Top Philippine builder Ayala Land Inc. said it’s pausing the development and sale of a high-end residential tower in the nation’s central business district due to the impact of the Middle East conflict. The pause on the Laurean Residences project reflects the company’s “forward-looking approach grounded in long-term value creation and disciplined capital management,” Ayala Land said in a statement...
Top Philippine builder Ayala Land Inc. said it’s pausing the development and sale of a high-end residential tower in the nation’s central business district due to the impact of the Middle East conflict. The pause on the Laurean Residences project reflects the company’s “forward-looking approach grounded in long-term value creation and disciplined capital management,” Ayala Land said in a statement on Monday. Shares of the company closed 1.4% lower on Monday, bucking the Philippine benchmark stock index’s gains. The project offered 65 floors of residences ranging from 72-square meter suites to 402-sqm four-bedroom homes, with prices starting at 650,000 pesos ($10,838) per square meter, Philippine Daily Inquirer reported in September. Back then, Laurean had generated close to 8 billion pesos in sales ahead of its launch, according to Ayala Land. Ayala Land’s decision shows how companies are grappling with the economic fallout from the Iran war, which has caused global crude costs to soar and price pressures to spread across sectors like logistics and transport. The war may also hurt job prospects for Filipino migrants and dent remittances. Read More: War May Halve Deployment of Philippine Workers to Middle East “We continue to take a more deliberate approach to capital allocation—prioritizing developments where we have clearer visibility on execution, while strengthening our broader portfolio, particularly our recurring income base,” Ayala Land said. It’s reaching out to buyers directly to discuss options. Tensions in the war ratcheted up over the weekend as the US Navy fired upon and boarded an Iranian-flagged cargo ship in the Gulf of Oman, the first seizure in the US blockade of the Strait of Hormuz. Ayala Land, in February, said sales of luxury and premium condominiums have been tepid amid a slower economy that’s been partly due to a corruption scandal in the government’s infrastructure projects. For this year, the builder is cutting its launches of premium and co...
asbe/iStock via Getty Images Marvell Technology ( MRVL ) has gained nearly 60% since my last report , sharply outperforming the S&P 500’s 6.6% gain. In October 2025, I initiated coverage with a $119.47 price target. With that price target reached, it is a good moment to update my assessment on the stock, as I believe the stock has substantially more growth ahead, driven by AI growth and its growth...
asbe/iStock via Getty Images Marvell Technology ( MRVL ) has gained nearly 60% since my last report , sharply outperforming the S&P 500’s 6.6% gain. In October 2025, I initiated coverage with a $119.47 price target. With that price target reached, it is a good moment to update my assessment on the stock, as I believe the stock has substantially more growth ahead, driven by AI growth and its growth acceleration in optics data transfer solutions. Marvell Technology Provides Connectivity And Custom Silicon Solutions Marvell Technology is different from companies such as Nvidia and AMD. The latter companies provide general-purpose graphic processing units. Demand for those is high, but we also note that in the scaling phase of AI, there is high demand for ASICs as well. ASICs provide higher performance per watt, but they are specifically designed for one workload. So, AI application needs custom silicon as well as GPUs. What we are increasingly seeing is that with GPUs becoming more powerful, the need for higher data storage and transfer systems is also increasing. In 2020, Marvell acquired Inphi , providing the company with rack-to-rack data transfer capabilities by combining electrical signals with optical signals at the edge. In February 2026, Marvell acquired Celestial AI for $1 billion plus 27 million shares. The acquisition provides Marvell with high-speed optical solutions inside chips, but also on the board level and, in the future, on the rack-to-rack level. That is basically a high-speed neural network. There are, of course, risks for Marvell Technology apart from the obvious opportunities. In the XPU (meaning GPUs plus custom ASICs). The AI CapEx allocation between custom silicon and GPUs is a risk. We also note that in the custom silicon part of the market, Broadcom ( AVGO ) is the dominant player. For data processing units, Broadcom and Nvidia are competitors, while Broadcom, Intel, and Cisco are competing on optical data transfer solutions. Wall Street Exp...
