Up to P3/liter gasoline hike, P0.60 diesel rollback seen next week

GMA Network - Oct 30, 2026

Motorists should expect mixed movements in pump prices next week.

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Traders await Hong Kong’s marquee financial summit: a good omen for stocks?

Oct 30, 2026

Traders await Hong Kong’s marquee financial summit: a good omen for stocks?

Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city’s stock market while underscoring its standing as a global financial hub. The annual Global Financial Leaders’ Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on...

New chapter in creative design begins in Hong Kong

Oct 30, 2026

New chapter in creative design begins in Hong Kong

[The content of this article has been produced by our advertising partner.] With its upcoming flagship exhibition DesignInspire 2026, the Hong Kong Trade Development Council (HKTDC) will offer trade professionals to design enthusiasts and members of the public the opportunity to view and experience the design ideas and influences shaping our living environment.    Co-organised by the Hong Kong Design Centre and with the Cultural and Creative Industries Development Agency (CCIDA) as lead sponsor,...

As Anthropic eyes a mega-IPO, why are Chinese tech valuations so far behind?

Oct 29, 2026

As Anthropic eyes a mega-IPO, why are Chinese tech valuations so far behind?

The artificial intelligence boom in the United States is set to raise corporate valuations even higher as Anthropic prepares for a public listing, reinforcing the dominance of American companies among the world’s most valuable firms and widening the gap with Chinese firms. Anthropic, valued at US$965 billion in its most recent funding round, is targeting an IPO valuation of US$1.5 trillion to US$2 trillion. Achieving that target would easily secure it a spot among the world’s 20 largest publicly...

Weak infra spending to keep cement demand flat

Oct 29, 2026

Weak infra spending to keep cement demand flat

MANILA, Philippines — An umbrella group of cement manufacturers in the Philippines expects cement demand to finish the year flat, as construction activity across public and private projects remains sluggish. Reinier Dizon, president of the Cement Manufacturers Association of the Philippines (Cemap), said cement demand from January to September was down 2 to 3 percent from

EU nations vow to release 42.6M barrels of oil after G7 pledge

Oct 29, 2026

EU nations vow to release 42.6M barrels of oil after G7 pledge

Eleven European countries pledged Thursday to jointly release 42.6 million barrels of oil by the end of January, in line with a G7 deal struck this month to ease global energy supply concerns.

Michelin Guide awards new PH star

Oct 29, 2026

Michelin Guide awards new PH star

MANILA, Philippines — A new Michelin-starred restaurant has arrived in town, as the prestigious dining guide unveiled its second Philippine edition on Thursday, bringing the country’s roster of Michelin-starred establishments to 10. Flow, a fine-dining restaurant along Chino Roces Avenue in Makati, was the lone newcomer to the coveted one-star category, joining eight other establishments

How ASEAN+3 Can Build Resilience to Energy Shocks

Oct 29, 2026

How ASEAN+3 Can Build Resilience to Energy Shocks

Governments should prioritize targeted support over broad subsidies to preserve fiscal resources for future shocks

Aboitiz Power 9-mo profit rises to P26.2B

Oct 29, 2026

Aboitiz Power 9-mo profit rises to P26.2B

MANILA, Philippines — Aboitiz Power Corp. posted a 13-percent jump in its bottom line from January to September, driven by a stronger electricity generation segment. The group’s net income rose to P26.2 billion from P23.3 billion in the same period last year. Core earnings also climbed 11 percent to P25.5 billion from P23.1 billion. READ:

AUB’s 9-month profit growth slows on trading losses

Oct 29, 2026

AUB’s 9-month profit growth slows on trading losses

MANILA, Philippines — Asia United Bank (AUB) posted a record net income of P9.4 billion in the first nine months of 2026, nearly unchanged from a year earlier, as trading losses tempered growth in lending and fee-based earnings. The bank and its subsidiaries’ earnings edged up 0.3 percent, translating into a return on equity of 18

PH assured of coal supply despite Indonesia’s gas export cuts

Oct 29, 2026

PH assured of coal supply despite Indonesia’s gas export cuts

MARINA BAY, Singapore — The Philippine government has maintained confidence in its coal supply deal with Indonesia, even as Indonesia cuts its gas exports to Singapore. For her part, Secretary Sharon Garin of the Department of Energy (DOE) assured that both parties will honor their coal contracts, even as Indonesia revises its export rules to

PSEi rebounds to 5,705 on bargain hunting

Oct 29, 2026

PSEi rebounds to 5,705 on bargain hunting

MANILA, Philippines — Local stocks recovered on Thursday as investors bought shares after the previous day’s decline, with gains on Wall Street also lifting sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.92 percent, or 52.03 points, to close at 5,705.58.  READ: Inflation fears drag PSEi down 1.87% The broader all-shares index added 0.38 percent.

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