Thailand’s Tourism Sector Faces Prolonged Recovery Horizon

Thailand Business News - Nov 5, 2026

Thailand’s vital tourism sector faces an extended recovery timeline, with industry consensus suggesting the nation may not reclaim its pre-pandemic benchmark of 40 million annual foreign arrivals until 2031 or beyond.

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Breast Screening at these TMC Clinic is now covered by PhilHealth YAKAP

Nov 5, 2026

Breast Screening at these TMC Clinic is now covered by PhilHealth YAKAP

The Medical City Clinic (TMC Clinic) is making breast health screening more accessible with its  TriNoma and SM Mall of Asia (MOA) branches now accredited to provide digital mammography  under PhilHealth’s Yaman ng Kalusugan Program (YAKAP).  The accreditation gives eligible PhilHealth members access to the service at two convenient  mall locations, subject to applicable eligibility

Solar shift can cut off-grid power subsidies, study says

Nov 5, 2026

Solar shift can cut off-grid power subsidies, study says

MANILA, Philippines — The government should accelerate the shift from costly diesel power plants to solar with battery storage systems in off-grid areas. This change will cut power bills and prevent on-grid consumers from shouldering rising subsidy costs. According to a report from the Asian Photovoltaic Industry Association (APVIA), replacing diesel facilities with smaller solar

After US$474m gamble flops, what happens now to Elon Musk’s Tesla, SpaceX and China ties?

Nov 5, 2026

After US$474m gamble flops, what happens now to Elon Musk’s Tesla, SpaceX and China ties?

Elon Musk bet nearly half a billion dollars that political spending could keep Washington friendly to his sprawling business empire. On Tuesday, that bet came up short. As Democrats recaptured control of the US Congress in the midterm elections, the world’s richest man found himself facing an abruptly altered political landscape. After pouring a record-breaking US$474 million into political groups – overwhelmingly backing Republicans – Musk now faces a divided Washington keen to examine his...

Developing Country Debt Reaches Record $9.4 Trillion in 2025 Amid Rising Burdens on the Poorest Nations

Nov 5, 2026

Developing Country Debt Reaches Record $9.4 Trillion in 2025 Amid Rising Burdens on the Poorest Nations

Private creditors returned in force and bond markets reopened, but poorest countries’ borrowing faced highest costs in decades.

No Intel, no Qualcomm: Huawei unveils desktop built entirely with China-made components

Nov 5, 2026

No Intel, no Qualcomm: Huawei unveils desktop built entirely with China-made components

Huawei Technologies has launched its first desktop computer powered by its proprietary operating system, HarmonyOS, touting the device as “100 per cent domestically made” in its latest push for technological self-reliance. The Shenzhen-based company on Thursday unveiled its Qinyun HM650 series desktop computers for enterprise and government users, powered by the self-developed Kirin X90 processor, which debuted in Huawei’s consumer laptops and tablets last year. The tech giant said the new...

US borrowing outlook steadies after midterms, but Treasury yields face new tests: analysts

Nov 5, 2026

US borrowing outlook steadies after midterms, but Treasury yields face new tests: analysts

After the Democrats swept the US midterm elections, a divided government may help restrain future Treasury borrowing and prevent fresh deficit blowouts, though it will not necessarily bring down elevated bond yields, analysts say. The US Treasury Department unveiled its quarterly refunding statement on Wednesday, with market participants describing the overall borrowing outlook as largely neutral. Based on its projected financing needs, the Treasury said it expected to keep note and bond auction...

Rice inventory falls 8.3% in October as corn stocks rise -- PSA

Nov 5, 2026

Rice inventory falls 8.3% in October as corn stocks rise -- PSA

The country's rice inventory fell to 2.16 million metric tons (MT) in October, down 8.3% from the 2.35 million MT recorded in the same period last year, according to the latest data from the Philippine Statistics Authority (PSA).

Ayala Land nets P8.576 billion in Q3 2026

Nov 5, 2026

Ayala Land nets P8.576 billion in Q3 2026

Listed property developer and shopping center operator Ayala Land Inc. posted declines in its top and bottom line for the third quarter and year-to-date, as the company faced headwinds.

China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

Nov 5, 2026

China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion acquisition ‌of the robotics segment of engineering group ABB to go ahead, the Swiss firm said on Thursday. The case marks the second major deal blocked by China this year after Meta Platforms was ordered to unwind its US$2 billion-plus acquisition of artificial intelligence start-up Manus. The news comes as Beijing tightens scrutiny of foreign investment in domestic start-ups that are developing...

Water industry veteran Alikpala to lead Maynilad

Nov 5, 2026

Water industry veteran Alikpala to lead Maynilad

MANILA, Philippines — Maynilad Water Services, Inc. (Maynilad) has named Ramon Alikpala as its next president and chief executive officer effective Jan. 1, 2027, succeeding Ramoncito Fernandez, who will step down at the end of December. In a regulatory filing on Thursday, the water utility said Alikpala boasts a solid background in the water industry, having

Maharlika defers investment in Synergy Grid

Nov 5, 2026

Maharlika defers investment in Synergy Grid

Maharlika Investment Corporation confirmed that it has paused the proposed investment in Synergy Grid & Development Phils Inc. (SGP), amid the current conditions.

The Medical City marks 59 years with PH’s #1 rankings in cardiology, oncology, and global smart hospital recognition

Nov 5, 2026

The Medical City marks 59 years with PH’s #1 rankings in cardiology, oncology, and global smart hospital recognition

The Medical City (TMC) celebrates its 59th anniversary with three distinctions from Newsweek and Statista: No. 1 among Philippine hospitals in Cardiology in the Best Specialized Hospitals Asia Pacific 2026, No. 1 among Philippine hospitals in Oncology in the World’s Best Specialized Hospitals 2027, and recognition as the only Philippine hospital included in the World’s

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