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WEF co-chair dismisses idea of moving annual event from Davos

The World Economic Forum’s co-chair, Andre Hoffmann, dismissed the idea of the organization’s annual flagship meeting moving from its longstanding location in Davos.

2026-01-23T17:41:37Z

Philippines' foreign reserves hit $110.9B in 2025

The Philippines closed 2025 with a foreign liquidity buffer of over $100 billion, still near the record high last seen in September 2024, data released by the Bangko Sentral ng Pilipinas (BSP) showed. The country’s gross international reserves (GIR)—a measure of the ability to settle import payments and settle foreign debt—stood at $110.872 billion as of end-December 2025, lower than the $111.253 billion as of end-November 2025. “The monthly...

2026-01-08T09:03:01Z

Alaska Air rises on strong premium demand after profit beat

Alaska Air Group Inc. rose after it beat Wall Street’s expectations and reported strong demand for premium and business flying, though it joined larger rivals in offering a more tepid outlook for 2026.

2026-01-23T00:06:34Z

Intel’s stock meltdown risks eroding Trump-endorsed comeback

Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.

2026-01-23T19:27:01Z

Dollar’s worst week since May comes with US ‘policy nightmare’

The dollar is marking its worst week since May, fueling gains in the yen and other global currencies after a week of unpredictable US policymaking that rattled financial markets.

2026-01-23T08:56:45Z

2026 market crash feared by majority of investors

A new poll has found that 76 percent of investors are at least somewhat concerned about a downturn in 2026.

2026-01-23T13:23:46Z

Germany lauds climate finance pact decried by South African minister

Days after South Africa’s electricity minister questioned the benefits of a $10 billion climate-finance pact between the country and some of the world’s richest nations, Germany lauded its success.

2026-01-23T15:41:30Z

When are February 2026 Social Security payments coming?

Most people receiving benefits are paid according to their birthday, though not everyone follows that schedule.

2026-01-23T09:33:06Z

EU to suspend planned counter-tariffs on €93 billion of US goods

The European Union will suspend retaliatory tariffs on €93 billion ($109 billion) of US goods for another six months after US President Donald Trump backed down from his threat to impose levies on some EU countries that opposed his push to annex Greenland.

2026-01-23T14:41:38Z

Emirates to add four weekly Dubai-Manila flights

Emirates is set to boost its flights between Dubai and Manila with four additional weekly trips starting April 2, as the carrier seeks to cater to more passengers and boost its cargo capacity following the trade agreement between the two countries. The additional flights will depart Dubai every Monday, Wednesday, Thursday, and Saturday at 12:45hrs and arrive in Manila at 1:25hrs the next day. Return flights will depart Manila at 3:25 a.m., and...

2026-01-20T06:02:58Z

Jollibee plans US listing for international business with new structure review

Jollibee Foods Corp. (JFC) on Wednesday said it is now reviewing the transaction structure for the planned US listing of its international business late next year, with internal teams and external advisers assessing options for the share distribution. According to JFC chief financial officer Richard Shin, current shareholders of JFC will receive shares in the international business that will be listed in the US, corresponding to their prevailing...

2026-01-15T05:02:57Z

PH government to ramp up infra spending in Q1

Philippine officials on Friday vowed to ramp up infrastructure spending this year after corruption concerns — particularly involving flood control projects — slowed disbursements and weighed on economic growth over the past two quarters. According to Department of Public Works and Highways Secretary Vivencio “Vince” Dizon, the agency targets to spend between P200 billion to P250 billion in the first quarter, with the administration aiming to hit...

2026-01-16T08:03:00Z

Santander investment banking vice chair David Miller to leave

Banco Santander SA’s vice chair of investment banking David Miller is set to leave the firm.

2026-01-23T15:01:36Z

Rieder’s market support, Fed plans seen as boon for chair job

Rick Rieder’s Wall Street bona fides and openness to making changes at the Federal Reserve have bolstered his candidacy for the central bank’s top job, according to people familiar with the White House deliberations.

2026-01-23T19:26:36Z

HSBC slashes PH growth outlook as corruption hits spending

The impact of corruption concerns on infrastructure spending will likely drag economic growth to below government targets for both 2025 and 2026, the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) said Tuesday. According to HSBC ASEAN economist Aris Dacanay, the Philippine gross domestic product (GDP) is now seen to have grown by an average of 4.7% in 2025, slower than the previous outlook of 5.4%, and lower than the downgraded 5.5% to...

