As global AI sell-offs rattle investors, Goldman Sachs touts ‘enormous opportunities’

South China Morning Post - Nov 3, 2026

The artificial intelligence (AI) boom could be a super-long cycle that would eventually drive productivity and bring down costs, according to the chairmen of Morgan Stanley and Goldman Sachs, who suggested the ongoing pullback in technology stocks could be a temporary speed bump. David Solomon, who is also Goldman Sachs’ CEO, and Ted Pick, also CEO of Morgan Stanley, touted the prospects of the cutting-edge technology and its demand at the Global Financial Leaders’ Investment Summit in Hong Kong...

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Philippine ready-to-drink dairy milk production set to increase by 2027

Nov 3, 2026

Philippine ready-to-drink dairy milk production set to increase by 2027

The production and consumption of ready-to-drink dairy milk in the Philippines are expected to increase in 2027 due to the increase in dairy herds and various demands, the United States Department of Agriculture (USDA) said.

PH corn production falls 17% in Q3 2026 - PSA

Nov 3, 2026

PH corn production falls 17% in Q3 2026 - PSA

The country"s corn production declined in the third quarter of 2026 compared with the same period last year, according to the Philippine Statistics Authority (PSA).

Gasoline prices up by P3.50/L

Nov 3, 2026

Gasoline prices up by P3.50/L

MANILA, Philippines — The Department of Energy (DOE) said gasoline prices will increase by as much as P3.50 per liter effective on Tuesday. Diesel and kerosene will have price cuts of at least P1 to P1.90, respectively. The DOE cited “ongoing developments in the Middle East that are affecting global supply and prices.” READ: Gasoline

Biz groups to PH, China: ‘Lower the temperature’

Nov 3, 2026

Biz groups to PH, China: ‘Lower the temperature’

MANILA, Philippines — The Philippines stands to suffer more than China from a further deterioration in bilateral relations, business and civic groups warned on Monday, urging Manila and Beijing to “lower the temperature” and prevent their diplomatic standoff from damaging trade, investment and jobs. More than 20 business, labor and civic organizations called for a

Biz groups, civil society urge restraint in PH-China exchanges

Nov 3, 2026

Biz groups, civil society urge restraint in PH-China exchanges

Business and civil society groups have called on Philippine and Chinese officials to exercise sobriety and restraint and renew diplomatic engagement amid recent heated public exchanges between government officials and the Chinese Embassy.

Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub

Nov 3, 2026

Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub

Hong Kong’s plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the precious metal, according to analysts. The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong’s ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on Monday. He said the effort...

LTFRB probes Move It over alleged rider cap violation

Nov 3, 2026

LTFRB probes Move It over alleged rider cap violation

The Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday said it is investigating a motorcycle taxi company for allegedly allowing more riders to register on its platform than the number authorized by the agency.

DOLE launches 'hotline 15/30' for quick assistance to workers' concerns

Nov 3, 2026

DOLE launches 'hotline 15/30' for quick assistance to workers' concerns

The Department of Labor and Employment (DOLE) launched its hotline 15/30 that seeks to provide immediate assistance to workers" concerns.

PH factory activity contracts for 2nd straight month in October

Nov 3, 2026

PH factory activity contracts for 2nd straight month in October

Philippine manufacturing contracted for the second straight month in October as weak demand dragged output and new orders, results of the latest S&P Global survery released on Tuesday showed.

Finance chief Frederick Go eyes improving PERA program

Nov 3, 2026

Finance chief Frederick Go eyes improving PERA program

Finance Secretary Frederick Go is looking into improving the Personal Equity and Retirement Account (PERA).

Thailand Business News — Morning Briefing | Tuesday, 3 November 2026 | Thailand, ASEAN and Global Markets

Nov 3, 2026

Thailand Business News — Morning Briefing | Tuesday, 3 November 2026 | Thailand, ASEAN and Global Markets

Today's briefing focuses on Thailand's improving manufacturing activity, South Korea's major AI investment programme, China's efforts to manage currency appreciation and stabilise its stock market, and diverging manufacturing trends across Asia.

PH banks post record Q3 profit

Nov 3, 2026

PH banks post record Q3 profit

MANILA, Philippines — Philippine banks posted their highest third-quarter profit on record in 2026, as elevated rates boosted their margins despite economic headwinds at home and abroad. Banks booked a combined net profit of P315.5 billion as of end-September, up 4.3 percent from a year earlier, according to preliminary Bangko Sentral ng Pilipinas (BSP) data. It

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