Recto urges businesses to turn ASEAN trade deals into investments, jobs

GMA Network - Nov 14, 2026

Executive Secretary Ralph Recto urged businesses to turn ASEAN partnerships and trade agreements into investments, jobs and growth opportunities, while helping smaller enterprises benefit from closer regional cooperation.

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Filipinos to enjoy cheaper airfares from Nov 16-30

Nov 14, 2026

Filipinos to enjoy cheaper airfares from Nov 16-30

MANILA, Philippines — Travelers are in for a slight reprieve in the second half of November as the Civil Aeronautics Board (CAB) has approved lower fuel surcharges for the period, following a decline in global jet fuel prices at the start of the month. In an advisory dated Nov. 12, the aviation regulator said a

Life after Labubu? Pop Mart struggles for relevance as its toy sales plummet

Nov 14, 2026

Life after Labubu? Pop Mart struggles for relevance as its toy sales plummet

Pop Mart International will once again send a giant float down Sixth Avenue later this month for the Macy’s Thanksgiving Day Parade in New York City, but the company feels rather less buoyant than it did when it debuted at the event last year. The Chinese toymaker’s global ascent has stalled badly as the hype surrounding its Labubu dolls fades. Sales have plunged in recent months, dragging down the firm’s stock price and the net worth of its founder and CEO, Wang Ning. Wang now faces a giant...

BIR’s Ligon eyes 5-year overhaul of IT systems

Nov 13, 2026

BIR’s Ligon eyes 5-year overhaul of IT systems

MANILA, Philippines — The newly appointed Commissioner Rolando Ligon plans to accelerate the Bureau of Internal Revenue’s (BIR) digital modernization program with a multi-year overhaul of its core information technology systems. In a statement a day after Ligon’s appointment, the BIR said the new commissioner plans to initiate a five-year program to upgrade its computer infrastructure

PH warned against Japan-backed energy investments

Nov 13, 2026

PH warned against Japan-backed energy investments

MANILA, Philippines — Over 30 civil society groups across Asia warned that Japan’s $10-billion energy financing drive for Southeast Asian economies could deepen the Philippines’ reliance on fossil fuels despite efforts to accelerate renewables buildout. The organizations said on Friday that pushing for further tie-ups with Japan could make Filipino consumers more vulnerable to oil

NLEX expands EV charging network

Nov 13, 2026

NLEX expands EV charging network

NLEX Corporation has expanded its electric vehicle (EV) charging network along its expressways, giving motorists more options to recharge while traveling between Metro Manila and Central Luzon.

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.

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