2026-01-13T08:02:57Z

Natural gas discovered at Malampaya East 1 — Marcos

President Ferdinand ''Bongbong'' Marcos Jr. on Monday announced the discovery of natural gas reservoir in the Malampaya Field, which aims to strengthen the country's gas supply in the coming years. In a video message, Marcos said the discovered reservoir, called Malampaya East 1 or MAE-1, is located about five kilometers east of the existing Malampaya Field. It is estimated to contain around 98 billion cubic feet of gas in place. ''Katumbas nito...

2026-01-19T01:02:57Z

JICA releases ¥10B post-disaster standby loan for Tino recovery

The Japan International Cooperation Agency (JICA) has released ¥10 billion (P3.7 billion) as part of the first tranche of its Post-Disaster Standby Loan Phase 3 (PDSL3) to bolster the Philippines’ recovery and rehabilitation efforts following Typhoon Tino’s onslaught last year. In a statement on Tuesday, JICA announced the disbursement of the standby loan following a request from the Department of Finance (DOF). The release of the funds was...

2026-01-20T18:03:01Z

PIDS sees PH economy growing 5% in 2025, 5.3% in 2026

State think tank Philippine Institute for Development Studies (PIDS) is projecting the country’s economy to grow by 5% in 2025 and 5.3% in 2026 even as it flagged risks that might offset growth momentum. At a webinar on Thursday, PIDS senior research fellow Dr. John Paolo Rivera presented the think tank’s growth outlook for last year and this year, which he said are “very much aligned with the forecast of multilateral agencies—the Asian...

2026-01-15T08:02:58Z

NanoForge Solutions invests $1.2M for air filter manufacturing plant in Cavite

Manufacturing firm NanoForge Solutions Inc. has launched a $1.2-million advanced air filter production plant in Carmona, Cavite, as the company seeks to position the Philippines as a global hub for high-value products moving forward. The 2,600-square-meter facility — which was officially inaugurated on January 15, 2026 — is set to primarily serve export markets including the United States. The company currently has a total of 65 employees, which...

2026-01-23T09:02:57Z

In the case of the Federal Reserve, Supreme Court appears to carve out a murky exception

WASHINGTON (AP) — The Supreme Court for the past year has repeatedly allowed President Donald Trump to fire heads of independent agencies, but it appears to be drawing a line with the Federal Reserve. The court has signaled for months that it sees the Fed in a different light. It has said that the president can fire directors of other agencies for ...

2026-01-23T05:02:00Z

ATRAM Trust completes merger with UnionBank Investment

ATRAM Trust Corporation (ATC) on Monday announced the completion of its merger with UnionBank Investment Management and Trust Corporation (UBIMTC), marking the first merger of its kind in the Philippines. Under the merger, ATC— as the surviving entity —assumed all fiduciary and investment management responsibilities previously carried by UBIMTC, as approved by the Bangko Sentral ng Pilipinas (BSP) and registered with the Securities and Exchange...

2026-01-19T11:03:01Z

Gold nears $5,000, silver shines as stocks slip on turbulent week

Global stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and hit European allies with fresh tariffs. Sentiment has calmed over the past two days after the US president pulled back from his threat to hit several European nations with levies because of their opposition to Washington taking over the Danish autonomous territory.

2026-01-23T03:15:53Z

TikTok: key things to know

Video-sharing platform TikTok has over a billion users worldwide, including more than 170 million in the United States, it says -- nearly half the country's population. The platform has faced scrutiny worldwide, particularly in the United States, over data privacy and potential ties to the Chinese government, including accusations of spying and propaganda.

2026-01-23T02:45:52Z

P1.015-trillion DepEd budget for 2026: Where the money goes

The Department of Education (DepEd) has been granted a P1.015-trillion budget for 2026, the largest allocation in its history. It marks the first time that the Philippines has met UNESCO's benchmark that a country must allocate at least 4% of its GDP to education, and carries the government's stated aim to strengthen basic education by addressing long-standing gaps in classrooms, nutrition, learning materials, digital access, and teacher...

