SEC cracks down on FB page posing as licensed lender

Inquirer.net - Oct 13, 2026

MANILA, Philippines — The Securities and Exchange Commission (SEC) has ordered the operators of a Facebook (FB) page posing as Cash-Express Philippines Financing Inc. to stop unauthorized financing and lending activities, citing risks to borrowers’ money and personal information. The cease-and-desist order covers the persons or entities behind “Cash-Express Payday Loan,” along with their representatives, agents

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Mainland Chinese traders boost Hong Kong stock buying for 4th month as AI bets surge

Oct 13, 2026

Mainland Chinese traders boost Hong Kong stock buying for 4th month as AI bets surge

Mainland Chinese investors bought more Hong Kong stocks than they sold for a fourth consecutive month in September, with purchases accelerating despite persistent headwinds from elevated US Treasury yields and oil prices. Onshore traders poured a net HK$60.8 billion (US$7.7 billion) into Hong Kong’s stocks via the Stock Connect programme last month, up from HK$10.4 billion in August, according to financial data provider Wind. Net buying reached HK$134.1 billion in the third quarter. Mainland...

BIZ BUZZ: Pagcor scores wins vs gambling addiction

Oct 13, 2026

BIZ BUZZ: Pagcor scores wins vs gambling addiction

MANILA, Philippines — Alejandro Tengco, chair and chief executive officer of the Philippine Amusement and Gaming Corp. (Pagcor), has an extra spring in his step these days despite the prospect of lower revenues this year. That’s because Pagcor’s campaign to help patrons who feel they are developing a gambling problem is gaining ground. Tengco said

IMF says AI investment is giving Thailand’s technology supply chain a boost

Oct 13, 2026

IMF says AI investment is giving Thailand’s technology supply chain a boost

According to IMF the global surge in artificial intelligence investments is helping maintain economic growth around 3%, even amid an energy supply shock.

Chinese stocks an undervalued opportunity, says Charlie Munger disciple

Oct 13, 2026

Chinese stocks an undervalued opportunity, says Charlie Munger disciple

Shares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy amid tensions with the US and the ongoing artificial intelligence race. The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific. While stock markets in China and Hong...

CPF Philippines earmarks P300M for Tarlac poultry expansion

Oct 12, 2026

CPF Philippines earmarks P300M for Tarlac poultry expansion

MANILA, Philippines — Charoen Pokphand Foods Philippines Corp. (CPFPC) is spending up to P300 million to expand a poultry farm in Tarlac. The local unit of Thai conglomerate Charoen Pokphand Foods Public Co. Ltd. is amending its environmental compliance certificate (ECC) for a breeder poultry farm in the town of Pura to reflect CPFPC as the

Habagat, El Niño may hit farm output despite ample supply

Oct 12, 2026

Habagat, El Niño may hit farm output despite ample supply

MANILA, Philippines — Despite assurances of ample food supply, the Department of Agriculture (DA) said the southwest monsoon and a possible strong El Niño may affect local farm production in the second half of 2026. The DA did not provide specific estimates of the projected decline in output. Agriculture Secretary Francisco Tiu Laurel Jr. stated that the

Pork prices remain elevated despite tariff cuts

Oct 12, 2026

Pork prices remain elevated despite tariff cuts

MANILA, Philippines — Retail pork prices remained high despite lower tariffs on imported pork and declining hog prices, according to the Department of Agriculture (DA). Katrin Mares of the Department of Agriculture’s (DA) Policy Research Service said the agency noted a widening gap between retail and farm-gate prices, and that both consumers and local hog raisers

Hong Kong investors are warming to US Treasury bonds as yields hit 20-year high

Oct 12, 2026

Hong Kong investors are warming to US Treasury bonds as yields hit 20-year high

US Treasuries are looking increasingly attractive to Hong Kong investors after a prolonged sell-off pushed yields to multi-decade highs, prompting some strategists and wealth managers to recommend buying while others warned that further losses may lie ahead. The benchmark 10-year Treasury yield surged above 5.36 per cent on Wednesday, its highest in 24 years, before retreating to around 5.23 per cent on Thursday following strong demand at a US$22 billion auction of 30-year government...

Higher tax take unlikely to widen 2027 fiscal space, CPBRD warns

Oct 12, 2026

Higher tax take unlikely to widen 2027 fiscal space, CPBRD warns

MANILA, Philippines — Tax revenues could rise to P4.854 trillion in 2027 even under a slower economic growth outlook. However, the marginal gain would still be too small to expand the government’s fiscal space materially, the Congressional Policy and Budget Research Department (CPBRD) said. This projection is slightly higher than the Development Budget Coordination Committee’s (DBCC)

Can Vietnam Sustain Double-Digit Growth?

Oct 12, 2026

Can Vietnam Sustain Double-Digit Growth?

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DA pushes regional cooperation to secure food supplies

Oct 12, 2026

DA pushes regional cooperation to secure food supplies

MANILA, Philippines — Amid geopolitical challenges impacting agricultural production, the Department of Agriculture (DA) called for regional cooperation and enhanced market linkages to secure food supplies across Southeast Asia. Agriculture Secretary Francisco Tiu Laurel Jr. said establishing robust trade frameworks and mutual economic investments within ASEAN are crucial to bridging supply gaps during domestic production challenges.

MVP seals new shares in Meralco for P2.19B

Oct 12, 2026

MVP seals new shares in Meralco for P2.19B

MANILA, Philippines — San Miguel Global Power Holdings Corp. (SMGP) reported new gains of P2.19 billion after selling about a 0.33-percent stake in Manila Electric Co. (Meralco) to billionaire Manuel V. Pangilinan. In a regulatory filing, its parent firm, San Miguel Corp. (SMC), announced the closing of the sale of 3.77 million common shares in Meralco

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