UK's development finance arm BII targets $1.6-billion climate funding for PH, ASEAN

GMA Network - Oct 12, 2026

British International Investment (BII) committed to $1.6 billion in climate financing in Southeast Asian economies over the next five years to support the shift to renewable energy.

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USDA lowers forecast on PH 2026-27 sugar production

Oct 12, 2026

USDA lowers forecast on PH 2026-27 sugar production

The United States Department of Agriculture (USDA) has lowered its forecast on the Philippines' raw sugar production for marketing year (MY) 2026 to 2027, citing several factors including the threat of El Niño.

Marcos back in Manila after Singapore visit

Oct 12, 2026

Marcos back in Manila after Singapore visit

MANILA, Philippines — President Ferdinand Marcos Jr. returned to Manila early Monday after a five-day working visit to Singapore, citing investment plans and expanded trade opportunities as key gains from his trip. The aircraft carrying the Philippine delegation landed at Villamor Air Base in Pasay City at 1:54 a.m. READ: Marcos renews pitch for nuclear energy

Former HSBC executive launches wealth platform powered by team of AI agents

Oct 12, 2026

Former HSBC executive launches wealth platform powered by team of AI agents

A former top executive at HSBC has launched an artificial intelligence-driven wealth management start-up, setting her sights on a billion-dollar valuation and betting that AI can transform how individuals manage their investments and finances. Trista Sun, formerly a managing director in the international wealth and premier banking division at HSBC, said in an interview last week that her venture Equora aimed to help investors manage their finances “proactively” with AI agents, addressing...

China bets on molten salt and CO2 to help meet its power needs

Oct 12, 2026

China bets on molten salt and CO2 to help meet its power needs

China has begun building the world’s first utility-scale power plant combining two emerging technologies: supercritical carbon dioxide (CO2) generation and large-scale molten salt energy storage. The Ruitan project, under construction at a coal-fired power station in Yantai in eastern China’s Shandong province, is intended to demonstrate how combining these technologies can reduce energy wastage and improve the stability of the electrical grid. Electricity produced when demand is low is stored...

Brake-pedal failures in luxury EV put Chinese cars’ quality in regulatory spotlight

Oct 12, 2026

Brake-pedal failures in luxury EV put Chinese cars’ quality in regulatory spotlight

A safety failure spotted in tests of a Chinese electric vehicle (EV) made by a Huawei Technologies-backed luxury brand has raised doubts about the cars many consumers view as a source of national pride, and prompted regulators to step up policing of quality and reliability. The Ministry of Industry and Information Technology, along with three other ministry-level departments, published draft rules on Saturday that would govern testing of new car models. The move came after a video released on...

Beijing police detain Yiren Digital chairman after massive product defaults

Oct 12, 2026

Beijing police detain Yiren Digital chairman after massive product defaults

Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female...

Adidas CEO taps outdoor sport, street dance as new China growth drivers in fierce market

Oct 12, 2026

Adidas CEO taps outdoor sport, street dance as new China growth drivers in fierce market

German sportswear giant Adidas is bent on new fashionable outdoor and street dance apparel to sustain its growth in China amid heightened competition against domestic and international rivals, according to its CEO Bjorn Gulden. “We see that there’s a running boom and an outdoor boom [in China],” he told reporters in a media briefing in Shanghai on Sunday. “We see new sports like street dance [becoming] new activities that look to be relevant for the young people in the universities.” He said...

Thailand’s new entry fee and departure tax could raise travel costs for foreign tourists by nearly $80

Oct 12, 2026

Thailand’s new entry fee and departure tax could raise travel costs for foreign tourists by nearly $80

Thailand is introducing two new tourism fees: a 450-baht entry fee starting in the first quarter of 2027, and a 1,000-baht departure tax for all air travelers.

Hong Kong’s workers fear AI-driven retirement disruptions, only 20% feel prepared: survey

Oct 12, 2026

Hong Kong’s workers fear AI-driven retirement disruptions, only 20% feel prepared: survey

More than half of Hong Kong’s working adults believe artificial intelligence will make their retirement path more unpredictable than previous generations, yet only one in five feel financially prepared for the shift, according to a survey by global asset manager T. Rowe Price. About 55 per cent of the 1,004 Hong Kong residents surveyed – all 30 or older and earning at least HK$15,000 (US$2,239) per month – said they expected AI-driven disruptions to destabilise their long-term career and income...

China’s factories leaping straight into agentic AI and taking it global: Black Lake CEO

Oct 12, 2026

China’s factories leaping straight into agentic AI and taking it global: Black Lake CEO

China’s manufacturing sector is leapfrogging straight into the era of agentic artificial intelligence and is now exporting that playbook to global supply chains, according to the CEO of Black Lake, a Chinese provider of cloud-based AI tools for factories. “Just as China skipped credit cards and jumped directly to mobile payments, many factories are skipping full traditional digitalisation and jumping directly to AI agents,” Zhou Yuxiang said in a recent interview with the South China Morning...

Diesel prices down P3.01/liter, gasoline up P1.56 on Oct. 13

Oct 12, 2026

Diesel prices down P3.01/liter, gasoline up P1.56 on Oct. 13

Motorists will see mixed fuel price adjustments beginning Tuesday, October 13, with diesel prices dropping by P3.01 per liter and gasoline prices increasing by P1.56 per liter, the Department of Energy (DOE) said Monday.

Remulla asks SC to review doctrine requiring main plunderer, says it shields the guilty

Oct 12, 2026

Remulla asks SC to review doctrine requiring main plunderer, says it shields the guilty

Ombudsman Jesus Crispin Remulla on Monday urged the Supreme Court (SC) to review the doctrine requiring the identification of a main plunderer in plunder cases, calling it not justice but a shield for the guilty.

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