Asian Tech and Equity Markets Suffer Massive Losses from AI Rout

Thailand Business News - Nov 6, 2026

Because Asian tech economies host the core manufacturing backbone for global AI hardware, the region has borne the brunt of the global sell-off:

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Maynilad allots P27.5B for capex in 2027

Nov 6, 2026

Maynilad allots P27.5B for capex in 2027

MANILA, Philippines — Maynilad Water Services Inc. (Maynilad) is bullish about keeping its strong financial position in 2027 despite the threat of super El Niño, as the group fortifies its network now while giving an additional P27.5-billion capital boost for next year. At a media briefing, chief financial officer Ricardo Delos Reyes said Maynilad has “no

Earthquake dragged down Century Pacific Food profit

Nov 6, 2026

Earthquake dragged down Century Pacific Food profit

MANILA, Philippines — Century Pacific Food remained optimistic about ending the year strong despite earthquake-related losses dragging down its net income in the first three quarters. On Thursday, the company said its net profit after tax reached P5.15 billion in the January-to-September period, down 11 percent from P5.78 billion a year ago. READ: Century Pacific

Re-engineering your business model before it fails

Nov 6, 2026

Re-engineering your business model before it fails

MANILA, Philippines — When business leaders talk about declining top-line performance, they usually point to familiar targets: high interest rates, persistent inflation, rising supply chain costs or aggressive new competitors. They operate on the comfortable assumption that the customer remains the same, merely tightening their belt until economic conditions improve. That is a dangerous assumption. What

TikTok removes 3.36M videos from the Philippines, tightens brand safeguards

Nov 6, 2026

TikTok removes 3.36M videos from the Philippines, tightens brand safeguards

MANILA, Philippines — TikTok removed more than 3.36 million videos in the Philippines for violating its community guidelines in the second quarter of 2026, as the platform expands safeguards against content and counterfeit risks facing advertisers and sellers. Citing its latest Community Guidelines Enforcement Report, TikTok said 99.6 percent of the Philippine takedowns were proactive, and

DA eyes P1-B to vaccinate small hog farms vs ASF

Nov 6, 2026

DA eyes P1-B to vaccinate small hog farms vs ASF

MANILA, Philippines — The Department of Agriculture (DA) is seeking approximately P1 billion in funding next year to procure African swine fever (ASF) vaccines for smaller local hog producers. “One of our requests for 2027 is to secure a budget allocation for ASF vaccines for smallholder farmers,” Agriculture Assistant Secretary Arnel de Mesa said. “The initial

El Niño prompts DA to seek P3B for irrigation

Nov 6, 2026

El Niño prompts DA to seek P3B for irrigation

MANILA, Philippines — The Department of Agriculture (DA) is requesting more than P3 billion to roll out irrigation facilities nationwide to ease the impact of El Niño on farm production. Agriculture Assistant Secretary Arnel de Mesa said the DA is seeking additional funding to deploy regular and mobile irrigation systems nationwide to help address water shortages

Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Nov 6, 2026

Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Stocks in Hong Kong and mainland China dropped on Friday, tracking a meltdown in US technology companies that erased more than US$2 trillion in market value on concerns that a Democrat-controlled Congress could upend AI infrastructure buildouts. The Hang Seng Index fell 1.5 per cent to 24,458.68 by 9.32am, while the Hang Seng Tech Index slumped 2.1 per cent. The mainland’s CSI 300 Index sank 1.8 per cent and the Star 50 gauge, which has a big exposure to AI chipmakers, tumbled 3.5 per...

Pump price rollbacks of up to P14 per liter seen next week

Nov 6, 2026

Pump price rollbacks of up to P14 per liter seen next week

Motorists may expect significant rollbacks in fuel prices next week, with gasoline prices projected to drop by as much as P14 per liter, the Department of Energy (DOE) said Friday.

‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Nov 6, 2026

‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Before tech stocks plummeted in the US overnight, executives at a private wealth conference in Hong Kong have highlighted AI infrastructure as a versatile “defence plus growth” investment opportunity, while cautioning investors against portfolios that are overreliant on artificial intelligence. “Infrastructure opportunities now really lie at the bottleneck of solving [AI’s] demands within structural growth,” the head of managed investments and Hong Kong wealth solutions at Standard Chartered...

PH unemployment climbs to 5.4% in September 2026, jobless Filipinos at 2.86M

Nov 6, 2026

PH unemployment climbs to 5.4% in September 2026, jobless Filipinos at 2.86M

The number of jobless Filipinos rose to 2.86 million in September 2026, bringing the country"s unemployment rate to 5.4%, data released by the Philippine Statistics Authority (PSA) on Friday showed.

Ayala Land builds resilience as recurring income gains ground

Nov 6, 2026

Ayala Land builds resilience as recurring income gains ground

Ayala Land Inc. is strengthening its recurring-income businesses as a growing source of stability amid economic headwinds and challenges in the property sector, with leasing and hospitality revenues rising 8% to P37.8 billion in the first nine months of 2026.

‘Bullish on China’: US brand Levi’s bucks retail headwinds with localisation strategies

Nov 6, 2026

‘Bullish on China’: US brand Levi’s bucks retail headwinds with localisation strategies

US apparel retailer Levi Strauss & Co says it is bullish on China and plans further investment and new store openings in the market, riding robust growth driven by young shoppers. While the consumer market in China remains challenging for many multinationals, with a host of foreign brands shuttering stores amid rapid market shifts and broader consumption headwinds, Levi’s sees itself as an exception. “We are going to be able to see China become a much bigger portion of our business globally,”...

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