2026-01-08T18:03:00Z

Private credit deal gone bad spawns court fight over conflicts

Planet Networks Inc. thought it had landed a $50 million private credit deal to finance the fiber internet company’s expensive push into New York’s Hudson Valley. Instead, its founder now says a private equity firm dangled the loan to access his trade secrets while its own competing startup tried to swoop into the region.

2026-01-23T17:51:33Z

Francesca’s closing stores nationwide: How each state is impacted

A representative of the company told Women's Wear Daily that it would be shuttering all stores "closing soon."

2026-01-23T18:33:42Z

PH, UAE ink historic free trade deal

The Philippines and the United Arab Emirates on Tuesday signed a historic free trade agreement as part of Manila’s efforts to expand its global trade footprint. President Ferdinand “Bongbong” Marcos Jr. and UAE President Sheikh Mohamed bin Zayed Al Nahyan witnessed the historic signing of the Comprehensive Economic Partnership Agreement (CEPA). The inking of the historic trade deal was conducted on the sidelines of the Abu Dhabi Sustainability...

2026-01-13T10:03:00Z

German auto supplier ZF axes electric projects as demand stalls

Major German automotive supplier ZF Friedrichshafen said Friday it had scrapped some of its electric vehicle projects due to lacklustre demand, leading it to expect an annual loss. The move makes ZF Friedrichshafen the latest German company to report bumps in the road when it comes to the electric vehicle ramp-up.

2026-01-23T13:00:52Z

Doordash, Uber fail to stop NYC law requiring 10% tip prompt

DoorDash Inc. and Uber Technologies Inc. lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Monday.

2026-01-23T15:56:53Z

CEOs flag jittery US consumers as global tensions intensify

Corporate executives are warning that jittery US consumers and mounting geopolitical tensions are starting to weigh on demand as the earnings season unfolds, even as headline economic data remains resilient.

2026-01-23T12:31:35Z

DOF Sec. Frederick Go takes oath as Monetary Board member

Finance Secretary Frederick Go has officially taken his oath of office as the Cabinet representative to the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), ahead of its scheduled meeting next month. Go took his oath at the BSP Head Office in Manila on Thursday, January 8, 2026, as administered by BSP governor and Monetary Board chairman Eli Remolona Jr., taking over the post previously held by former Finance...

2026-01-08T06:02:58Z

Abu Dhabi-based G42 eyes data center in PH, DICT's Aguda says

Department of Information and Communications Technology Secretary Henry Aguda said tech firm G42, which is based in Abu Dhabi, is eyeing to establish a data center in the Philippines. ''Noong patapos na po kami sa Abu Dhabi may nagpahabol pa po na isa pang data center, G42, taga-UAE rin po, sila nagbabalak na magtayo rin ng another data center,'' Aguda said in a Palace press briefing. (When we were about to be finished in Abu Dhabi, G42 also...

2026-01-15T08:02:58Z

Energy deals to lead PH M&A growth in 2026, PwC says

Mergers and acquisitions (M&A) in the Philippines are expected to grow this year, primarily in energy and grid-adjacent assets, following the decline in 2025 when investors were strategically selective, a report released by Isla Lipana & Co. (PwC Philippines) on Friday revealed. According to PwC Philippines’ Year-End M&A Report 2025, there were 74 M&A deals in the Philippines as of December 4, 2025, equivalent to a total deal value of $4.6...

2026-01-09T06:02:59Z

US consumer sentiment reaches five-month high in broad gain

US consumer sentiment increased to a five-month high in January as Americans grew more optimistic about the economy and their finances.

2026-01-23T15:37:08Z

TikTok establishes joint venture to end US ban threat

TikTok announced Thursday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership. The new structure responds to a law passed under US President Donald Trump's predecessor Joe Biden that forced Chinese-owned ByteDance to sell TikTok's US operations or face a ban in its biggest market.

2026-01-23T01:45:51Z

Intel suffers worst decline in 17 months after bleak forecast

Intel Corp. shares plunged about 17% after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems.

2026-01-23T00:22:02Z

Crypto’s quiet spell will not last long

Crypto is working through the same kind of reset that other asset classes have faced after long speculative climbs.

