The Manila Times · Business

DoorDash to buy Instacart for $17B in big consolidation for grocery delivery

DoorDash is gobbling up Instacart in a $17 billion acquisition that will supercharge its grocery delivery business. DoorDash said the Instacart brand name and app will remain, and Instacart shoppers can continue…

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GMA News Online · Business

Marcos to Filipinos: Help keep eye on proposed P7.2T national budget for 2027

President Ferdinand “Bongbong” Marcos Jr. is asking all Filipinos to help monitor the proposed P7.2 trillion national budget for 2027 to ensure funds don't end up in the pockets of corrupt politicians, Palace Press…

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Rappler · Business

ECB President Lagarde resigns at time of mounting challenges for Europe

A source with direct knowledge of the matter says Christine Lagarde resigned so she could weigh in on political matters in her native France and globally

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GMA News Online · Business

ECB President Lagarde resigns after months of speculation

European Central Bank President Christine Lagarde announced her resignation on Thursday, ending months of speculation about her future at a complex juncture for Europe and the ECB.

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Philstar · Business

Business groups urge Congress to scrap P180-billion infra insertions

Almost 30 business organizations called on Congress to remove congressional additions amounting to almost P180 billion from the proposed 2027 national budget.

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GMA News Online · Business

PH shares rally on peso rebound

Share prices on the Philippine Stock Exchange closed in the green on Thursday as the peso rebound to the P63:$1 level after hovering at P64-to-one dollar was cheered by the market.

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GMA News Online · Business

Peso rebounds to P63.85:$1 after two days above 64 level

The Philippine peso strengthened against the US dollar on Thursday, returning to the P63-per-dollar level after President Ferdinand “Bongbong” Marcos Jr. said the government was working to prevent the local currency…

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GMA News Online · Business

Philippine delegation secures $17.5 million in export sales at Hong Kong trade show

The Philippine delegation secured $17.5 million in total export sales at Asia Fruit Logistica (AFL) 2026 in Hong Kong in September, the Department of Agriculture (DA) said.

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Philstar · Business

UE honors SC Justice Zalameda for distinguished career in public service

Supreme Court Associate Justice Rodil Zalameda was conferred an honorary Doctor of Laws degree by the University of the East (UE) in recognition of his distinguished career in public service and his commitment to the…

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Rappler · Business

Pagcor revenues plunge 23% in Q3 as economic pressures weigh on gambling

The vast majority of the decline in revenue came from weaker electronic gaming, such as eGames and eBingo. Traditional casinos also struggled, though considerably less so.

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Philstar · Business

Palawan Group and AltPayNet form strategic fintech partnership

The collaboration also expands Palawan Group's growing ecosystem of financial services by providing customers with more convenient ways to receive remittances through both its nationwide branch network and digital…

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Philstar · Business

Housing developers' government tie-up seen as 'ray of light' for real estate sector

Property developers’ growing participation in government-backed housing programs is offering a potential avenue for reviving housing sales and expanding affordable homeownership.

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Rappler · Business

China stocks slip as tech weakness overshadows Fed rate decision

'We are wary that investor sentiment on AI is fragile; however, we believe the risk-reward is looking more attractive again, and interest may come back towards the end of the year as investors rebuild their portfolios…

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GMA News Online · Business

PAGCOR revenues down 23.41% in Jan.-Sept. 2026

The Philippine Amusement and Gaming Corporation (PAGCOR) saw a double-digit decline in its revenues in the first nine months of 2026.

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Rappler · Business

Are GCash’s P10 transfer fees here to stay?

Talks with the central bank continue, says GCash

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GMA News Online · Business

MVP sees MPTC-SMC tollway merger deal sealed by end of 2026

The deal for the planned merger of tollways giants led by tycoons Manuel V. Pangilinan and Ramons S. Ang is expected to be signed by the end of the year.

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Philstar · Business

Building beyond the transaction: How Skyro’s everyday ecosystem supports merchant growth

Skyro, a digital-first fintech company, is looking to explore new opportunities for merchant partners.

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GMA News Online · Business

Peso opens strong, claws back to P63:$1

The Philippine peso gained its ground against the US dollar, clawing its way back to P63-to-one dollar level during the opening of trading on Thursday.

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The Manila Times · Business

Visayas grid placed under yellow, red alert due to plant outages

MANILA, Philippines — The National Grid Corporation of the Philippines (NGCP) will raise the yellow and red alerts on the Visayas grid due to multiple plant outages on Thursday. In an 8 a.m. advisory, NGCP said the…

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Rappler · Business

The bee is strong: Jollibee eyes 1,500 more areas for expansion

The fast-food giant sees more room to grow outside Metro Manila, while setting its sights on listing its international business in Hong Kong in 2027

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The Manila Times · Business

OpenAI plans to buy Google’s AI chips

OPENAI plans to buy Google’s AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending to meet surging demand for AI computing. The reported plan…

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The Manila Times · Business

UPS CEO sees $15 billion annual revenue opportunity from data center boom

LOS ANGELES, California — UPS CEO Carol Tome told Reuters on Tuesday the artificial intelligence (AI) data center boom is a decadeslong opportunity for the world’s largest parcel delivery and logistics company, which…

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Rappler · Business

[Ask the Tax Whiz] BIR e-invoicing: Is your company ready for December 31?

