DOE to require oil firms to submit monthly info on fuel costs

GMA Network - Sep 29, 2026

The Department of Energy (DOE) said Tuesday the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene would provide direct relief to Filipino households amid elevated global oil prices.

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Digital assets 'growth driver' for Globe as GCash IPO nears --analyst

Sep 29, 2026

Digital assets 'growth driver' for Globe as GCash IPO nears --analyst

Globe Telecom Inc."s digital assets, led by its stake in GCash parent Mynt Inc., are viewed as a key growth driver for the telecommunications company to expand beyond its traditional connectivity business, according to an independent financial analyst.

Plan to turn Hong Kong office block into flats rejected amid high commercial vacancy rates

Sep 29, 2026

Plan to turn Hong Kong office block into flats rejected amid high commercial vacancy rates

Hong Kong’s Town Planning Board has rejected an application from a consortium of developers to rezone a commercial project in Kowloon for development as residential flats, leaving sellers struggling with high vacancy rates, according to analysts. A consortium formed by CSI Properties, Asia Standard International, and Chongqing-born property tycoon Cheung Chung-kiu applied to the Town Planning Board to redevelop “Harbourside HQ” – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which...

Beyond Recovery: Hong Kong’s Next Economic Challenge

Sep 28, 2026

Beyond Recovery: Hong Kong’s Next Economic Challenge

Hong Kong's economy has moved past pandemic-era skepticism, achieving 3.6 percent growth in 2025 with continued momentum projected at 3.4 percent in 2026.

JPMorgan’s Jamie Dimon on how growth can untangle US-China strife, thorny global issues

Sep 28, 2026

JPMorgan’s Jamie Dimon on how growth can untangle US-China strife, thorny global issues

Jamie Dimon’s recent whirlwind visit to Hong Kong followed a similar script: a schedule packed with meetings involving the entrepreneurs and business leaders connecting China with global markets. But it was his increasingly visible stance on global issues that appeared to extend his career beyond market strategy and financial industry leadership as CEO of JPMorgan Chase. His preoccupation with economic growth and world affairs drew particular attention in Hong Kong last week, shortly before...

Thailand teams up with South Korean agencies to work on AI and protect copyrights

Sep 28, 2026

Thailand teams up with South Korean agencies to work on AI and protect copyrights

The Department of Intellectual Property (DIP) of Thailand met with South Korean agencies to enhance cooperation on AI, copyright enforcement, and rights management, aiming to support creators and the digital economy. Key Points The Department of Intellectual Property (DIP) held bilateral meetings in Seoul with four major South Korean copyright agencies, aiming to bolster cooperation […]

Oil spikes after Trump rejects Iran peace proposal

Sep 28, 2026

Oil spikes after Trump rejects Iran peace proposal

Wall Street's main indexes fell after Trump rejected an Iranian proposal to end the war, leading to a spike in crude prices that revived inflation worries and drove Treasury yields higher.

VW, Gotion ramp up battery production in Europe, Morocco amid rising EV demand

Sep 28, 2026

VW, Gotion ramp up battery production in Europe, Morocco amid rising EV demand

Volkswagen Group and its Chinese partner Gotion High-tech have stepped up a gear in tapping global demand for electric vehicle (EV) batteries with plans to invest a combined €3.22 billion (US$3.66 billion) to set up three production lines in Europe and North Africa. The factories, to be jointly owned by the German marque and China’s fourth-largest EV battery maker, would be capable of delivering 37.5 gigawatt hours (GWh) of lithium-ion battery capacity and 100,000 metric tons of cathode...

Fuel surcharge for domestic, international flights rises to Level 17 on October 1-15, 2026

Sep 28, 2026

Fuel surcharge for domestic, international flights rises to Level 17 on October 1-15, 2026

The fuel surcharge for the first half of October will rise to Level 17, three notches higher than the current Level 14, the Civil Aeronautics Board (CAB) said Monday.

China is no longer just the world’s factory. It’s the HQ

Sep 28, 2026

China is no longer just the world’s factory. It’s the HQ

The global electronics industry is entering a structural transition. For over two decades, China served as the dominant manufacturing centre, with an unmatched concentration of suppliers, skilled labour, infrastructure, logistics and engineering capabilities. That concentration is being diluted. But interpreting this as the decline of Chinese manufacturing would be a mistake. China is exporting parts of its manufacturing process while retaining the industrial capabilities that matter...

AIIB plans to double financing by 2030. Can it bridge Asia’s infrastructure gap?

Sep 28, 2026

AIIB plans to double financing by 2030. Can it bridge Asia’s infrastructure gap?

The Asian Infrastructure Investment Bank (AIIB) plans to double its annual financing to about US$20 billion by 2030 as the Beijing-headquartered multilateral lender enters its second decade, its president said on Monday. Announcing the target at the opening of the bank’s 11th annual meeting in Doha, Qatar, AIIB President Zou Jiayi said member economies had voiced a “remarkably consistent” need for greater project funding. “They need more infrastructure and more financing to build it,” Zou told...

Hong Kong office expansion lags hiring push as tenants optimise current space: Colliers

Sep 28, 2026

Hong Kong office expansion lags hiring push as tenants optimise current space: Colliers

More than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space...

Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom

Sep 28, 2026

Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom

Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic...

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