AI cyberattack could bring global financial system to a screeching halt, warns IMF

Daily Mail - Oct 13, 2026

The global financial system must be on the alert for an AI driven cyberattack that could bring it to a screeching halt, the IMF has warned.

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SLIMTC set to exit trust products business

Oct 15, 2026

SLIMTC set to exit trust products business

MANILA, Philippines — Sun Life Investment Management and Trust Corp. (SLIMTC) will exit the trust products business as it undergoes a “planned and orderly transition,” Sun Life Philippines announced on Wednesday. According to Sun Life, the decision came after a “review of the company’s businesses and strategy in the Philippines,” with Sun Life Special Adviser to

Shaping the future of agriculture from mill to meal

Oct 15, 2026

Shaping the future of agriculture from mill to meal

MANILA, Philippines — Food is the foundational driver of economic growth: it builds human capital, powers labor productivity, and mitigates healthcare costs. Meeting today’s economic challenges requires more than just producing higher output volumes. It demands food systems that can withstand disruptions while adapting to evolving consumer needs. This shift is unfolding rapidly across Asia, where

BSP adopts risk-sensitive bank capital rules

Oct 15, 2026

BSP adopts risk-sensitive bank capital rules

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is adopting a new capital requirement for banks to ensure they hold enough funds to cover potential operational losses, aligning local prudential standards with international norms. Under Circular No. 1241, dated Oct. 9, the central bank adopted the Basel III New Standardized Approach (NSA), which banks will

BIR requires 5-year accreditation for e-invoicing providers

Oct 15, 2026

BIR requires 5-year accreditation for e-invoicing providers

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has mandated electronic invoicing service providers (ESPs) to obtain a five-year accreditation and has implemented measures to prevent excessive fees and vendor lock-in. Under Revenue Memorandum Circular No. 110-2026, the BIR mandates that ESPs secure accreditation before they can deploy electronic invoicing solutions commercially, and it will

Napocor seeks extra P10.82B for missionary electrification

Oct 15, 2026

Napocor seeks extra P10.82B for missionary electrification

MANILA, Philippines — State-run National Power Corp. (Napocor) hopes to secure regulatory approval to collect P10.82 billion from on-grid electricity consumers to support service to additional remote areas through new power providers. In its filing with the Energy Regulatory Commission (ERC), the state-run company seeks an additional P0.0939 per kilowatt-hour (kWh) in the universal charge for

Thai floods may hurt PH vehicle supply, Toyota warns

Oct 15, 2026

Thai floods may hurt PH vehicle supply, Toyota warns

MANILA, Philippines — Toyota Motor Philippines Corp. warned that nearly a month of flooding in Thailand could disrupt shipments of some of its imported vehicles. Since mid-September, floods have inundated parts of Thailand, resulting in at least 71 deaths and disrupting operations at several automakers and parts manufacturers. This disruption includes Toyota’s three manufacturing plants

DA denies graft claims over Vietnam rice shipment

Oct 15, 2026

DA denies graft claims over Vietnam rice shipment

MANILA, Philippines — The Department of Agriculture (DA) has disputed corruption allegations over a blocked rice shipment from Vietnam, saying the agency itself ordered its cancellation even though the vessel was already en route to the Philippines. Agriculture Secretary Francisco Tiu Laurel Jr. said his office ordered the Bureau of Plant Industry (BPI) to cancel

El Niño threatens 10% drop in Q3 rice, corn output

Oct 15, 2026

El Niño threatens 10% drop in Q3 rice, corn output

MANILA, Philippines — The strong El Niño and unfavorable weather conditions threaten to reduce the country’s palay (unmilled rice) and corn output by more than 10 percent in the third quarter of 2026. The Philippine Statistics Authority (PSA) estimates that palay production will reach 3.10 million metric tons (MT) from July to September, marking a 17.2

Akmal set to give up Merlimau to PAS, eyeing other safe seats

Oct 15, 2026

Akmal set to give up Merlimau to PAS, eyeing other safe seats

He thanks constituents, asks, 'Where to next?'

Young Chinese are choosing healthy relationships over toxic filial piety

Oct 15, 2026

Young Chinese are choosing healthy relationships over toxic filial piety

As the Chinese saying goes, “Even an upright judge finds it hard to settle family matters.” Whenever Chinese TV channels air reality shows that centre on couples or parent-child relationships, controversy is guaranteed. Heated debates ensue over who is right and who is wrong. Viewers examine every facial expression in microscopic detail and overanalyse every word before arriving at their verdict. Yet, that wasn’t the case with Zhang Jiaqi after the Olympic diving medallist and her mother, Xiao...

Ridon to Carpio’s massive shoe bill: Only oligarchs are sports patrons

Oct 15, 2026

Ridon to Carpio’s massive shoe bill: Only oligarchs are sports patrons

MANILA, Philippines — Bicol Saro party-list Rep. Terry Ridon has asked whether Vice President Sara Duterte’s husband Manases Carpio considers himself an oligarch, as the reason that he gave for huge sports apparel purchases—supporting basketball teams—is often reserved for big business players. Ridon, in an interview on the sidelines of Duterte’s impeachment trial, maintained that

YOURSAY | Sarawak shows the way: Build bridges, not walls

Oct 15, 2026

YOURSAY | Sarawak shows the way: Build bridges, not walls

'We should be confident in our national language while also embracing other languages.'

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