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Trump boosts Argentina beef imports in affordability push

President Donald Trump signed a directive on Friday further increasing the amount of beef imported into the US from Argentina, his latest move to address Americans’ concerns about affordability.

2026-02-06T22:11:31Z

Marcos: PH telco industry valued at over $6B in 2025

President Ferdinand ''Bongbong'' Marcos Jr. said Thursday that the Philippines' telecommunications sector had a value of over $6 billion in 2025, committing that his administration would continue to improve connectivity in the country. Marcos said this during the Telco Summit in Pasay City, wherein he reaffirmed the commitment of his administration that every Filipino ''gains the opportunity to connect, to learn, to work, and to move forward.''...

2026-02-05T11:02:58Z

BSP: Interbank repo market set to overtake FX swaps this year

DUMAGUETE CITY — The Philippine interbank repo market is growing “very fast” and could overtake foreign exchange (FX) swaps before the end of the year, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said. “I see very encouraging signs in the development of these markets. The money market, in the form of repo contracts, is growing rapidly. Almost nothing a year and a half ago is now around P100 billion in transactions,” he told...

2026-02-02T07:02:58Z

Trump praises Nexstar-Tegna broadcast television deal he once opposed

WASHINGTON (AP) — President Donald Trump endorsed Nexstar Media Group's $6.2 billion purchase of broadcast rival Tegna on Saturday, an apparent reversal from earlier criticism of the deal. “We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote on social media. “Letting Good Deals get done like Nexstar — Tegna ...

2026-02-07T16:54:43Z

GCash lending arm secures ₱1.75-B MSME loan facility from ADB

Fuse Finance Inc., the lending arm of fintech giant GCash, and multilateral lender Asian Development Bank (ADB) on Friday signed an agreement to boost financing for micro, small, and medium enterprises (MSMEs) in the Philippines. At an event in Taguig City, Mynt (GCash parent) president and CEO Martha Sazon, Fuse Financing president and CEO Tony Isidro, and ADB director general for sectors department in finance Christine Engstrom signed the...

2026-02-06T13:02:58Z

Washington Post publisher Will Lewis says he's stepping down, days after big layoffs at the paper

Washington Post publisher Will Lewis said Saturday that he’s stepping down, ending a troubled tenure three days after the newspaper said that it was laying off one-third of its staff. Lewis announced his departure in a two-paragraph email to the newspaper's staff, saying that after two years of transformation, “now is the right time for me to step ...

2026-02-07T23:21:54Z

Trump removes India’s 25% Russia-related tariff after deal

President Donald Trump eliminated the extra 25% tariff he had imposed on Indian goods over the country’s purchases of Russian oil, the first step to cement the terms of a trade deal the two nations announced earlier this week.

2026-02-06T23:11:03Z

Americans can get free Chipotle during the Super Bowl

If you’re one of the first 100,000 fans to text the code after watching an Instagram reel, you’ll earn a free entree.

2026-02-08T11:13:06Z

Nvidia-led boom to turn chips into trillion-dollar industry

The semiconductor industry will reach $1 trillion in revenue this year for the first time ever, fueled by artificial intelligence and the spread of computer chips to virtually every part of the economy.

2026-02-06T11:36:36Z

What's at stake for Indian agriculture in Trump's trade deal?

Indian farmers have expressed concern that New Delhi has made too many concessions to Washington after the two countries brokered a new trade deal that would lower tariffs. - To stem concerns, India's Trade Minister Piyush Goyal reassured farmers that their interests would be safeguarded, adding that the key red lines that had been drawn by New Delhi had not been crossed.

2026-02-08T05:20:18Z

PH, Japan finalized update of tax treaty, DOF says

The Department of Finance (DOF) on Tuesday said it led formal negotiations to update the Philippines-Japan Double Taxation Convention (DTC). The talks were held from January 27 to 30. “As one of the Philippines’ most vital and enduring economic partners, the negotiation with Japan underscores our countries’ mutual commitment to strengthening partnership by providing a clear, modern, and equitable tax treaty framework,” said Finance Secretary...

2026-02-03T14:02:59Z

World’s central banks increasingly look to Fed for top hires

From Istanbul to Rome, central banks with senior vacancies are embracing the pedigree that comes with a career spent in US policymaking.

