NEW YORK, United States — Wall Street stocks surged Wednesday as markets greeted the resolution of US midterm elections while oil prices tumbled on expectations the Democratic sweep could hasten a resolution to the US-Iran war. Democrats seized control of both houses of Congress in a victory that gives them the power to block legislation, open

US asset manager Federated Hermes has opened its office in Hong Kong, after two years of preparation, joining a wave of international financial giants competing for growth in the Asia-Pacific region. The company, which managed US$884 billion worth of assets as of September, considered a Hong Kong office two years ago and its board approved a plan a year later. Its office in the Nexxus Building in Central adds to its Asia-Pacific footprint in Singapore, Tokyo and Sydney. “Hong Kong is a premier...

The country"s rice importation is expected to be affected by the weakening of the Philippine peso against the US dollar, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said Thursday.

China’s securities regulator has ordered three Hong Kong initial public offering (IPO) applicants to submit additional documentation amid an intensifying crackdown on tax compliance. The China Securities Regulatory Commission (CSRC) said it has asked Fujian Senda Electric, a Fuzhou, Fujian province-based company trading on Beijing’s National Equities Exchange and Quotations board, to disclose details on internal dividend approvals, dividend fund flows, and compliance with tax and other...

Maynilad Water Services saw a 10.2% increase in its bottom line in the first nine months of 2026.

Over one million passengers pass through the Ninoy Aquino International Airport (NAIA) during the nine-day “Undas” travel period, from October 27 to November 4, 2026, San Miguel-led private operator New NAIA Infra Corp. (NNIC) said.

The Department of Transportation (DOTr) on Thursday reminded motorists that the inner lane of EDSA will remain exclusive to buses amid the ongoing rehabilitation along the southbound section from Nepa Q-Mart to Boni Avenue.

Marcos leads ceremonial first flow of gas for Malampaya phase 4

The Department of Agriculture (DA) is seeking a budget for the supply of vaccine against African swine fever (ASF) for smallholder or small-scale farms nationwide.

Chinese stocks extended their rebound for a second day on Thursday, as state support gained momentum and a Democratic landslide victory in the US congressional election removed an overhang capping risk appetite. The CSI 300 Index rose 0.4 per cent to 4,115.93 at the trading break, extending a 2.3 per cent gain a day earlier. The chip-heavy Star 50 gauge jumped 2.1 per cent after surging 9.9 per cent the previous trading day. Democratic control of the US Congress may tighten tech exports to...

For Dinesh Verma, managing risk begins long before a problem becomes visible. It is a principle that has guided his work as a physiotherapist, his decision-making as an entrepreneur and, increasingly, his approach to managing his wealth. Originally from India, Verma moved to Singapore in 1989 to work as a clinical physiotherapist, but eventually transitioned his career beyond clinical practice after earning a master of business administration (MBA) degree, adding a broader commercial lens onto...

[The content of this article has been produced by our advertising partner.] A generation ago, a Hong Kong retail investor might have checked the closing prices in the morning paper and phoned a broker to place a trade. Today, 95 per cent of the city’s stock investors trade online, and nearly two-thirds turn most often for the mobile app of a securities brokerage rather than their bank, according to the Investor and Financial Education Council’s latest retail investor study. That shift is the...

MANILA, Philippines — The Department of Agriculture (DA) is bracing for the “more significant effects” of the intensifying El Niño phenomenon on rice production in the first half of next year. This could result in a further decline in local palay output, which is projected to fall by 5 percent to 18.67 million metric tons from

MANILA, Philippines — An umbrella group of Philippine exporters expects smoother cargo movement at Manila’s ports following a government commitment to clear 1,000 aging containers ahead of the holiday shipping rush. The clearing operation is expected to be completed within two weeks and will involve repositioning empty containers to Subic and Batangas to help free up

MANILA, Philippines — Another member of the Ang family is stepping into the boardroom. Jacob Paolo Ang, son of San Miguel Corp. (SMC) chair and CEO Ramon Ang, has secured a seat on the board of Ginebra San Miguel Inc., adding another corporate role to his growing portfolio. In a disclosure on Wednesday, the liquor maker

MANILA, Philippines — Food and beverage giant Monde Nissin Corp. saw its net income climb by nearly 21 percent in the first nine months of 2026, supported by stronger sales across its food businesses and improved profit margins. On Wednesday, the maker of Lucky Me! noodles and SkyFlakes crackers said its net income rose by 20.8

