Beijing police detain Yiren Digital chairman after massive product defaults

South China Morning Post - Oct 12, 2026

Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female...

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Red hot inflation seen extending BSP hikes

Oct 12, 2026

Red hot inflation seen extending BSP hikes

MANILA, Philippines — The Philippines is facing the highest pressure from inflation in Asia, which may prompt the Bangko Sentral ng Pilipinas (BSP) to extend its rate-hiking cycle even as economic growth has already weakened, analysts said. In a report, Nomura economists pointed to early signs of inflation generalization across Asia, a key indicator for

Foreign investors turned net sellers of PH stocks, bonds in August

Oct 12, 2026

Foreign investors turned net sellers of PH stocks, bonds in August

MANILA, Philippines — Foreign investors turned net sellers of Philippine stocks and government securities in August, snapping three consecutive months of foreign portfolio investment (FPI) net inflows as outflows exceeded inflows by $315 million. Data from the Bangko Sentral ng Pilipinas (BSP) showed the FPI net outflow marked a sharp reversal from the $2.3-billion net inflow

Why young professionals are not good at AI

Oct 12, 2026

Why young professionals are not good at AI

MANILA, Philippines — When a new technology arrives, owners often turn to the youngest people in the room. They learn the tools quickly. Surely they should lead the way? With artificial intelligence (AI), that assumption can be expensive. A young professional can produce an impressive strategy report without understanding the strategy. A CEO can mistake that

Technology@Speed:  Turning technology investments into long-term value

Oct 12, 2026

Technology@Speed:  Turning technology investments into long-term value

MANILA, Philippines — Technological innovation, evolving customer expectations, geopolitical uncertainty and changing business models are reshaping industries at an unprecedented pace. Business transformation has to go beyond being a one-time initiative with a defined beginning and end, and instead become a continuous process of adaptation, reinvention and value creation. However, business leaders face the challenge of

BIZ BUZZ: GCash waits for no market

Oct 12, 2026

BIZ BUZZ: GCash waits for no market

MANILA, Philippines — Waiting for the perfect stock market could become a very long courtship. And now, Mynt Inc. has decided it is ready to commit. Asked why the GCash operator was pushing ahead with its initial public offering amid intense market volatility, chief financial officer Evelyn Ng said confidence in the business helped settle the

ERC tells Meralco to refund P2.64 billion to customers

Oct 12, 2026

ERC tells Meralco to refund P2.64 billion to customers

The Energy Regulatory Commission has ordered the Manila Electric Company (Meralco) to refund around P2.64 billion to its customers.

Beijing moves to steady A-share market after sharp tech sell-off

Oct 12, 2026

Beijing moves to steady A-share market after sharp tech sell-off

China’s top securities regulator has signalled fresh support for the domestic A-share market, convening a symposium over the weekend as authorities sought to shore up sentiment following a sharp sell-off in technology shares driven by concerns over US sanctions. The China Securities Regulatory Commission (CSRC) brought together executives from listed companies and experts from securities firms and fund managers at a meeting in Beijing on Saturday to “discuss the country’s capital markets and...

Beyond AI: How HKICC 2026 Develops Judgement, Resilience and Global Leadership

Oct 12, 2026

Beyond AI: How HKICC 2026 Develops Judgement, Resilience and Global Leadership

[The content of this article has been produced by our advertising partner.] AI can generate an answer in seconds. Knowing which answer to trust—and how to act on it—still requires human judgement. The HKUST International Case Competition (HKICC) 2026 put that distinction to the test, bringing together twelve elite undergraduate teams from leading business schools around the world to navigate ambiguity, defend complex decisions and work across cultures under pressure. The University of British...

Hong Kong must ease listing rules to attract more angel funds and start-ups: HKEIA

Oct 12, 2026

Hong Kong must ease listing rules to attract more angel funds and start-ups: HKEIA

Hong Kong would need to ease its listing rules and transaction requirements to attract more angel funds and become a hub for start-ups to go global, according to a leading industry body in the city. The city has only around 100 active angel funds – private investment vehicles targeting very early-stage innovative enterprises. This was far fewer than Shenzhen, which had about 400 such institutions, according to Samson Tam Wai-ho, honorary chairman of the Hong Kong Electronic Industries...

Laopu Gold deepens Hong Kong footprint with entire-floor lease at Central tower: sources

Oct 11, 2026

Laopu Gold deepens Hong Kong footprint with entire-floor lease at Central tower: sources

Beijing-based jeweller Laopu Gold has leased an entire mid-floor at One Exchange Square in Central to support its global expansion, according to two sources familiar with the matter. The brand was taking around 13,000 square feet at the flagship Central tower, which houses Hong Kong Exchanges and Clearing (HKEX), one source said. The deal comes as mainland consumer firms and financial institutions increasingly anchor their presence in Hong Kong’s core business district. Recent transactions on...

Turning AI Ambition into Real-World Advantage

Oct 11, 2026

Turning AI Ambition into Real-World Advantage

When executives talk about artificial intelligence today, they often talk in absolutes: an existential threat, a historic opportunity, the next great productivity leap. For Amitabh Sarkar, Tata Communications’ Vice-President, Asia Pacific and Japan, the more important story lies beneath the rhetoric and inside the data centres, networks and operating models trying to empower corporate ambition to meet their targets. “In the last 20 to 30 years, technology has moved from supporting the business,...

Bank of Thailand Warns Repeated Shocks Are Weakening Thailand’s Economic Resilience

Oct 11, 2026

Bank of Thailand Warns Repeated Shocks Are Weakening Thailand’s Economic Resilience

Thailand's central bank warns that recurring economic shocks have left households and small businesses financially fragile, raising fears that current flooding could cause lasting damage. With losses estimated up to 33.8 billion baht, disruption spans transport, manufacturing, and tourism, prompting the Bank of Thailand to urge lenders to offer payment relief and support vulnerable borrowers.

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