MANILA, Philippines — Paris-based banking group BNP Paribas is setting up a Philippine delivery center to support its global corporate and institutional banking business. On Monday, Megaworld disclosed to the local bourse that BNP Paribas Solutions Philippines would occupy office space in Uptown Eastgate, adding another multinational tenant to its office portfolio. The facility will support

Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle battery maker posted a net profit of 21.25 billion yuan (US$3.18 billion) for the July-September period, up 14.54 per cent from a year earlier, according to an exchange filing on Tuesday. The increase marked a sharp...

MANILA, Philippines — The Visayas grid is facing another red alert on Tuesday, with potential brownouts threatening residents and businesses amid tight power supply. In an advisory, the National Grid Corp. of the Philippines (NGCP) said the red alert status will be in effect from 5 p.m. to 6 p.m. READ: Visayas grid faces new yellow

Buildrite Construction Chemicals, a construction materials company, is pushing for homegrown technology to build future-ready cities and infrastructure.

Shares of GCash parent Mynt Inc. closed at its initial public offering (IPO) of P6.60 apiece during its market debut on Tuesday.

Pag-IBIG Fund is broadening home loan subsidies with promotional interest rates to stimulate buyer demand as the Philippine residential property sector grapples with a prolonged downturn that is expected to stretch into late 2027.

The Hong Kong Monetary Authority (HKMA) will reshuffle the roles of two deputy chief executives next month as part of the de facto central bank’s succession planning strategy, two sources with knowledge of the matter told the South China Morning Post. Darryl Chan Wai-man will take over as CEO of HKMA’s Exchange Fund Investment Office from November 9, where he will manage the HK$4.46 trillion (US$568 billion) Exchange Fund – the war chest used to defend Hong Kong’s local currency, according to...

MANILA, Philippines — GCash parent Mynt Inc. made its Philippine Stock Exchange debut on Tuesday, bringing the country’s largest e-wallet operator to the stock market following strong demand from local and foreign investors. The company marked its listing on the PSE’s main board with the opening bell.  READ: All set for P92-B GCash IPO in Oct

Cebu-based passenger and cargo services company Aznar Shipping Corp."s plan to go public through an initial public offering (IPO) has secured the approval of the Securities and Exchange Commission (SEC).

Overall vehicle sales in the Philippines rebounded in September following weather-related disruptions in August, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.

EV owners are set to take center stage at the country’s biggest electric vehicle (EV) event this year.  The Electric Vehicle Association of the Philippines (EVAP) today signed a partnership with the Philippine EV Community (PEVC), the largest network of electric vehicle owners in the country with nearly 100,000 members, for the 14th Philippine EV

The Philippine peso closed unchanged against the US dollar at P63.09:$1 on Tuesday, matching its record-low finish from the previous trading day.

Fintech giant Mynt Inc., the parent company of GCash, began trading on the Philippine Stock Exchange (PSE) on Tuesday following its historic initial public offering (IPO).

Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...

Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...

The Philippine government, through the Department of Finance (DOF), has secured ¥236.64-billion or roughly P94-billion loan from the Asian Development Bank (ADB) as financing support in efforts to cushion the impact of the Middle East crisis on commuters, vulnerable sectors, and overseas Filipino workers (OFWs).

COREPLUS, the energy engineering and technical services are of Vivant Energy"s COREnergy, has called on businesses in Cebu to strengthen energy systems within their own operations amid power supply volatility in the Visayas grid.

China’s tax authorities have issued a final call for high-net-worth individuals to disclose their overseas trust gains, a move analysts believe will further raise concerns in Hong Kong and other overseas tax havens used by wealthy Chinese. “We remind relevant taxpayers to promptly review their offshore trust arrangements,” the State Taxation Administration said on its website on Monday, three days ahead of the 90-day grace period set to expire on October 22. “To avoid late payment penalties and...

Mobile wallet GCash is expecting its lending and wealth management businesses driving its revenues in the next five years as it aims to bridge the financial inclusion gap in the country.

After two straight weeks of increases, prices of gasoline will be cut back by at least P4.30 per liter and kerosene by P1 per liter, on Tuesday. Diesel prices, however, will go up by P2.60 per liter. “These adjustments reflect movements in the global oil market amid ongoing developments in the Middle East that are

The World Bank Group has launched its first digital strategy, aiming to help developing countries expand affordable digital access, improve services, and create jobs.

Employees may use high heat index levels as a reason to not go to work amid the potentially record-breaking El Niño, the Department of Labor and Employment (DOLE) said on Tuesday.

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

The suspension on the exportation of raw ube may take at least a year, said Department of Agriculture Secretary Francisco Tiu Laurel Jr.

President Ferdinand "Bongbong" Marcos Jr. on Tuesday expressed optimism that the market debut of Gcash parent Mynt Inc. will bring back investor confidence in the Philippine capital market.

Shares of Mynt Inc., the parent company of mobile wallet GCash, began trading on the Philippine Stock Exchange on Tuesday, following its initial public offering (IPO) --the largest in the local bourse"s history.

MANILA, Philippines — The Philippine peso sank deeper into record-low territory on Monday, closing further below the 63-per-dollar mark as a stronger US dollar, elevated oil prices and mounting global uncertainties kept pressure on the local currency. Data from the Bankers Association of the Philippines showed the peso closed at 63.09 against the greenback, shedding 10.5

MANILA, Philippines — The country’s dollar deficit swelled to its widest in more than a year in September, as renewed tensions between the United States and Iran pushed import costs higher and weighed on investor flows. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s balance of payments (BOP) posted a $3.14-billion

MANILA, Philippines — The Department of Transportation (DOTr) is turning to government-to-government financing to revive several long-delayed railway projects, with India and France among the countries being approached to help bankroll their development. Transport Secretary Giovanni Lopez said the DOTr was pitching projects such as the Philippine National Railways (PNR) South Long Haul and Mindanao