BREAKING NEWS: Business (2)

Banking luminary Xavier ‘XP’ Loinaz; 82

Mon, 06 Oct 2025 02:11:00 +0000

When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due

BSP seen keeping key rates steady

Mon, 06 Oct 2025 02:10:00 +0000

The Bangko Sentral ng Pilipinas (BSP) is expected to leave interest rates unchanged this week, pausing after three consecutive cuts as officials wait for clearer signals on the state of the economy and weigh the peso’s slide. Ten out of 16 economists surveyed by the Inquirer last week projected that the Monetary Board (MB) will

Gov’t debt service surged by 257% in Aug. to P664.7B

Mon, 06 Oct 2025 02:09:00 +0000

The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds. Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report of the Bureau of the Treasury. This brought the eight-month tally to P1.54 trillion, nearly flat

BIZ BUZZ: IC poised to crack whip on erring insurance firms

Mon, 06 Oct 2025 02:08:00 +0000

Looks like it’s the Insurance Commission’s (IC) turn to weed out or sanction bad actors within its sphere of influence. This, after the ever-widening investigation into the extent of the corruption in flood control projects revealed that even nonlife insurance companies are involved. As the Senate hearings have revealed, only a handful of closely related

SEC eyes longer list of REIT assets

Mon, 06 Oct 2025 02:07:00 +0000

Toll roads and cell towers, among many others, may soon be considered “REIT-able” assets. These are properties that can be added to the portfolio of entities wishing to establish their own real estate investment trusts (REITs). This, as the Securities and Exchange Commission (SEC) seeks to amend the rules of the REIT Act of 2009.

Forging unity in foreign affairs: Diplomacy, security and national development

Mon, 06 Oct 2025 02:06:00 +0000

Tonight marks a milestone—40 years of the Philippine Council for Foreign Relations (PCFR). But this is more than a celebration of longevity. It is a reaffirmation of a shared commitment to the future of our nation in an ever-changing world. The PCFR was born in 1985, in a time of national transition. Fifteen visionaries—among them

The secrets behind family business empires no one will tell you

Mon, 06 Oct 2025 02:05:00 +0000

(Last of two parts) Dynasties don’t endure because they are richer, luckier or more charismatic. They endure because they run on a different operating system. On Sunday, the family shares a meal. On Monday, the same people sit across a board table with roles, rights and rules that are crystal clear. When pressure spikes—succession, acquisitions,

Robinsons takes its turn to update malls

Mon, 06 Oct 2025 02:04:00 +0000

Flagship Robinsons malls are set to get a major facelift to keep pace with other developers that pursue renovations as consumer needs rapidly evolve. Mybelle GoBio, president and CEO of Robinsons Land Corp. (RLC), confirmed to reporters last week that they would soon announce the developer’s mall reinvention program. First in line are the older

Globe seeks boosted cross-border efforts vs scams

Mon, 06 Oct 2025 02:03:00 +0000

Ayala-backed Globe Telecom called for stronger ties with foreign partners to fight online scams, as fraud losses in the Philippines have already reached a staggering $8.1 billion. The telco said it made this appeal at the Global Anti-Scam Summit Asia 2025 held last month in Singapore. It urged more than 1,000 participants to treat cybercrime

New chief wants Napocor weaned from diesel

Mon, 06 Oct 2025 02:02:00 +0000

State-run National Power Corp. (Napocor), under fresh leadership, is “overhauling” its strategy to cut dependence on costlier diesel fuel. Jericho Jonas Nograles, the newly installed president and chief executive officer of Napocor, said he was working closely with the Department of Energy in exploring new technologies. “We’re trying to increase our renewable energy assets to

PH seeks to update trade deal with Japan

Mon, 06 Oct 2025 02:01:00 +0000

The Philippines is looking to revive discussions to update the Japan-Philippines Economic Partnership Agreement (Jpepa), in a bid to widen market access for local agricultural products. Jpepa is the country’s first bilateral free trade agreement that came into force in December 2008. It aims to liberalize and facilitate trade in goods and services between both

China's panda bond market gives Beijing more political punch

Sun, 05 Oct 2025 21:28:21 +0000

The US-India romance is over

Sun, 05 Oct 2025 21:28:21 +0000

Beyond Pepper: SoftBank charts new course in robotics with AI

Sun, 05 Oct 2025 18:27:21 +0000

Maynilad secures UK support for IPO

Sun, 05 Oct 2025 18:22:40 +0000

MANILA, Philippines – Maynilad Water Services Inc. has secured the support of the United Kingdom for its upcoming stock market debut, signaling strong demand for what would be the country’s largest—and last—initial public offering (IPO) this year. In its preliminary prospectus dated Oct. 3, Maynilad said it now had a cornerstone investment agreement with the

Russia to remain India's No 1 crude oil supplier

Sun, 05 Oct 2025 18:20:35 +0000

India's crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country's total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow's war effort in Ukraine.India's crude imports in September were around 4.7 million barrels per day, up 220,000 bpd month-on-month and flat year-on-year.

