Economy
Gokongwei, Salazar named Management Persons of the Year
Oct 16, 2026

Gokongwei, Salazar named Management Persons of the Year

Tycoon Lance Gokongwei and Phinma Corp. president and COO Chito Salazar have been selected as recipients of the prestigious MAP Management Persons of the Year 2026 award....

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DOF, World Bank seek faster project financing
Oct 16, 2026

DOF, World Bank seek faster project financing

The Department of Finance (DOF) and the World Bank have agreed to work together to speed up the processing of financing for development projects in the Philippines....

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Tesla unveils new Roadster that flips in air with SpaceX thrusters
Oct 16, 2026

Tesla unveils new Roadster that flips in air with SpaceX thrusters

SAN FRANCISCO--Tesla unveiled a redesigned Roadster powered with rocket-style thrusters on Thursday and said it would start production in 2028, more than a decade after it first showed a next-generati...

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Peso tumbles beyond 63:$1
Oct 16, 2026

Peso tumbles beyond 63:$1

MANILA, Philippines — The Philippine peso weakened further on Friday, hitting another record low against the dollar as expectations of higher US interest rates bolstered the greenback. The local curre...

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Nasecore calls for safeguards in Semirara coal bid
Oct 16, 2026

Nasecore calls for safeguards in Semirara coal bid

MANILA, Philippines — Consumer group National Association of Electricity Consumers for Reforms (Nasecore) urged the Department of Energy (DOE) to disclose revised bidding rules for the next Semirara c...

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Gasoline rollback, slight diesel hike seen next week
Oct 16, 2026

Gasoline rollback, slight diesel hike seen next week

MANILA, Philippines — Motorists may see gasoline prices drop by as much as P4.20 a liter next week, while diesel prices could rise, an industry source said. Gasoline prices will like drop by P4 to P4....

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Peso claws back to 62 per dollar level
Oct 16, 2026

Peso claws back to 62 per dollar level

The Philippine peso climbed its way back to P62-to-one dollar level on Friday, after breaching P63:$1 and hitting a fresh record low for the 27th time this year....

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PSEi rebounds to 5,700 level
Oct 16, 2026

PSEi rebounds to 5,700 level

Philippine shares closed the week on a strong note on Friday, as investors' bargain hunting supported the local market....

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Growth opportunities loom for Philippine housing market despite headwinds
Oct 16, 2026

Growth opportunities loom for Philippine housing market despite headwinds

The Philippine residential property market continues to demonstrate underlying demand despite economic headwinds, with affordable condominiums, government housing initiatives, and emerging regional gr...

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DBS remains analysts’ pick ahead of Q3 earnings after Singapore banks’ share slump
Oct 16, 2026

DBS remains analysts’ pick ahead of Q3 earnings after Singapore banks’ share slump

Still, the lending environment remains ‘favourable’; calls on OCBC and UOB are mixed...

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