Razon Group to buy 30% stake in WPS oil exploration firm

Inquirer.net - Oct 20, 2026

MANILA, Philippines — The Razon Group is acquiring a 30-percent stake in a company that holds a service contract to harness petroleum resources in the West Philippine Sea. On Tuesday, Apex Mining Co. Inc. informed the local bourse that Prime Oil and Gas Inc. offered to acquire a 30 percent participating interest in Service Contract 72

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SEC approves Aznar Shipping's IPO

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SEC approves Aznar Shipping's IPO

Cebu-based passenger and cargo services company Aznar Shipping Corp."s plan to go public through an initial public offering (IPO) has secured the approval of the Securities and Exchange Commission (SEC).

PH auto sales bounce back in September after August slowdown

Oct 20, 2026

PH auto sales bounce back in September after August slowdown

Overall vehicle sales in the Philippines rebounded in September following weather-related disruptions in August, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.

Philippine EV Summit teams up with the country’s largest EV owners’ group

Oct 20, 2026

Philippine EV Summit teams up with the country’s largest EV owners’ group

EV owners are set to take center stage at the country’s biggest electric vehicle (EV) event this year.  The Electric Vehicle Association of the Philippines (EVAP) today signed a partnership with the Philippine EV Community (PEVC), the largest network of electric vehicle owners in the country with nearly 100,000 members, for the 14th Philippine EV

Peso unchanged at record-low P63.09:$1, PSEi inches up on Mynt debut

Oct 20, 2026

Peso unchanged at record-low P63.09:$1, PSEi inches up on Mynt debut

The Philippine peso closed unchanged against the US dollar at P63.09:$1 on Tuesday, matching its record-low finish from the previous trading day.

EXPLAINER: What is an IPO?

Oct 20, 2026

EXPLAINER: What is an IPO?

Fintech giant Mynt Inc., the parent company of GCash, began trading on the Philippine Stock Exchange (PSE) on Tuesday following its historic initial public offering (IPO).

Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns

Oct 20, 2026

Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns

Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...

Chinese carmakers gear up European production to sidestep tariffs, import quota

Oct 20, 2026

Chinese carmakers gear up European production to sidestep tariffs, import quota

Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

Oct 20, 2026

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

The Philippine government, through the Department of Finance (DOF), has secured ¥236.64-billion or roughly P94-billion loan from the Asian Development Bank (ADB) as financing support in efforts to cushion the impact of the Middle East crisis on commuters, vulnerable sectors, and overseas Filipino workers (OFWs).

COREPLUS urges Cebu businesses to strengthen own energy systems

Oct 20, 2026

COREPLUS urges Cebu businesses to strengthen own energy systems

COREPLUS, the energy engineering and technical services are of Vivant Energy"s COREnergy, has called on businesses in Cebu to strengthen energy systems within their own operations amid power supply volatility in the Visayas grid.

China’s tax authority issues final call for wealthy citizens to declare offshore trust gains

Oct 20, 2026

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GCash sees lending as driver for future growth

Oct 20, 2026

GCash sees lending as driver for future growth

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Gasoline, kerosene prices down, diesel up

Oct 20, 2026

Gasoline, kerosene prices down, diesel up

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