Philippines Business News

U.S. Treasury yields slide after CPI-driven spike

BSP revamps capital rules for banks’ fraud, cyber risks

The Bangko Sentral ng Pilipinas has adopted a new framework for determining how much capital banks must maintain against losses from fraud, cyberattacks and operational failures, with full implementation set for December 2027.

Business group pushes reforms in 10 priority areas

The country’s largest business organization is pushing for reforms in 10 priority areas to attract investments and create domestic value and benefits that reach communities beyond major corridors.

Converge clinches triple win at HR Asia Awards

Leading fiber broadband and technology provider Converge ICT Solutions Inc. is strengthening its reputation as an employer of choice in the Philippines, earning three major recognitions at the 2026 HR Asia Best Companies to Work for in Asia Awards for its commitment to employee engagement, Diversity, Equity, Inclusion (DEI) and workplace sustainability.

DA cancels P700 million rice shipment from Vietnam

Agriculture Secretary Francisco Tiu Laurel Jr. said the Department of Agriculture (DA) had ordered the cancellation of the import permit for a P700-million rice shipment from Vietnam, days before the vessel arrived in the Philippines.

DA mobilizes LGUs to boost ube output

To boost local ube production, the Department of Agriculture is teaming up with local government units to create better export opportunities for growers and meet rising global demand.

El Nino effect: Double-digit decline in palay output seen

The country’s palay or unmilled rice harvest is projected to decline by 17 percent in the third quarter, according to the Philippine Statistics Authority.

Harm reduction and taxation can go together

Last weekend, I attended the 1st ASHRA Congress: Harm Reduction in the Asia-Pacific Rim, at the Sapporo Convention Center in Sapporo, Hokkaido, Japan. It was organized by the Asia-Pacific Society of Harm Reduction and Addiction (ASHRA), composed mostly of physicians, psychologists, neurosurgeons, psychiatrists and other health professionals.

Pag-IBIG extends home financing program to Rockwell Land units

Rockwell Land Corp. has partnered with Pag-IBIG Fund to offer homes across different price segments, including premium residences under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) program.

PAGCOR profit to drop below P5 B this year

The Philippine Amusement and Gaming Corp. expects its net income to fall below P5 billion this year from P17.47 billion in 2025, weighed down by higher mandatory remittances to the government’s sports agency and weaker gaming revenues amid slowing consumer spending.

Philippines fiber linkage among lowest in Asia-Pacific

The Philippines has one of the lowest penetration rates for fiber-to-the-home services in Asia-Pacific, as Filipinos prefer mobile data due to its cheaper pricing.

Philippines pitched as Asia’s subsea cable corridor

The Philippines, with its strategic location, has the potential to become a convergence point for submarine cables, but this would require investing in high-value assets, according to telco giant PLDT Inc.

Readiness for Super El Niño

It is the middle of October, well into the “ber” months, when mornings are supposed to turn cool and Christmas songs play in the background. But this year, the weather has not kept to the calendar. The heat and dry air make us feel as if the dry season never really left, with only a few intermittent downpours to interrupt it.

Stocks plunge anew as IMF flags growth risk

The local stock market suffered a steep decline, losing for a second straight session amid lingering economic concerns raised by the International Monetary Fund.

Tubig Pilipinas resumes stock trading

The Philippine Stock Exchange Inc. has lifted the trading suspension on shares of Tubig Pilipinas Holdings Inc., formerly Coal Asia Holdings Inc., after nearly 10 months.

Huawei's NG WAN Solution Enters Large-Scale Commercial Use to Drive Carrier Growth

VIENNA, Oct. 14, 2026 /PRNewswire/ -- On October 13, at the Net5.5G Intelligent IP Network Summit during UBBF 2026, John Cai, Vice President of Huawei's Data Communication Product Line, delivered a keynote speech, highlighting AI as a definitive opportunity in an uncertain future. He noted that the widespread deployment of the NG WAN Solution marks the full-scale commercialization of NG WAN. He stated that Huawei hopes to collaborate with industry stakeholders to continuously fortify a secure, r

