Tag Archives: news

Megawide shares reach 2-year high

MANILA, Philippines – Megawide Construction Corp.’s share price closed at P3.58 each on Wednesday, marking a two-year high. This surge comes after the company raised its dividend policy ceiling and amid expectations that it will triple its profit within the next two years.

Led by tycoon Edgar Saavedra, Megawide ended the trading day as one of the bourse’s top performers.

https://business.inquirer.net/548941/megawide-shares-reach-2-year-high

Asia Cup 2025: Which teams can make the final?

The 2025 Men’s T20 Asia Cup is heating up, with intense competition among the top teams.

India, Pakistan, and Bangladesh have emerged as the primary contenders, each fiercely fighting for a spot in the highly anticipated summit clash.

As the tournament progresses, fans can expect thrilling matches and high-stakes encounters between these cricketing powerhouses. Stay tuned for more updates and exciting moments from the Asia Cup!
https://www.newsbytesapp.com/news/sports/asia-cup-2025-qualification-scenarios-for-final/story

DOF secures legislative backing for P38-B budget

MANILA, Philippines — The Department of Finance (DOF) has secured support for its 2026 budget proposal amounting to ₱38 billion from House Committee on Appropriations vice chair Bella Vanessa Suansing.

Suansing, the Sultan Kudarat Representative, recognized the DOF’s crucial role in her sponsorship speech before the House Plenary on September 23.

“The Department of Finance…

https://business.inquirer.net/548808/dof-secures-legislative-backing-for-p38-b-budget

Two US giants appoint Indian-origin CEOs as H-1B debate intensifies

In a significant development, T-Mobile and Molson Coors have appointed Indian-origin executives as their new CEOs.

This milestone highlights the growing influence and leadership of Indian-origin professionals in the global corporate landscape. Their appointments signify a promising shift towards greater diversity and inclusion at the highest levels of major multinational companies.

Stay tuned for more updates on their strategic plans and visions for the future.
https://www.newsbytesapp.com/news/business/t-mobile-molson-coors-appoint-indian-ceos-amid-h-1b-debate/story

Powell warns of inflation risks if US Fed cuts rates ‘too aggressively’

WASHINGTON, United States — US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward.

“There is no risk-free path,” he told a Rhode Island event. “If we ease too aggressively, we could leave the inflation…

https://business.inquirer.net/548722/powell-warns-of-inflation-risks-if-us-fed-cuts-rates-too-aggressively

Philippines found most dishonest in region on money matters

MANILA, Philippines – Financial education gaps, economic stress, and “face-saving” cultural norms have compelled many Filipinos to misrepresent their financial situations. This has led the Philippines to be identified as the most dishonest country in Southeast Asia concerning money matters, according to a recent study.

The Singapore-based fintech firm ROSHI revealed these findings in its Financial Honesty Study: Southeast Asia report. The study highlights the challenges faced by Filipinos in managing and disclosing their finances, influenced by both economic pressures and cultural factors.
https://business.inquirer.net/548620/ph-found-most-dishonest-in-region-on-money-matters

PlayStation State of Play showcase announced for tomorrow

Saros will be featured among the PlayStation Studios games showcased during the upcoming event.

Players can look forward to experiencing this exciting title alongside other highly anticipated releases from PlayStation Studios. Stay tuned for more updates and detailed presentations throughout the event.
https://www.shacknews.com/article/146055/playstation-state-of-play-september-2025

FIVB Men’s World: Iran rallies past Serbia to reach quarterfinals

MANILA, Philippines — Iran continued to establish themselves as the comeback kings of the FIVB Volleyball Men’s World Championship after pulling off another thrilling victory.

In the round of 16 match held Tuesday night at the Mall of Asia Arena, Team Melli staged a remarkable comeback against Serbia. The final score read 23-25, 25-19, 24-26, 25-22, 15-9 in favor of Iran.

Key players Ali Hajipour and Morteza Sharifi powered the Iranian squad, leading them to this hard-fought triumph and keeping their championship hopes alive.
https://sports.inquirer.net/641428/fivb-mens-world-iran-rallies-past-serbia-to-reach-quarterfinals

Exclude sugar from free trade with EU–farmers

MANILA, Philippines – Sugar industry stakeholders are seeking to exclude sugar from the concessions that the Philippines will offer to the European Union under a prospective free trade agreement (FTA).

The Confederation of Sugar Producers Association (Confed) and the Philippine Sugar Millers Association (PSMA) made this appeal during a virtual Tariff Commission hearing on Tuesday. They emphasized the importance of protecting the local sugar industry amid ongoing trade negotiations.
https://business.inquirer.net/548635/exclude-sugar-from-free-trade-with-eu-farmers