Economy

Peso climbs back to P62-to-$1 level on US Democratic sweep
Nov 5, 2026

Peso climbs back to P62-to-$1 level on US Democratic sweep

The Philippine peso rallied back to the P62-to-one dollar level on Thursday amid optimism that the US-Iran war would end soon following the United States midterm elections "Democratic sweep."...

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October inflation surges to 7.8%
Nov 5, 2026

October inflation surges to 7.8%

MANILA, Philippines — Consumer prices grew 7.8 percent from a year earlier in October, driven by faster increases in transport costs and pricier utilities. The latest inflation rate was higher than th...

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Tech firm Amihan investing $1M build pool of AI engineers for PH
Nov 5, 2026

Tech firm Amihan investing $1M build pool of AI engineers for PH

Technology company Amihan Global Strategies is investing about $1 million for its newly launched Forward Deployed Engineer (FDE) Academy, which aims to pool of 1,000 to 2,000 local professionals and p...

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Ayala Land builds resilience as recurring income gains ground
Nov 5, 2026

Ayala Land builds resilience as recurring income gains ground

Ayala Land Inc. is strengthening its recurring-income businesses as a growing source of stability amid economic headwinds and challenges in the property sector, with leasing and hospitality revenues r...

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Maharlika eyes up to 3 more investments worth P4B before year-end
Nov 5, 2026

Maharlika eyes up to 3 more investments worth P4B before year-end

The Maharlika Investment Corp. (MIC), which manages the Philippines' sovereign wealth fund, is eyeing up to three more investments before the end of 2026, potentially bringing its total capital deploy...

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UBS cuts about 200 London jobs as Credit Suisse fusion ends
Nov 5, 2026

UBS cuts about 200 London jobs as Credit Suisse fusion ends

The reductions are across the bank’s units, including wealth management and investment banking, sources say...

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Stocks surge, oil tumbles after Trump’s election rout
Nov 5, 2026

Stocks surge, oil tumbles after Trump’s election rout

NEW YORK, United States — Wall Street stocks surged Wednesday as markets greeted the resolution of US midterm elections while oil prices tumbled on expectations the Democratic sweep could hasten a res...

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Malampaya Phase 4 achieves first gas delivery
Nov 5, 2026

Malampaya Phase 4 achieves first gas delivery

Phase 4 of the Malampaya Project reached its first gas milestone, marking the official connection of two new wells near Palawan to the Luzon grid....

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Weaker peso to affect PH rice importation, says PCAFI 
Nov 5, 2026

Weaker peso to affect PH rice importation, says PCAFI 

The country"s rice importation is expected to be affected by the weakening of the Philippine peso against the US dollar, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said Thursday....

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Maynilad nets P12.6B in Jan.-Sept. 2026, up 10.2%
Nov 5, 2026

Maynilad nets P12.6B in Jan.-Sept. 2026, up 10.2%

Maynilad Water Services saw a 10.2% increase in its bottom line in the first nine months of 2026....

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