Assets under management in Hong Kong would double with the addition of just a small portion of the money global insurance and pension funds have to invest, according to a member of the Financial Development Services Council (FSDC). Hong Kong should do more to attract this so-called patient capital – assets that insurance companies and pension funds invest for the long term, said the government think tank that promotes the city as an international financial centre, in a report on...

Thailand won Gold for gastronomy at the Wanderlust Reader Travel Awards 2026, promoting regional cuisines and supporting local communities.

The Bureau of Internal Revenue (BIR) on Wednesday announced that the deadlines for filing of tax returns and tax payments in Metro Manila due on November 16 to 18, will be extended to November 19 amid the ASEAN Summit and Related Summits 2026.

Tender submission for the Urban Renewal Authority’s (URA) To Kwa Wan Road/Wing Kwong Street development scheme closed after 12pm on Wednesday, with the authority announcing that 3 submissions had been received. Consortia that submitted tenders for the development project included CK Asset and China Overseas Land & Investment, while Sino Land partnered with Great Eagle for their bid. The URA’s district-based redevelopment scheme in To Kwa Wan is divided into eight contiguous development projects,...

Taiwan Semiconductor Manufacturing Company’s (TSMC) move to take equity stakes in both OpenAI and Anthropic will give the world’s largest contract chipmaker direct financial ties to the frontier AI labs driving demand for its business. Its board on Tuesday authorised up to US$500 million to buy Anthropic common shares at its initial public offering (IPO) price, and up to US$500 million to buy preferred shares in OpenAI. Directors separately approved up to US$500 million to establish a dedicated...

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. ‘Awfully bleak’: why global carmakers keep losing ground in China’s vast market Global carmakers are searching for a way to survive in China’s cutthroat market, as they continue to lose ground to domestic competitors in a landscape that is increasingly tilting towards electric vehicles...

Ampalaya production surges over 40% in 3Q, highest since 2010

The latest auction of the 10-year US Treasury drew weak demand from investors after a hot reading on inflation and the prospect of an aggressive rate increase flagged by a Federal Reserve official spurred the most violent bond sell-offs in months. It may also further validate China’s de-dollarisation push to promote the internationalisation of its currency. The batch of the US$42 billion Treasury was sold at 5.02 per cent, higher than the 5.01 per cent yield on the long-end debt on the secondary...

While Samahang Industriya ng Agrikultura (SINAG) welcomes NFA"s move to raise palay buying price to P30 and double the volume of what farmers can procure, it said the agency"s P9 billion budget for procurement is insufficient. “Unfortunately, despite the increase in its buying price, the NFA's procurement budget remains at a measly P9 billion,” SINAG executive director Jayson Cainglet told GMA News Online.

Real estate giant Ayala Land Inc. has outlined its strategic roadmap for 2027, centered on targeted expansion, active capital recycling, and balance sheet discipline.

Flag carrier Philippine Airlines (PAL) is expanding its footprint in the United States with the launch of its first nonstop service between Manila and Chicago.

Nvidia shed about $430 billion in market value over two sessions as new reports deepened questions about CEO Jensen Huang's relationship with a Chinese businesswoman alleged to be a spy for Beijing.

Sy-led SM Investments Corp. (SMIC) posted 9% growth in its consolidated net income for the first nine months of the year, with its banking unit contributing nearly half amid a double-digit growth in its loan portfolio.

Hong Kong is pivoting to an offshore hub of Beijing’s tightly controlled financial framework, according to a report that examines the city’s evolving role under China’s national development strategy. The study, published this week by Enodo Economics and the Asia Society Policy Institute’s Centre for China Analysis, challenges years of Western commentary portraying Hong Kong as a diminished international financial centre following years of political upheaval. “Beijing is not simply managing the...

Pangilinan-led Manila Electric Co. (Meralco) on Wednesday assured customers of sufficient power supply to meet the anticipated demand during the 49th ASEAN Summit in Manila, as it braces for a potentially stronger El Niño that could drive up electricity consumption and rates.

Today's briefing prioritises Thai economic restructuring, regional infrastructure investment, Chinese currency policy, US–China trade relations and Japanese monetary policy.

