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…
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…
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
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.
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.
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.
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…
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.
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…
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.
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…
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.
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…
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.
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.
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…
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…
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…
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…
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…
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.
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…
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…
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.
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…
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…
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.
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…
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…
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.
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…
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…
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…