NY Times real estate reporter Kamin moving to metro desk

Sun, 05 Oct 2025 18:09:58 +0000

New York Times metro editor Nikita Stewart sent out the following: Debra Kamin is the rare reporter who can and will do it all: a deeply reported investigation, a visually driven narrative, an engaging trend story and a fun quiz. She will soon bring her talents to Metro as an investigative reporter and turn her keen eye […]

Factors that will drive the markets this week

Sun, 05 Oct 2025 18:04:24 +0000

Trading sentiment in the equity market will be guided by macroeconomic data announcements, global trends and quarterly earnings from IT major TCS this week, analysts said.Stock markets would also be tracking trading activity of foreign investors who remained net sellers of Indian equities in September.

Banking luminary: Xavier P. Loinaz, 82

Sun, 05 Oct 2025 16:36:51 +0000

MANILA, Philippines — Banking luminary Xavier P. Loinaz – a pillar of risk management, innovation and credit discipline at Bank of the Philippine Islands – died on Oct. 4, about a week short of his 82nd birthday. A Bank of the Philippine Islands (BPI) community post said on Sunday they were deeply mourning the passing

New LDP chief Takaichi expected to name Aso to senior party post

Sun, 05 Oct 2025 15:28:55 +0000

Top economist Ammar Siamwalla dies at 86

Sun, 05 Oct 2025 10:17:00 +0000

Ammar Siamwalla, one of Thailand’s most respected economists and a leading rice expert, has died at the age of 86.

Where will the US draw its defense line in East Asia?

Sun, 05 Oct 2025 09:26:58 +0000

Malaysia-Singapore economic zone spurs call for convenient transportation

Sun, 05 Oct 2025 09:26:58 +0000

Taiwan president's speech, Malaysia budget, NBA preseason in Macao

Sun, 05 Oct 2025 09:26:58 +0000

FPIs offload equities worth Rs 23,885 cr in Sep

Sun, 05 Oct 2025 08:44:37 +0000

Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around $2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore ($17.6 billion).

Tata Capital, LG to launch IPOs worth over Rs 27K cr

Sun, 05 Oct 2025 07:56:13 +0000

The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.

O’Callaghan not inclined to allow third parties to fund legal actions

Sun, 05 Oct 2025 05:00:00 +0000

Minister for Justice considers third-party funding as ‘enriching lawyers’

Singapore movie theaters go out of business as national pastime falters

Sun, 05 Oct 2025 03:30:17 +0000

Ladakh unrest exposes India's uneasy governance at China border

Sun, 05 Oct 2025 03:30:16 +0000

The cancer returns: Rizal’s warning, floodgate reckoning

Sun, 05 Oct 2025 02:20:00 +0000

MANILA, Philippines – In the twilight of the 19th century, José Rizal penned “Noli Me Tangere” and “El Filibusterismo,” novels that exposed the moral decay and institutional corruption of the Spanish colonial rule. His words were razor-sharp, dissecting the cancer that infected Philippine society—greed, abuse of power and the betrayal of the Filipino spirit. His

PSE to gamify stock trading for Filipino students

Sun, 05 Oct 2025 02:15:00 +0000

MANILA, Philippines – What’s the best way to demystify the stock market for the next generation of Filipinos? Maybe gamification is the way to go. The Philippine Stock Exchange (PSE) will launch next year a stock trading game for college students, aiming to jumpstart investor interest in schools and encourage participation in the local bourse.