AITO Looks Ahead to Europe, Building a Thriving Automotive Ecosystem

PARIS, Oct. 14, 2026 /PRNewswire/ -- At the 2026 Paris Motor Show, Clifford Kang, Board Member and Vice President of SERES Group, announced that AITO plans to officially enter the European market in autumn 2027, marking another major step in its global development. With deep respect for Europe's automotive heritage, AITO looks forward to collaborating and growing with partners around the world. The AITO launch event at the 2026 Paris Motor Show, with a speech by Clifford Kang, Board Member and V

Fortune Names Vinamilk CEO Among Asia's 100 Most Powerful Women for the Third Consecutive Year

HO CHI MINH CITY, Vietnam, Oct. 14, 2026 /PRNewswire/ -- Marking a significant milestone in its 50-year journey of pioneering nutritional advancements, Vietnam Dairy Products Joint Stock Company (Vinamilk) announces that CEO Mai Kieu Lien has been honored in Fortune's list of Asia's 100 Most Powerful Women for 2026. Ranking 71st, up two places from 2025 and four from 2024, this marks her third consecutive appearance on the prestigious list. The recognition validates Vinamilk's steadfast commitme

Uzbekistan Hospitality Group TEG Completes U.S. Business Combination

Historic milestone positions TEG to capitalize on Uzbekistan's rapidly expanding tourism market and execute its growth pipeline NEW YORK, Oct. 14, 2026 /PRNewswire/ -- TEG SPV LLC ("TEG"), a leading Uzbekistan-based, integrated hospitality, tourism and events business, today announced the successful completion of its business combination with StageWise Strategies Corp. ("STWI"), establishing the first U.S.-traded business from Uzbekistan. TEG Overseas, Inc. The transaction was completed pursuant

Bybit Revamps App to Reflect New Financial Platform Positioning, Unifying Crypto, Stocks, Macro Assets, Earn, and Alpha

DUBAI, UAE, Oct. 14, 2026 /PRNewswire/ -- Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has refreshed the Bybit experience after its global brand campaign. The revamped app homepage, in a nod to Bybit's New Financial Platform positioning, is now available to the public, bringing multiple asset classes, market data, enhanced retail user experience, and institutional-style tools into a connected app experience. The upgrade presents all opportunities in one inte

SwitchBot and Nanoleaf Bring Comprehensive Support for Apple HomeView Across the Connected Home

TOKYO, Oct. 14, 2026 /PRNewswire/ -- Joining forces, SwitchBot and Nanoleaf today announced a dedicated smart home experience featuring compatible SwitchBot and Nanoleaf devices via Apple HomeView. The experience demonstrates how products from both brands can come together through Apple HomeView for more connected living, room by room. SwitchBot and Nanoleaf for Apple HomeView Through Apple HomeView, users can control compatible curtains, blinds, locks, lights, appliances, and other devices, che

ROYAL CARIBBEAN UNVEILS MORE WAYS TO EXPLORE EUROPE IN 2028-29 WITH NEW YEAR-ROUND SEASON

Travellers can discover Europe year-round with new winter adventures to the Canary Islands, Madeira and Morocco, summer adventures across Scandinavia and the Greek Isles, and visits to Royal Beach Club Santorini MIAMI, Oct. 14, 2026 /PRNewswire/ -- Royal Caribbean is expanding its 2028-29 Europe lineup with the brand's boldest year-round season, offering more ways to explore the Mediterranean, Northern Europe and the Canary Islands across seven ships. For the first time, holidaymakers can explor

Tsingke Customer Quality Audit Highlights Manufacturing Systems and Quality Controls

BEIJING, Oct. 14, 2026 /PRNewswire/ -- As synthetic biology expands into new applications, standardized manufacturing processes, reliable production data, and robust quality management systems are becoming increasingly important. Tsingke recently hosted an on-site customer quality audit conducted by Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. at its Chengdu manufacturing facility. The audit focused on four key areas: raw material traceability, equipment lifecycle management, computerized s

Constellation Re Bermuda, Ltd. completes inaugural transaction, receives 'A' rating from Fitch Ratings

HAMILTON, Bermuda, Oct. 14, 2026 /PRNewswire/ -- Constellation Re announced today the successful completion of the inaugural reinsurance transaction for Constellation Re Bermuda, Ltd. (CRBL), its Bermuda-domiciled licensed reinsurer. The strategic intercompany reinsurance transaction involves term and universal life insurance and disability income products. The transaction expands Constellation Re's reinsurance capabilities and operational footprint in Bermuda. Concurrent with the inaugural tran