Economy

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...

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Warren asks DOJ to investigate Bank of America over money laundering violations
Oct 29, 2026

Warren asks DOJ to investigate Bank of America over money laundering violations

Democratic Sen. Elizabeth Warren (D-Mass.) on Thursday urged the Department of Justice (DOJ) to launch a criminal investigation into Bank of America for its violations of anti-money laundering laws. I...

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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
Oct 29, 2026

In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data....

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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...

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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 len...

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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 ...

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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 E...

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Marcos approval sought for revised Samal-Davao connector project
Oct 29, 2026

Marcos approval sought for revised Samal-Davao connector project

MANILA, Philippines —A Cabinet-level government body approved restructuring the ongoing Samal Island-Davao City Connector (SIDC) project, which aims to improve connectivity and expand economic opportu...

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Finland launches criminal probe into land clearance for Google data center
Oct 29, 2026

Finland launches criminal probe into land clearance for Google data center

Finnish police said on Thursday they had launched a criminal investigation into suspected breaches of environmental law at the construction site of a planned Google data center....

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Dali operator slips into capital deficit
Oct 29, 2026

Dali operator slips into capital deficit

MANILA, Philippines — The operator of discount grocery chain Dali Everyday Grocery returned to a P1.03 billion capital deficit in 2025, as mounting losses prompted its auditor to flag uncertainty abou...

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