DOTr approves LTFRB fare hike recommendation for PUVs

GMA Network - Sep 25, 2026

Acting Transportation Secretary Giovanni Lopez has approved the recommendation of the Land Transportation Franchising and Regulatory Board for the implementation of fare hikes for public utility vehicles that were approved in March.

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PAL to launch nonstop Manila-Delhi, Manila-Mumbai flights in December 2026

Sep 25, 2026

PAL to launch nonstop Manila-Delhi, Manila-Mumbai flights in December 2026

PAL said the plan is still “subject to Indian Government approval.”

Mooncakes for the dog? How China is reinventing its iconic festive snack

Sep 25, 2026

Mooncakes for the dog? How China is reinventing its iconic festive snack

Mooncakes, a sweet staple for China’s annual Mid-Autumn Festival, are not just for people any more. Humans are pulling back, but dogs are digging in. So are cats. Pet mooncakes are popping up across China, from major retailers such as Sam’s Club to online stores and small bakeries. And many are quickly selling out. In the southwestern metropolis of Chengdu, a pack of pet mooncakes selling online for about 50 yuan (US$8) has racked up thousands of sales, news outlet thecover.cn reported. In the...

HSBC, Hang Seng to unify staff benefits across Hong Kong from January: internal memos

Sep 25, 2026

HSBC, Hang Seng to unify staff benefits across Hong Kong from January: internal memos

HSBC and its main Hong Kong subsidiary, Hang Seng Bank, are set to harmonise their frameworks for employee benefits across the Asian financial hub from January 1, according to internal memos seen by the South China Morning Post. The move aims to simplify benefit administration across both lenders, establish a common standard and facilitate internal career mobility within the city, the memos showed on Thursday. In an email to staff, HSBC Hong Kong CEO Maggie Ng said most existing benefits would...

Morgan Stanley deal leak triggers rival poaching, security warnings for Hong Kong banks

Sep 25, 2026

Morgan Stanley deal leak triggers rival poaching, security warnings for Hong Kong banks

After Morgan Stanley’s leak of internal deal information in a client email, rival investment banks in Hong Kong are aggressively moving to poach clients dissatisfied with the breach, according to several people familiar with the matter. Competitors are actively approaching companies named in the leaked document to pitch for their business, two rival bankers said, asking not to be identified due to the sensitivity of the issue. An accidental disclosure of confidential information by a Morgan...

Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading

Sep 25, 2026

Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading

At least a dozen Chinese banks intend to wind down retail leveraged precious-metals trading – a practice in which everyday investors post margin deposits to speculate on gold and silver contracts without owning the physical metal. The retreat comes amid sharp swings in international gold prices. Sources at two banks, including the Industrial and Commercial Bank of China – the world’s largest lender by assets – said that this round of withdrawals was mandated by the Shanghai Gold Exchange,...

Tokenised Deposits vs Stablecoins: Why Thailand’s Cautious Path Differs from Hong Kong and Singapore

Sep 25, 2026

Tokenised Deposits vs Stablecoins: Why Thailand’s Cautious Path Differs from Hong Kong and Singapore

Hong Kong and Singapore are advancing tokenised deposits into live commercial use, with major banks including HSBC and Standard Chartered already serving institutional clients on blockchain-based treasury platforms.

Diesel seen to roll back by P7.50/L, gasoline by P1/L next week

Sep 25, 2026

Diesel seen to roll back by P7.50/L, gasoline by P1/L next week

Motorists should expect a sigh of relief in the coming week as pump prices are expected to roll back big-time.

Hong Kong catching up with Dubai in ‘super-prime’ property sales amid Iran war

Sep 25, 2026

Hong Kong catching up with Dubai in ‘super-prime’ property sales amid Iran war

Hong Kong has significantly narrowed Dubai’s lead as the world’s top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank. Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter. Hong Kong,...

China’s EV and battery makers tussle over paying resumed lithium-ion tax: sources

Sep 25, 2026

China’s EV and battery makers tussle over paying resumed lithium-ion tax: sources

China’s electric vehicle (EV) makers and battery manufacturers are locked in negotiations over which party should pay a resumed consumption tax, according to industry sources, a conflict that underlines carmakers’ struggles amid weak home market demand. Beijing is ending an 11-year exemption on a 4 per cent consumption tax on lithium-ion batteries and related products. It returned to 2 per cent on September 1 and will be fully restored one year later. The country’s battery makers planned to pass...

Unleashing Urban Productivity: How Thai Cities Can Drive High-Income Growth

Sep 25, 2026

Unleashing Urban Productivity: How Thai Cities Can Drive High-Income Growth

The World Bank report Thailand Cities of the Future highlights that unleashing urban productivity is essential for Thailand to achieve high-income status by 2037.

Blue Bottle bets that Chinese consumers will drink more premium coffee

Sep 24, 2026

Blue Bottle bets that Chinese consumers will drink more premium coffee

US premium coffee brand Blue Bottle Coffee will open its first Beijing store in the capital’s central business district, as it seeks to tap into China’s still growing market for the drink. The California-based brand is taking a spacious unit at China World Mall. The location, currently enclosed by construction hoarding, was previously occupied by Japanese jeweller Tasaki. The brand has yet to reveal an official opening date, though industry sources said the shop was expected to open by the end...

The Live Conversation: family wealth enters new era

Sep 24, 2026

The Live Conversation: family wealth enters new era

Hong Kong’s ambitions as a leading Asian hub for family wealth, succession planning and cross-border capital allocation took centre stage at SCMP’s “Redefining Hong Kong: Next Generation Wealth 2026” conference held on September 21 at the JW Marriott Hotel Hong Kong.  Regulators, family principals, advisers and next-generation leaders gathered to examine how inherited capital can be transformed into enduring enterprise. Held at a time when Asia is preparing for one of the largest...

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