2026-02-07T08:17:05Z

Trump backs television broadcaster Nexstar’s bid for Tegna

President Donald Trump backed television broadcaster Nexstar Media Group’s proposed $3.5 billion acquisition of Tegna Inc., reversing his earlier opposition to the idea and saying it would be good for competition.

2026-02-07T16:26:37Z

Inflation accelerates to 11-month high in January

The Philippine inflation rate hit an 11-month high in January due mainly to higher prices of housing and utilities, government data released on Thursday showed. Consumer prices grew by 2.0% in January, accelerating from 1.8% in December 2025, but slower than the 2.9% in January 2025. This is the fastest in 11 months since the 2.1% in February 2025. The Philippine Statistics Authority (PSA) attributed the uptrend to the 3.3% increase in prices of...

2026-02-05T03:02:58Z

India, Malaysia pledge deeper semiconductor ties on Modi visit

India and Malaysia pledged Sunday to deepen their semiconductor partnership as the Indian Ocean neighbours ramp up trade and security links during a visit by Prime Minister Narendra Modi. "Along with AI and digital technologies, we will advance our partnership in semiconductors, health, and food security," Modi said.

2026-02-08T05:50:17Z

3 airlines commit to reduce fares, says DOT chief

Three major airline companies in the country vowed to remove their top two most expensive price buckets (fare classes) to lower airfares, according to Department of Tourism (DOT) Secretary Christina Garcia-Frasco during the opening ceremonies of ASEAN Tourism Forum 2026. The historic Liberty Shrine in Lapu-Lapu City is the venue for the opening ceremonies of the Association of Southeast Asian Nations Tourism Forum evening on January 28, 2026....

2026-01-29T19:02:59Z

Grab, Move It expand emergency insurance partnership with Cocolife

Grab Philippines and its motorcycle taxi arm Move It have expanded their emergency insurance partnership with Cocolife. In a news release Grab and Move It said that under their expanded emergency insurance framework with Cocolife, rider-partners and passengers gain 24/7 access to a wider network of more than 700 Cocolife-accredited hospitals nationwide for emergency situations involving its booked ride. Under the expanded coverage, Grab and Move...

2026-01-30T13:02:59Z

Americans earn more than ever, yet can afford less

Paychecks have increased but rising prices mean the typical worker now earns 2.6 percent less in real terms than four years ago.

2026-02-07T10:13:37Z

Philippine debt burden hits 20-year high at 63.2% of economy

Ending the year with a fresh record-high sovereign debt coupled with a weaker economic growth, the Philippines closed 2025 with a debt burden ballooning to its highest level in 20 years, data from the Bureau of the Treasury (BTr) showed. As of end-December last year, the country’s debt-to-gross domestic product (GDP) ratio —the amount of national government debt relative to the size of the economy— stood at 63.2% from 60.7% as of end-December...

2026-02-04T06:03:05Z

Why Bitcoin is losing its luster after stratospheric rise

Bitcoin, the world's biggest cryptocurrency, sank this week, wiping out gains sparked by Donald Trump's presidential election victory in November 2024. - End of Trump rally - Digital currencies soared after Trump's election victory as he was widely viewed as a strong supporter of the technology.

2026-02-06T15:30:52Z

Foreboding new problem hits major US food market

Experts warn there's little that can be done to combat the issue, which is drastically impacting a major U.S. food market.

2026-02-06T18:23:44Z

Expensive domestic airfare? Airlines point to short runways at some airports

The Air Carriers Association of the Philippines (ACAP) has welcomed the government's move to initiate discussions on lowering the prices of plane tickets for local destinations. In a statement on Tuesday, ACAP explained that domestic passenger volumes have surpassed pre-COVID level, "showing a healthy market that benefits local tourism." "However, structural cost pressures—such as airport charges, taxes, and infrastructure limits—affect the...

2026-02-03T05:03:00Z

Investor angst turns to India earnings after trade clouds clear

After two trade deals lifted a key overhang on Indian equities, investor attention is shifting back to the market’s persistently weak earnings outlook.

2026-02-07T00:52:07Z

PH to prioritize trade, investment as 2026 ASEAN-BAC chair

The Philippine government will set its eye on improving trade and investment as well as strengthening supply chains within Southeast Asia as the country takes over the chairmanship of the 2026 ASEAN-Business Advisory Council (ASEAN-BAC). “Under the Philippine Chairship, we place strong emphasis on building economic corridors that expand trade and investment, strengthen regional supply chains, and open doors of opportunity for businesses and...

