ASEAN Must Improve Investment Readiness to Accelerate Energy Transition

Thailand Business News - Oct 22, 2026

ASEAN's renewable energy transition will depend not only on the availability of financing but also on the region's ability to convert opportunities into investment-ready projects that can attract private capital at scale.

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BIR files complaints vs. 2 firms over P45 million in unpaid taxes

Oct 22, 2026

BIR files complaints vs. 2 firms over P45 million in unpaid taxes

The Bureau of Internal Revenue said it has filed two complaints with the Department of Justice against two corporations due to P45 million in tax liabilities for taxable years 2017 and 2018.

Mynt faces earnings test after PSE debut

Oct 22, 2026

Mynt faces earnings test after PSE debut

MANILA, Philippines — Fresh from its stock market debut, GCash operator Mynt Inc. is turning investors’ attention to its upcoming third-quarter results, which analysts expect will provide a clearer picture of its growth trajectory. Mynt closed its first trading session at its P6.60 offer price. Abacus said the flat finish suggested price stabilization by the offering’s

Hong Kong targets financial innovation to help ease economic ‘pain points’

Oct 22, 2026

Hong Kong targets financial innovation to help ease economic ‘pain points’

Hong Kong’s top banking regulator has called for greater innovation in the city’s financial system to help address “pain points” in the real economy, as the city works with mainland Chinese and Asia-Pacific partners to navigate a host of sustainability, geopolitical and other challenges. “True innovation in finance is not simply about chasing novelty; it’s about transforming conventional financial tools into efficient solutions,” said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary...

US-China ties need more working-level dialogues, not just summits: business chamber

Oct 22, 2026

US-China ties need more working-level dialogues, not just summits: business chamber

The president of the American Chamber of Commerce in China (AmCham China) has urged Beijing and Washington to push more negotiations down to working-level officials, saying businesses need greater long-term stability in bilateral ties than leader-level diplomacy alone can provide. Michael Hart, president of the chamber, said American businesses were encouraged by the unprecedented frequency of meetings between the presidents of China and the US, but warned that working-level officials had less...

Peso sinks beyond 63.4:$1

Oct 22, 2026

Peso sinks beyond 63.4:$1

MANILA, Philippines — The Philippine peso sank past 63.4 per dollar to hit a fresh record low on Thursday, as investors braced for the Bangko Sentral ng Pilipinas’ (BSP) next policy move amid persistently high inflation. The local currency opened at 63.31 against the greenback before sliding to an intraday low of 63.47 during morning trading,

DICT's Almirol denies conflict of interest involving his old firm

Oct 22, 2026

DICT's Almirol denies conflict of interest involving his old firm

Suspended Undersecretary David Almirol said that it was Multisys that belatedly filed its General Information Sheet before the Securities and Exchange Commission (SEC).

Power outages may hit Visayas consumers

Oct 22, 2026

Power outages may hit Visayas consumers

MANILA, Philippines — Consumers face brownout risks across the Visayas as the grid remains under red alert for a third straight day amid tight power supply. The country’s grid operator placed the Visayas under red alert from 5 p.m. to 6 p.m., still due to a power crunch caused by outages at several power plants in

Barclays bank to cut about 5,000 jobs amid AI drive

Oct 22, 2026

Barclays bank to cut about 5,000 jobs amid AI drive

Barclays announced it will cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 in an AI efficiency drive, alongside an update that its net profit grew 13% in Q3.

China expands tax workforce as tougher enforcement moves into spotlight

Oct 22, 2026

China expands tax workforce as tougher enforcement moves into spotlight

Beijing’s plan to recruit more tax officers next year is drawing attention from businesses and wealthy families as tax compliance rises up the policy agenda and authorities intensify enforcement efforts. China’s 2027 national civil service recruitment plan includes 24,013 tax-related positions, accounting for more than 67 per cent of all vacancies, up from over 65 per cent a year earlier. Most of the vacancies are at the State Taxation Administration’s local branches, which are recruiting staff...

China targets offshore trusts in widening push for taxes

Oct 22, 2026

China targets offshore trusts in widening push for taxes

Thursday marked the deadline for Chinese taxpayers to make outstanding tax payments tied to offshore trusts as the government chases new funding sources to help ease fiscal strains. Investors face a 20 per cent tax based on the initial value of assets placed in trusts and a 20 per cent tax on distributions under a policy coming into force on Friday. Authorities backdated the taxes to January 1, 2023, and gave trust holders a 90-day grace period to make penalty-free payments when the changes were...

BPI names Ginbee Go to succeed Limcaoco as CEO

Oct 22, 2026

BPI names Ginbee Go to succeed Limcaoco as CEO

MANILA, Philippines — Bank of the Philippine Islands (BPI) has tapped consumer banking head Maria Cristina “Ginbee” Go to succeed Jose Teodoro “TG” Limcaoco as president and CEO next year. On Thursday, the  Ayala-led bank said its board approved a succession plan for Go to assume the posts on April 26, 2027, following its annual stockholders’

Peso weakens to P63.52:$1, the 30th record low of 2026

Oct 22, 2026

Peso weakens to P63.52:$1, the 30th record low of 2026

The Philippine peso depreciated further against the US dollar on Thursday to mark its 30th record low so far this year, amid inflationary concerns as global oil prices continue to increase.

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