose 5 percent to P940.35 million. READ: PNB

PhilWeb Q3 profit climbs 36% to P64.2M

Nov 13, 2026

PhilWeb Q3 profit climbs 36% to P64.2M

MANILA, Philippines — PhilWeb Corp.’s net income rose 36 percent to P64.2 million in the third quarter of 2026 from P47 million in the previous quarter, as its digital platform business for licensed gaming operators brought in nearly two-thirds of group revenue. On Friday, the company, backed by Lance Gokongwei, said it was its third straight

Cosco Jan-Sept profit climbs 11.8% to P11.96B

Nov 13, 2026

Cosco Jan-Sept profit climbs 11.8% to P11.96B

MANILA, Philippines — Lucio Co-led Cosco Capital Inc. grew its consolidated net income by 11.8 percent to P11.96 billion in the first nine months of 2026, as stronger grocery earnings offset a decline in profit at liquor distributor The Keepers Holdings Inc. On Friday, the company said in a disclosure that consolidated revenues rose 10.2 percent

Nickel Asia’s 9-month income jumps 19%

Nov 13, 2026

Nickel Asia’s 9-month income jumps 19%

MANILA, Philippines — Nickel Asia Corp. (NAC) reported a 19-percent jump in its nine-month income, lifted by higher metal prices and sales as well as a booming renewable energy business.  The listed miner’s attributable net income rose to ₱6.16 billion from ₱5.19 billion a year earlier. READ: Nickel Asia books 93% higher H1 profit “Our strong

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