GCash parent Mynt closes at IPO price on market debut, raises P60.9 billion

GMA Network - Oct 20, 2026

Shares of GCash parent Mynt Inc. closed at its initial public offering (IPO) of P6.60 apiece during its market debut on Tuesday.

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EXPLAINER: What is an IPO?

Oct 20, 2026

EXPLAINER: What is an IPO?

Fintech giant Mynt Inc., the parent company of GCash, began trading on the Philippine Stock Exchange (PSE) on Tuesday following its historic initial public offering (IPO).

Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns

Oct 20, 2026

Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns

Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...

Chinese carmakers gear up European production to sidestep tariffs, import quota

Oct 20, 2026

Chinese carmakers gear up European production to sidestep tariffs, import quota

Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

Oct 20, 2026

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

The Philippine government, through the Department of Finance (DOF), has secured ¥236.64-billion or roughly P94-billion loan from the Asian Development Bank (ADB) as financing support in efforts to cushion the impact of the Middle East crisis on commuters, vulnerable sectors, and overseas Filipino workers (OFWs).

COREPLUS urges Cebu businesses to strengthen own energy systems

Oct 20, 2026

COREPLUS urges Cebu businesses to strengthen own energy systems

COREPLUS, the energy engineering and technical services are of Vivant Energy"s COREnergy, has called on businesses in Cebu to strengthen energy systems within their own operations amid power supply volatility in the Visayas grid.

China’s tax authority issues final call for wealthy citizens to declare offshore trust gains

Oct 20, 2026

China’s tax authority issues final call for wealthy citizens to declare offshore trust gains

China’s tax authorities have issued a final call for high-net-worth individuals to disclose their overseas trust gains, a move analysts believe will further raise concerns in Hong Kong and other overseas tax havens used by wealthy Chinese. “We remind relevant taxpayers to promptly review their offshore trust arrangements,” the State Taxation Administration said on its website on Monday, three days ahead of the 90-day grace period set to expire on October 22. “To avoid late payment penalties and...

GCash sees lending as driver for future growth

Oct 20, 2026

GCash sees lending as driver for future growth

Mobile wallet GCash is expecting its lending and wealth management businesses driving its revenues in the next five years as it aims to bridge the financial inclusion gap in the country.

Gasoline, kerosene prices down, diesel up

Oct 20, 2026

Gasoline, kerosene prices down, diesel up

After two straight weeks of increases, prices of gasoline will be cut back by at least P4.30 per liter and kerosene by P1 per liter, on Tuesday. Diesel prices, however, will go up by P2.60 per liter. “These adjustments reflect movements in the global oil market amid ongoing developments in the Middle East that are

World Bank Group Launches First Digital Strategy to Close Global Digital Divide

Oct 20, 2026

World Bank Group Launches First Digital Strategy to Close Global Digital Divide

The World Bank Group has launched its first digital strategy, aiming to help developing countries expand affordable digital access, improve services, and create jobs.

DOLE: Heat index of 40C may be used as reason not to go to work

Oct 20, 2026

DOLE: Heat index of 40C may be used as reason not to go to work

Employees may use high heat index levels as a reason to not go to work amid the potentially record-breaking El Niño, the Department of Labor and Employment (DOLE) said on Tuesday.

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Oct 20, 2026

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Oct 20, 2026

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

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