Economy

DoubleDragon profit soars to P3.91 billion from January to September
Oct 30, 2026

DoubleDragon profit soars to P3.91 billion from January to September

DoubleDragon Corp., the listed property business of Edgar “Injap” Sia II and Tony Tan Caktiong, has nearly quadrupled its profit, fueled by strong overseas projects that generate dollar revenues....

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Shares tumble, peso gains ahead of Undas break
Oct 30, 2026

Shares tumble, peso gains ahead of Undas break

Investors yesterday made sure to cash in profits before heading into the Undas break, having no motivation to buy more due to uncertainties on the economic front....

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FDA sounds alarm over illicit sale of squishy toys
Oct 30, 2026

FDA sounds alarm over illicit sale of squishy toys

In August, the United States’ Consumer Product Safety Commission also warned consumers about fake squishy toys that could be choking hazards due to their materials. The CPSC explained that some squish...

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Moody’s cuts Philippine 2026 growth forecast to 3.3 percent
Oct 30, 2026

Moody’s cuts Philippine 2026 growth forecast to 3.3 percent

Moody’s Ratings has further trimmed its Philippine growth forecast for 2026 to 3.3 percent from 3.6 percent previously as elevated energy prices and weak investment continue to weigh on economic activ...

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PH pushes wider social security coverage for freelancers
Oct 30, 2026

PH pushes wider social security coverage for freelancers

MANILA, Philippines — The Social Security System (SSS) is partnering with the Department of Information and Communications Technology to expand social security coverage for an estimated 1.5 million fr...

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North Korea linked to $6.3B Binance hack
Oct 30, 2026

North Korea linked to $6.3B Binance hack

A North Korea-based cybercrime group appears to be behind a $6.3 billion hack of the cryptocurrency exchange Binance, according to two blockchain intelligence firms. Both TRM Labs and Chainalysis tied...

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New federal rule requires drug intermediaries to disclose how they're paid
Oct 30, 2026

New federal rule requires drug intermediaries to disclose how they're paid

The companies that manage billions of dollars in prescription drug spending for employers and workers will soon be required to inform their clients all the different ways they get paid under a new rul...

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From Stars to Bib Gourmand: How the Michelin Guide Judges Food
Oct 30, 2026

From Stars to Bib Gourmand: How the Michelin Guide Judges Food

MANILA, Philippines — Makati-based fine-dining restaurant FLOW received a Michelin Star on October 29, joining the growing list of Michelin-starred restaurants in the Philippines. The Filipino-Peruvia...

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Moody’s: Strong BSP oversight shields PH banks from risks
Oct 30, 2026

Moody’s: Strong BSP oversight shields PH banks from risks

MANILA, Philippines — Philippine banks remain healthy and well-capitalized despite mounting economic challenges, supported by strong regulatory oversight from the Bangko Sentral ng Pilipinas (BSP), Mo...

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Telco eyes connectivity integration in property development masterplans
Oct 30, 2026

Telco eyes connectivity integration in property development masterplans

One of the country’s major telecommunications firms is pushing for the early integration of telecommunications infrastructure in residential, commercial. and mixed-use developments....

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