Philippines Business News

SINGAPORE WINE WEEK 2026 GRAND CELLAR AUCTION SETS TWO CONSECUTIVE WORLD RECORDS

1945 Château Mouton Rothschild sets a new world record at SGD 80,000, only for the record to be broken moments later at SGD 100,000 SINGAPORE, Oct. 12, 2026 /PRNewswire/ -- Singapore Wine Week 2026 made auction history at its Grand Cellar Auction, held on 4 October 2026 at The Laurus, Resorts World Sentosa, setting two consecutive world records for a single 750ml bottle of Château Mouton Rothschild 1945, with the first record established at SGD 80,000 and immediately broken by the very next lot

Global business leaders share ideas on AI-driven growth in Shanghai

SHANGHAI, Oct. 12, 2026 /PRNewswire/ -- A news report from english.shanghai.gov.cn Experts and executives from leading multinational companies pose for a group photo at the 38th meeting of the International Business Leaders' Advisory Council for the Mayor of Shanghai held on Oct 11. Shanghai should better leverage artificial intelligence to integrate services with manufacturing and consumption and nurture more growth engines, experts and executives from leading multinational companies said. The

AICPA & CIMA ENGAGE Asia Conference 2026 to Make Its Shanghai Debut This November

50 leading global voices set to update delegates on the forces transforming business, finance and accounting on what's to come SHANGHAI, Oct. 12, 2026 /PRNewswire/ -- AICPA & CIMA, together as the Association of International Certified Professional Accountants, will bring its flagship ENGAGE Asia Conference to Shanghai for the first time, convening 50 global thought leaders, CEOs, CFOs, investors, bankers, technology pioneers and finance professionals to explore the forces reshaping business, fi

CLASSYS Appoints Former Bain & Company Partner Jung-hee Bae as Chief Commercial Officer to Accelerate Global Expansion and Growth

- Appoints Vice President Jung-hee Bae to lead the newly established Go-to-Market (GTM) Center, overseeing domestic and international sales and marketing - AI and data-driven marketing and operations expert to spearhead expansion across the Americas, China and Europe while reinforcing the company's leadership in South Korea - Latest executive appointment reinforces CLASSYS's global leadership team following the appointments of CEO Jun-oh Yoon and CTO Taek-Soo Kim SEOUL, South Korea, Oct. 12, 202

Share buybacks in Ericsson during the period October 5 - October 9, 2026

STOCKHOLM, Oct. 12, 2026 /PRNewswire/ -- During the period October 5 - October 9, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares)Weighted average share price per day (SEK)Total daily transaction value (SEK)05/10/20261,984,00093.3022185,111,564.8006/10/20261,576,28893.7787147,822,239.4707/10/20262,044,00094.8398193,852,551.2008/10/20262,063,0009

GMIF2026 Annual Awards Unveiled: Samsung, Sandisk, Lenovo, Silicon Motion, BIWIN, and More Recognized

SHENZHEN, China, Oct. 12, 2026 /PRNewswire/ -- The 5th GMIF Innovation Summit (Global Memory Innovation Forum 2026, GMIF2026) recently concluded at the Renaissance Shenzhen Bay Hotel, co-hosted by the Shenzhen Memory Industry Association (SMIA) and the School of Integrated Circuits, Peking University. Themed "The Future Built on AI Memory and Storage," the summit brought together leading companies, technical experts, and industry leaders from across the global memory and semiconductor value chai

Flames ravage oldest covered food market in Paris

PARIS — A fire has destroyed the French capital's oldest covered food market, a popular street food venue named after red-clad orphans, authorities said on Monday. The Marche Couvert des Enfants Rouges in the Marais district has existed since 1615, and draws its name from the red outfits that orphans wore at a hospital near the market until 1772. Food & Wine ranked it fifth worldwide for street food this year, after other eating spots in London, Bangkok, the French city of Lyon and Mexico

Cloudsome Showcases Unified Multi-Model AI Access at TOKEN2049 Singapore 2026

SINGAPORE – Media OutReach Newswire – 12 October 2026 – Cloudsome, an AI service platform for global developers, showcased a unified API at TOKEN2049 Singapore 2026, held at Marina Bay Sands on 7–8 October. The API lets developers access, switch between and combine multiple mainstream AI models on demand. According to the organiser, the event drew about 25,000 attendees from roughly 7,000 companies across 160 countries, with more than 300 speakers and 500 exhibitors; senior executives from Nasda

