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PSEi retreats to 5,600 on selling pressure, growth concerns

The Philippine stock barometer retreated to the 5,600 level on Wednesday, dragged by selling pressure on heavyweight stocks and concerns over the country"s economic growth outlook.

New DICT chief De Claro meets with department officials

Joseph Montes de Claro visited the Department of Information and Communications Technology (DICT) headquarters in Quezon City on Wednesday after he was appointed as its new secretary.

Stock indices as of October 14, 2026

IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud

The International Monetary Fund and World Bank on Wednesday released a framework for tackling cyber-enabled fraud.

Peso closes near all-time low at P62.87 vs. US dollar

The Philippine peso weakened for the second straight trading day on Wednesday, closing near its all-time low against the US dollar amid renewed tensions in the Middle East.

ERC suspends reserve market

The ERC suspended reserve market trading indefinitely, raising uncertainty over power generators' earnings and future reserve pricing.

DBP: COA findings on contractor loans already addressed

The Development Bank of the Philippines (DBP) on Wednesday maintained that it had “satisfactorily addressed” audit findings on its contractor lending program, after state auditors flagged P4.09 billion in past-due loans…

‘Napatawad ko na’: Scam victims move on and leave fraud cases hanging

A scam case needs a victim, so what happens when the victim decides to put the whole ordeal behind them?

IMF outlook points to a shallow, uneven recovery

The IMF sees Philippine growth slowing to 3.4% in 2026, with higher unemployment and inflation risks weighing on the recovery.

Golden TW to pour in P3-B investments in Boracay's integrated hotel-casino complex

Developer Golden TW Realty and Development Corp. has committed about P3 billion worth of investments in its integrated casino-resort, KABAN Boracay, and its surrounding shopping complex on the world-famous island…

Maynilad ramps up preparations for Super El Niño

Maynilad Water Services Inc. said on Wednesday it is stepping up preparations for Super El Niño, citing reduced water losses and diversified supply sources that helped it maintain uninterrupted service despite tighter…

Trends and ReadyLinks say IR and hospitality sectors can modernize connectivity infrastructure sans expensive overhauls

Introducing an integrated methodology toward modernizing network capabilities for IRs and hotels.

Estimated palay production in 3Q dropped further -- PSA

Palay (unhusked rice) production in the third quarter of 2026 is estimated to have further decreased, according to the latest figures by the Philippine Statistics Authority (PSA).

P42 daily minimum wage hike in Central Visayas takes effect

The Department of Labor and Employment (DOLE) on Wednesday reminded employers to comply with the new minimum wage rates as the P42 daily wage increase in Central Visayas takes effect on October 14.

IMF raises its forecast for world growth this year but warns of risks from AI boom and debt

BANGKOK, Thailand — The International Monetary Fund on Tuesday slightly upgraded its outlook for the world economy for this year, while warning of growing risks from rising debt, including the financial frenzy around…

PH soybean meal imports expected to rise by 10% -- USDA

The Philippines' soybean meal importation is forecast to rise by 10% in the marketing year (MY) 2026 to 2027 due to higher demand in the poultry sector, the United States Department of Agriculture (USDA) said.

SMPC questions highest-bid rule in Semirara coal mine auction

Consunji-led Semirara Mining and Power Corporation (SMPC) has criticized what it described as a sudden change in the bidding rules for the Semirara Island coal mines, saying the new guidelines prioritize the highest…

NASA rover sets interplanetary driving record on Mars

NASA's Perseverance Mars rover has set a new record for the longest distance driven on another world, surpassing a mark held by the Opportunity rover for more than a decade. This was reported yesterday by Chelsea Gohd…

House approves Cebu Pacific's 50-year franchise

House approves Cebu Pacific's 50-year franchise to operate

DA expands Cagayan Valley ube production for export

THE Department of Agriculture (DA) is expanding ube production in Cagayan Valley to meet growing global demand and help farmers earn more through direct links with buyers. The agency said on Tuesday that its regional…

DENR deploys early warning systems vs El Niño threats

THE Department of Environment and Natural Resources (DENR) has deployed early warning systems to help detect forest fires, coral bleaching and water shortages linked to El Niño. The systems use automated weather…

IMF flags risks to global economy from AI market correction, war and debt

The IMF flagged significant growth and financial stability risks from a potential ending of the AI investment boom, growing debt levels and a prolonged Middle East conflict.

