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Wall Street rallies as Senate nears vote to end government shutdown

U.S. stocks surged Monday as momentum built on Capitol Hill toward ending the 41-day government shutdown—the longest in American history. Hopes for a deal sent markets higher: the Dow Jones Industrial Average jumped 0.8 percent, the S&P 500 climbed 1.5 percent, and the tech-heavy Nasdaq soared 2.3 percent.

Robinsons Retail secures PCC clearance for Premiumbikes acquisition

Robinsons Retail Holdings Inc., the listed retail arm of the Gokongwei Group, said it secured the greenlight from the Philippine Competition Commission (PCC) to...

SM Prime’s Q3 profit rises 8% on strong mall, convention center performance

SM Prime Holdings Inc. reported an 8 percent increase in net income to ₱12.8 billion for the third quarter, up from ₱11.8 billion a year earlier, driven mainly by its mall and convention center businesses.

RCBC Credit Cards launches Travel Fair 2025 with exclusive deals, prizes

RCBC Credit Cards is inviting cardholders to plan their next big adventure at the RCBC Travel Fair 2025, happening November 13 to 16 at the South Wing Atrium of GH Mall. This year’s theme, “Adventure Unlimited,” highlights exclusive travel deals, raffle prizes, and special perks for RCBC cardholders—perfect for those planning trips through October 2026.

SMFB posts 11% profit growth in first nine months

San Miguel Food and Beverage Inc. (SMFB) reported a consolidated net income of ₱33.7 billion for the first nine months of 2025, up 11 percent year-on-year, driven by strong performances across its food, beer, and spirits divisions.

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ADB: Philippines stays course despot inflation surge

Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.
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