Category: Business

Business

From One Iloilo Grill to a ₱100-Billion Food Empire: The Untold Rise of Mang Inasal

What started as a small grilled-chicken restaurant in Iloilo more than two decades ago has grown into one of the Philippines’ most recognizable homegrown fast-food brands. The story of Mang Inasal is not simply about chicken, unlimited rice, or a successful acquisition by Jollibee Foods Corp. It is a story about spotting an underserved market, understanding Filipino tastes and building a provincial concept into a nationwide powerhouse. Founded by entrepreneur Edgar “Injap” Sia II, Mang Inasal

5d

Business

Trump’s Venezuela Oil Gamble Just Got Bigger — The U.S. Is Taking a 35% Stake in a 65-Billion-Barrel Prize

Trump’s Venezuela oil deal gives Washington a huge stake — but the real battle may be just beginning President Donald Trump’s sweeping Venezuela oil agreement is turning into one of the most consequential energy deals in the Western Hemisphere, giving the U.S. government a 35% stake in a major Venezuelan oil venture while opening Washington’s path to preferential access to billions of barrels of crude. At the center of the agreement is North American Blue Energy Partners (NABEP), a Venezuelan

5d

Business

China Tightens Its Mineral Grip — Now the U.S. and Japan Are Racing to Protect the Chips That Power the World

U.S. and Japan race for critical minerals as China tightens grip on chip supply chains The next major battle in the global technology race may not be fought inside a semiconductor factory — it may begin with the minerals needed to make the chips in the first place. The United States and Japan are accelerating efforts to build alternative supplies of critical minerals and rare earth materials as China's export controls continue to create uncertainty for semiconductor, defense, aerospace and oth

5d

Business

Global Banks Back San Miguel’s ₱740-B Bulacan Airport — But Foreign Financing Comes With a Tougher Test

MANILA, Philippines — San Miguel Corp.’s massive New Manila International Airport in Bulacan is drawing financial and technical support from some of the world’s biggest banking and engineering groups, giving one of the Philippines’ most ambitious infrastructure projects a significant international vote of confidence. But the foreign money comes with something else: intense scrutiny over whether the airport can meet global environmental, social and climate-resilience standards while rising from

5d

Business

Foxconn Smashes August Revenue Record as AI Demand Sends Sales Soaring 52%

Foxconn is showing no signs of slowing down as the global artificial intelligence boom continues to pour demand into the technology supply chain. Hon Hai Technology Group, better known globally as Foxconn, reported record August revenue of NT$921.8 billion (US$29.09 billion), marking the company's strongest August ever and a 51.98% jump from the same month last year. The result came even after revenue slipped 2.61% from July's record NT$946.5 billion, highlighting how unusually strong demand h

5d

Business

Singapore’s Air India Fight Takes a Sharper Turn — Kenneth Tiong Responds After Shanmugam’s Racism Warning

A political and commercial dispute surrounding Singapore Airlines’ investment in Air India has taken a sharper turn after Workers’ Party MP Kenneth Tiong said his concerns about the investment were purely commercial and condemned racist and xenophobic comments that have surfaced online. Tiong’s response came after Senior Minister K. Shanmugam warned on Sept. 5 that authorities were looking into “shameful” racist and xenophobic comments connected to both the Nepal-Tibet disaster and the controve

5d

Business

Korea’s Super-Rich Are Spending Millions on Holidays — But What They’re Buying Isn’t Luxury Hotels

A rocket launch from Kazakhstan. A private jet circling the world. A night inside the grounds of Versailles. A luxury train journey through South America. For South Korea's ultra-wealthy travelers, the new definition of luxury appears to be changing. The latest premium travel offerings in Korea suggest that affluent consumers are increasingly paying not simply for better hotels or business-class seats, but for rare experiences, exclusivity and access that ordinary travelers cannot easily repli

5d

Business

Alarm Bells Ring at Thailand’s Lam Pao Reservoir—But the Latest Blackchin Tilapia Search Reveals a Twist

KALASIN, Thailand — Thailand’s latest search for the invasive blackchin tilapia at Lam Pao Reservoir has produced an important result, but not necessarily the all-clear authorities were hoping for. Fisheries officials and local fishing communities have reported no blackchin tilapia in their latest field checks at Lam Pao Reservoir in Kalasin province, following reports that fishermen had caught a fish resembling the invasive species. Officials stressed, however, that the finding does not concl

5d

Business

India Just Unveiled a $7.4 Billion AI Bet — But the Real Game-Changer Is What TCS Plans to Build Next

HYDERABAD, India — India is making another major push into the global artificial intelligence race, with Tata Consultancy Services (TCS) and its HyperVault data-center business planning to invest up to ₹700 billion ($7.4 billion) in a massive AI-focused data-center campus in Telangana. The project, announced on September 5, is designed to reach 1 gigawatt (GW) of capacity and will be developed in phases on a 264-acre site in Hyderabad, according to Reuters and Times of India. The scale of the

5d

Business

Iranian Oil Tanker Hit Near Kharg Island as U.S.-Iran Tensions Explode Again—What Happens Next Could Shake Global Oil Markets

DUBAI — September 5, 2026 — A new flashpoint has emerged in the escalating U.S.-Iran conflict after Iranian media reported that an oil tanker was struck by four U.S. missiles near Kharg Island, Iran’s strategically vital oil-export hub in the Persian Gulf. The reported strike, carried by Iran’s semi-official Tasnim news agency and cited by Reuters, occurred near the anchorage off Kharg Island. Iranian reports said the vessel was hit by four missiles and that its crew was being evacuated. No cas

5d