Category: Business

Business

Candaba Farmers Become Fishermen When the Rains Come—But What Their Nets Pull From the Floodwaters Shows Why This Pampanga Town Is Different

CANDABA, Pampanga — In many farming communities, prolonged rain and flooding can mean damaged crops and lost income. But in the low-lying wetlands of Candaba, Pampanga, the arrival of the rainy season can also signal something very different: the moment when some rice farmers temporarily put down their farming tools and become fishermen. A GMA News report published on August 22 showed residents catching large quantities of freshwater fish from waterways connected to the Pampanga River, continui

August 22, 2026

Business

Tesla and 8 Automakers Are Recalling 4.3 Million Cars in China—But the Biggest Concern Is What Could Happen After a Crash

BEIJING — China has launched what is being described as the biggest automotive recall in the country’s history, with Tesla and eight other automakers taking action involving roughly 4.3 million vehicles amid growing concern over whether occupants can quickly escape—or rescuers can get inside—after a serious crash. Tesla accounts for by far the largest share of the campaign, recalling nearly 2.98 million Model 3, Model Y, Model S and Model X vehicles manufactured in China or imported into the co

August 22, 2026

Business

Gunmen Opened Fire on a Pickup in Maguindanao del Sur—But Where the Deadly Ambush Happened Raises Bigger Security Questions

DATU SAUDI AMPATUAN, Maguindanao del Sur — Two men were killed and another was wounded after motorcycle-riding gunmen opened fire on their pickup truck along a national highway in Maguindanao del Sur, in another deadly attack unfolding as authorities enforce heightened security ahead of the historic Bangsamoro parliamentary elections. The shooting happened shortly after noon on Thursday, August 20, 2026, in Barangay Salbu, Datu Saudi Ampatuan, according to reports from the Police Regional Offic

August 22, 2026

Business

A Helper Was Asked to Care for a 104kg Senior Alone—But Singapore’s Bigger Caregiving Problem Goes Far Beyond One Home

SINGAPORE — For thousands of families, a migrant domestic worker is no longer simply someone who cooks, cleans or keeps a household running. Increasingly, she may also be the person helping an elderly parent out of bed, managing dementia-related behaviour, monitoring medication, assisting a wheelchair user, caring for a person with disabilities or responding when a medical emergency unfolds at home. And as Singapore grows older, that role is becoming increasingly important. As Singapore's pop

August 22, 2026

Business

Oil Is Surging Again — But What Happens If the Strait of Hormuz Gets Even Tighter?

Oil prices are heading for a second consecutive weekly gain as the unresolved U.S.-Iran conflict continues to disrupt Middle East energy flows, while Washington's threat of sweeping new sanctions adds another layer of uncertainty to an already fragile global oil market. Brent crude futures slipped 34 cents, or about 0.4%, to $93.44 a barrel by 0646 GMT on Friday, while U.S. West Texas Intermediate (WTI) fell 44 cents, or 0.5%, to $86.76. Despite the day's modest decline, Brent had gained more t

August 21, 2026

Business

YouTube Premium Just Got More Expensive in Singapore — But the Family Plan Is Where It Really Hurts

SINGAPORE — YouTube Premium subscribers in Singapore are about to pay more for going ad-free, with both individual and family memberships getting another price increase. YouTube has notified Singapore subscribers that its Premium subscription rates are rising, pushing the individual plan to S$15.98 a month, up from S$13.98, while the Family plan will increase to S$31.98, up from S$27.98. That works out to an additional S$2 a month for individual users and S$4 a month for families — or S$24 and

August 21, 2026

Business

Treasury Tried to Rescue the Bond Market. One Day Later, Investors Sent a Warning.

U.S. stocks fell sharply on Thursday as Treasury yields climbed again, oil prices pushed higher and a rare sales disappointment from Walmart added to fears that consumers may be losing momentum. The reversal came just one day after the U.S. Treasury announced it would double the size of its purchases of longer-dated government bonds, a move that initially sent bond yields lower and offered markets a much-needed dose of relief. That relief did not last. The yield on the benchmark 30-year U.S.

August 21, 2026

Business

A Mindoro MSME Went From 10 Keychains a Day to 100—But the ₱87,765 Behind the Leap Reveals a Bigger Story

OCCIDENTAL MINDORO, Philippines — A handicraft maker in San Jose, Occidental Mindoro, once struggled to produce just 10 coconut-shell keychains in a day. After a relatively modest technology investment, that output reportedly jumped to around 100 pieces daily — a tenfold increase that shows how equipment and innovation can dramatically change the economics of a small Philippine business. The business belongs to Andrea B. Benoya, a local entrepreneur whose handmade products include bead necklace

August 21, 2026

Business

Binance Employees Detained in UAE Over Financial Crime Inquiry — What Authorities Found Could Raise Bigger Questions

Two Binance employees were detained by authorities in the United Arab Emirates in recent weeks as part of police inquiries into possible financial crimes linked to the cryptocurrency exchange, according to a New York Times report cited by Channel NewsAsia and Reuters. The employees were reportedly stopped at airports in the UAE, according to people familiar with the matter cited by The New York Times. The precise focus of the authorities’ investigation has not been publicly disclosed. Binance,

August 21, 2026

Business

Marcos Gives PUV Drivers ₱12 Off Every Liter—But the Amount Government Rejected Could Change the Debate

TACLOBAN CITY, Philippines — Public utility jeepney and UV Express drivers in Eastern Visayas are getting additional breathing room at the fuel pump after the Marcos administration increased the government’s fuel discount to ₱12 per liter, but the relief comes as transport workers continue to warn that high operating costs are eating deeply into their daily income. The expanded discount took effect on August 15, 2026, raising the previous government assistance of ₱10 per liter by another ₱2. U

August 21, 2026