2026-01-23T19:53:09Z

PH returns to global bond market with triple-tranche bond sale

The Philippines returned to the international debt market on Tuesday with a triple-tranche bond sale of 5.5-, 10-, and 25-year notes, with proceeds earmarked for the government’s general budget financing as it manages a fiscal deficit. Initial pricing guidance for the shortest tranche was announced at T+70 basis points, the 10-year tranche at T+100 basis points, and at 5.90% for the 25-year tranche. The transaction will be priced during the New...

2026-01-20T11:02:57Z

CEOs leave Davos warning Europe to shape up or lose to US, China

Whether it’s in pharmaceuticals, artificial intelligence, or defense, executives attending the World Economic Forum in Davos this week had a stark warning for Europe: Get your house in order or lose out to the US and China.

2026-01-23T16:56:13Z

US consumers keep spending faster than incomes are growing

US income growth is running further behind consumer spending, prompting Americans to dip into their savings and generating concerns about the sustainability of robust household demand — the economy’s main engine.

2026-01-23T13:26:33Z

MTN’s Iran troubles deepen with CEO ousted over shutdown delay

Africa’s largest telecom company has become embroiled in Iran’s decision to shut down communications during this month’s deadly crackdown on protests.

2026-01-23T13:06:34Z

Georgia governor suspends lawmaker accused of unemployment fraud

ATLANTA (AP) — Georgia Gov. Brian Kemp on Thursday suspended a state House member accused of lying to collect federal unemployment benefits during the pandemic. Kemp accepted a report from a review commission finding that the charges against Democratic state Rep. Sharon Henderson of Covington hurt her ability to perform her duties. The Republican g...

2026-01-22T23:01:18Z

IWG to launch six new PH centers in Q1 2026

International Workplace Group (IWG), a multinational provider of flexible workspace solutions, is set to launch six new centers in the Philippines in the first quarter of 2026, as part of plans to open 29 new locations nationwide in the short term. IWG said the new centers will be located at Spaces Calles Industria in Quezon City; Spaces The Stiles Enterprise Plaza in Makati City; HQ Kalayaan Building in Makati City; Regus E-Square Mall in San...

2026-01-21T06:02:59Z

Saks OFF 5th digital to liquidate inventory while in bankruptcy

The discount online arm of Saks Global Enterprises won court approval to hire a liquidator to sell its inventory separately from the rest of the luxury retailer.

2026-01-23T16:26:34Z

ByteDance emerges from TikTok saga with 'major win' on US access

After almost seven years, three US presidencies and a near-total ban, ByteDance Ltd. has secured a definitive victory in its standoff with Washington.

2026-01-23T19:36:48Z

Wall Street drifts as Intel tumbles and gold's price rises to another record

NEW YORK (AP) — The U.S. stock market is drifting in mixed trading on Friday, as a zigzag week punctuated by loud threats and pullbacks heads toward a quieter close. The S&P 500 rose 0.1% but remained on track to finish a second straight week with a modest loss. The Dow Jones Industrial Average was down 288 points, or 0.6%, with a little less than ...

2026-01-23T05:19:58Z

Economic leaders at Davos say global growth is resilient despite Trump disruption

DAVOS, Switzerland (AP) — Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a world where trade will continue to flow and international cooperation is still bad...

2026-01-23T12:34:42Z

No, Jeff Bezos did not advise people to work at McDonald's

The billionaire Amazon founder has denied a claim that was posted on social media by Polymarket, a prediction market platform.

2026-01-23T13:33:50Z

BIR to partner with TikTok for tax education

The Bureau of Internal Revenue (BIR) announced Thursday that it is forming a partnership with social media platform TikTok to promote tax education and boost voluntary compliance. In a press statement, the BIR said Internal Revenue Commissioner Charlie Mendoza and other bureau officials held a meeting with the TikTok team led by Yves Gonzalez, head of Public Policy for TikTok in the Philippines, to discuss their upcoming collaboration. Under the...

2026-01-15T05:02:58Z

Swiss finance minister opposed to AT1 compromise for UBS

Switzerland’s finance minister says she opposes a compromise proposal floated by lawmakers as part of the debate about new capital requirements for UBS Group AG, dashing hopes her stance had softened on the issue.

2026-01-23T17:41:07Z