Shanghai-listed Wingtech Technology has rejected a restructuring proposal under which it would lose control of Dutch chipmaker Nexperia’s assets outside China, condemning the plan as an “expropriation” driven by discrimination. The stand-off deepens a year-long dispute between Wingtech and Dutch authorities, as the company faces an impending delisting deadline at home, while Dutch Prime Minister Rob Jetten prepares for an official visit to Beijing in the spring. In a statement on Tuesday,...

Philippine stocks rebounded Wednesday, lifted by bargain-hunting following market weakness in previous sessions.

Two cancer vaccines from Hong Kong-based Sequencio Therapeutics have been selected for presentation at a major US conference, as companies bet on therapies based on ribonucleic acid (RNA) to deliver breakthroughs in cancer treatment. Sequencio, a subsidiary of Li Ka-shing-backed CK Life Sciences, said on Wednesday that it will present preclinical data on cancer vaccine candidates CKLS118 and CKLS202 at the Society for Immunotherapy of Cancer (SITC) conference on Friday in Phoenix, Arizona. The...

Chinese tech giant Tencent Holdings has rolled out its latest flagship artificial intelligence model, Hy4, seeking to challenge top open-weight rivals with enhanced agentic capabilities built to power its enterprise software ecosystem. Released on Wednesday, the large language model (LLM) introduced visual understanding for the first time. Hy4 could process images, analyse complex charts and conduct visual mathematical reasoning, according to the Shenzhen-based company. Tencent said the release...

Philippine Rating Services Corporation (PhilRatings) is expecting accelerated growth and deeper development for the domestic capital market following Moody"s acquisition of a 19.99% stake in the local credit rating agency.

Chinese listed firms’ third-quarter dividend payments lag behind the global average, according to a report by Capital Group, throwing doubt over the effectiveness of Beijing’s ongoing stock market stabilisation plans. In China, dividends only rose 5.3 per cent on a core basis in the third-quarter, compared with global growth of 7.5 per cent, according to the Dividend Watch report released by Capital Group on Wednesday. Globally, 88 per cent of companies in the Capital Group index increased...

Telecom giant PLDT Inc. has officially appointed Isla Lipana & Co./PwC Philippine, a member firm of the PricewaterhouseCoopers (PwC) network, as its independent external auditor, replacing its long-time auditing partners SyCip Gorres Velayo & Co. (SGV & Co.), which resigned after 24 years.

The Philippines is the leading buyer of Cambodian milled rice among Southeast Asian countries in 2026 as Manila seeks to diversify its sources of imported rice, the United States Department of Agriculture (USDA) said.

Chinese investors refrained from bets on stocks this week, even after Beijing unveiled a litany of measures to shore up confidence in the world’s second-largest equity market. Leveraged traders trimmed their holdings to a one-year low this week, while new stock-account openings dropped by more than 30 per cent in October, according to official data. The retreat in retail enthusiasm contrasted with the government ramping up its efforts to prop up stocks, including liquidity injections through two...

State-run Land Bank of the Philippines (LandBank) on Wednesday reported an 8% increase in net income in the first nine months of the year, driven by the expansion of its core banking operations.

The Thai government plans a pilot special regime for Khao San and Rambuttri roads to improve nightlife venue compliance, addressing outdated zoning laws and promoting legal operations in Bangkok.

Today's briefing examines Thailand's automotive tax restructuring, Japan's semiconductor industry consolidation, Hong Kong's stronger-than-expected economic growth, China's latest financial-market intervention and Grab's improving profitability across Southeast Asia.

The Department of Trade and Industry (DTI) on Wednesday assured consumers that manufacturers would maintain the product quantities of 190 monitored basic necessities and prime commodities, ruling out "shrinkflation" among products covered by commitments to keep prices unchanged.

Private banking giant Julius Baer expects Asia to play a major role in its growth in the near term as investors seek diversification amid rising AI risks in the US, according to its chief executive. “The AI bubble is building and lots of people are very nervous about how much AI risk they have,” Julius Baer group CEO Stefan Bollinger said in an interview in Hong Kong on Tuesday. Investors who have long been “over-indexed” to the US dollar and US equities now face increased exposure, as...

