MANILA, Philippines — Consumers may need to brace for power interruptions, as high demand amid tight supply caused by coal plant outages on Tuesday has prompted the grid operator to place the Visayas grid under red alert. In an advisory, the National Grid Corp. of the Philippines (NGCP) said the red alert would be in
Read full articleAn independent Asia-Pacific equity-capital-markets research firm Aequitas Research is tracking the upcoming initial public offering of Mynt Inc., the parent company of GCash, placing the PSE-approved listing among significant regional equity-market transactions being watched by investors.
Television maker Hisense Group Holdings’ optical communications unit made a steady debut in Hong Kong after raising HK$5.6 billion (US$714 million), adding momentum to a fresh wave of mainland Chinese conglomerates spinning off business units to tap overseas capital and support technology expansion. Shares of fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2 per cent on Tuesday morning, valuing the company at more than HK$35 billion. The stock pared early...
The Bureau of Internal Revenue (BIR) said Tuesday its one-time Abatement Program for Micro Taxpayers received more than 6,234 applications during the first two months of the initiative's implementation.
MANIBELA renews call for fare increase amid rising fuel prices
PLDT Inc."s wireless unit, Smart Communications Inc., is partnering with artificial intelligence (AI) orchestration platform Avtica in a bid to make AI tools more accessible and affordable.
The Department of Energy (DOE) does not foresee oil prices going down to pre-war levels anytime soon amid the prolonged conflict in the Middle East.
Hong Kong’s stock market is getting a dose of optimism from mainland China’s 41 trillion yuan (US$6.1 trillion) insurance industry, as some insurers are widely speculated to have bought exchange-traded funds (ETFs) in the city one month after regulators approved such purchases. Market observers highlighted a spike in trading volume for several Hong Kong-listed ETFs on Monday as evidence of buying by the mainland insurance companies. The National Financial Regulatory Administration, the watchdog...
Many people across Asia are generally positive about their healthcare experiences, according to research by Economist Impact, commissioned by Prudential. However, the report also found that satisfaction levels vary widely across markets, with more than 80 per cent admitting they have delayed seeking care. The report, “Patient voices: experiences of healthcare access in Asia,” is based on a survey of 4,200 people conducted from April to May 2025, and examines the patient experience in Hong Kong,...
PH, EU reach 'substantial agreement" on free trade deal
Saudi Arabia’s withdrawal from a China-led digital currency platform would carry greater symbolic than operational significance, analysts say, highlighting pressures facing countries caught between US influence and alternatives to dollar-based payments infrastructure. In a response to inquiries from the South China Morning Post, the Saudi Central Bank said it had participated in mBridge – a multilateral central bank digital currency platform seen as an alternative to the traditional US...
MANILA, Philippines — The Philippine economy is unlikely to mount a meaningful recovery in the third quarter amid renewed scrutiny of the flood control corruption scandal, prompting BMI Research to slash its full-year growth outlook anew to just 3.3 percent. In a note to clients, BMI, a unit of Fitch Solutions, said it cut its
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) saw its profits breach P100 billion in the January to April period, as a sharp decline in expenses more than offset a drop in revenue. The BSP’s net income nearly doubled from the same period last year to P100.9 billion, according to data posted on the central