2026-01-29T19:02:57Z

Waymo reveals shocking way they assist autonomous cars: Public knows almost nothing

Lawmakers question behind-the-scenes human involvement as autonomous driving technology expands nationwide rapidly.

2026-02-07T01:13:17Z

Crypto exchange to reimburse some users after $40 billion error

South Korean crypto exchange Bithumb, which mistakenly distributed more than $40 billion worth of Bitcoin on Friday, said it will reimburse customers who made losses when they sold their holdings in a panic during a brief but sharp selloff on its platform.

2026-02-07T14:17:07Z

PH developers rationalizing assets, consultancy firm says

Major developers in the country have started revisiting their playbooks and rationalizing their assets in 2025 as they reassess their bets on the real estate industry for the next decade, consultancy firm PRIME Philippines said Friday. According to PRIME founder and Chief Executive Officer Jettson Yu, there has been a shift in fundamentals of developers, and this has caused a number of them to liquidate assets and channel their funds into other...

2026-02-06T09:02:59Z

Bitcoin reclaims almost all of the losses from Thursday’s rout

Bitcoin is reclaiming its place among the favorite assets of thrill-seeking speculative traders.

2026-02-06T02:46:35Z

China bars unapproved issuance of yuan stablecoins abroad

China tightened curbs on cryptocurrencies and tokenized real-world assets, barring domestic entities from issuing digital tokens overseas and banning the offshore issuance of yuan-linked stablecoins without approval.

2026-02-06T13:41:41Z

PH working to prevent return to ‘high risk’ dirty money list

DUMAGUETE CITY — The Philippines is now working to avoid a return in the Financial Action Task Force’s (FATF) anti-dirty money “grey list” of countries under increased monitoring, given the ongoing corruption concerns on flood control projects. “To be honest, we have a risk of returning to the grey list, although we’re doing what we can to prevent that,” Bangko Sentral ng Pilipinas (BSP) governor Eli Remolona Jr. told reporters. Remolona’s...

2026-02-03T04:02:59Z

Condo oversupply declines, but still worrying — property market experts

The Philippines has 7.9 years’ worth of oversupply of unsold, ready-for-occupancy (RFO) condominium units, industry experts said as they called for government action to revive the realty market. In a forum on Wednesday, property market experts said this is a significant decrease from mid-2025’s 13.4 years' worth of oversupply, but is still alarming. Colliers Philippines research director Joey Bondoc attributed the oversupply to a collection of...

2026-02-05T15:02:59Z

Minimum wage shock pushes Colombian inflation higher in January

Colombian inflation accelerated in January after a record increase in the minimum wage, cementing expectations that the central bank will keep lifting interest rates.

2026-02-07T00:26:35Z

Donald Trump reacts to Dow topping 50,000 for first time ever

Trump touted the Dow topping 50,000 after U.S. stocks surged Friday, with tech shares leading a broad market rebound.

2026-02-07T00:08:40Z

Uber found liable in sexual assault case and ordered to pay $8.5 million

A federal jury this week found Uber to be legally responsible in a 2023 case of sexual assault — ordering the rideshare giant to pay $8.5 million to a woman who said one of its drivers raped her during a trip using the platform. The verdict, reached Thursday in Arizona, follows years of criticism against Uber's safety record, much of which spans fr...

2026-02-06T17:24:46Z

PH one of ASEAN's top tourism economies — WTTC

The Philippines is among the strongest tourism economies in the ASEAN region, ranking first in terms of tourism gross domestic product (GDP) in the region for the year 2025, according to the 2025 World Travel and Tourism Council (WTTC) Economic Impact Report released by the Department of Tourism (DOT). The Philippines’ tourism GDP was valued at USD$91.8 billion by the WTTC report, which surpassed regional tourism economies such as Indonesia,...

2026-01-30T12:02:59Z

Ralph Lauren, Walmart suppliers among winners in India-US deal

Footwear manufacturers and apparel exporters emerged as major winners in the joint framework for an interim trade deal between the US and India, a development that will alleviate uncertainty for financial markets.