A Sanriku Railway train, a symbol of reconstruction following the 2011 earthquake and tsunami disaster, runs along the tracks bathed in the morning sun in Otsuchi Town, Iwate Prefecture on March 11, 2026, on the 15th anniversary of the disaster. Str | Afp | Getty Images An earthquake with a magnitude of 7.5 struck off the northeastern coast of Japan on Monday, as authorities urged residents tostay...
A Sanriku Railway train, a symbol of reconstruction following the 2011 earthquake and tsunami disaster, runs along the tracks bathed in the morning sun in Otsuchi Town, Iwate Prefecture on March 11, 2026, on the 15th anniversary of the disaster. Str | Afp | Getty Images An earthquake with a magnitude of 7.5 struck off the northeastern coast of Japan on Monday, as authorities urged residents tostay away from coastal areas where tsunami waves of up to 3 metres (9.84 ft) were expected. The tremor had an epicentre in the Pacific Ocean and was 10 km deep, according to the Japan Meteorological Agency. The biggest waves were expected in Iwate, Aomori and Hokkaido prefectures, authorities said. Speaking to reporters, Prime Minister Sanae Takaichi said the government had set up an emergency task force and urged citizens in the affected areas to evacuate to safety. Broadcaster NHK showed ships sailing out of Hachinohe port in Hokkaido in anticipation of the waves, as an alert 'Tsunami! Evacuate!' flashed across the screen. Bullet train services in Aomori at the northern tip of Japan's main Honshu island were halted due to the tremors, Kyodo news agency reported. The quake measured an 'upper 5' on Japan's seismic intensity scale -- strong enough to make it difficult for people to move around. In many cases, unreinforced concrete-block walls collapse. Japan is one of the world's most earthquake-prone countries, with a tremor occurring at least every five minutes. Located in the "Ring of Fire" of volcanoes and oceanic trenches partly encircling the Pacific Basin, Japan accounts for about 20% of the world's earthquakes of magnitude 6.0 or more. There are no nuclear power plants currently in operation in Hokkaido and Tohoku regions but Hokkaido Electric Power Co and Tohoku Electric Power have a number of shutdown nuclear power plants there. Tohoku Electric said it was checking the impact of the earthquake and tsunami on its Onagawa nuclear power plant. Choose CNBC as your preferre...
HABesen/iStock via Getty Images Japanese authorities have issued a tsunami warning after an earthquake occurred off the northeastern coast of Iwate prefecture. The 7.4 magnitude quake struck 100 km off the coast of Sanriku, at a depth of 10 km. The warning has been issued by the Japan Meteorological Agency for parts of Hokkaido, Aomori and Iwate prefectures in the northeast of the country. Japan M...
HABesen/iStock via Getty Images Japanese authorities have issued a tsunami warning after an earthquake occurred off the northeastern coast of Iwate prefecture. The 7.4 magnitude quake struck 100 km off the coast of Sanriku, at a depth of 10 km. The warning has been issued by the Japan Meteorological Agency for parts of Hokkaido, Aomori and Iwate prefectures in the northeast of the country. Japan Meteorological Agency Advisories have also been issued for other parts of Hokkaido and Aomori prefectures, and the Miyagi and Fukushima prefectures. Authorities are checking on the Onagawa nuclear power plant for any impact from the earthquake. Japan's Prime Minister Sanae Takaichi urged people in quake-affected areas to seek higher ground. A tsunami was observed about 50 km from the coast of Aomori, according to public broadcaster NHK. More on Japan FX Analysis: USD/JPY Forms A Major Head And Shoulders Pattern As Oil Crumbles USD/JPY Under Pressure As Markets Price In A BoJ Rate Hike In-Depth FX Analysis: USD/JPY Faces Major Technical Pressure From Bearish RSI Divergence Oil shock could trigger yen carry trade unwind, spark volatility, says Gayed—CNBC interview Japan’s energy import shock could ripple into yen carry trade and U.S. Treasuries, Pelletier says