GMA News Online · Business

VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify

Vice President Sara Duterte and her husband Manases Carpio, posted a P39-million total ending balance from several bank accounts under their names in 2025, bank officials said.

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GMA News Online · Business

SSI Group to distribute Swiss sportswear brand On, operate its stores in PH

Listed specialty retailer SSI Group Inc. has partnered with Swiss sportswear brand On to be its official distributor in the Philippines and operate the brand"s first dedicated stores here.

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The Manila Times · Business

Spotify expands audiobooks to more than 180 markets

STOCKHOLM — Streaming giant Spotify announced Wednesday it is expanding access to its audiobook service to more than 180 markets, up from 22 currently, as the format continues to gain popularity. According to the latest…

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GMA News Online · Business

PAL extends Great Mabuhay Miles Gateway travel period

Flag carrier Philippine Airlines (PAL) on Wednesday announced a six-month extension of the travel period covered by its Great Mabuhay Miles Gateway promotion, giving members more time to book flights using discounted…

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Rappler · Business

Anyare? Villars’ AllHome, AllDay confirm store closures

From a peak of 72 stores two years ago, AllHome is down to 34 stores, while the store count of AllDay drops from 40 to 13, as of September 2026

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GMA News Online · Business

EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?

The Senate impeachment court in its 35th day is still discussing the alleged unexplained wealth of Vice President Sara Duterte, with present discussions focusing on her and her husband"s bank accounts. The House…

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GMA News Online · Business

Peso strengthens on lower unemployed data, closes at P62.75:$1

The Philippine peso rallied against the US dollar on Wednesday amid positive sentiments arising from low unemployment figures.

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Rappler · Business

[In This Economy] Cesar Virata, technocrat who helped finance a dictatorship

How should we remember a capable technocrat who helped keep such a government going?

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GMA News Online · Business

Political noise, fake news hurting PH economy, says Palace exec

Malacañang on Wednesday said that part of the reason for the Philippines" recent poor economic performance was because of the political noise caused by destabilizers, obstructionists, and fake news.

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GMA News Online · Business

PSEi rebounds to 5,700 level on lower unemployment figures

Share prices on the Philippine Stock Exchange (PSE) rebounded on Wednesday, with the main index rallying back to 5,700 level, as lower unemployment figures were cheered by the market.

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Philstar · Business

Pag-IBIG tie-up supports RLC residential conversion

RLC signed an MoU with Pag-IBIG to expand home loan accreditation across its resi portfolio.

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GMA News Online · Business

Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025

Vice President Sara Duterte and her husband, Manases Carpio, have nine BPI bank accounts with a collective ending balance of P8 million as of 2025, a bank official said Wednesday.

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Philstar · Business

VITRO REIT IPO pushed to 2027

PLDT deferred the planned VITRO REIT IPO to 2027, citing market conditions and higher interest rates.

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Rappler · Business

On day one, rush for GCash IPO shares briefly trips up trading systems

'I heard some platforms went down because of the traffic. That’s a good problem for all of us, right?' Mynt president and CEO Martha Sazon tells a room full of potential GCash investors hours after the public offer…

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Philstar · Business

Power: El Niño tightens supply, lifts price upside

DOE warned that a prolonged El Niño could raise the risk of power interruptions and higher electricity bills as extreme heat strains thermal plants and lower water availability weighs on hydro generation.

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GMA News Online · Business

DA, Dali eye farm-to-market deal to help farmers

The Department of Agriculture (DA) and retailer Dali Everyday Grocery are exploring a possible partnership that would allow Filipino farmers to bring their produce more directly to the market.

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GMA News Online · Business

BPI Wealth trims 2026 growth outlook amid market volatility

BPI Wealth, the trust management unit of the Bank of the Philippine Islands, on Wednesday said it now expects slower growth in its assets under management (AUM) than previously expected, amid market volatility.

