Global oil prices surged sharply, with Brent Crude for May delivery breaching USD100 per barrel for the first time in nearly four years as Iran threatened to keep the Strait of Hormuz closed amid escalating tensions with the US and Israel.

D.M. Wenceslao and Associates Inc., a listed integrated property developer, posted stronger earnings in 2025 as stable rental income and improving residential sales lifted results, underscoring the growing maturity of its flagship Aseana City estate.

Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).