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Turkey’s Limak Group joins bid to win NAIA rehab program

The Department of Transportation (DOTr) on Monday said a Turkish conglomerate has bought bid documents to rehabilitate, optimize and maintain the Ninoy Aquino International Airport, bringing to eight the number of prospective bidders for the project. 

Diokno to vote to hold rate in next MB meeting

Finance Secretary Benjamin Dioko said on Monday he will vote to keep interest rates steady when the central bank meets to review policy on 16 November.

CalPERS to double climate investments, consider asset sales

California's top public pension system on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition.

Lithium producers stay bullish on EVs despite growing headwinds

The world's largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.

Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.

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Foreign currency reserves drop to $97.4B

The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

ASEAN growth summit brings business leaders, Angelina Jolie to Manila

The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.

Japan-Philippines friendship highlighted at 82nd Battle of Surigao Strait commemoration

The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.

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