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The Manila Times · Business

Aguda: I remain at the service of the president

(UPDATE) MANILA, Philippines — Department of Information and Communications Technology (DICT) Secretary Henry Aguda said he remained at the service of the president and was aware of the current rumors surrounding his…

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GMA News Online · Business

Moody's acquires minority stake in PhilRatings

Moody"s is acquiring a minority stake in Philippine Rating Services Corporation (PhilRatings), making it the first global credit rating agency to invest in a Philippine credit rating agency, according to the US Embassy…

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GMA News Online · Business

Semirara Mining decries coal assets surrender requirement to join bidding

Consunji-led Semirara Mining and Power Corporation (SMPC) cried foul Wednesday over the latest bidding rules requiring the company to surrender its assets to the government if it joins the auction for Semirara Island"s…

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The Manila Times · Business

PH unemployment rate drops to 5.3%

MANILA, Philippines —The number of unemployed Filipinos decreased in August, the Philippine Statistics Authority (PSA) reported on Wednesday. Data showed that unemployment dropped to 5.3 percent from July’s 6.0 percent…

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GMA News Online · Business

Security Bank taps Tookitaki for anti-financial crimes screening

Security Bank Corporation on Wednesday announced it has partnered with global financial technology provider Tookitaki to update its anti-financial crime compliance architecture, modernizing its screening capabilities…

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GMA News Online · Business

Chicken prices up by P10 due to supply drop, group says

Chicken prices up by P10 due to supply drop, group says

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Rappler · Business

Unemployment eases to 5.3% in August 2026 as agriculture adds jobs

Manufacturing continues to weaken as employment in the sector further fell to 3.16 million in August from 3.43 million in July

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GMA News Online · Business

NGCP: No intention to delay implementation of ancillary service contracts

The National Grid Corporation of the Philippines (NGCP) on Wednesday came to its defense after the Department of Energy (DOE) blamed it for the series of yellow and red alerts in the Visayas power grid.

GMA News Online · Business

Jobless Pinoys declined by 375,000 to 2.77M in August 2026

The number of jobless Filipinos decreased by over 375,000 in August 2026, data released by the Philippine Statistics Authority (PSA) on Wednesday showed.

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Rappler · Business

LIST: Duterte-Carpio bank accounts, balances detailed in impeachment trial

Here is a summary of the banks testifying on the Duterte-Carpio money trail as prosecutors try to determine whether year-end account balances line up with what was declared in the Vice President's SALNs

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GMA News Online · Business

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.

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The Manila Times · Business

DeepSeek set to net over $12 billion in new fundraising

CHINESE AI startup DeepSeek is set to raise more than 80 billion yuan ($11.93 billion) in its latest funding round, said one person with knowledge of the matter, as the firm builds up a war chest of capital ahead of a…

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The Manila Times · Business

OpenAI sorry for Australia hack, wants to rebuild trust

SYDNEY, Australia — OpenAI conceded on Tuesday it botched the handling of a hacking incident in Australia, vowing to rebuild trust in a nation it is courting to host massive data centers. Chief Strategy Officer Jason…

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Philstar · Business

Pax Silica: The long road ahead

This US-led effort on artificial intelligence and supply chain security aims to advance a new economic security consensus among its allies and trusted partners.

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The Manila Times · Business

HK IPO fundraising reaches $41B

AS of the beginning of August, initial public offering (IPO) proceeds in Hong Kong have reached $41 billion, surpassing the full-year total of 2025, and another record is expected this year, an executive of the Hong…

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The Manila Times · Business

Anthropic’s Amodei made $18 million last year

NEW YORK/BOSTON — Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company’s initial public offering (IPO) filing shows, putting him in the middle ranks of top executives at major…

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Philstar · Business

RLC joins Pag-IBIG’s 4PH program

Robinsons Land Corp. has joined the government’s expanded affordable housing program, partnering with Pag-IBIG Fund to offer Filipino workers more housing options with preferential pricing and buyer incentives.

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The Manila Times · Business

Kraft Heinz backs protein, fiber trends

KRAFT Heinz is backing better-for-you trends such as protein and fiber as it invests heavily in marketing and tries to make up for lost time on innovation, the company’s North America president told Reuters. Under Steve…

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The Manila Times · Business

ERC approves grid connections for 3 solar projects

THE Energy Regulatory Commission (ERC) has approved transmission facilities for three solar projects with a combined capacity of 205.5 megawatts (MW), allowing them to connect to the national grid. In decisions released…

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Philstar · Business

Hot pandesal

The condo glut reminds me of hot pandesal.

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The Manila Times · Business

Petrogreen gets P1.24B for Isabela solar project

PETROGREEN Energy Corp. said Tuesday that Rizal Green Energy Corp. and BKS Green Energy Corp. had signed an omnibus loan and security agreement with Rizal Commercial Banking Corp. (RCBC) for a P1.24-billion project…

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The Manila Times · Business

Qualcomm and Arm kick off trial

WILMINGTON, Delaware ─ Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, began another trial on Monday, with Qualcomm accusing Arm of withholding chip testing tools that were due under contract…

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