Anthropic opens books on AI's explosive growth and staggering costs

GMA Network - Oct 26, 2026

Anthropic unveiled its US IPO filing on Monday, laying out its ambitions to build AI systems capable of transforming the global economy, and the costs and challenges of developing the tech.

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Cirtek to sell electronics unit to Indian firm for $20.2M

Oct 26, 2026

Cirtek to sell electronics unit to Indian firm for $20.2M

MANILA, Philippines — Cirtek Holdings Philippines Corp. plans to sell its wholly owned electronics subsidiary to an Indian company for $20.2 million, freeing up funds to reduce debt and support its remaining core business. In a disclosure on Monday, the listed company said its board approved the sale of Cirtek Electronics Corp. (CEC) to Sancode Semi

In a global first, Hong Kong opens secondary trading for tokenised public funds

Oct 26, 2026

In a global first, Hong Kong opens secondary trading for tokenised public funds

The Hong Kong Securities and Futures Commission (SFC) on Monday approved the world’s first-ever secondary trading of tokenised public funds, reinforcing the city’s push to build the region’s leading ecosystem for tokenised finance. Investors can now trade two tokenised money market funds – the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund – on an SFC-licensed virtual asset trading platform (VATP). “For retail investors, this marks a vital upgrade in time...

From bright ideas to real businesses: women entrepreneurs make their mark in Shenzhen

Oct 26, 2026

From bright ideas to real businesses: women entrepreneurs make their mark in Shenzhen

[The content of this article has been produced by our advertising partner.] From AI-powered mental health screening to beer brewed from surplus bread, women entrepreneurs at the Standard Chartered Women’s International Network (SC WIN) Now & Next Challenge in Shenzhen demonstrated how innovation can drive commercial opportunities. With customers and partnerships already established, many are now seeking sustainable growth across markets. At the Pitch Finale at the Mandarin Oriental Shenzhen on...

Could new US investment curbs complicate China’s biotech licensing surge?

Oct 26, 2026

Could new US investment curbs complicate China’s biotech licensing surge?

Chinese biotech firms face fresh headwinds in their global expansion as Washington’s proposed outbound investment restrictions threaten to disrupt deal structures, even though drug licensing agreements remain untouched for now, analysts say. The US Treasury Department’s draft rules released last week would “make it much harder for Chinese biotech firms to attract direct US investment or enter joint ventures”, according to David Zhang, an analyst at policy research firm Trivium China. US Treasury...

Top bankers to gather in Hong Kong to learn how city has rethought ‘playbook’

Oct 26, 2026

Top bankers to gather in Hong Kong to learn how city has rethought ‘playbook’

Around 280 of the world’s top bankers, including 120 group chairmen and CEOs, will gather in Hong Kong next week to learn how the city has been rethinking its playbook as it moves forward, Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Monday. This year’s summit will host the biggest number of group-level executives since its inaugural forum in 2022. The financial luminaries include Morgan Stanley chairman Ted Pick, Goldman Sachs chairman David Solomon and...

BIR suspends mandatory display of registration seal badge for online sellers, creators

Oct 26, 2026

BIR suspends mandatory display of registration seal badge for online sellers, creators

The Bureau of Internal Revenue on Monday suspended the mandatory display of the registration seal badge on websites, social media business pages, and other digital platforms until further notice.

Marcos inaugurates solar pump irrigation system in Cagayan to help farmers vs El Niño

Oct 26, 2026

Marcos inaugurates solar pump irrigation system in Cagayan to help farmers vs El Niño

President Ferdinand "Bongbong" Marcos Jr. on Monday inaugurated a solar pump irrigation system in Cagayan that is meant to help farmers amid the threat of a very strong El Niño.

Diesel, kerosone pump prices up, gasoline down on Tuesday, Oct. 27, 2026

Oct 26, 2026

Diesel, kerosone pump prices up, gasoline down on Tuesday, Oct. 27, 2026

The Department of Energy announced Monday the mixed movements in pump prices this week.

China’s bearish stock market faces more pressure from weak earnings growth forecast

Oct 26, 2026

China’s bearish stock market faces more pressure from weak earnings growth forecast

Corporate earnings are becoming another factor holding back Chinese stocks, with industries ranging from consumer goods to real estate and green energy under pressure because of weak demand or excessive capacity. Profit growth through the first nine months for mainland Chinese listed companies slowed compared with the pace in the first half, according to Shenwan Hongyuan Group. The Shanghai-based brokerage based its forecast on government data on industrial profits, which it said had a high...

Global gold trading hub status attracts industry leaders to set up operations in Hong Kong

Oct 26, 2026

Global gold trading hub status attracts industry leaders to set up operations in Hong Kong

Investment in gold – long considered a traditional safe-haven during uncertain times – is taking on renewed importance amid the current global geopolitical uncertainty, market volatility and shifting confidence. For Hong Kong, this surge in interest comes as it is increasing its effort to become an international gold trading centre – a role that builds on its strengths as an international centre for finance, legal services, logistics and its connection with mainland China. The city’s government...

BSP’s inflation fight dims rate cut hopes

Oct 26, 2026

BSP’s inflation fight dims rate cut hopes

MANILA, Philippines — Interest rate cuts may be pushed further into the future after the Bangko Sentral ng Pilipinas (BSP) signaled it was prepared to raise rate further to choke off rapid inflation, economists said, suggesting that price stability would take precedence over economic growth. In a note to clients, economists at China Banking Corp. said

PH manufacturing staging comeback

Oct 26, 2026

PH manufacturing staging comeback

MANILA, Philippines — The Philippine peso’s slide to back-to-back record lows is breathing new life into the country’s once-stagnant manufacturing sector, HSBC said, though curbing inflation and logistics costs will be crucial to sustaining the gains. Aris Dacanay, senior Asean economist at HSBC, said the weaker currency could make Philippine exports more competitive in international markets,

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