PARIS — European aircraft manufacturer Airbus said on Wednesday its third quarter revenues dipped as it finished fewer planes, but insisted it would still deliver a record number this year. The company delivered 196…
Telco eyes connectivity integration in property development masterplans
One of the country’s major telecommunications firms is pushing for the early integration of telecommunications infrastructure in residential, commercial. and mixed-use developments.
Capital recycling prompts Asian developers to prioritize focus over size
Major property developers across Asia continue to recycle capital by selling or monetizing mature assets to finance new investments and expand recurring-income businesses.
Hackers steal $6.3 billion from Binance in record heist blamed on North Korea
SINGAPORE/TOKYO/PARIS - Hackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a theft that analysts blamed on North Korea and said could be the largest financial heist of all time.
Swedish embassy welcomes Transcom opening in Quezon City
MANILA, Philippines — The Embassy of Sweden in the Philippines congratulated the opening of Transcom Worldwide’s GIGA site on the 12th floor of the Giga Tower in Bridgetowne, Quezon City. Transcom’s Quezon City office…
Is Vista Mall Santa Rosa next to go as the Villars’ debt deadlines loom?
The Villars aren’t saying much about the possible mall sale, but their long-delayed financials hint at billions in debt repayments that could be pushing them to part with some of their prized possessions
Peso continues gains vs dollar, closes at P63.74:$1
The Philippine peso extended its win-streak against the US dollar, ending the week on a strong note on Friday, lifted by optimism on President Ferdinand Marcos Jr."s assurance the government will prevent the peso from…
Is Vista Mall Santa Rosa next to go as the Villars’ debt deadlines loom?
The Villars aren’t saying much about the possible mall sale, but their long-delayed financials hint at billions in debt repayments that could be pushing them to part with some of their prized possessions
Maharlika Fund’s NGCP deal collapses nearly 2 years after Marcos’ blessing
Once touted as Maharlika's maiden investment, the deal was supposed to give the government board seats at the country’s power grid operator. Instead, it marks another setback in MIC's sluggish investment rollout.
Crypto platform Binance confirms major hack, more than $2.5B frozen
NEW YORK, United States — Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that had resulted in the freezing of more than $2.5 billion in an effort to prevent them from being stolen…
SSS inks pact with DICT to expand social security coverage for freelancers
The Social Security System (SSS) on Friday announced it has signed an accord with the Department of Information and Communications Technology (DICT) to expand social security protection for the country"s estimated 1.5…
Inflation may accelerate to as high as 8.1% in October — BSP
Inflation could pick up to as high as 8.1% in October due to higher fuel and electricity prices, as well as transport fares, according to the Bangko Sentral ng Pilipinas’ forecast for the month.
Dali posts P1-billion capital deficit amid rapid expansion
Hard Discount Philippines Inc., the operator of discount grocery chain Dali Everyday Grocery, posted a capital deficit of P1.03 billion at the end of 2025, five years into its commercial operations in the country.
SP Win Gatchalian renews call to suspend excise tax on gasoline, diesel
Senate President Sherwin Gatchalian renewed his call Friday for the suspension of the excise tax on gasoline and diesel to alleviate the plight of public utility vehicle (PUV) drivers.
The Philippines' trade deficit continued to widen in September 2026 as growth of imports outpaced export growth, preliminary data released by the Philippine Statistics Authority (PSA) on Friday showed.
Peso continues rally, opens at P63.67:$1 on Friday
Peso continues rally, opens at P63.67:$1The Philippine peso extended its rebound to P63-to-one dollar level, opening stronger against the greenback on Friday.
NLEX opens Quirino Hwy-Mindanao Ave. link ahead of Undas rush
A 2-KILOMETER section of the NLEx-C5 Northlink opened on Thursday ahead of the expected Undas traffic surge, providing motorists a direct link between Quirino Highway in Quezon City and the NLEx Mindanao Avenue Toll…
EU nations vow to release 42.6M barrels of oil after G7 pledge
Eleven European countries pledged Thursday to jointly release 42.6 million barrels of oil by the end of January, in line with a G7 deal struck this month to ease global energy supply concerns.
MERALCO said Thursday its crews will be on standby around the clock to respond to power service concerns across its franchise area during All Saints’ Day (Nov. 1) and All Souls’ Day (Nov. 2). Joe Zaldarriaga, the…
BUSINESS and industry groups on Thursday called on the leaders of the Senate and the House of Representatives to remove budget insertions without technical basis on the P7.2 trillion proposed 2027 national budget. The…
Finland launches criminal probe into land clearance for Google data center
Finnish police said on Thursday they had launched a criminal investigation into suspected breaches of environmental law at the construction site of a planned Google data center.
BERDE Renewables Inc. on Thursday said it has completed a 3.06-megawatt-peak (MWp) rooftop solar installation across two factories of Datian Subic Shoes Inc. in Subic Bay Freeport. The project is expected to generate…
ASIA United Bank (AUB) on Thursday reported a net income of P9.4 billion in the first nine months of 2026, up 0.3 percent year on year, as higher lending income and lower interest expenses supported earnings despite…
PAGCOR earnings further dwindle, e-gaming segment loses steam
The Philippine Amusement and Gaming Corp. saw its revenues extend their decline, tumbling by 23.4 percent from January to September, with online gaming posting the steepest drop.
FEDEX is paying more to hire extra truckers, a cost that weakened margins in its core US express delivery segment in the third quarter and is expected to hit even harder in the holiday season quarter, the package…
Singapore’s Keppel 9-month profit jumps on infra boost
SINGAPORE’S Keppel reported more than 20-percent growth in its nine-month net profit on Thursday, excluding the noncore portfolio for divestment and discontinued operations, helped by strong performance in its…
DALI’s P7 billion loss puts hard discount store model in focus
The pioneer of hard discount stores in the Philippines incurred more than P7 billion in losses as of 2025, raising doubts about whether this retail model can survive much longer.
WHENEVER we talk about artificial intelligence, the conversation almost immediately defaults to the technology itself. We talk about increasingly powerful foundational models, relentless automation, skyrocketing…
Microsoft’s cloud growth, cash flow offer respite from AI spending fears
MICROSOFT on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty artificial intelligence (AI) bets were paying off even as concerns mount over Big Tech’s…
Manila-based professional services firm WR Advisory Group last week released its inaugural Philippine Political and Country Outlook Report which warned that the Philippines faces an elevated and deteriorating outlook…