AsiaLogue - Most Recent

Most Recent

Sep 30, 2026

New World Development posts HK$26.8b loss after 11 Skies termination

New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its flagship 11 Skies mall project. Echo Huang, the firm’s chief executive, said at a Wednesday earnings briefing that the group had “met its targets over the past 18 months”, including focusing on its property business, improving cash flow and enhancing operating efficiency. NWD will...

Sep 30, 2026

DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m

Maxim’s Caterers has struck a deal to buy back its shares from DFI Retail Group for US$340 million plus control of its licensed Starbucks business, according to an exchange filing released on Wednesday. The deal will mark the start of a fresh chapter for Maxim’s, bringing an end to decades of part ownership by the conglomerate Jardine Matheson, which owns DFI Retail. Jardine Matheson bought a 50 per cent interest in Maxim’s in 1972, before transferring the stake to Dairy Farm, now known as DFI...

US dollar surges in September, leaving euro lagging

Sep 30, 2026

Key drivers for the common currency will be expectations for Fed and ECB policy

Sep 30, 2026

PH must rethink worker preparation amid AI use -- experts

Experts called on companies in the country to rethink preparing workers to cope with the rising artificial intelligence (AI) adoption and overseas migration.

Renminbi has ‘huge’ room to grow as more Chinese firms expand overseas: StanChart

Sep 30, 2026

But currency is unlikely to challenge the US dollar’s dominant position soon, say lender’s executives

Sep 30, 2026

Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market

Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers were named on Tuesday as part of the third batch of mandates awarded under the Monetary Authority of Singapore’s (MAS)...

Sep 30, 2026

Peso weakness drives PH debt to record P19.61 trillion

The Philippine government"s outstanding debt hit a new record high of P19.606 trillion as of the end of August, up 1.12% from the previous month, the Bureau of the Treasury (BTr) reported.

Sep 30, 2026

Thailand floods disrupt Toyota production and Thai Airways cargo operations

Thailand’s flooding has moved from a regional disruption to a direct hit on two major pillars of the economy: automotive manufacturing and air cargo

Sep 30, 2026

PH slips 2 spots in global innovation ranking

The Philippines fell two spots in a global ranking of economies based on their innovation capabilities, according to this year"s Global Innovation Index (GII) released by the World Intellectual Property Organization (WIPO).

Sep 30, 2026

Globe earns positive assessment from Morgan Stanley ahead of GCash IPO

Telecommunications firm Globe Telecom Inc. has secured a positive assessment from global investment bank Morgan Stanley ahead of Mynt's initial public offering.