China’s BYD, Geely report profit jump as sales abroad surge, though local market stalls

South China Morning Post - Oct 29, 2026

China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia. BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the same period a year earlier. Revenue grew 13.6 per cent to 211.5 billion yuan. Geely said on Thursday...

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Peso rebounds to P63.85:$1 after two days above 64 level

Oct 29, 2026

Peso rebounds to P63.85:$1 after two days above 64 level

The Philippine peso strengthened against the US dollar on Thursday, returning to the P63-per-dollar level after President Ferdinand “Bongbong” Marcos Jr. said the government was working to prevent the local currency from weakening further.

CK Asset pauses Hong Kong sales launch at Yuen Long’s Montage development

Oct 29, 2026

CK Asset pauses Hong Kong sales launch at Yuen Long’s Montage development

CK Asset Holdings has suspended sales at its Yuen Long residential project Montage, days before it planned to begin marketing the development’s first homes. The developer confirmed the suspension to the South China Morning Post but declined to explain the abrupt decision, saying only that it reserved the right to pause or commence sales at any time. It dismissed market speculation that the government had revoked the project’s presale consent as baseless. The move followed Moni Yeung, deputy...

Philippine delegation secures $17.5 million in export sales at Hong Kong trade show

Oct 29, 2026

Philippine delegation secures $17.5 million in export sales at Hong Kong trade show

The Philippine delegation secured $17.5 million in total export sales at Asia Fruit Logistica (AFL) 2026 in Hong Kong in September, the Department of Agriculture (DA) said.

Hong Kong poised for capital inflow amid unrest in France, Middle East war: AllianzGI

Oct 29, 2026

Hong Kong poised for capital inflow amid unrest in France, Middle East war: AllianzGI

Recent unrest in France and the Middle East war could prompt investors to seek greater diversification, potentially driving capital inflows to Asian markets in the coming months – including mainland China and Hong Kong – according to a senior executive of Allianz Global Investors (AllianzGI), one of Europe’s largest fund houses. Julie Koo, head of distribution in Asia-Pacific for the company, said the recent protests in France, Italy and Spain would lead investors to review and adjust their...

PAGCOR revenues down 23.41% in Jan.-Sept. 2026

Oct 29, 2026

PAGCOR revenues down 23.41% in Jan.-Sept. 2026

The Philippine Amusement and Gaming Corporation (PAGCOR) saw a double-digit decline in its revenues in the first nine months of 2026.

MVP sees MPTC-SMC tollway merger deal sealed by end of 2026

Oct 29, 2026

MVP sees MPTC-SMC tollway merger deal sealed by end of 2026

The deal for the planned merger of tollways giants led by tycoons Manuel V. Pangilinan and Ramons S. Ang is expected to be signed by the end of the year.

Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

Oct 29, 2026

Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

The tightening of Hong Kong’s securities regulations – in the wake of property developer Evergrande’s liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a report by accountants Grant Thornton. Hong Kong saw 35 delistings in the 12 months to August this year but only 21 resumptions, the report said. “Regulators have comprehensively tightened resumption requirements,” said Barry Tong, national leader of forensic...

PSE nears full PDS Group takeover

Oct 29, 2026

PSE nears full PDS Group takeover

MANILA, Philippines — The Philippine Stock Exchange, Inc. (PSE) is nearing full ownership of Philippine Dealing System Holdings Corp. (PDS Group) after signing a deal to acquire another block that would raise its holdings to about 97.63 percent. In a disclosure on Wednesday, PSE said it had signed a share purchase agreement for 192,776 common shares

Mandaluyong court junks Piki contempt case vs Lopez majority

Oct 29, 2026

Mandaluyong court junks Piki contempt case vs Lopez majority

MANILA, Philippines — The Mandaluyong Regional Trial Court dismissed a petition to hold in indirect contempt several members of the Lopez majority bloc over alleged violations of a temporary restraining order in relation to the controversial family feud. In a regulatory filing on Wednesday, Lopez Holdings Corp. said a copy of the court ruling dated Oct.

Ayala sets P19.5-billion share repurchase

Oct 29, 2026

Ayala sets P19.5-billion share repurchase

MANILA, Philippines — Ayala Corp. is ready to cough up about P19.5 billion to buy back shares from public investors, as it moves closer to an expanded tie-up with Japan’s Mitsubishi Corp. The homegrown conglomerate on Wednesday said it plans to launch a voluntary tender offer to purchase 30.06 million common shares from all holders. READ:

Meralco core profit jumped 12% to P45B

Oct 29, 2026

Meralco core profit jumped 12% to P45B

MANILA, Philippines — Manila Electric Co. (Meralco), led by tycoon Manuel V. Pangilinan, saw a 12-percent growth in its bottom line in the first three quarters of 2026, thanks largely to greater contribution from its power generation and retail electricity business. At a briefing on Wednesday, Meralco chief financial officer Betty Siy-Yap said the company’s core

Peso opens strong, claws back to P63:$1

Oct 29, 2026

Peso opens strong, claws back to P63:$1

The Philippine peso gained its ground against the US dollar, clawing its way back to P63-to-one dollar level during the opening of trading on Thursday.

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