MANILA, Philippines — Philippine factory activity contracted further in October as manufacturers grappled with weak demand at home and abroad, while unusually hot weather linked to the ongoing El Niño episode weighed on production. The country’s Purchasing Managers’ Index (PMI), a gauge of manufacturing activity, fell to 49.1 in October from 49.6 in September, according to

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) expects to award soon the P14.8-billion contract to operate the water and wastewater facilities in New Clark City to the original proponents, Maynilad Water Services Inc. and Korea Water Resources Corp. (K-Water). This, after the unsolicited project received no competing bids during the Swiss challenge period,

MANILA, Philippines — Companies backed by tycoons Enrique Razon Jr. and Ramon Ang are among the nine groups on track to secure contracts through the government’s special auction for waste-to-energy (WTE) projects, the Department of Energy (DOE) said. The DOE on Tuesday identified the potential winning bidders, with the auction round logging a combined offer capacity

MANILA, Philippines — Aboitiz Power Corp. is set to boost its renewable energy business through a proposed tie-up with A Brown Co. Inc. for the development of a 191-megawatt alternating current integrated solar and battery energy facility in Bukidnon. On Tuesday, the company said its subsidiary Aboitiz Renewables Inc. (ARI) had signed a joint development and

MANILA, Philippines — Petron Corp. saw its earnings take a hit from the monthslong conflict in the Middle East, with its net income in the January to September period dropping by 44 percent. The group reported on Tuesday that its profit reached P5.4 billion in the first nine months, down sharply from P9.7 billion in the

MANILA, Philippines — Savings accounts are one of the most common ways people keep their money. They provide liquidity and convenient access to cash, which makes them useful for emergency funds and short-term financial needs. But does keeping more money in a savings account necessarily make us financially better off? While a savings account protects our

MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Tuesday that the economy may have begun recovering in the third quarter, but noted that interest rate cuts could still be some way off as inflation is expected to remain elevated. Remolona said gross domestic product (GDP) growth in the third

MANILA, Philippines — Tycoon Manuel V. Pangilinan-led PLDT Inc. has tapped a new auditing firm to replace SyCip Gorres Velayo & Co. (SGV), which resigned as the telco giant’s independent auditor after 24 years over concerns about its independence. In a disclosure to the stock exchange on Tuesday, PLDT said SGV submitted its resignation on

MANILA, Philippines — The government is considering raising the annual contribution limits for Personal Equity and Retirement Account (Pera), allowing Filipinos to save more for retirement. In a statement on Tuesday, the Department of Finance (DOF) said it was looking to establish a uniform annual contribution limit to simplify the rules and promote greater equity among

MANILA, Philippines — Alternergy Holdings Corp. has activated its P6.7-billion wind farm in Quezon province, adding clean electricity to the Luzon grid. On Tuesday, the company announced that the 64-megawatt (MW) Alabat wind facility is among the first wind projects to receive energization under the government’s second green energy auction program (GEAP). READ: Alternergy profit jumps

MANILA, Philippines — Moody’s Ratings said infrastructure development and the energy transition will boost the Philippines’ sustainable bond market due to rising investor demand for stronger governance, transparency, and clear commitments on fund usage. The Philippines has the third-largest sustainable bond market in Southeast Asia, after Singapore and Thailand, with $23 billion in issuances, representing 17%

MANILA, Philippines — DigiPlus Interactive Corp.’s nine-month net income fell by about 12 percent to P8.9 billion from P10.11 billion a year earlier as the gaming company faced weaker revenues amid a softer macroeconomic environment. The gaming company said its earnings included noncash fair value gains from its investment in International Entertainment Corp.’s (IEC) convertible bonds.

An executive at US bank State Street said he expects the uses of artificial intelligence in finance to “multiply” in the coming years, but stressed that “responsible deployment” is vital as the industry confronts daunting potential security risks. The call came on the first day of the Global Financial Leaders’ Investment Summit in Hong Kong, where executives from leading firms including Goldman Sachs, Morgan Stanley, JPMorgan, Pimco and Bridgewater shared their insights on the dawning era of AI...

As concerns over the financial health of a state-owned conglomerate rattled China’s bond market over the past week, analysts said its challenges reflected the lasting toll of the country’s prolonged property crisis, with local governments struggling to find sustainable alternatives beyond real estate to support their economies. At the centre of the storm is Zhuhai Huafa Group, the largest local government-owned enterprise in Zhuhai in southern China’s Guangdong province. While property...

Forty Thai companies are recognized in Fortune's 2026 Southeast Asia Best Companies to Work For, based on responses from 1.3 million employees.

Hong Kong’s primary and secondary private residential property sales fell in October compared to the previous month, as the expectation of an interest rate increase by year-end draws nearer, according to new market research. Conducted by Centaline Property, the research indicated that Hong Kong recorded 1,410 first-hand private residential property transactions in October, with a total transaction value of HK$18.66 billion (US$2.38 billion). This represented a respective decline of 5.8 per cent...