MANILA, Philippines — San Miguel Food and Beverage Inc. (SMFB) saw its net income decline by 9 percent to P30.6 billion in the first nine months of 2026 as rising costs and weaker consumer spending weighed on its food and beer businesses. On Wednesday, the San Miguel Corp. subsidiary said its earnings were affected by elevated

MANILA, Philippines — Philippine Airlines (PAL) remained in the red in the first nine months of 2026, as skyrocketing fuel costs due to the Middle East conflict wiped out its modest revenue gains despite efforts to rein in expenses. Based on its latest financial report, the Lucio Tan-led flag carrier swung to a $159-million net loss

MANILA, Philippines — Kayana Solutions Inc., a company led by tycoon Manuel V. Pangilinan, has completed a P2.7-billion transaction to take full control of payment services provider CIS Bayad Center Inc. The latter was previously majority-owned by Manila Electric Co. (Meralco) through a subsidiary. READ: Meralco, CIS sell 90% stake in Bayad Center for P2.7B In

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) reported a 52-percent increase in third-quarter core net income to $24.1 million from $15.8 million a year earlier, supported by revenue growth, better utilization and higher-value manufacturing programs. The electronics manufacturer said on Wednesday that nine-month core revenue rose by 3.6 percent to $703.2 million from $678.7

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) is looking to set a much higher investment target for 2027, as it moves closer to surpassing its all-time record for annual investment approvals set more than a decade ago. Already, the investment promotion agency has recorded P309.63 billion in approved investments as of end-October, exceeding its

The Bank of Thailand (BOT) plans to tighten controls on Buy Now, Pay Later (BNPL) services from December, aiming to curb debt risks

MANILA, Philippines — Union Bank of the Philippines is prepared to inject fresh capital into its digital banking unit, UnionDigital Bank, if the Bangko Sentral ng Pilipinas (BSP) rejects its request for regulatory relief as the lender moves to absorb the subsidiary. Speaking to reporters on Wednesday, UnionBank president and CEO Ana Maria Aboitiz-Delgado described the

MANILA, Philippines — The Philippines is setting the stage for local nuclear development, but the government may miss its 2032 target to generate the first kilowatt from the technology, an official of the Nuclear Energy Agency (NEA) said. Speaking to reporters, William Magwood, NEA director general, said the country was “very well-positioned” for a country

MANILA, Philippines — The Energy Regulatory Commission (ERC) has started to clamp down on generation companies (gencos), including those owned by energy giants, due to ongoing electricity supply issues across the Visayas and Mindanao caused by power plant outages. On Wednesday, the commission said it had issued 24 show cause orders (SCOs) against 13 gencos last

MANILA, Philippines — Amid mixed reactions to the Department of Agriculture’s (DA) proposal to restore pork tariffs, the Samahang Industriya ng Agrikultura (Sinag) said cheaper imported pork has failed to lower retail prices and has impacted the livelihoods of local hog raisers. “Instead, it has driven down farmgate prices and placed the burden of excessive imports

Beijing is expanding its central bank-backed digital currency network to offshore institutions, including Hong Kong branches, while banks are also exploring local e-CNY wallets for foreign firms to deepen cross-border integration. “We currently have 30 domestic banks as e-CNY operators. Right now we’re working to extend this capability to offshore banks,” Lu Yuan, deputy head of the People’s Bank of China’s digital currency research institute, said on a panel at Hong Kong’s Fintech Week. “We...

[The content of this article has been produced by our advertising partner.] Many indicators have highlighted Hong Kong’s growing pre-eminence as an international financial centre, including the “World Ultra Wealth Report 2026”1 – published in June by the New York-based wealth intelligence firm Altrata. It showed that, up to the end of last year, Hong Kong had an estimated 18,290 ultra-high-net-worth (UHNW) individuals with personal assets of more than US$30 million, which represented a 26.4 per...

Most asset managers in Hong Kong expect broader access to mainland China’s two Nasdaq-style stock markets to strengthen the city’s private wealth business, an industry survey shows, as hard-tech firms continue to attract investors despite a recent pullback. The report, released by the Private Wealth Management Association (PWMA) and KPMG China, surveyed most of the association’s 44 institutional members, ranging from Agricultural Bank of China (Hong Kong) to UBS, as well as asset managers and...

A Channel NewsAsia commentary argues that a politically weakened US president may become more assertive in foreign affairs, where executive authority remains broad.