Cebu Landmasters: Nearly 70% of units at Ormoc project sold

CEBU Landmasters Inc. (CLI) has sold nearly 70 percent of available units at its Casa Mira Prime Ormoc project within two weeks of its public launch. “The strong response to Casa Mira Prime Ormoc affirms the trust…

Toyota unveils Tamaraw MPUV

TOYOTA Motors Philippines Corp. (TMP) unveiled the Tamaraw Modern Public Utility Vehicle (MPUV) at the company’s headquarters and manufacturing plant in Santa Rosa City, Laguna, on Tuesday, expanding the role of locally…

IN PHOTOS: Apple unveils new smart home products, showcasing updated Siri AI

Apple has launched a raft of smart products, including the iPad-like HomeView, in a bet that its AI-upgraded Siri can help it carve out a bigger share of the connected home market.

Tencent experiences strong demand for $4.5 billion debt sale

HONG KONG ─ Tencent Holdings has received investor demand worth more than three times the Chinese tech giant’s plan to raise at least $4.5 billion via US dollar and offshore Chinese yuan debt offerings, even as…

Bumble in advanced talks to go private

BUMBLE is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday. Shares of the Austin…

Soybean meal imports seen to rise 10% in 2027

The country’s imports of soybean meal are forecast to expand by 10 percent in 2027 due to rising demand from the poultry sector.

Kroger plans to eliminate 3K corporate roles

KROGER plans to cut roughly 3,000 corporate roles over the next three years, CEO Greg Foran told staff in a memo, seen by Reuters on Monday, as the grocer integrates AI into its workflow. Kroger should reduce…

Bausch + Lomb CEO departs, interim chief named

BAUSCH + Lomb said on Monday that CEO Brent Saunders will leave the eye-care company by mutual agreement with its board, sending its US-listed shares down more than 7 percent. Chairman Thomas Appio was named interim…

BSP trims BOP deficit forecasts for 2026, 2027

The Philippines may post narrower balance of payments deficits for the next two years than earlier expected, although elevated fuel costs, geopolitical tensions and uneven global growth are still seen weighing on the…

Banking watchdogs ramp up AI scrutiny

NEW YORK/LONDON — Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with the matter said, with some pointing to the potential for cyberattacks on banks or rogue agents…

Global smartphone shipments record worst Q3

GLOBAL smartphone shipments fell 20 percent on-year to their lowest third-quarter level since 2012, as soaring memory chip costs and supply shortages pressured manufacturers and pushed up prices, preliminary estimates…

ERC suspends power reserve market

The Energy Regulatory Commission has temporarily halted Reserve Market operations to curb persistently high ancillary service prices, especially in the Visayas.

Stellantis Q3 shipments fall 1%

FRANCO-ITALIAN automaker Stellantis said on Tuesday its global third-quarter shipments fell 1 percent from a year ago to an estimated 1.3 million vehicles, hit by a summer production shutdown in North America…

ICTSI gets full control of Brazil’s iTracker

INTERNATIONAL Container Terminal Services Inc. (ICTSI) secured a $1.0-billion 10-year loan from BDO Unibank and acquired full ownership of Brazilian logistics provider iTracker Logistica Inteligente. According to…

PAGCOR targets casino exit by 2027

The Philippine Amusement and Gaming Corp. is targeting to complete its exit from casino operations by the third or fourth quarter of 2027, as the state gaming regulator moves closer to securing government approval for…

LVMH hopes of luxury revival getting dim

PARIS — Luxury bellwether LVMH on Monday reported weaker-than-expected third-quarter sales as a sharp deterioration in Chinese consumer mood hit demand for its flagship brands Louis Vuitton and Dior. The trading update…

Attracting investments

BBM must really think so poorly of us to claim he made his recent Singapore F1 Grand Prix trip to bring in investments. Indeed, other presidents before him justified their expensive foreign junkets the same way and we…