UBS’ Sergio Ermotti on the crises that shaped the bank and navigating regulatory webs

South China Morning Post - Nov 9, 2026

In late March 2023, Sergio Ermotti’s telephone rang. Then, he was serving as chairman of Swiss Re and set to renew his term, comfortably ensconced in what appeared to be a dignified, settled chapter of an illustrious banking career. On the other end of the line was UBS chairman Colm Kelleher. A day earlier, Kelleher’s bank had agreed to buy fallen rival Credit Suisse for 3 billion Swiss francs (US$3.66 billion) in a historic, state-brokered rescue – and urgently required a battle-tested hand to...

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DTI says no need to hoard basic necessities, prime commodities

Nov 9, 2026

DTI says no need to hoard basic necessities, prime commodities

The Department of Trade and Industry (DTI) on Monday assured the public that there is no need to panic buy basic necessities and prime commodities, as there are enough supplies to meet demand.

Globe offers subscribers free access to AI tools this Christmas 2026

Nov 9, 2026

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Telecommunications firm Globe is offering millions of its mobile and broadband customers free access to artificial intelligence (AI) tools this holiday season through its AI Fiesta platform, as the company seeks to broaden the use of emerging technology among Filipinos.

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Nov 9, 2026

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The Bangko Sentral ng Pilipinas (BSP) is eyeing the production of polymer banknotes in-house by next year, in a bid to ease dependence on outsourcing amid the high demand, a top official said Monday.

No 'unusual' hike in pork prices expected for holiday season - DA

Nov 9, 2026

No 'unusual' hike in pork prices expected for holiday season - DA

The Department of Agriculture (DA) said on Monday that there will be no “unusual” hike in prices of pork this coming Christmas season, reiterating the pork supply is more than sufficient.

Hong Kong retail investors turn to ETFs for long-term wealth building, survey finds

Nov 9, 2026

Hong Kong retail investors turn to ETFs for long-term wealth building, survey finds

Hong Kong retail investors are increasingly turning to exchange-traded funds (ETFs) to build long-term wealth, with nearly half planning to start investing in the products or increase their exposure over the coming year, according to a survey by BlackRock’s iShares. The study of 2,007 Hong Kong adults found that 31 per cent currently held ETFs, giving the city the second-highest ownership rate among the five Asia-Pacific markets surveyed. The others were Australia, Japan, Singapore and...

Can DeepSeek challenge OpenAI, Anthropic in AI agents as Harness adoption takes off?

Nov 9, 2026

Can DeepSeek challenge OpenAI, Anthropic in AI agents as Harness adoption takes off?

DeepSeek’s Harness artificial intelligence agent framework has reached 1.54 million daily active users less than three months after launch, the Chinese AI champion said on Sunday, marking rapid growth in a new battleground between leading Chinese and American AI giants. Users of Harness through the company’s official application programming interface were consuming around 92 trillion tokens a day as of November 4, the Hangzhou-based start-up said. That is equivalent to about 1.1 billion tokens...

SSS death benefits disbursed rise to P63.74B as of September 2026

Nov 9, 2026

SSS death benefits disbursed rise to P63.74B as of September 2026

The Social Security System (SSS) released P63.74 billion in death benefits during the first nine months of 2026, marking a 10.4% increase from the P57.74 billion in the same period last year.

Chinese central bank’s pledge to probe Solana snuffs out hopes crypto crackdown is easing

Nov 9, 2026

Chinese central bank’s pledge to probe Solana snuffs out hopes crypto crackdown is easing

A pledge by China’s central bank to investigate Solana’s recent campaigns in mainland China has extinguished hopes that a crackdown on cryptocurrencies will be eased and underscored Beijing’s unyielding hostility towards foreign public blockchains. The People’s Bank of China (PBOC) had halted recent offline events Solana planned to hold on the mainland and would launch investigations into the entities and individuals involved, the PBOC-backed Financial News reported on Friday. Citing an...

Mega fuel price rollback set on Tuesday, November 10

Nov 9, 2026

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Motorists will experience a slight sigh of relief as fuel companies will implement a price rollback on pump products starting Tuesday, November 10, the Department of Energy said Monday.

DA imposes 60-day quantitative restriction on pork imports

Nov 9, 2026

DA imposes 60-day quantitative restriction on pork imports

The Department of Agriculture (DA) has authorized a 60-day quantitative restriction on the importation of selected pork cuts as the influx of imported meat has damaged the local hog industry.

Hong Kong’s finance sector has billions in disposable income. Why is investing a struggle?

Nov 9, 2026

Hong Kong’s finance sector has billions in disposable income. Why is investing a struggle?

Employees in Hong Kong’s more tightly regulated financial institutions are generating about HK$35.8 billion (US$4.66 billion) in investible income each year, but are having difficulty investing due to personal account dealing (PAD) restrictions, according to a report. The restrictions can apply to bank employees, brokers and asset managers, among others, to prevent insider trading, manage conflicts of interest and ensure that clients’ interests come before employees’ interests. The report...

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