Singapore rolls out haze subsidies as Malaysia extends school closures

SINGAPORE — Singapore rolled out subsidies for haze-related medical treatment on Monday and schools were closed in parts of neighboring Malaysia, as both countries grapple with persistently unhealthy air quality due to fires in nearby Indonesia. Singapore again ranked the world's most polluted city on Monday, according to Swiss-based air quality monitor IQAir, as the fires on Borneo and Sumatra islands — intensified by a turbo-charged El Niño weather phenomenon — keep em

Art Connects Hearts: Chinese and International Artists Paint the Charm of Jiangsu

Charm of Jiangsu Global Communication Center NANJING, China, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Recently, in September 2026, the "Art Connects Hearts, Charm of Jiangsu" series of sketching, exhibition and exchange activities visited Nantong, Yangzhou, Changzhou, Wuxi and Suzhou. Supported by the Chinese Embassy in the United States, the series was hosted by the Jiangsu Provincial Department of Culture and Tourism and organized by the Charm of Jiangsu Global Communication Center and the Jiangsu Ch

Elite women cyclists gear up for three-stage Tour of Chongming Island

The Tour of Chongming Island SHANGHAI, Oct. 12, 2026 (GLOBE NEWSWIRE) -- The Tour of Chongming Island, a premier elite women's multi-stage road cycling race, is being held between October 9 and October 11, bringing together elite cyclists, amateur riders, and fans for a celebration of sport, sustainability and local culture. A Media Snippet accompanying this announcement is available by clicking on this link. The race is jointly organized by the Union Cycliste Internationale (UCI), the General A

UAAP bans NU assistant coach Paul Du for remainder of season after altercation with UST's Dysangco

MANILA, Philippines — The UAAP basketball commissioner’s Office has suspended National University assistant coach Paul Du from all basketball-related activities, including 5-on-5 and 3x3 across all divisions, for the remainder of Season 89 following an ugly post-game altercation. The penalty stems from an incident during the traditional handshake line after NU’s match against the University of Santo Tomas on Oct. 10 at the Araneta Coliseum. According to the Commissioner's Offic

Diesel prices drop by P3/L; gasoline, kerosene rise over P1/L

Another round of mixed fuel price adjustments is set to take effect this week, with diesel prices set to roll back while gasoline and kerosene prices rise.

[Ask the Tax Whiz] When power is inherited, who holds it accountable?

Those seeking power must accept scrutiny of their wealth, donors, interests and decisions. Every official owes the people accountability.

Metrobank tops Philippine banks, securities firms in bond market rankings

METROPOLITAN Bank & Trust Co. (Metrobank) led Philippine banks and securities firms in both local-currency and major foreign-currency…

Marcos touts business, energy investments after Singapore visit

Marcos highlights investment deals with Singapore-based firms.

Saudi Arabia to boost pipeline crude export capacity to 10m bpd

UBS sees scope for milder UK budget as markets focus on fiscal credibility

Pag-IBIG Fund, BCDA partner to bring homes closer to workplaces under Expanded 4PH

More Filipino workers stand to gain access to quality homes closer to their workplaces as Pag-IBIG Fund and…

Gasoline prices up again, diesel prices down on October 13

It’s the second week of increases for gasoline, though diesel prices are set to fall for a third consecutive week

ERC orders Meralco to refund P2.64 billion to customers

The Energy Regulatory Commission directed Meralco to refund around P2.64 billion in excess charges to its consumers.

Three weather systems bring rains over PHL amid tropical depression

Three weather systems are expected to bring rains over large parts of the country, posing risks of flooding…

Investment pipeline and exports gain momentum

PEZA investment approvals neared the 2012 record as electronics demand lifted Philippine merchandise exports by 15% year on year.

Cebu Pacific: Fleet expansion meets resilient tourism demand

Cebu Pacific's fleet expansion and resilient tourism demand could support passenger growth, although earnings depend on fares, utilization and fuel costs.