This affects billing, customer records, accounting systems, and the controls that keep transactions accurate and traceable

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The Manila Times · Business

Australia’s Star Entertainment fined $183 million for anti-money laundering law breaches

AN Australian federal court on Wednesday fined casino operator Star Entertainment AU$260 million ($182.73 million) for breaching anti-money laundering and counterterrorism financing laws, according to a court judgment…

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The Manila Times · Business

Standard Chartered lifts full-year targets

HONG KONG/LONDON ─ Standard Chartered (StanChart) on Wednesday hiked its income and profitability targets after third-quarter profit handily beat estimates with robust performances from its wealth and global markets…

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Philstar · Business

‘Higher corn MAV to lower feed costs’

The government’s move to raise the minimum access volume for corn is expected to lower costs for animal feeds, according to the Department of Agriculture.

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The Manila Times · Business

Heineken has more to do to deliver growth

LONDON ─ Heineken's CEO Rafael Oliveira said on Wednesday the company needs more accountability across the business and a stronger performance culture to drive consistent growth, in his first statement since taking over…

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The Manila Times · Business

UBS posts $2.7 billion profit, speeds up share buybacks

ZURICH ─ UBS reported on Wednesday a third-quarter net profit roughly in line with expectations and accelerated its share buyback program even as the bank remained concerned about new Swiss capital requirements. Net…

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Philstar · Business

China Bank Savings renews commitment to supporting educators

The thrift banking arm of China Banking Corp. has committed to deepen its partnership with the Department of Education (DepEd) in recognizing teachers who help shape the country’s future.

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The Manila Times · Business

US, Japan still PH’s top economic partners – survey

MORE Filipinos view the United States and Japan as the Philippines’ most important economic partners, according to a September Pulse Asia survey commissioned by the Stratbase Group. The US remained the top choice at 73…

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The Manila Times · Business

Ambani’s Jio to make Mumbai trading debut after record $3.2 billion India IPO

MUMBAI, India ─ Asia’s richest man Mukesh Ambani’s telecoms and digital unit Jio Platforms is set to list in Mumbai on Wednesday, after its $3.2-billion IPO drew $77 billion in bids in India’s most-subscribed offering…

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Philstar · Business

JTI gaining headway in heated tobacco race

Tobacco manufacturing giant JTI is lighting up the battle for heated tobacco products as it further anticipates a rapid shift from traditional sticks among consumers worldwide.

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The Manila Times · Business

Hilton misses Q3 revenue estimates

HILTON Worldwide Holdings missed third-quarter revenue estimates on Tuesday and warned that US midterm elections and the Middle East conflict could weigh on its performance in the fourth quarter, sending shares of the…

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The Manila Times · Business

MGEN Renewables OKs P5B asset swap

MGEN Renewables, Inc. (MGENR, formerly SP New Energy Corp.) said Wednesday that its board had approved a nearly P5-billion share swap transaction with MGEN Renewable Energy, Inc. (MGreen) to strengthen its investment…

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Philstar · Business

Eligible SSS members get up to P8,000 uplift aid

The Social Security System is set to release up to P8,000 in financial assistance to qualified members covered by the expanded United Package for Livelihoods, Industry, Food and Transport aid program tomorrow.

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The Manila Times · Business

Globe enters ICD Hall of Fame

GLOBE Telecom Inc. has entered the Hall of Fame of the Institute of Corporate Directors (ICD) after receiving Five Golden Arrows for the fifth consecutive year, maintaining its top rating under the Asean Corporate…

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The Manila Times · Business

SEC: Asean capital market priority deliverables completed

THE Securities and Exchange Commission (SEC) has completed the Philippines’ priority economic deliverables for sustainable and resilient Asean capital markets, advancing regional initiatives on sustainable finance…

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Philstar · Business

Meralco on track to record P56.6 billion core profit

Manila Electric Co. is looking to post a record consolidated core earnings of P56.6 billion this year.

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The Manila Times · Business

Region 2 fast tracking transfer of mature farm technologies

ILAGAN CITY, Isabela — The Department of Agriculture-Regional Field Office 2 (DA-RFO2) is fast-tracking the transfer of matured agricultural technologies to farmers in Cagayan Valley following its annual Agency In-House…

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