Economy

Federal debt surpassed GDP for fiscal 2026
Oct 30, 2026

Federal debt surpassed GDP for fiscal 2026

The national debt topped the entire gross domestic product (GDP) for fiscal 2026, according to new data from the Bureau of Economic Analysis (BEA). From the fourth quarter of 2025 through the third qu...

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Japan's beleaguered shoppers are a worry for convenience stores and the economy
Oct 30, 2026

Japan's beleaguered shoppers are a worry for convenience stores and the economy

TOKYO - Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work. Now she drives more than 30 minutes on weekends to a discount supermarket to buy groceries in bulk -...

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Philex core profit jumps 56% on lofty metal prices
Oct 30, 2026

Philex core profit jumps 56% on lofty metal prices

MANILA, Philippines — Elevated gold and copper prices drove a 56-percent surge in Philex Mining Corp.’s core earnings in the third quarter, more than offsetting a decline in production. On Friday, the...

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EastWest 9-month profit falls 24% to P5B
Oct 30, 2026

EastWest 9-month profit falls 24% to P5B

MANILA, Philippines — East West Banking Corp.’s net income fell by 24.2 percent to P5 billion in the first nine months of 2026 from P6.6 billion a year earlier, as heightened credit risks weighed on o...

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PCC fines MVP-linked firms P5.8M for late merger reports
Oct 30, 2026

PCC fines MVP-linked firms P5.8M for late merger reports

MANILA, Philippines — Two companies linked to tycoon Manuel V. Pangilinan received a P5.8-million fine for repeatedly missing the reporting deadlines that the Philippine Competition Commission (PCC) i...

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NGCP opposes DOE transmission circulars
Oct 30, 2026

NGCP opposes DOE transmission circulars

MANILA, Philippines — The National Grid Corp. of the Philippines (NGCP) is seeking the withdrawal of two government circulars aimed at accelerating power project integration, saying these violate its ...

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Looming oil price surge pulls PSEi back to 5,600
Oct 30, 2026

Looming oil price surge pulls PSEi back to 5,600

MANILA, Philippines — Local stocks fell on Friday as rising global oil prices and concerns over escalating tensions in the Middle East dampened investor sentiment. The benchmark Philippine Stock Excha...

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PXP Energy’s Jan-Sept net loss widens to P39.5M
Oct 30, 2026

PXP Energy’s Jan-Sept net loss widens to P39.5M

MANILA, Philippines — Pangilinan-led PXP Energy Corp., an upstream oil and gas firm, slightly deepened its net losses in the first nine months due to higher interest expenses and foreign exchange loss...

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SMPC’s profit jumps to P11B despite losses in coal
Oct 30, 2026

SMPC’s profit jumps to P11B despite losses in coal

MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) booked stronger earnings in the first nine months, even as its coal business suffered losses in the third quarter. The Consunji-led group r...

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PPI: No ‘persecution’ in libel case against ex-DA chief
Oct 30, 2026

PPI: No ‘persecution’ in libel case against ex-DA chief

MANILA, Philippines — Agricultural company Planters Products Inc. (PPI) stood firm on complaints it had leveled against former Agriculture Secretary Leonardo Montemayor, who had questioned the legalit...

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