ERC adopts new billing format to exclude VAT on allowable system loss charges

GMA Network - Sep 29, 2026

The Energy Regulatory Commission (ERC) on Tuesday said it has adopted a new billing format for all distribution utilities (DUs) to reflect the removal of the 12% value-added tax (VAT) on the allowable system loss charges imposed by power utilities on their customers.

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Domestic workers in Central Visayas to get P500 monthly minimum wage increase

Sep 29, 2026

Domestic workers in Central Visayas to get P500 monthly minimum wage increase

Domestic workers will receive a P500 increase in their monthly minimum wage under a new wage order in Central Visayas, the Department of Labor and Employment (DOLE) said Tuesday.

‘180-degree flip’ sees global investors turn to China for diversification: Pimco president

Sep 29, 2026

‘180-degree flip’ sees global investors turn to China for diversification: Pimco president

Global investors are turning to China again in search of alternatives to crowded US asset markets, with Pimco seeing Chinese bonds as one of the safest ways to diversify portfolios after sentiment towards the world’s second-largest economy “flipped 180 degrees”. The US-based asset manager, which oversaw more than US$2 trillion in assets by the end of June, had been pointing its clients, particularly those outside the United States, towards Chinese offshore bonds, according to its president,...

DOE pushes competitive framework for nuclear power procurement

Sep 29, 2026

DOE pushes competitive framework for nuclear power procurement

As the Philippines moves to include nuclear power in its energy mix, the Department of Energy (DOE) is pushing for a competitive procurement framework focused on strict grid readiness, staged delivery schedules, and rigorous pricing parameters.

Hong Kong’s IPO revival faces test as 3 new stocks stumble on debut

Sep 29, 2026

Hong Kong’s IPO revival faces test as 3 new stocks stumble on debut

Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares closed 4.9 per cent lower at HK$414.4 (US$52.82) after dropping as much as 9.8 per...

Why is JPMorgan expanding in China? CEO Dimon sees another decade of sharp growth

Sep 29, 2026

Why is JPMorgan expanding in China? CEO Dimon sees another decade of sharp growth

JPMorgan Chase, the world’s top bank by market capitalisation, plans to expand hiring and technology investment across mainland China and Hong Kong and is looking to take advantage of the city’s strengthening capital markets as well as its platform for serving companies operating in and out of the Chinese market, according to senior executives. CEO Jamie Dimon said the banking giant’s China-related business, measured by factors including client volume, has grown sharply over the past decade –...

Chinese brokerages get in line with Beijing’s crackdown on overseas stock trading

Sep 29, 2026

Chinese brokerages get in line with Beijing’s crackdown on overseas stock trading

Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu Securities International. Orient Securities’ mainland-based clients that have trading accounts in its Hong Kong unit will be banned from buying stocks and transferring in funds starting on Wednesday, according to a notice to customers seen by the South China Morning Post. Guotai Junan...

AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies

Sep 29, 2026

AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies

US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University professor...

Meralco begins search for suppliers of 900-MW power requirement

Sep 29, 2026

Meralco begins search for suppliers of 900-MW power requirement

The Manila Electric Company (Meralco) on Tuesday announced that it has started the bidding or competitive selection process (CSP) for suppliers of its 900-megawatt (MW) baseload power requirement.

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

Sep 29, 2026

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

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.

Future-ready: how Asia’s wealthiest should plan for the age of longevity

Sep 29, 2026

Future-ready: how Asia’s wealthiest should plan for the age of longevity

[The content of this article has been produced by our advertising partner.] Going by the figures alone, there is no escaping just how important investment in future planning has become for Asia’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) families, with industry watchers predicting they will drive an estimated US$5.8 trillion in asset transfers in the region by 2030. But behind these figures lie some lingering questions, chief among them being how much investment can be considered...

Shein drops 14% to record low after profit misses in first results since Hong Kong IPO

Sep 29, 2026

Shein drops 14% to record low after profit misses in first results since Hong Kong IPO

Shares of Shein Global Holdings fell as much as 14 per cent to a record low in Hong Kong on Tuesday after the online fashion retailer posted a 67 per cent drop in second-quarter profit in its first earnings report since listing, warning that tariff headwinds and logistics cost volatility would persist for the rest of the year. The stock sank to as low as HK$30.24 during the day and closed 10.7 per cent down at HK$31.50. Both the intraday and closing prices hit their lowest levels since the...

NTC: Fine vs telcos for poor internet service not limited to NCR

Sep 29, 2026

NTC: Fine vs telcos for poor internet service not limited to NCR

The National Telecommunications Commission (NTC) on Tuesday said the show cause orders and the P100,000 daily fine against DITO Telecommunity Corporation (DITO), Globe Telecom Inc. (Globe), and Smart Communications Inc. (Smart), are not limited to observed poor mobile broadband services in the National Capital Region (NCR).

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