MANILA, Philippines — Consumers in the Visayas may face power outages on Wednesday as the grid operator declared another red alert due to a tight electricity supply and high demand. In an advisory, the National Grid Corp. of the Philippines (NGCP) said the red alert would be in effect from 5 p.m. to 6 p.m., while

Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...

The US government’s latest ban on Chinese artificial intelligence start-up DeepSeek could have a chilling effect on the wider American business community and deter companies from adopting low-cost Chinese AI models, industry experts say. The US Department of Homeland Security (DHS) ordered federal civilian agencies to remove DeepSeek products and third-party services built on the Chinese AI model from their IT systems, according to a directive signed in July and published on Monday. The...

The Department of Budget and Management (DBM) is allocating P1.62 billion for the Expanded National Greening Program (NGP) under the proposed P7.2-trillion national budget for 2027.

Hong Kong has vowed to engage more international banks in a debt securities clearing system, as part of a wider push to develop the city into a leading global yuan trading hub. “Hong Kong is actively promoting a number of measures to advance the city’s offshore yuan market to higher and deeper levels,” said Michael Wong Wai-lun, the city’s deputy financial secretary, during a Hong Kong event related to the Financial Street Forum on Wednesday. On the infrastructure side, Wong said the government...

MANILA, Philippines — The Philippine peso fell deeper into the 63-per-dollar territory on Wednesday, ahead of the Bangko Sentral ng Pilipinas’ (BSP) next rate-setting meeting. The local currency opened at 63.01 against the greenback before posting an intraday low of 63.3 as of 12:34 p.m., data from the Bankers Association of the Philippines showed. READ: Peso

The initial 750-room Hotel101 in Cairo, Egypt, will be located in Hay Al Ashgar along Ahmed Zewail Road in 6th of October City, Giza, within the broader catchment of the Giza Pyramids and the Grand Egyptian Museum.

From October 22, China’s grace period for the disclosure and settlement of certain offshore-trust tax liabilities ends. For the Chinese government, this deadline highlights its desire to affirm control over capital outflows, while for Chinese high-net-worth families, it serves as a reminder that it is now harder to keep international assets beyond the reach of the government. The deadline sits against the backdrop of China tightening scrutiny around cryptocurrency, stablecoins and real-world...

The Department of Budget and Management (DBM) on Wednesday said that it is reviewing the Supreme Court"s (SC) decision declaring the 2024 and 2025 national budgets unconstitutional.

The agricultural sector has so far incurred P8.57 billion in damage and losses due to El Niño, the Department of Agriculture (DA) said on Wednesday.

Sun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at...

Vietnamese conglomerate Vingroup is pouring in $500 million worth of investments to establish a flagship electric vehicle (EV) manufacturing facility in the Philippines, the Department of Trade and Industry (DTI) said Wednesday.

Share prices on the Philippine Stock Exchange continued their rally, supported by bargain hunting and post-GCash parent Mynt Inc."s public listing, which boosted investor interest.

Manila Water Company Inc. said Tuesday it is keeping its non-revenue water (NRW) or system loss below 15% as it strengthens its preparations for the anticipated impacts of a looming strong El Niño.

Hong Kong’s tougher oversight and weak investor demand have put many mainland China issuers in a dilemma, forcing many small-cap non-technology firms to delay their fundraising plans or even cancel them at the last minute, according to industry players. On Tuesday Jiangsu Slender West Lake Culture and Tourism (SWL Tour) became the latest such case, when the state-owned aquatic tourism service provider postponed a HK$227 million (US$28.93 million) listing. The company attributed the decision to...

The Philippine peso further extended its slide beyond the P63 per dollar level on Wednesday, closing to its 29th historic low so far this year, as external pressures continue to weigh on the local unit.

The Department of Agriculture (DA) said on Wednesday that it is eyeing to impose a two-month suspension on the issuance of sanitary and phytosanitary import clearances (SPSICs) on imported pork.

Over 600,000 hectares of standing crops may be affected by Super Typhoon Rosal as it moves over the northern portion of Luzon, the Department of Agriculture (DA) said on Wednesday.

The Government Service Insurance System (GSIS) has earmarked P1.69 billion for emergency loans for qualified members and pensioners in Albay, Camarines Norte, and Naga after the government declared a state of calamity in the affected areas.

Asia-Pacific Economic Cooperation (Apec) finance chiefs reached a consensus on economic policy coordination and cooperation on financing technology and artificial intelligence at a landmark two-day gathering in Hong Kong, according to China’s finance minister. Lan Foan said the outcomes achieved during the Apec Finance Ministers’ Meeting would help shape discussions at the leaders’ summit in Shenzhen next month. “China will work with all member economies to implement the important consensus...

MediCard Philippines Inc. expects single-digit growth in claims costs per member this year, citing its focus on preventive healthcare and early screening to help members manage medical expenses, a top official said Wednesday.

As China’s housing market downturn enters its fifth year, global investment banks including Goldman Sachs and Citi say they expect the sector to pivot as soon as 2027, with expectations fuelled by signs of shrinking supply and robust sales over the National Day holiday in early October. Citi holds a positive view on the sector and saw 2027 as a pivotal year for home price recovery in Beijing, Shanghai and Shenzhen. Home prices in China hit their lowest point in June 2024, according to...

China’s tax authorities are accepting reasonable explanations when enforcing new rules on offshore trust gains, according to an executive who says their appeal was successful, offering some reassurance as a 90-day grace period expires on Thursday. The approach appears to be translating into greater clarity from regulators. Earlier this week, the State Taxation Administration published a question-and-answer series that suggested Beijing was implementing the rules in line with international...

Chinese artificial intelligence start-up DeepSeek has fully open-sourced an internally developed framework designed to run AI models efficiently, as a senior researcher at the company described the growing divide between open-source and closed-source AI as a battle between “light and darkness”. The company on Tuesday released DeepInfer, an inference framework tailored to support its DeepSeek-V4.1-Flash model on both Nvidia’s SM100 Blackwell graphics processing units (GPUs) and Huawei...

Prime Minister Anutin Charnvirakul has initiated a nationwide operation against illegal nominee landholdings, targeting 1,397 entities. He aims to enforce laws, investigate beneficial owners, and prevent future violations by December 2026. Key Points Prime Minister and Minister of Interior Anutin Charnvirakul has launched a nationwide operation targeting suspected illegal nominee landholdings. He has directed authorities […]

New World Development and China Merchants Land broke ground recently on a joint residential project in Pak Shing Kok, Tseung Kwan O, with presales expected to begin as early as 2028, when surveyors say pricing pressure may have eased. James KT Cheung, executive director of the valuation department at Centaline Surveyors, said property prices remain lower than they were in 2022, when the consortium won the project. “If property prices can recover to 2022 levels by the time the Pak Shing Kok...

The price of pork is unlikely to rise leading up to the Christmas season as the country has enough supply, the Department of Agriculture (DA) said Wednesday.

The Philippine peso touched a new historic low during the intraday trading on Wednesday, further extending its nosedive beyond P63 per dollar.

Thailand has approved additional financial support for flood-affected households and businesses, while global technology markets face a growing divide between surging demand for AI computing and concerns about the cost of building the infrastructure behind it

MANILA, Philippines — The Bureau of Fire Protection (BFP) has once again emerged on top, leading the Philippines’ Best Employers list for 2027 and building on its first-place finishes in 2024 and 2026. The government agency ranked first with a score of 100 in the latest edition of the study, a joint undertaking of the