Standard Chartered shares jump 8% after third-quarter earnings beat forecast

South China Morning Post - Oct 28, 2026

Standard Chartered’s third-quarter net profit rose 46 per cent as strong growth in wealth management and lower credit impairment buffered one of Hong Kong’s three note-issuing banks from provisions linked to geopolitical tensions. The bank’s shares jumped more than 8 per cent to HK$220.80 at 2pm on Wednesday following the release of the earnings report Net profit increased to US$1.5 billion, or 68.9 US cents per share, in the quarter that ended on September 30, compared with US$1.03 billion a...

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Closed fishing season for galunggong begins Nov. 1

Oct 28, 2026

Closed fishing season for galunggong begins Nov. 1

The annual three-month closed fishing season for round scad or galunggong will begin on November 1, the Bureau of Fisheries and Aquatic Resources (BFAR) Mimaropa announced.

Improper antibiotic dosing linked to resistant E. coli in meat -- DA

Oct 28, 2026

Improper antibiotic dosing linked to resistant E. coli in meat -- DA

Improper antibiotic dosing in livestock has contributed to the emergence of antibiotic-resistant E. coli bacteria, the Department of Agriculture (DA) said on Wednesday.

UK investor BII eyes LEC climate infra projects

Oct 28, 2026

UK investor BII eyes LEC climate infra projects

MANILA, Philippines — The British International Investment (BII) has expressed interest in financing priority climate infrastructure projects under the Luzon Economic Corridor as part of its broader $1.6-billion investment commitment to Southeast Asia. The Department of Finance (DOF) told the Inquirer that BII is eyeing projects in clean energy, transport, logistics, and industrial decarbonization as it

Imports remain subdued despite stronger demand for key goods

Oct 28, 2026

Imports remain subdued despite stronger demand for key goods

MANILA, Philippines — Philippine import activity remained subdued in the first nine months of the year despite stronger demand for several key commodities, according to the latest Bureau of Customs (BOC) data. Non-oil import volume rose only 1.3 percent to 81.77 billion kilograms (kg) from 80.72 billion kg in the same period last year. READ: BOC

World Bank funds P97.9M push to boost Bukidnon coffee

Oct 28, 2026

World Bank funds P97.9M push to boost Bukidnon coffee

MANILA, Philippines — A World Bank-funded initiative is providing P97.91 million for agricultural infrastructure, enterprise development, and water and irrigation to develop the coffee industry in the Daraghuyan Ancestral Domain in Bukidnon. The Department of Agriculture (DA) and WB aim to enhance farm-to-market access, post-harvest handling, processing capacity, and access to essential agricultural services in the

Aboitiz airports seen beating ‘25 passenger tally

Oct 28, 2026

Aboitiz airports seen beating ‘25 passenger tally

MANILA, Philippines — Aboitiz Infracapital Inc. (AIC) is confident it can surpass last year’s passenger traffic across its three airports, despite the lingering impact of the Middle East war on travel demand and airline operations. While growth may fall short of the company’s earlier expectations, AIC president and CEO Cosette Canilao said combined passenger traffic

SEC flags Casa Spoonful’s investment scheme

Oct 28, 2026

SEC flags Casa Spoonful’s investment scheme

MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned the public against investing in a restaurant franchise co-ownership scheme promising guaranteed monthly returns of up to 4 percent without requiring investors to manage a branch. In an advisory, the regulator said Spoonful DVO Food House, also known as Casa Spoonful and SG Horizon Corp.,

Peso continues freefall, from 63-64:$1 in 8 days

Oct 28, 2026

Peso continues freefall, from 63-64:$1 in 8 days

MANILA, Philippines — The Philippine peso fell past 64 per dollar for the first time on Tuesday, setting another record low as mounting economic uncertainty and external pressures fueled bets that the currency could weaken further to 65. The local unit lost 22 centavos to close at 64.17 versus the greenback, data from the Bankers Association

Higher airfares coming in early November

Oct 28, 2026

Higher airfares coming in early November

MANILA, Philippines — Travelers booking flights within and out of the Philippines in early November may have to shell out more for tickets, as the allowable fuel surcharge is set to rise again amid global jet fuel prices nearing the $200-per-barrel mark. In an advisory on Tuesday, the Civil Aeronautics Board (CAB) raised the allowable

2-GW LNG power facility rising at Aurora ecozone

Oct 28, 2026

2-GW LNG power facility rising at Aurora ecozone

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Maynilad shells out P10B for La Mesa dam upgrades

Oct 28, 2026

Maynilad shells out P10B for La Mesa dam upgrades

MANILA, Philippines — Maynilad Water Services Inc. (Maynilad) has spent nearly P10 billion to rehabilitate its La Mesa dam facilities as it gears up for drier weather brought by the super El Niño. The Pangilinan-led group said it has been conducting rehabilitation work over several years, allowing it to upgrade some key water infrastructure. READ: Maynilad

DMCI to challenge DOE-DENR order

Oct 28, 2026

DMCI to challenge DOE-DENR order

MANILA, Philippines — DMCI Holdings Inc. said the joint circular on awarding contracts involving the Philippines’ natural resources could be challenged in court, warning that the new policy could slow investment in the country’s mining sector. Isidro Consunji, chair and president of DMCI Holdings, said Joint Administrative Order (JAO) No. 2026-01, promulgated by the Department

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