Bank of Thailand Plans Tighter Rules for Buy Now, Pay Later Services

Thailand Business News - Nov 5, 2026

The Bank of Thailand (BOT) plans to tighten controls on Buy Now, Pay Later (BNPL) services from December, aiming to curb debt risks

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Soaring fuel costs leave PAL with $159-M loss

Nov 5, 2026

Soaring fuel costs leave PAL with $159-M loss

MANILA, Philippines — Philippine Airlines (PAL) remained in the red in the first nine months of 2026, as skyrocketing fuel costs due to the Middle East conflict wiped out its modest revenue gains despite efforts to rein in expenses. Based on its latest financial report, the Lucio Tan-led flag carrier swung to a $159-million net loss

MVP-led Kayana takes reins of Bayad Center

Nov 5, 2026

MVP-led Kayana takes reins of Bayad Center

MANILA, Philippines — Kayana Solutions Inc., a company led by tycoon Manuel V. Pangilinan, has completed a P2.7-billion transaction to take full control of payment services provider CIS Bayad Center Inc. The latter was previously majority-owned by Manila Electric Co. (Meralco) through a subsidiary. READ: Meralco, CIS sell 90% stake in Bayad Center for P2.7B In

Core bottom line of Ayala Group’s IMI jumped 52%

Nov 5, 2026

Core bottom line of Ayala Group’s IMI jumped 52%

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) reported a 52-percent increase in third-quarter core net income to $24.1 million from $15.8 million a year earlier, supported by revenue growth, better utilization and higher-value manufacturing programs. The electronics manufacturer said on Wednesday that nine-month core revenue rose by 3.6 percent to $703.2 million from $678.7

Peza raises 2027 goal; new record within reach

Nov 5, 2026

Peza raises 2027 goal; new record within reach

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) is looking to set a much higher investment target for 2027, as it moves closer to surpassing its all-time record for annual investment approvals set more than a decade ago. Already, the investment promotion agency has recorded P309.63 billion in approved investments as of end-October, exceeding its

UnionBank ready to inject capital into UnionDigital

Nov 5, 2026

UnionBank ready to inject capital into UnionDigital

MANILA, Philippines — Union Bank of the Philippines is prepared to inject fresh capital into its digital banking unit, UnionDigital Bank, if the Bangko Sentral ng Pilipinas (BSP) rejects its request for regulatory relief as the lender moves to absorb the subsidiary. Speaking to reporters on Wednesday, UnionBank president and CEO Ana Maria Aboitiz-Delgado described the

PH seen missing 2032 nuclear power target 

Nov 5, 2026

PH seen missing 2032 nuclear power target 

MANILA, Philippines — The Philippines is setting the stage for local nuclear development, but the government may miss its 2032 target to generate the first kilowatt from the technology, an official of the Nuclear Energy Agency (NEA) said. Speaking to reporters, William Magwood, NEA director general, said the country was “very well-positioned” for a country

ERC grills firms over VisMin outages

Nov 5, 2026

ERC grills firms over VisMin outages

MANILA, Philippines — The Energy Regulatory Commission (ERC) has started to clamp down on generation companies (gencos), including those owned by energy giants, due to ongoing electricity supply issues across the Visayas and Mindanao caused by power plant outages. On Wednesday, the commission said it had issued 24 show cause orders (SCOs) against 13 gencos last

Cheap imports didn’t lower pork prices—Sinag

Nov 5, 2026

Cheap imports didn’t lower pork prices—Sinag

MANILA, Philippines — Amid mixed reactions to the Department of Agriculture’s (DA) proposal to restore pork tariffs, the Samahang Industriya ng Agrikultura (Sinag) said cheaper imported pork has failed to lower retail prices and has impacted the livelihoods of local hog raisers. “Instead, it has driven down farmgate prices and placed the burden of excessive imports

Chinese banks explore local e-CNY wallets for foreign firms via upgraded platform

Nov 5, 2026

Chinese banks explore local e-CNY wallets for foreign firms via upgraded platform

Beijing is expanding its central bank-backed digital currency network to offshore institutions, including Hong Kong branches, while banks are also exploring local e-CNY wallets for foreign firms to deepen cross-border integration. “We currently have 30 domestic banks as e-CNY operators. Right now we’re working to extend this capability to offshore banks,” Lu Yuan, deputy head of the People’s Bank of China’s digital currency research institute, said on a panel at Hong Kong’s Fintech Week. “We...

Diversification and flexibility key to investment in challenging times

Nov 5, 2026

Diversification and flexibility key to investment in challenging times

[The content of this article has been produced by our advertising partner.] Many indicators have highlighted Hong Kong’s growing pre-eminence as an international financial centre, including the “World Ultra Wealth Report 2026”1 – published in June by the New York-based wealth intelligence firm Altrata. It showed that, up to the end of last year, Hong Kong had an estimated 18,290 ultra-high-net-worth (UHNW) individuals with personal assets of more than US$30 million, which represented a 26.4 per...

Why Hong Kong wealth managers want broader access to mainland China’s Nasdaq-style markets

Nov 5, 2026

Why Hong Kong wealth managers want broader access to mainland China’s Nasdaq-style markets

Most asset managers in Hong Kong expect broader access to mainland China’s two Nasdaq-style stock markets to strengthen the city’s private wealth business, an industry survey shows, as hard-tech firms continue to attract investors despite a recent pullback. The report, released by the Private Wealth Management Association (PWMA) and KPMG China, surveyed most of the association’s 44 institutional members, ranging from Agricultural Bank of China (Hong Kong) to UBS, as well as asset managers and...

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