ASEAN Prepares Collective Oil Reserves Framework to Counter Regional Supply Shocks

Thailand Business News - Nov 12, 2026

Member states of the Association of Southeast Asian Nations (ASEAN) are advancing toward the implementation of a collaborative petroleum product stockpiling framework targeted for 2027.

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Grab Philippines names new country head

Nov 12, 2026

Grab Philippines names new country head

Grab Philippines names new country head

Peso slides to P63.7:$1

Nov 12, 2026

Peso slides to P63.7:$1

The Philippine peso continued its downtrend for the second straight trading day on Thursday.

Better infrastructure can reduce Philippines' sugar importation, says research center

Nov 12, 2026

Better infrastructure can reduce Philippines' sugar importation, says research center

Improved infrastructure and better farming practices can help reduce the government's reliance on importing sugar for supply, the University of Asia and the Pacific-Center for Food and Agri Business said in its latest policy brief.

Singapore opens gold vault to foreign central banks in race to become Asia’s gold hub

Nov 12, 2026

Singapore opens gold vault to foreign central banks in race to become Asia’s gold hub

Singapore has opened its national gold vault to foreign central banks, a move analysts say will sharpen its head-to-head rivalry with Hong Kong for the title of Asia’s leading bullion hub. The Monetary Authority of Singapore (MAS) has announced that it would store gold for overseas central banks, international financial institutions and sovereign entities in its currency vault. The facility can hold 500 tonnes and has room for expansion. Deputy Prime Minister Gan Kim Yong, who chairs the...

China’s Huafa abandons domestic AAA rating amid Fitch downgrade, bond market jitters

Nov 12, 2026

China’s Huafa abandons domestic AAA rating amid Fitch downgrade, bond market jitters

Zhuhai Huafa Group, a heavily indebted state-owned enterprise whose recent troubles rattled China’s bond market, has voluntarily ended its engagement with a major domestic credit assessor, leading to the withdrawal of its AAA rating after an international ratings agency downgraded the firm. Huafa – the largest enterprise owned by the government of Zhuhai, a city in southern China’s Guangdong province – disclosed in a filing to the Shanghai Stock Exchange on Tuesday that it would terminate its...

Chinese regulators back investor lawsuits in push to shore up stock market confidence

Nov 12, 2026

Chinese regulators back investor lawsuits in push to shore up stock market confidence

Chinese regulators are stepping up efforts to protect individual investors by backing legal action against listed companies accused of misconduct while fast-tracking compensation for losses. The moves come as authorities seek to restore confidence in a stock market that has tentatively stabilised with support from state buying. The China Securities Investor Services Centre, which represents small investors and is backed by the stock market regulator, has filed a lawsuit against Beijing-based...

Nat'l Dairy Authority welcomes first private partner in milk feeding program

Nov 12, 2026

Nat'l Dairy Authority welcomes first private partner in milk feeding program

The National Dairy Authority (NDA) welcomed ABI Pascual Foods, Inc. as its first partner from the private sector for its milk feeding program for school children.

Li Ka-shing family’s British pub chain names first female CEO in 227 years

Nov 12, 2026

Li Ka-shing family’s British pub chain names first female CEO in 227 years

Greene King, the British brewer and pub operator owned by Hong Kong billionaire Li Ka-shing’s family, has appointed its first female chief executive in its 227-year history, seven years after the family acquired the business as part of its overseas expansion. Clair Preston-Beer, currently Greene King’s chief commercial officer, will take over the role in March 2027, succeeding Nick Mackenzie, who will step down at the end of February but remain on the company’s board to support the transition,...

Asian Terminals secures fresh 25-year concession

Nov 12, 2026

Asian Terminals secures fresh 25-year concession

Ports and logistics operator Asian Terminals Inc. (ATI) on Thursday announced it has secured a 25-year renewal of its concession to operate and develop Manila South Harbor (MSH).

BIR posts P2.81T collections from Jan. to Oct. 2026, up 5.63%

Nov 12, 2026

BIR posts P2.81T collections from Jan. to Oct. 2026, up 5.63%

The Bureau of Internal Revenue (BIR) said on Thursday that it recorded P2.84 trillion in gross collections in the first ten months of the year.

As Beijing pushes for cash return, Chinese firms can unlock 15% valuation boost: report

Nov 12, 2026

As Beijing pushes for cash return, Chinese firms can unlock 15% valuation boost: report

Chinese companies could unlock a further 15 per cent in equity valuation upside by stepping up share buy-backs and dividend payouts, as Beijing seeks to encourage listed firms to return more cash to investors, according to Goldman Sachs. The US investment bank said in a report on Wednesday that an increase in corporate payout ratios and share repurchases, in line with policymakers’ efforts to improve shareholder returns, could lift valuations of the MSCI China Index by about 15 per cent from...

Farmers may earn up to P8 per kilo as palay buying price rises --NFA

Nov 12, 2026

Farmers may earn up to P8 per kilo as palay buying price rises --NFA

The National Food Authority (NFA) said on Thursday that farmers may earn up to P8 per kilo after it recently raised the palay buying price to P30 per kilogram.

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