Relocation of settlers at US-backed Pax Silica site to begin in 2027

Inquirer.net - Oct 20, 2026

MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) is targeting to begin the relocation of residents and farmers within the 1,619-hectare (ha) site earmarked for the US-backed Pax Silica hub by 2027, as preparations for the advanced manufacturing project gather pace. This means the relocation will follow the planned signing of a “master

Read full article

More News

GCash IPO seen to reenergize local stock market

Oct 20, 2026

GCash IPO seen to reenergize local stock market

MANILA, Philippines — The initial public offering (IPO) of GCash parent Mynt Inc. could renew interest in Philippine stocks and bring more retail investors into the market, according to Unicapital Securities Inc. The brokerage said Mynt’s scale and access to GCash’s digital ecosystem could encourage wider participation in equities. READ: GCash IPO attracts over 20

DA to bid out P1.9-B Clark National Food Hub construction

Oct 20, 2026

DA to bid out P1.9-B Clark National Food Hub construction

The Department of Agriculture (DA) is soliciting proposals for the construction of phase one of the Clark National Food Hub, valued at P1.9 billion, to streamline the distribution of agricultural products. The 40-hectare project, which will rise within the Clark Civil Aviation Complex in Pampanga, is designed to centralize the distribution, storage and processing of

Succession? Survey finds 66% of ultra-rich’s young heirs not ready to take over

Oct 20, 2026

Succession? Survey finds 66% of ultra-rich’s young heirs not ready to take over

Global ultra-rich families worry more about wealth succession than political uncertainty, as most of their next generation are not yet well prepared for the trillions of dollars’ worth of transfer, a survey by Julius Baer showed. The findings came after the Swiss private bank and its partner EY analysed responses from more than 700 financial professionals worldwide who advise ultra-high-net-worth (UHNW) families with wealth of 50 million Swiss francs (US$60.7 million) or more in the latest...

IMF Sees Asia’s Growth Slowing in 2027 as Energy Shock and Rising Bond Yields Raise Risks

Oct 20, 2026

IMF Sees Asia’s Growth Slowing in 2027 as Energy Shock and Rising Bond Yields Raise Risks

The IMF forecasts Asia-Pacific economic growth will slow to 4.4% in 2027, down from 4.8% in 2026 and 5% in 2025, citing risks from an energy shock, rising global bond yields, and uncertainty over AI demand

Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowers

Oct 20, 2026

Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowers

Hong Kong is opening its arms to more sovereign debt issuers, as this week’s Apec Finance Ministerial Meeting (FMM) provides a good opportunity to demonstrate the depth and advantages of the city’s financial markets. Its signature dim sum bond market could leverage low fundraising costs relative to that of developed markets and risk diversification considerations to make the city a magnet for sovereign borrowers, including many members of the Asia-Pacific organisation, according to...

Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US

Oct 19, 2026

Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US

US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region’s office property segment. Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to...

AboitizPower lauded for contribution to Asean energy sector

Oct 19, 2026

AboitizPower lauded for contribution to Asean energy sector

MANILA, Philippines — Aboitiz Power Corporation (AboitizPower) was among the organizations commended by the Association of Southeast Asian Nations (Asean) for its exemplary contribution to the region’s energy sector, particularly in its cooperation on nuclear energy technologies, information sharing, and capacity building. Last July, AboitizPower signed a memorandum of understanding with Korea Hydro & Nuclear

GoTyme raises 2026 customer target to 12.5M

Oct 19, 2026

GoTyme raises 2026 customer target to 12.5M

MANILA, Philippines — Gokongwei-backed GoTyme Bank has raised its year-end customer target to 12.5 million from 12 million, as monthly customer additions surged to 450,000-500,000, nearly doubling from its previous pace. Speaking at the Economic Journalists Association of the Philippines infrastructure forum, GoTyme CEO Nate Clarke said the digital bank currently has about 11.5 million

TAT and Tripadvisor are teaming up to support Thailand’s tourism transformation planned for 2027

Oct 19, 2026

TAT and Tripadvisor are teaming up to support Thailand’s tourism transformation planned for 2027

TAT and Tripadvisor collaborate to boost Thailand's 2027 tourism with destination marketing, insights, and digital promotion for high-value travel.

Razon-Pacquiao firm says plebiscite okays venture with SOCOTECO II

Oct 19, 2026

Razon-Pacquiao firm says plebiscite okays venture with SOCOTECO II

A plebiscite has approved the proposed joint venture agreement (JVA) between SOCOTECO II and Primelectric"s IGNITE Power and Energy Holdings Inc., the latter said.

Camp John Hay in for major facelift, utility upgrades

Oct 19, 2026

Camp John Hay in for major facelift, utility upgrades

MANILA, Philippines —The Bases Conversion and Development Authority (BCDA) is preparing to partner with the private sector to give Baguio’s iconic Camp John Hay a multibillion-peso makeover, upgrading the former American recreational base. Less than two years after taking over the estate, the state-run corporation has already begun a sweeping makeover under a refreshed master

Biggest Converge data center planned for Luzon

Oct 19, 2026

Biggest Converge data center planned for Luzon

MANILA, Philippines — Converge ICT Solutions Inc. has abandoned its earlier plans to build its next major data center in the Visayas or Mindanao, instead scouting locations in Calabarzon for new facilities as it seeks to capitalize on the artificial intelligence (AI) boom. Converge cofounder and CEO Dennis Uy said the fiber broadband provider is

Recommended