In memoriam: Oscar Reyes, a visionary and prudent leader

Sun, 05 Oct 2025 02:10:00 +0000

MANILA, Philippines – Oscar Reyes, a veteran in the Philippine power sector who led the growth of major firms, died at the age of 79. The local energy sector is grieving the loss of Reyes, whose decades-long service helped shape the growth of the market. The country’s biggest power distributor, Manila Electric Co. (Meralco), highlights

UP, Converge to boost digital talent dev’t in the Philippines

Sun, 05 Oct 2025 02:05:00 +0000

MANILA, Philippines – The University of the Philippines and Converge ICT Solutions Inc. hatched a three-year strategic partnership to prepare Filipino students for leadership in an artificial intelligence (AI)-driven global economy. “Today, we witness not merely a ceremony but a symphony: the convergence of two great institutions united in purpose and committed to our nation’s

3rd KMC Solutions Startup Awards launched

Sun, 05 Oct 2025 02:00:00 +0000

MANILA, Philippines – Nominations are now open for the 3rd KMC Startup Awards, which will honor visionary entrepreneurs and groundbreaking businesses that are shaping the future of Philippine business and technology landscape. Copresented by OneCFO in partnership with Uniquecorn Strategies, Ideaspace QBO, MAINPH, Founders Launchpad and Kaya Founders, this year’s awards introduce the Culture and

Tokyo department store seeks global market with custom diamonds

Sun, 05 Oct 2025 01:47:03 +0000

Footloose in Lhokseumawe: Hitting the beach in Aceh

Sun, 05 Oct 2025 00:26:01 +0000

Prof. James Morley: Gerald Curtis (5)

Sun, 05 Oct 2025 00:26:01 +0000

What awaits probable Japan PM Sanae Takaichi? 5 things to know

Sun, 05 Oct 2025 00:26:01 +0000

Vietnam's Pride retreat reveals misplaced fear of its youth

Sat, 04 Oct 2025 21:25:47 +0000

OpenAI restricts use of anime, other intellectual property in Sora

Sat, 04 Oct 2025 21:25:47 +0000

Analysts place higher bets on gold despite silver's...

Sat, 04 Oct 2025 18:31:03 +0000

As the rally in precious metals takes centre stage in 2025, most analysts recommend a larger allocation to gold over silver despite the latter's outperformance this year.In the current calendar year (CY25), spot gold prices in dollar terms rallied

Takaichi rides conservative LDP wave, faction politics to victory

Sat, 04 Oct 2025 18:28:00 +0000

Japan’s Takaichi needs to be regional unifier, not divider: US analysts

Sat, 04 Oct 2025 18:27:59 +0000

Marico Q2 volume growth likely to be in high single digit

Sat, 04 Oct 2025 17:22:11 +0000

Marico is expected to post high single-digit volume growth in the India business in the July-September quarter.However, it is expected to moderate sequentially, the company said in its quarterly update on exchanges.

Goldman Sachs bets on Indian aerospace, prefers pvt cos

Sat, 04 Oct 2025 17:21:18 +0000

Goldman Sachs is bullish about Indian aerospace and defence, preferring private companies over public sector units (PSUs) as the country ramps up its export target for the sector to Rs 50,000 crore by FY29 from Rs 23,600 crore last year.The American investment bank's top 'buy' recommendations include Solar Industries, Bharat Electronics, Data Patterns and PTC Industries, while Bharat Dynamics is rated 'sell'.

Why ecom platforms are under govt lens

Sat, 04 Oct 2025 16:36:25 +0000

The Ministry of Consumer Affairs is looking into complaints of additional charges being levied by ecommerce platforms when customers choose cash-on-delivery (COD) option instead of paying while ordering items."The Department of Consumer Affairs has received complaints against ecommerce platforms charging extra for cash-on-delivery, a practice classified as a dark pattern that misleads and exploits consumers," Pralhad Joshi, Union minister of consumer affairs, wrote on X on Friday afternoon.

Japan LDP election: How Sanae Takaichi's big day unfolded

Sat, 04 Oct 2025 15:25:31 +0000

Finance minister outlines ‘Five Pillars’ strategy

Sat, 04 Oct 2025 13:21:00 +0000

The government is moving ahead with its “Five Pillars of the Economy” initiative, combining short-term economic stimulus with long-term structural reforms aimed at improving competitiveness, according to Finance Minister Ekniti Nitithanprapas.

Japan's Sanae Takaichi: National security hawk and Abenomics torchbearer

Sat, 04 Oct 2025 12:25:16 +0000

Here's how the fashion industry is using AI to predict the next big trend

Sat, 04 Oct 2025 11:00:00 +0000

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Once the province of elite fashion editors and forecasters, the art of figuring out what's likely to fly off future racks is getting an assist from AI algorithms.

(Image credit: Kiran Ridley; Olga Gasnier; Geoffroy Van Der Hasselt/AFP via Getty Images; Julien De Rosa/AFP via Getty Images)