Up to P4.20/liter gasoline rollback, P0.40/liter diesel hike seen next week

GMA Network - Oct 16, 2026

Motorists should expect mixed movements in fuel prices to be implemented in the coming week.

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DA seeks tollway help for farmers, consumers

Oct 16, 2026

DA seeks tollway help for farmers, consumers

MANILA, Philippines — The Department of Agriculture (DA) is seeking more support from tollway operators for an initiative to ease the impact of rising fuel costs on the farm sector and Filipino consumers. The agency refers to the rebate program for trucks transporting agricultural products, under which qualified beneficiaries can receive toll discounts. READ: Toll fees

Hong Kong’s IPO fraud clampdown sends shock waves across financial sector

Oct 16, 2026

Hong Kong’s IPO fraud clampdown sends shock waves across financial sector

Hong Kong regulators’ tough action to crack down on fraudulent activity in the initial public offering market is sending ripples across the city’s financial industry, with insiders predicting short-term turbulence as some listings are scaled back or even cancelled. Financial intermediaries and IPO sponsors in particular find themselves in a “difficult position”, as they are now expected to conduct deeper due diligence to ensure deals are free from distortions, sources told the South China...

Hong Kong investors most eager in Asia to beat markets – but temper return hopes: report

Oct 15, 2026

Hong Kong investors most eager in Asia to beat markets – but temper return hopes: report

Hong Kong investors are Asia’s most ambitious stock pickers, but they have much more subdued return expectations than regional peers swept up in enthusiasm over artificial intelligence, according to a survey by a global asset management firm. Some 95 per cent of Hong Kong respondents said they wanted to outperform the market, the highest proportion in Asia, where the average stood at 85 per cent, according to a survey conducted in August by Natixis Investment Managers. Hong Kong investors...

Thailand Faces a New Economic Test Nearly 30 Years After Its IMF Rescue

Oct 15, 2026

Thailand Faces a New Economic Test Nearly 30 Years After Its IMF Rescue

Thailand hosts the IMF-World Bank annual meetings in Bangkok this week, nearly three decades after the 1997 Asian financial crisis.

ASEAN Statement Calls on Nations to Safeguard Journalism Against Artificial Intelligence

Oct 15, 2026

ASEAN Statement Calls on Nations to Safeguard Journalism Against Artificial Intelligence

ASEAN countries adopted a Joint Declaration in Bali to protect journalistic works from unauthorized use by digital platforms and AI.

Gov’t eyes raising bioethanol blend to 15%

Oct 15, 2026

Gov’t eyes raising bioethanol blend to 15%

MANILA, Philippines — The government plans to raise the mandatory bioethanol blend in gasoline to 15 percent (E15) to help curb high fuel prices and boost domestic production, an energy official said. According to Department of Energy (DOE) undersecretary Alessandro Sales, the National Biofuels Board (NBB) has begun studying the possibility of increasing the blend to

BIR posts double-digit revenue growth in September 2026

Oct 15, 2026

BIR posts double-digit revenue growth in September 2026

MANILA, Philippines — The Bureau of Internal Revenue (BIR) recorded double-digit revenue growth in September 2026, with gross collections reaching P203.581 billion, an increase of P20.056 billion or 10.93 percent compared with the same month last year, based on preliminary data as of Oct. 13, 2026. “Our taxpayers are doing their part, and our revenuers are

PSEi rebounds to 5,663 on bargain hunting

Oct 15, 2026

PSEi rebounds to 5,663 on bargain hunting

MANILA, Philippines — Local stocks recovered on Thursday as investors snapped up bargains after two straight sessions of losses, with foreign buying helping lift the market. The benchmark Philippine Stock Exchange Index (PSEi) gained 0.82 percent, or 45.94 points, to close at 5,663.17. READ: PSEi falls to 5,617 as ICTSI tumbles Philstocks Financial Inc. said investors

ERC lifts capacity limits on new power plants to boost supply

Oct 15, 2026

ERC lifts capacity limits on new power plants to boost supply

MANILA, Philippines — Power producers can now propose larger generating facilities after regulators removed the capacity limit to boost the country’s electricity supply. The Energy Regulatory Commission (ERC) issued a resolution lifting the capacity limit of 600 megawatts (MW) per generating unit in Luzon, and 150 MW in the Visayas and Mindanao. READ: ERC imposes power

PCC fines onion importers a record P1.76-billion for alleged cartel behavior

Oct 15, 2026

PCC fines onion importers a record P1.76-billion for alleged cartel behavior

The PCC penalized several onion importers and traders for cartel behavior which led the price of local onion to surge to around P800 per kilo in 2022. They were fined a record P1.76 billion.

BIR misses end-Q3 revenue target

Oct 15, 2026

BIR misses end-Q3 revenue target

MANILA, Philippines — The Bureau of Internal Revenue (BIR) fell short of its revenue target for the first nine months of the year by P43 billion, though it still posted double-digit growth in September. As of Oct. 13, the latest data showed that the BIR collected P203.58 billion in September, an 11-percent jump from the

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