Agri damage due to El Niño tops P8.57 billion, says DA

GMA Network - Oct 21, 2026

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.

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Super Typhoon Rosal threatens over 600K hectares of crops in Northern Luzon

Oct 21, 2026

Super Typhoon Rosal threatens over 600K hectares of crops in Northern Luzon

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.

GSIS to offer P1.69B in emergency loans in Albay, Camarines Norte, Naga

Oct 21, 2026

GSIS to offer P1.69B in emergency loans in Albay, Camarines Norte, Naga

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.

Apec finance ministers reach consensus on AI, digital financing in Hong Kong

Oct 21, 2026

Apec finance ministers reach consensus on AI, digital financing in Hong Kong

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 PH sees single-digit growth in claims costs per member in 2026

Oct 21, 2026

MediCard PH sees single-digit growth in claims costs per member in 2026

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.

A 2027 turning point? Goldman, Citi see stabilising signs in China’s housing market

Oct 21, 2026

A 2027 turning point? Goldman, Citi see stabilising signs in China’s housing market

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 eases uncertainty over offshore trust taxes before grace period ends

Oct 21, 2026

China eases uncertainty over offshore trust taxes before grace period ends

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...

DeepSeek seeks ‘total victory’ over closed-source AI with new open-source tool

Oct 21, 2026

DeepSeek seeks ‘total victory’ over closed-source AI with new open-source tool

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...

Thai PM Orders Nationwide Crackdown on Illegal Nominee Land Holdings

Oct 21, 2026

Thai PM Orders Nationwide Crackdown on Illegal Nominee Land Holdings

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 […]

Surveyors say presales at Pak Shing Kok residential project could begin in 2028

Oct 21, 2026

Surveyors say presales at Pak Shing Kok residential project could begin in 2028

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...

DA: Pork prices unlikely to rise in Christmas due to enough supply

Oct 21, 2026

DA: Pork prices unlikely to rise in Christmas due to enough supply

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.

Peso touches 63.23:$1 on intraday trading

Oct 21, 2026

Peso touches 63.23:$1 on intraday trading

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

Thailand Business News — Wednesday, 21 October 2026 | Thailand, ASEAN & Global Markets

Oct 21, 2026

Thailand Business News — Wednesday, 21 October 2026 | Thailand, ASEAN & Global Markets

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

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