PSEi rebounds to 5,700 level

GMA Network - Oct 16, 2026

Philippine shares closed the week on a strong note on Friday, as investors' bargain hunting supported the local market.

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Marcos appoints Victor Alfonso Limlingan as new SSS chief

Oct 16, 2026

Marcos appoints Victor Alfonso Limlingan as new SSS chief

President Ferdinand “Bongbong” Marcos Jr. on Friday appointed finance and investment veteran Victor Alfonso Limlingan as the new president and CEO of the Social Security System (SSS).

‘Father of Lan Kwai Fong’ Allan Zeman pivots to Hong Kong’s luxury home market

Oct 16, 2026

‘Father of Lan Kwai Fong’ Allan Zeman pivots to Hong Kong’s luxury home market

The wallpaper on Allan Zeman’s office desktop computer screen is an image of Chandara, the private estate in Phuket that he has owned for more than two decades. Now the “father of Lan Kwai Fong” is bringing the Thai resort-style concept to Hong Kong’s luxury housing market. Located in rural Sai Kung, 181 Clearwater is the first local residential project for Zeman’s Lan Kwai Fong Group. Developed with Far East Consortium and Hien Lee Engineering, the project – which has received presale approval...

Crypto operator Solana abruptly cancels Shanghai event after office plan raises eyebrows

Oct 16, 2026

Crypto operator Solana abruptly cancels Shanghai event after office plan raises eyebrows

Solana, which operates one of the world’s largest cryptocurrencies, has cancelled a high-profile event in Shanghai at the last minute as local police appeared on site, according to social media posts, just a day after the firm touted the opening of a fancy new office in the city. Solana was slated to host its Solana Accelerate China event in Shanghai on Friday morning, part of a week-long event across major cities in mainland China. Shortly before the event kicked off, however, the company said...

Peso breaches P63:$1 level further

Oct 16, 2026

Peso breaches P63:$1 level further

The Philippine peso further weakened against the US dollar, breaching the P63:$1 level and hitting a fresh historic low during intraday trading on Friday.

COA flags SSS P40-B 'paper loss' in equity investments

Oct 16, 2026

COA flags SSS P40-B 'paper loss' in equity investments

State auditors have flagged the nearly P40-billion in unrealized equity investment losses incurred by private sector workers" pension fund Social Security System (SSS).

Leaving portfolio decisions to the professionals

Oct 16, 2026

Leaving portfolio decisions to the professionals

[The content of this article has been produced by our advertising partner.] For anyone with a smartphone, market information is rarely far away. Market prices, company news, economic data and analysis can all be pulled up in just seconds. But access to information does not necessarily make the next investment decision any easier. A June 2026 HSBC survey of more than 1,200 affluent and high-net-worth investors in Hong Kong found that 60 per cent said a financial professional or institution had...

Peso sinks past 63:$1 for the first time

Oct 16, 2026

Peso sinks past 63:$1 for the first time

MANILA, Philippines — Expectations of higher US interest rates bolstered the greenback and dragged the Philippine peso past 63 per dollar for the first time on Thursday, putting the spotlight on how the Bangko Sentral ng Pilipinas (BSP) will respond to stubbornly high inflation and currency volatility. The peso lost 19 centavos from its previous

Overseas Filipino remittances hit 3-month bottom in August

Oct 16, 2026

Overseas Filipino remittances hit 3-month bottom in August

MANILA, Philippines — Money sent home by Filipinos overseas hit a three-month low in August, as remittance growth remained modest amid geopolitical risks facing migrant workers abroad. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that cash remittances coursed through banks grew 1.9 percent from a year earlier to $3.03 billion. This marked the

Domestic flyers lift Cebu Pacific in lean September

Oct 16, 2026

Domestic flyers lift Cebu Pacific in lean September

MANILA, Philippines — Cebu Pacific managed to grow its passenger traffic in the traditionally lean month of September, thanks to its larger domestic network, which delivered enough growth to offset a decline in international travel. The low-cost carrier disclosed on Thursday that passenger traffic rose by 4.4 percent to 1.91 million in September from 1.83

UPS launches $80-m hub at Clark International Airport

Oct 16, 2026

UPS launches $80-m hub at Clark International Airport

CLARK, Pampanga—United Parcel Service Co. (UPS) has brought its $80-million in a new hub at Clark International Airport as it continues to strengthen its logistics network across Asia Pacific. The global logistics and supply chain solutions provider said the expanded Clark hub, its largest investment in the Philippines and one of the biggest in the

Philex Mining settles with labor union on CBA dispute

Oct 16, 2026

Philex Mining settles with labor union on CBA dispute

MANILA, Philippines — Philex Mining Corp. has resolved a labor dispute with union workers at its Padcal mine site in Benguet, ending a days-long strike over a collective bargaining agreement (CBA). The mining company, led by Manuel Pangilinan, informed the local bourse that it signed a settlement agreement with the National Mines and Allied Workers

Leaders should stress-test the core business before the market does

Oct 16, 2026

Leaders should stress-test the core business before the market does

MANILA, Philippines — When business leaders discuss strategic risk, they usually focus on what is new: the startup investment, cross-border acquisition, digital transformation or multibillion-peso capital proposal. They ask probing questions because the future is unproven. But what about the core business that is already making money? It has paying customers, steady revenues, a long

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