MANILA, Philippines – SAKO Pilipinas, the local subsidiary of wooden products manufacturer Hong Kong SSG Ltd, has unveiled its new facility in Cavite, according to the Philippine Economic Zone Authority (Peza). Peza said in a statement that the 1,000-square-meter facility located at the Cavite Economic Zone was expected to boost the firm’s expanding operations.
Category: Business
How major US stock indexes fared Wednesday, 10/8/2025
Wall Street’s pause from its record-breaking rally didn’t last long. The S&P 500 climbed 0.6% on Wednesday, a day after snapping a seven-day winning streak, and set its latest all-time high. The Dow Jones Industrial Average edged down by 1 point, while the Nasdaq composite rose 1.1% to its own record. Stocks benefiting from the artificial-intelligence boom continued to pull the market higher following a nearly relentless rise since April. Gold continued its stellar year and pushed further past $4,000 per ounce.
Browns coach not ready to commit to Sanders as backup QB following Flacco trade to Cincy
Browns coach not ready to commit to Sanders as backup QB following Flacco trade to Cincy
TCS skips post-earnings presser to mark Ratan Tata’s death anniversary
Tata Consultancy Services (TCS), India’s top IT services firm, has cancelled its post-earnings press conference for the second quarter (Q2) results.
PSEi nears 6,100 as bargain hunters relish benign inflation
MANILA, Philippines – The local stock barometer settled just below 6,100 on Wednesday as optimism over the central bank’s next move intensified, especially after inflation in September had ended slower than expected. By the end of the session, the benchmark Philippine Stock Exchange Index (PSEi) gained 0.25 percent, or 14.91 points, to close at 6,098.74.
Chairman of Reliance Jio Infocomm, Akash Ambani, Praises Prime Minister Modi For Serving 25 Years At The 9th Edition Of IMC 2025
During IMC 2025, Union Minister Jyotiraditya Scindia visited the Jio Pavilion, where Ambani briefed him on the various technological initiatives and advancements being presented by Reliance Jio.
Telecommunications companies stock up on batteries to prepare for disaster season
The biggest threat the nations telecommunications companies are grappling with ahead of summers disaster season is power outages bringing down the entire phone and internet system, emergency calls and all.
NBA back in China after six-year absence sparked by democracy tweet
The NBA returns to the lucrative China market this week with two pre-season games following a six-year absence after a team official tweeted his support for pro-democracy protests in Hong Kong. The Brooklyn Nets and the Phoenix Suns will play sell-out games on Friday and Sunday in Macau, a special administrative region of China close
Corruption woes wipe out P1.7 trillion wealth in stock market – SEC
MANILA, Philippines — Philippine stock market investors lost P1.7 trillion in just three weeks because of corruption behind anomalous flood control projects, according to the Securities and Exchange Commission (SEC). Francis Lim, chair of the SEC, recently told financial executives the billion-peso flood control project scandal had already shaken public confidence, impacting the country’s overall
Beer Shortages Hit Japan’s Izakayas
Beer deliveries from Asahi Group Holdings have been disrupted following a ransomware cyberattack, causing shortages that have already begun to affect izakaya and other establishments across Japan. Some bars have reported their beer stock falling to only one left as supply chain delays ripple through the industry.