US midterm results may cut fuel prices by up to P13.50/L

Inquirer.net - Nov 6, 2026

MANILA, Philippines — Motorists will breathe a sigh of relief next week as fuel prices may drop amid renewed optimism that the Middle East war will end after Democrats won control of the United States (US) Congress.   Jetti Petroleum president Leo Bellas said gasoline prices may significantly drop by P12.50 to P13.50 per liter starting

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PH manufacturing growth accelerates to 9% in September 2026

Nov 6, 2026

PH manufacturing growth accelerates to 9% in September 2026

Philippine manufacturing growth quickened for the second straight month in September, driven by faster output growth in petroleum products, basic metals, and transport equipment, government data released on Friday showed.

HKEX posts first quarterly profit decline in over 2 years as Hong Kong market cools

Nov 6, 2026

HKEX posts first quarterly profit decline in over 2 years as Hong Kong market cools

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 per cent compared with the previous quarter. Net profit for the three months to September fell 1 per cent year on year to HK$4.859 billion (US$620 million), or HK$3.84 per share, missing analysts’ estimates of HK$5 billion, according to an exchange filing on...

Thailand Business News — Morning Briefing

Nov 6, 2026

Thailand Business News — Morning Briefing

South Korean and other Asian technology markets suffered a severe sell-off on Friday, 6 November, following Wall Street's largest technology-led decline in more than a year.

Asian Tech and Equity Markets Suffer Massive Losses from AI Rout

Nov 6, 2026

Asian Tech and Equity Markets Suffer Massive Losses from AI Rout

Because Asian tech economies host the core manufacturing backbone for global AI hardware, the region has borne the brunt of the global sell-off:

Peso, stocks stage relief rally on US election results

Nov 6, 2026

Peso, stocks stage relief rally on US election results

MANILA, Philippines — The Philippine peso extended its rally on Thursday, strengthening to the 62-per-dollar level as a sweeping Democratic victory in the US midterm elections sent the greenback, oil prices and Treasury yields lower. Philippine shares also ended higher, buoyed by optimism over a possible end to the war in the Middle East. READ:

Maharlika plans up to P4B in fresh investments

Nov 6, 2026

Maharlika plans up to P4B in fresh investments

MANILA, Philippines — Maharlika Investment Corp. (MIC), the manager of the Philippines’ sovereign wealth fund, plans to invest as much as P4 billion in the coming months as it expands its portfolio across key sectors of the economy, its top official said. At a press conference on Thursday, MIC President and CEO Rafael Jose Consing Jr.

DOT seeks China visa-free extension 

Nov 6, 2026

DOT seeks China visa-free extension 

MANILA, Philippines — Visitor arrivals from China jumped nearly 70 percent this year, a rebound the Department of Tourism (DOT) largely attributes to the 14-day visa-free entry arrangement for Chinese nationals, which it hopes to extend before its expiration in 2027. Latest DOT data showed that arrivals from China reached 394,394 from Jan. 1 to

New corridor eyed for ‘super intelligence’ projects

Nov 6, 2026

New corridor eyed for ‘super intelligence’ projects

MANILA, Philippines — The Philippines plans to introduce a technology corridor to attract investments across the “super intelligence” value chain, from the minerals that power these advanced technologies to the data centers that support them. Dubbed the Super Intelligence, Knowledge and Advanced Technology Corridor (Sikat), the project is envisioned to stretch from Batangas to Mindanao and

Ayala Land earnings slid 18% to P17.5B in January to September

Nov 6, 2026

Ayala Land earnings slid 18% to P17.5B in January to September

MANILA, Philippines — Ayala Land Inc. (ALI) suffered from weaker property development, with its net income in the first nine months slipping by 18 percent to P17.5 billion from a year ago’s P21.4 billion. The property giant said its total revenues from January to September reached P109.2 billion, down 10 percent from the previous P121.8

Metrobank 9-month bottom line eases to P36 billion

Nov 6, 2026

Metrobank 9-month bottom line eases to P36 billion

MANILA, Philippines — Metropolitan Bank & Trust Co. (Metrobank) saw its earnings dip in the first nine months of 2026, weighed down by weaker trading gains, higher provisions and operating costs. The group said Thursday its net income attributable to equity holders of the parent company eased down by 2.6 percent to P36.33 billion from

Maynilad allots P27.5B for capex in 2027

Nov 6, 2026

Maynilad allots P27.5B for capex in 2027

MANILA, Philippines — Maynilad Water Services Inc. (Maynilad) is bullish about keeping its strong financial position in 2027 despite the threat of super El Niño, as the group fortifies its network now while giving an additional P27.5-billion capital boost for next year. At a media briefing, chief financial officer Ricardo Delos Reyes said Maynilad has “no

Earthquake dragged down Century Pacific Food profit

Nov 6, 2026

Earthquake dragged down Century Pacific Food profit

MANILA, Philippines — Century Pacific Food remained optimistic about ending the year strong despite earthquake-related losses dragging down its net income in the first three quarters. On Thursday, the company said its net profit after tax reached P5.15 billion in the January-to-September period, down 11 percent from P5.78 billion a year ago. READ: Century Pacific

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