Up to P1/liter diesel rollback, over P2/liter hike in gasoline expected next week

GMA Network - Oct 31, 2026

Mixed movements in fuel prices are expected to be implemented in the coming week.

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Thailand September Exports Surge 24% on Electronics and US Demand

Oct 30, 2026

Thailand September Exports Surge 24% on Electronics and US Demand

Thailand’s exports rose 24.0% year on year to US$38.4 billion in September 2026, driven by electronics, US demand, and Asian markets.

Asian property firms shift from owning more to earning more

Oct 30, 2026

Asian property firms shift from owning more to earning more

MANILA, Philippines – Major property companies across Asia are selling mature assets to fund new investments, reduce debt, and expand recurring-income businesses. The strategy reflects a shift in how developers measure success: less by the size of their portfolios and more by the returns they generate. Known as capital recycling, the approach allows developers to

Japan's beleaguered shoppers are a worry for convenience stores and the economy

Oct 30, 2026

Japan's beleaguered shoppers are a worry for convenience stores and the economy

TOKYO - Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work. Now she drives more than 30 minutes on weekends to a discount supermarket to buy groceries in bulk -- one of a growing number of consumers shifting their shopping habits as prices rise.

Philex core profit jumps 56% on lofty metal prices

Oct 30, 2026

Philex core profit jumps 56% on lofty metal prices

MANILA, Philippines — Elevated gold and copper prices drove a 56-percent surge in Philex Mining Corp.’s core earnings in the third quarter, more than offsetting a decline in production. On Friday, the mining company reported in a disclosure that core net income of P537 million from July to September, up from P344 million in the same

EastWest 9-month profit falls 24% to P5B

Oct 30, 2026

EastWest 9-month profit falls 24% to P5B

MANILA, Philippines — East West Banking Corp.’s net income fell by 24.2 percent to P5 billion in the first nine months of 2026 from P6.6 billion a year earlier, as heightened credit risks weighed on otherwise stronger operations. On Friday, the Gotianun family-led bank said it booked P15.9 billion in provisions for expected credit losses, citing

PCC fines MVP-linked firms P5.8M for late merger reports

Oct 30, 2026

PCC fines MVP-linked firms P5.8M for late merger reports

MANILA, Philippines — Two companies linked to tycoon Manuel V. Pangilinan received a P5.8-million fine for repeatedly missing the reporting deadlines that the Philippine Competition Commission (PCC) imposed as part of a merger clearance. According to the antitrust watchdog, it found Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGen) liable for violating the

NGCP opposes DOE transmission circulars

Oct 30, 2026

NGCP opposes DOE transmission circulars

MANILA, Philippines — The National Grid Corp. of the Philippines (NGCP) is seeking the withdrawal of two government circulars aimed at accelerating power project integration, saying these violate its exclusive mandate over the country’s transmission network. In a position paper, the local market’s sole grid operator expressed its “vehement opposition” to the circulars released by the

Looming oil price surge pulls PSEi back to 5,600

Oct 30, 2026

Looming oil price surge pulls PSEi back to 5,600

MANILA, Philippines — Local stocks fell on Friday as rising global oil prices and concerns over escalating tensions in the Middle East dampened investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 0.44 percent, or 25.23 points, to close at 5,680.35. The broader all-shares index declined by 0.51 percent. READ: US could strike Iran this weekend,

PXP Energy’s Jan-Sept net loss widens to P39.5M

Oct 30, 2026

PXP Energy’s Jan-Sept net loss widens to P39.5M

MANILA, Philippines — Pangilinan-led PXP Energy Corp., an upstream oil and gas firm, slightly deepened its net losses in the first nine months due to higher interest expenses and foreign exchange losses. The company said in a statement on Friday that its net loss attributable to equity holders of the parent firm increased 4 percent to

SMPC’s profit jumps to P11B despite losses in coal

Oct 30, 2026

SMPC’s profit jumps to P11B despite losses in coal

MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) booked stronger earnings in the first nine months, even as its coal business suffered losses in the third quarter. The Consunji-led group reported Friday that its consolidated net income rose by 11 percent to P11 billion from P9.9 billion in the same period last year. Its power

PPI: No ‘persecution’ in libel case against ex-DA chief

Oct 30, 2026

PPI: No ‘persecution’ in libel case against ex-DA chief

MANILA, Philippines — Agricultural company Planters Products Inc. (PPI) stood firm on complaints it had leveled against former Agriculture Secretary Leonardo Montemayor, who had questioned the legality of the company’s rice imports. In a statement on Friday, PPI legal counsel and spokesperson Czarina Quintanilla-Raz rejected Montemayor’s portrayal of the case as “persecution.” They insisted that the

PH pushes wider social security coverage for freelancers

Oct 30, 2026

PH pushes wider social security coverage for freelancers

MANILA, Philippines — The Social Security System (SSS) is partnering with the Department of Information and Communications Technology to expand social security coverage for an estimated 1.5 million freelancers and virtual assistants in the Philippines. The two agencies signed a memorandum of understanding on Oct. 21 to promote social security membership and compliance among workers in

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