San Miguel's food and beverage unit eyes holiday demand pickup as profit dips

GMA Network - Nov 4, 2026

San Miguel Food and Beverage Inc. (SMFB) on Wednesday reported a slight decline in its net income for the first nine months of the year, but expressed optimism that consumer demand would pick up in the fourth quarter, usually its busiest period.

Read full article

More News

Chinese firms’ third-quarter dividend growth lags global average amid market slump

Nov 4, 2026

Chinese firms’ third-quarter dividend growth lags global average amid market slump

Chinese listed firms’ third-quarter dividend payments lag behind the global average, according to a report by Capital Group, throwing doubt over the effectiveness of Beijing’s ongoing stock market stabilisation plans. In China, dividends only rose 5.3 per cent on a core basis in the third-quarter, compared with global growth of 7.5 per cent, according to the Dividend Watch report released by Capital Group on Wednesday. Globally, 88 per cent of companies in the Capital Group index increased...

PLDT taps PwC Philippines as external auditor as SGV resigns after 24 years

Nov 4, 2026

PLDT taps PwC Philippines as external auditor as SGV resigns after 24 years

Telecom giant PLDT Inc. has officially appointed Isla Lipana & Co./PwC Philippine, a member firm of the PricewaterhouseCoopers (PwC) network, as its independent external auditor, replacing its long-time auditing partners SyCip Gorres Velayo & Co. (SGV & Co.), which resigned after 24 years.

PH leads ASEAN buyers of Cambodian rice in 2026 - USDA

Nov 4, 2026

PH leads ASEAN buyers of Cambodian rice in 2026 - USDA

The Philippines is the leading buyer of Cambodian milled rice among Southeast Asian countries in 2026 as Manila seeks to diversify its sources of imported rice, the United States Department of Agriculture (USDA) said.

Chinese stock investors stay on the sidelines even as state intervention gathers pace

Nov 4, 2026

Chinese stock investors stay on the sidelines even as state intervention gathers pace

Chinese investors refrained from bets on stocks this week, even after Beijing unveiled a litany of measures to shore up confidence in the world’s second-largest equity market. Leveraged traders trimmed their holdings to a one-year low this week, while new stock-account openings dropped by more than 30 per cent in October, according to official data. The retreat in retail enthusiasm contrasted with the government ramping up its efforts to prop up stocks, including liquidity injections through two...

LandBank 9-month net income rises 8% to P37.53B

Nov 4, 2026

LandBank 9-month net income rises 8% to P37.53B

State-run Land Bank of the Philippines (LandBank) on Wednesday reported an 8% increase in net income in the first nine months of the year, driven by the expansion of its core banking operations.

Thailand to Pilot Special Regime for Khao San and Rambuttri Nightlife Venues

Nov 4, 2026

Thailand to Pilot Special Regime for Khao San and Rambuttri Nightlife Venues

The Thai government plans a pilot special regime for Khao San and Rambuttri roads to improve nightlife venue compliance, addressing outdated zoning laws and promoting legal operations in Bangkok.

Thailand Business News — Morning Briefing

Nov 4, 2026

Thailand Business News — Morning Briefing

Today's briefing examines Thailand's automotive tax restructuring, Japan's semiconductor industry consolidation, Hong Kong's stronger-than-expected economic growth, China's latest financial-market intervention and Grab's improving profitability across Southeast Asia.

DTI rules out 'shrinkflation' in 190 basic goods

Nov 4, 2026

DTI rules out 'shrinkflation' in 190 basic goods

The Department of Trade and Industry (DTI) on Wednesday assured consumers that manufacturers would maintain the product quantities of 190 monitored basic necessities and prime commodities, ruling out "shrinkflation" among products covered by commitments to keep prices unchanged.

Asia to drive growth for Julius Baer as investors diversify amid US AI risks: CEO

Nov 4, 2026

Asia to drive growth for Julius Baer as investors diversify amid US AI risks: CEO

Private banking giant Julius Baer expects Asia to play a major role in its growth in the near term as investors seek diversification amid rising AI risks in the US, according to its chief executive. “The AI bubble is building and lots of people are very nervous about how much AI risk they have,” Julius Baer group CEO Stefan Bollinger said in an interview in Hong Kong on Tuesday. Investors who have long been “over-indexed” to the US dollar and US equities now face increased exposure, as...

PH factory slump deepens on weak sales, El Niño

Nov 4, 2026

PH factory slump deepens on weak sales, El Niño

MANILA, Philippines — Philippine factory activity contracted further in October as manufacturers grappled with weak demand at home and abroad, while unusually hot weather linked to the ongoing El Niño episode weighed on production. The country’s Purchasing Managers’ Index (PMI), a gauge of manufacturing activity, fell to 49.1 in October from 49.6 in September, according to

No challengers to P15-B Maynilad, K-Water proposal

Nov 4, 2026

No challengers to P15-B Maynilad, K-Water proposal

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) expects to award soon the P14.8-billion contract to operate the water and wastewater facilities in New Clark City to the original proponents, Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water). This, after the unsolicited project received no competing bids during the Swiss challenge period,

Razon, Ang groups lead waste-to-energy bids

Nov 4, 2026

Razon, Ang groups lead waste-to-energy bids

MANILA, Philippines — Companies backed by tycoons Enrique Razon Jr. and Ramon Ang are among the nine groups on track to secure contracts through the government’s special auction for waste-to-energy (WTE) projects, the Department of Energy (DOE) said. The DOE on Tuesday identified the potential winning bidders, with the auction round logging a combined offer capacity

Recommended