Peso strengthens further to P62.585 vs. $1

Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It...

The Government Service Insurance System (GSIS) on Wednesday announced expanded benefits and financial assistance to government retirees, including higher funeral benefits, stronger survivorship protections, and solar energy loans for pensioners.

The global artificial intelligence trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool and anticipation surrounding the China-US leadership summit reignite investor interest in technology stocks. The Nasdaq-100 Index – where tech firms make up nearly 70 per cent of the 100 companies featured – hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s...

Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have...

A decade after negotiations began, the Philippines and the European Union (EU) have finally concluded talks on a landmark free trade agreement (FTA), opening the door for Philippine goods to further penetrate the 450-million-strong European market and vice versa. Philippine Trade Secretary Cristina Roque and EU Commissioner for Trade and Economic Security Maroš Šefčovič reached

Record-breaking heat, devastating droughts, deadly wildfires and heavy rain and severe floods around the world over recent months have sparked a new urgency in the search for practical solutions to climate change. The challenge for governments is not only to generate cleaner sources of power, but also to use safer and more efficient energy technologies and storage systems that are affordable and scalable so they can have a global impact. Hong Kong is increasingly positioning itself as an...

Thailand's National Electric Vehicle Policy Committee approved a new EV tax structure linking taxes to automakers' local value creation.

The Asian Development Bank (ADB) is expecting the Philippine economy to grow slower due to lingering uncertainty due to the Middle East crisis and severe dry weather brought by El Niño phenomenon.

Flag carrier Philippine Airlines (PAL) on Wednesday announced it is launching a limited time flash sale for the return of its nonstop Manila-Dubai service.

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MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may cap its tightening cycle with one more rate hike to help weather volatility stemming from a hawkish US Federal Reserve (Fed). In a note to clients, economists at Australia and New Zealand Banking Group Ltd. (ANZ) said such a response is needed as the Philippines—much like

MANILA, Philippines — The Association of Southeast Asian Nations (Asean) has begun to lay down concrete projects that would anchor its landmark Digital Economy Framework Agreement (Defa), which is expected to come into force next year. The Singaporean government, which will lead the 11-member regional bloc next year as its chair, said projects that would define