2026-02-07T13:11:33Z

Google employees call on company to end ICE, CBP contracts

More than 900 employees at Alphabet Inc.’s Google have signed a petition demanding that the company sever ties with the US Department of Homeland Security in the wake of the Trump administration’s mass deportation efforts.

2026-02-06T21:26:37Z

BSP warns public against melting, damaging Philippine coins

The Bangko Sentral ng Pilipinas (BSP) warned the public Wednesday against melting and damaging Philippine coins, as violators may face imprisonment of up to five years and fines up to P20,000. In an advisory, the central bank reminded the public that willfully defacing, mutilating, tearing, burning, or destroying Philippine currency — including commemorative coins — are unlawful under Presidential Decree 247. “Binibigyang-diin ng BSP na...

2026-02-04T08:02:57Z

PH ends 2025 with record ₱17.71 trillion debt

The Philippines closed 2025 with a fresh record-high sovereign debt pile of P17.71 trillion amid the government’s fundraising efforts to fund budgetary requirements, coupled with valuation effects of the peso’s depreciation against major currencies. Data released by the Bureau of the Treasury (BTr) on Tuesday showed that the end-December 2025 outstanding national government debt grew by 10.32% or P1.66 trillion from the end-December 2024 level...

2026-02-03T12:02:58Z

Get ready for double whammy of US jobs and inflation

Investors and policymakers are gearing up for a busy week of US economic reports that includes arguably the two most consequential data snapshots — employment and inflation.

2026-02-07T21:32:11Z

Washington Post CEO quits after cuts that led to Bezos backlash

Washington Post Chief Executive Officer Will Lewis resigned, days after the newspaper laid off several hundred staffers in a move that triggered a backlash against billionaire owner Jeff Bezos.

2026-02-08T00:17:02Z

Japanese-based Kirin announces deal to sell the Four Roses bourbon brand to wine giant Gallo

Gallo signaled Friday that it sees wine and whiskey as a good mix for business. The wine giant said it plans to add a prominent Kentucky bourbon brand to its portfolio in a deal to purchase Four Roses Distillery from Japanese-based Kirin. The deal, valued at up to $775 million, is expected to close in the second quarter of this year, Kirin said in ...

2026-02-06T19:06:53Z

Paramount seeks quick antitrust review of Warner Bros. bid

Paramount Skydance Corp. is pressing to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares in the coming weeks, according to people familiar with the matter.

2026-02-07T01:22:04Z

Private markets push for world’s wealthy runs into AI meltdown

The salespeople on the front line of a private-markets push to win over the world’s wealthy are quite adept at fielding questions on opacity, liquidity and valuation. Their list of tricky talking points just got a new addition — the so-called SaaSpocalypse.

2026-02-07T19:17:07Z

Epstein was adviser behind funding of Starlink rival OneWeb

Jeffrey Epstein was an adviser in the creation of OneWeb Ltd, a low-Earth orbit satellite network that is the world’s largest rival of Elon Musk’s Starlink, according to emails released by the US Department of Justice.

2026-02-06T22:02:05Z

Americans to see biggest tax refund increase as extra $1,000 expected

“I think we are going to see distinct groups of winners...,” the founder of Illinois-based Powers Financial Group, told Newsweek.

2026-02-06T22:53:47Z

Larger tax refunds to benefit one company most: JP Morgan

Costco will be the biggest winner amongst America’s top retailers, analysts said Friday.

2026-02-06T20:58:47Z

Most PH banks to keep credit standards steady in Q1 2026, BSP survey shows

Majority of Philippine banks expect to keep their credit standards unchanged for both businesses and households this year as demand is projected to be sustained, results of a survey released Friday by the Bangko Sentral ng Pilipinas (BSP) showed. According to the Senior Bank Loan Officers' Survey (SLOS), 87.7% of banks anticipate that they will keep their credit standards unchanged in the first quarter of the year, higher than the 86.0% in the...

2026-01-30T12:02:58Z

Some Americans to get big tax bills after changes

Across the board, tax refunds are set to increase an average of $1,000 per household due to President Donald Trump’s tax cuts.

2026-02-06T17:38:52Z

Self-proclaimed billionaire forced to sell private jet after bitcoin crash

”Bitcoin is crashing so I have to say bye to the love of my life," businessman Grant Cardone wrote on X.

2026-02-06T20:23:19Z