Adrian Cheng Chi-kong, former heir apparent to Hong Kong’s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family’s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng’s K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per...

Japan"s Toshiba Corp. is set to invest billions of pesos to expand its hard disk drive production in the Philippines over the next three years, amid growing global demand for data storage.

Hong Kong Monetary Authority (HKMA) has granted a banking licence to Bakai Bank, marking the first Central Asian bank to set up in Hong Kong amid closer ties in the economy and trade flows between China and the region, according to a statement on Monday. Bakai Bank, one of the largest lenders in Kyrgyzstan, will operate as a restricted licence bank in Hong Kong. It will be the 17th restricted licence bank in Hong Kong. Under the licence, it can take deposits of at least HK$500,000 (US$63,776)...

The Land Transportation Franchising and Regulatory Board (LTFRB) has revoked the authority to operate and the renewal applications for two Transport Network Companies (TNCs) due to regulatory violations.

The Bureau of Customs (BOC) has collected P757.406 billion from January to September 2026, exceeding its target collection in the first nine months of the year.

The Bureau of Internal Revenue (BIR) is stepping up its collection of unpaid taxes, as it announced on Monday a new nationwide system that gives it a centralized view of delinquent accounts and properties seized, sold, or forfeited over unpaid tax liabilities.

Hong Kong lawmakers have backed the government’s proposed tax incentives for large innovative companies, but many said on Monday that the planned five-year concession period is too short to attract major firms to establish headquarters or expand operations in the city. Chief Executive John Lee Ka-chiu in his policy address last month said the government planned to submit a bill introducing preferential profits tax rates of either 5 per cent or 8.25 per cent, which was half of the city’s standard...

[The content of this article has been produced by our advertising partner.] The 11th Belt and Road Summit, which took place in Wan Chai on 9-10 September, brought together more than 6,200 top officials, business leaders and senior professionals from 70-plus B&R countries and regions to explore opportunities for further cooperation and partnerships.       Co-organised by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), the signature event gave attendees the chance to...

The initial public offering of Mynt could give investors a more attractive starting point following the company"s final pricing at P6.60 per share, while its sustained profitability provides an important basis for assessing its longer-term value, according to investment analyst Eric Jurado.

Fuel retailers on Monday announced mixed movements in pump prices for the week, with gasoline and kerosene set to rise while diesel will be rolled back for the second straight week.

The Department of Agriculture (DA) said on Monday that negotiations with toll operators are still underway after it requested a toll waiver for trucks hauling agricultural goods amid rising fuel prices.

Private equity firms are moving to plug a commercial real estate funding gap as traditional banks pull back, with one fund filing to launch Hong Kong’s first listed property debt vehicle. Gaw Capital, a Hong Kong-based real estate private equity fund which managed US$35.6 billion in assets as of late 2025, filed to list its Gaw Capital Real Estate Private Debt OFC on Friday, seeking to become the first property-focused private debt fund on the Hong Kong stock exchange’s main board. The fund has...

US chip giant Qualcomm has agreed to pay to licence and acquire patents from China’s Huawei Technologies for the first time as part of a “multi-year, broad patent licence agreement” covering 5G, computing and artificial intelligence. The deal involved cross-licensing between both firms’ patent portfolios, the Shenzhen-based firm said in a statement on Monday, adding that it included Qualcomm’s purchase of specific Huawei US patents across compute, AI, networking and other technologies. The...

DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross...

UK fund house Schroders will increase investment and headcount in Hong Kong after being acquired by US asset manager Nuveen, according to Schroders’ global CEO. “Hong Kong is a critical interface for mainland China through schemes like Wealth Management Connect,” Richard Oldfield said in an online interview with the South China Morning Post on Friday. The scheme, launched in 2021, allows investors in the Greater Bay Area to buy wealth-management products across borders. Underpinning Schroders’...

Over 1,700 parents, students and educators attended the International Schools Festival – Hong Kong Island 2026. Held at Hong Kong Ocean Park Marriott Hotel on September 19, it featured 46 schools and education advisers, and offered families guidance on admissions, curricula, university applications and future education planning. Across five parent talks and 10 school-led information sessions, speakers returned to one central message: education should not be driven by fear or the pursuit of a...

