Former CSRC chairman Yi Huiman formally prosecuted for taking ‘especially large’ bribes

South China Morning Post - Sep 30, 2026

Yi Huiman, the former chairman of China’s securities regulator, has been formally prosecuted for allegedly accepting “especially large” bribes, as Beijing presses ahead with a sweeping anti-corruption campaign in the financial sector. Prosecutors in the eastern city of Qingdao recently filed a case against Yi with the Qingdao Intermediate People’s Court after an investigation by the National Commission of Supervision, state-owned Xinhua News Agency said on Wednesday. Yi allegedly used his...

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NTC eyes regulating sale of used mobile phones, gadgets

Sep 30, 2026

NTC eyes regulating sale of used mobile phones, gadgets

The National Telecommunications Commission (NTC) is eyeing to issue rules and regulations governing the sale of used mobile phones, tablets, and other gadgets.

Inflation could pick up to as high as 7.4% in September -- BSP

Sep 30, 2026

Inflation could pick up to as high as 7.4% in September -- BSP

Inflation could accelerate to as high as 7.4% this month, mainly due to weather disturbances affecting agricultural prices, higher pump prices and the depreciation of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.

GCash services down

Sep 30, 2026

GCash services down

GCash, the e-wallet platform operated by G-Xchange Inc. (GXI) and used by more than 90 million users, is currently unavailable as of Wednesday morning.

DOLE releases 2027 holiday pay rules

Sep 30, 2026

DOLE releases 2027 holiday pay rules

The Department of Labor and Employment (DOLE) released Wednesday the pay rules for regular holidays and special (non-working) days for 2027.

Looming interest rate rises will not hit Hong Kong as hard as 2022: analysts

Sep 30, 2026

Looming interest rate rises will not hit Hong Kong as hard as 2022: analysts

Hong Kong looks set to be hit by a wave of interest rate rises in the coming months, but the city’s property market is unlikely to suffer the same level of damage as during the last rate cycle in 2022-2023, according to analysts. Though major Hong Kong banks have so far held rates steady despite the US Federal Reserve raising its benchmark rate earlier this month, they are widely expected to increase them if the Fed follows through with further tightening later this year. The combination of...

Expanded GCash services for underserved, unbanked Filipinos seen with Mynt IPO

Sep 30, 2026

Expanded GCash services for underserved, unbanked Filipinos seen with Mynt IPO

Additional resources to expand digital financial services for underserved and unbanked Filipinos are expected from the initial public offering of Mynt, the parent company of GCash.

Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities

Sep 30, 2026

Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities

Governor of the Bank of Thailand and financial service providers developed a framework to prevent financial sector exploitation for illegal activities, promoting stability, security, and protection for legitimate users. Mr. Vitai Ratanakorn, Governor of the Bank of Thailand (BOT), stated that the BOT, together with financial service providers under its supervision, jointly developed the “Framework […]

Hong Kong’s executives are ‘ill prepared’ for AI era, report finds

Sep 30, 2026

Hong Kong’s executives are ‘ill prepared’ for AI era, report finds

Executives at Hong Kong’s largest listed companies have a severe lack of technological expertise, with fewer than 1 per cent of directors possessing dedicated artificial intelligence or cybersecurity skills, according to a new report by Grant Thornton Hong Kong. The firm’s 15th annual Corporate Governance Review – which surveyed 100 major listed firms on Hong Kong’s Hang Seng Composite Index – found that 59 per cent of companies view cybersecurity or AI as principal business risks. Yet only 11...

Thailand to Tighten Oversight of App-Based Ride-Hailing Services

Sep 29, 2026

Thailand to Tighten Oversight of App-Based Ride-Hailing Services

Thailand's Ministry of Transport will intensify enforcement of ride-hailing regulations starting October 1, targeting eight platforms including Grab, Bolt, and LINE MAN

AI uptake sees wealth management headcounts in Hong Kong trail growth in assets

Sep 29, 2026

AI uptake sees wealth management headcounts in Hong Kong trail growth in assets

Hong Kong has seen strong growth in private wealth assets, but the industry has not yet seen the same scale of hiring, as private banks and wealth management companies have adopted technology including AI to serve customers, according to consulting firm Capco. “When assets under management by private banks are growing rapidly, the relationship managers are not increasing at the same rate as the use of technology and AI are enhancing the productivity of the team,” Simon Smallcombe, Capco’s...

The Vertex developer hit with HK$770,000 fine over disclosure failures

Sep 29, 2026

The Vertex developer hit with HK$770,000 fine over disclosure failures

The developer of The Vertex – a residential project in Cheung Sha Wan once owned by failed property giant China Evergrande Group – has been fined HK$770,000 (US$98,100) for failing to properly record transactions related to the complex. Twin City Holdings Limited was found to have violated a residential properties ordinance by failing to disclose details of payment terms – such as price discounts and other financial incentives – on sales at the development, according to a government statement...

Hong Kong firms lag mainland China on AI adoption amid legacy-system burden: Accenture

Sep 29, 2026

Hong Kong firms lag mainland China on AI adoption amid legacy-system burden: Accenture

Hong Kong businesses are lagging behind their mainland Chinese peers in adopting artificial intelligence, as entrenched legacy systems and a risk-averse corporate mindset slow the city’s digital transition, according to a senior executive at consultancy Accenture. Only 10 per cent of Hong Kong firms surveyed by Accenture had integrated generative AI across multiple business functions, compared with about 21 per cent of mainland enterprises, said Robert Hah, Hong Kong office lead at Accenture...

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