Economy

Chinabank earnings rise 12% to P22.6 billion
Nov 5, 2026

Chinabank earnings rise 12% to P22.6 billion

China Banking Corp. posted a 12-percent increase in net income to P22.6 billion in the first nine months, driven by stronger lending and improved margins from its core banking business....

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SEC OKs Philippines Green Equity guidelines
Nov 5, 2026

SEC OKs Philippines Green Equity guidelines

The Securities and Exchange Commission  has approved revised guidelines on Philippine Green Equity, transferring authority to evaluate applications and grant the label to the Philippine Stock Exchange...

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Globe backs new DICT chief’s priority agenda
Nov 5, 2026

Globe backs new DICT chief’s priority agenda

Globe Telecom Inc. is ready to support the priority agenda of the new chief of the Department of Information and Communications Technology (DICT), particularly on raising network reach and security gu...

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Solar shift can cut off-grid power subsidies, study says
Nov 5, 2026

Solar shift can cut off-grid power subsidies, study says

MANILA, Philippines — The government should accelerate the shift from costly diesel power plants to solar with battery storage systems in off-grid areas. This change will cut power bills and prevent o...

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Pritzker: Raising minimum wage an 'easy way' for Democrats to start in new Congress
Nov 5, 2026

Pritzker: Raising minimum wage an 'easy way' for Democrats to start in new Congress

Illinois Gov. JB Pritzker (D) said Wednesday that Democrats should pass legislation to raise the federal minimum wage on the heels of their midterm victories.  “Well, there’s an easy way to start. Let...

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House Democrat: 'We're going to have one hell of a donnybrook over ending these tariffs'
Nov 5, 2026

House Democrat: 'We're going to have one hell of a donnybrook over ending these tariffs'

Rep. Greg Stanton (D-Ariz.) said Wednesday that there is going to be a tough battle to end President Trump’s tariffs when Democrats take over Congress. “The president's policies, without any resistanc...

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Developing Country Debt Reaches Record $9.4 Trillion in 2025 Amid Rising Burdens on the Poorest Nations
Nov 5, 2026

Developing Country Debt Reaches Record $9.4 Trillion in 2025 Amid Rising Burdens on the Poorest Nations

Private creditors returned in force and bond markets reopened, but poorest countries’ borrowing faced highest costs in decades....

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JetBlue raises checked-bag fee again to 'help offset' operating costs
Nov 5, 2026

JetBlue raises checked-bag fee again to 'help offset' operating costs

Less than a year after raising its checked-bag fees, JetBlue is once again increasing those same charges for most travelers....

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Asia banks hit as funding costs, credit charges crimp profit
Nov 5, 2026

Asia banks hit as funding costs, credit charges crimp profit

Leaders of lenders warn of a tougher road ahead, given geopolitical risks and higher energy prices...

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Rice inventory falls 8.3% in October as corn stocks rise -- PSA
Nov 5, 2026

Rice inventory falls 8.3% in October as corn stocks rise -- PSA

The country's rice inventory fell to 2.16 million metric tons (MT) in October, down 8.3% from the 2.35 million MT recorded in the same period last year, according to the latest data from the Philippin...

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