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GSIS extends aid to quake-hit Cebu members

Banking & Insurance Context.ph Context.ph -
The Government Service Insurance System (GSIS) announced its readiness to assist members and pensioners in Bogo and other quake-hit areas in Cebu, following the recent magnitude 6.9 earthquake that caused structural damage and disrupted daily life.

EEI names new Infrastructure Division head

Corporate Bulletins Context.ph Context.ph -
EEI Corp., one of the Philippines’ largest construction firms, has appointed Paul C. Visaya as head of its Infrastructure Division, effective this October. The move is part of a broader restructuring of the company’s organizational framework.

US market, gold gain despite government shutdown, job losses

Markets Context.ph Context.ph -
Major U.S. markets shrugged off a federal government shutdown and weaker labor data on Wednesday, with equities and gold both pushing higher.

More foreign currency expense than earnings seen persisting through 2026 

Top News Context.ph Context.ph -
The Bangko Sentral ng Pilipinas (BSP) projects the country's balance of payments (BOP) to remain in deficit over the next two years, as current account pressures persist.

McDonald’s Cebu stores resume operations after quake

Corporate Bulletins Context.ph Context.ph -
Following the 6.9 magnitude earthquake on September 30, McDonald’s Philippines reported that all employees, managers, and customers are safe. The company reaffirmed that the safety of its people remains its top priority.
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ASEAN signs digital pact targeting $2T economy by 2030

Communications & Technology 0
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.

Philippines, Canada conclude FTA talks, target 2027 signing

Trade & Investments 0
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.

ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag

Trade & Investments 0
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.

A week of unfortunate events: Ay, naku!

Opinion 0
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
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