Thailand’s cumulative data centre investment could reach THB5 trillion by 2050, driven by rising demand for artificial intelligence, cloud services and domestic data processing.

Mainland Chinese mutual funds investing overseas have delivered sharply diverging returns this year, with products tied to energy and US stocks outperforming while funds tracking Hong Kong equities lagged behind. Energy-linked funds topped the rankings among outbound investment products under the Qualified Domestic Institutional Investor (QDII) programme, according to financial data provider Wind. The performance reflects a 50 per cent surge in crude oil prices in 2026 after US strikes on Iran...

UOB got its start in Singapore 90 years ago, when it was first known as the United Chinese Bank. From the beginning, the bank’s aim has been to serve its communities while also growing alongside them. UOB branched out to Malaysia in 1951 and then to Hong Kong in 1965. By the 1980s, the bank had opened a representative office in mainland China and installed its first ATM machines in Singapore. As technology evolved and the world transitioned into the digital age, UOB adapted its offerings to...

The Department of Finance (DOF)is eyeing to secure a $250-million (about P14.3 billion) loan financing from the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to bankroll a project aimed at boosting the employability of skilled Filipino workers.

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to raise interest rates further to tame stubbornly high inflation despite the weak economic growth seen in the third quarter, analysts said, as policymakers prioritize their mandate of keeping price stability. In a note, Bank of America (BofA) said economic growth may have bottomed out

MANILA, Philippines — A US-based anti-illicit trade group is urging the Association of Southeast Asian Nations (Asean) to step up its crackdown on illegal trade by adopting uniform rules that would hold e-commerce platforms accountable for counterfeit and other illicit products sold online. In a report released on Tuesday, the Transnational Alliance to Combat Illicit Trade

MANILA, Philippines — The Philippines’ foreign debt servicing bill grew in the January to July period as more obligations fell due, even as the country’s capacity to meet those payments remained relatively strong. The government and private sector paid a combined $8.2 billion to foreign creditors in the first seven months, 5 percent more than

MANILA, Philippines — The national government is set to establish the National Artificial Intelligence (AI) Council this November following the approval of the AI governance framework, according to the Department of Economy, Planning and Development (DepDev). Speaking to reporters, DepDev Undersecretary Rosemarie Edillon confirmed that the National Innovation Council has already approved the long-awaited AI governance

MANILA, Philippines — Jollibee Foods Corp.’s (JFC) robust sales during the first nine months failed to translate into stronger profitability as higher costs and interest expenses took a bite out of the group’s earnings. The company’s profit in the January-to-September period declined by 9.7 percent to P8.14 billion from P9 billion. JFC’s net income attributable to

MANILA, Philippines — Mynt Inc., the parent company of e-wallet giant GCash, saw its net income surge by 17.4 percent to P16.5 billion in the first nine months of 2026, in what was a robust start to its life as a publicly listed company. In its first earnings report since going public, the fintech giant said

MANILA, Philippines — Keeping money in the bank is usually associated with financial security. We know exactly how much we have; the money is readily available when we need it; and unlike stocks or property, we do not see its value rising and falling every day. But there is another kind of risk that is

KASIBU, NUEVA VIZCAYA — OceanaGold Philippines Inc. (OGP) has rolled out the country’s first wireless blasting system at its Didipio mine in this province as it moves to unlock additional mineral resources while ensuring worker safety. The local subsidiary of Australian-Canadian mining company OceanaGold Corp. announced the successful trial of the advanced technology in its

MANILA, Philippines — The Securities and Exchange Commission (SEC) has shut down an online lending platform for posing as Sofi Financing Inc., a registered financing firm. On Tuesday, the corporate watchdog said in a statement that it issued a cease-and-desist order against Peso Flow’s website and digital platform. READ: Solon wants more powers for SEC

MANILA, Philippines — The rush is already palpable, with less than a week to go before Southeast Asia’s leaders descend on Manila for the much-anticipated summit capping the Philippines’ Association of Southeast Asian Nations (Asean) chairship this year. On the ground, getting around areas where the high-level engagements are set to take place is already proving