In February 2023, the budget shopping platform Temu announced itself on the world stage in the brashest way possible: becoming one of the youngest ever brands to buy a Super Bowl advertising spot. “Download the Temu app and shop like a billionaire,” a voice proclaimed in the 30-second commercial, as a woman danced on screen and ordered a series of outlandishly cheap items: from a US$8.99 dress to a US$4.99 wig. The commercial – which aired twice during the game, costing Temu an estimated US$14...

Beijing has tightened scrutiny of quantitative trading funds in recent months amid fears they add to market instability. Yet a leading investor believes the future is bright for China’s quant funds, as they are “necessary for a developed economy”. Seth Huang, the head of Aris Capital, said quant funds had such a clear advantage over retail investors on China’s capital markets that the situation could be described as “a war with some using machine guns and others butcher knives”. Quant funds have...

The RCEP region, led by ASEAN+3, is becoming a significant global economic center. Key focuses include deepening regional integration, enhancing supply chains, managing risks, and driving global growth.

Thailand & Asia | 5 October 2026 Thailand’s floods are hitting 1,315 businesses as renewed rain threatens to prolong the economic damage Thailand’s flood crisis is increasingly becoming a business-continuity problem rather than a short-lived disruption. The Ministry of Industry says 1,315 businesses across 40 provinces have been affected, including 77 factories, 1,179 SMEs, two […]

A morning stop for breakfast before work. A coffee picked up between meetings. A grocery stop on the way home. A stop for health and beauty products. A weekend trip to choose furniture for a growing family. A rewards offer that helps make the weekly shop go further. These are ordinary moments in Hong Kong life. Yet for DFI Retail Group, they represent the foundation of a business that has grown with the city for 140 years. Founded in Hong Kong in 1886, DFI has evolved from a local enterprise...

Gulf OPEC+ producers have been pumping well below output targets in the face of continuing export disruptions from the US-Israeli war on Iran, with exports at 60% to 80% of normal levels.

[The content of this article has been produced by our advertising partner.] George Long does not talk like a man selling vision. The founder, chairman and chief investment officer of LIM Advisors is understated and unshowy. After three decades running an independent firm in Hong Kong, what comes through is a temperament suited to difficult Asian markets: calm, pragmatic and focused on protecting capital when conditions turn. How the business began Long left Barclays’ Asia Pacific asset...

Despite signs that Hong Kong property prices could have bottomed out and begun rebounding in August, market sources said at least 100 secondary residential homes were sold at a loss in September, up from at least 81 the previous month. Hong Kong’s property market dodged an immediate setback from the US Federal Reserve’s rate increase in September, and agents estimated that home prices could end the year 15 per cent higher than a year earlier. The positive trend, however, did not generally apply...

The General Santos City Chamber of Commerce and Industry (GSCCCI) is calling for the resumption of a plebiscite on the proposed joint venture agreement (JVA) between South Cotabato II Electric Cooperative (SOCOTECO II) and Primelectric"s IGNITE Power and Energy Holdings Inc.

The Department of Agriculture (DA) is preparing a bigger food buffer to cushion the impact of a potentially strong El Niño, with the agency warning that overall agricultural production could still decline.

Siam Amazing Park suffered nearly 500 million baht in flooding damage. Owner Dr. Chaiwat may sell the entire business for 10 billion baht if he cannot secure financing for repairs, estimated to take 3-6 months.

The country"s merchandise exports surged 27.8% to US$9.11 billion in August 2026, hitting a record-high in the last 35 years, according to the preliminary data of the Philippine Statistics Authority (PSA).

Malaysia is proving to be a middle ground for many Hong Kong and mainland Chinese investors looking to buy property in a country that provides the stability Singapore offers, but with competitive price points similar to those found in Thailand, according to analysts. Data from Juwai IQI, a property portal with 7 million listings across 111 countries, showed that in the first half of 2026, Malaysia was the fourth-highest destination for inquiries received from Chinese buyers. That compared with...

Two decades after stepping away from the spotlight, iconic actress Joey Wong made an unexpected return to the screen – not through a traditional production, but via artificial intelligence-powered reconstruction. In a two-minute video by NetEase this summer, Wong, one of the most well-known actresses of the 1980s and 90s, had some of her most celebrated roles recreated, including the beautiful ghost in A Chinese Ghost Story and an alluring snake demon in Green Snake. The revival is just the tip...