Economy

Soaring fuel costs leave PAL with $159-M loss
Nov 5, 2026

Soaring fuel costs leave PAL with $159-M loss

MANILA, Philippines — Philippine Airlines (PAL) remained in the red in the first nine months of 2026, as skyrocketing fuel costs due to the Middle East conflict wiped out its modest revenue gains desp...

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MVP-led Kayana takes reins of Bayad Center
Nov 5, 2026

MVP-led Kayana takes reins of Bayad Center

MANILA, Philippines — Kayana Solutions Inc., a company led by tycoon Manuel V. Pangilinan, has completed a P2.7-billion transaction to take full control of payment services provider CIS Bayad Center I...

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Core bottom line of Ayala Group’s IMI jumped 52%
Nov 5, 2026

Core bottom line of Ayala Group’s IMI jumped 52%

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) reported a 52-percent increase in third-quarter core net income to $24.1 million from $15.8 million a year earlier, supported by...

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A leader for today
Nov 5, 2026

A leader for today

Today, we need a leader who can inspire us to address and overcome the difficult challenges we face. Unfortunately, one such leader to follow and be a model for others to emulate passed away on Oct. 3...

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Peza raises 2027 goal; new record within reach
Nov 5, 2026

Peza raises 2027 goal; new record within reach

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) is looking to set a much higher investment target for 2027, as it moves closer to surpassing its all-time record for annual investme...

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Bank of Thailand Plans Tighter Rules for Buy Now, Pay Later Services
Nov 5, 2026

Bank of Thailand Plans Tighter Rules for Buy Now, Pay Later Services

The Bank of Thailand (BOT) plans to tighten controls on Buy Now, Pay Later (BNPL) services from December, aiming to curb debt risks...

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UnionBank ready to inject capital into UnionDigital
Nov 5, 2026

UnionBank ready to inject capital into UnionDigital

MANILA, Philippines — Union Bank of the Philippines is prepared to inject fresh capital into its digital banking unit, UnionDigital Bank, if the Bangko Sentral ng Pilipinas (BSP) rejects its request f...

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PH seen missing 2032 nuclear power target 
Nov 5, 2026

PH seen missing 2032 nuclear power target 

MANILA, Philippines — The Philippines is setting the stage for local nuclear development, but the government may miss its 2032 target to generate the first kilowatt from the technology, an official of...

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ERC grills firms over VisMin outages
Nov 5, 2026

ERC grills firms over VisMin outages

MANILA, Philippines — The Energy Regulatory Commission (ERC) has started to clamp down on generation companies (gencos), including those owned by energy giants, due to ongoing electricity supply issue...

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Cheap imports didn’t lower pork prices—Sinag
Nov 5, 2026

Cheap imports didn’t lower pork prices—Sinag

MANILA, Philippines — Amid mixed reactions to the Department of Agriculture’s (DA) proposal to restore pork tariffs, the Samahang Industriya ng Agrikultura (Sinag) said cheaper imported pork has faile...

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