Hong Kong banks face growing pile of repossessed homes as sales slow

South China Morning Post - Oct 30, 2026

Hong Kong banks are facing a growing backlog of repossessed homes as aggressive pricing by developers draws buyers towards new projects, leaving fewer buyers for second-hand properties being sold by mortgagees. The number of residential properties listed for sale by mortgagees rose 30 per cent in the third quarter to sit at 262 at the end of September, a four-quarter high, according to Centaline Property. The increase of 61 properties was the largest since records began in the fourth quarter of...

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Sy pitches P700-B plan to reduce PH power costs

Oct 30, 2026

Sy pitches P700-B plan to reduce PH power costs

MANILA, Philippines — Tycoon Henry Sy Jr. has pitched a P700-billion intervention to help ease the country’s high electricity cost over the long term: allow energy superhighway National Grid Corporation of the Philippines to invest in a nationwide chain of battery energy storage system (BESS) to stabilize supply. In a rare media chat, Sy, who chairs

Canadian investor sizes up more RE projects

Oct 30, 2026

Canadian investor sizes up more RE projects

MANILA, Philippines — One of Canada’s largest investment firms is keen to expand its Philippine footprint, particularly in renewable energy, where it already has a presence, as well as in a business process outsourcing (BPO) company operating in the country. According to Finance Secretary Frederick Go, also the country’s investment czar, Brookfield Corporation has expressed

ERC eyes over P10/kWh price for gas auction

Oct 30, 2026

ERC eyes over P10/kWh price for gas auction

MARINA BAY, Singapore — The Energy Regulatory Commission (ERC) may propose an auction price above P10 per kilowatt-hour (kWh) for the country’s first mid-merit natural gas capacity bidding. ERC chair and CEO Francis Saturnino Juan said the commission aims to propose this price in November, subject to public consultation. The auction price will serve as the

PH banks’ bad loans ratio eases to 9-mo low

Oct 30, 2026

PH banks’ bad loans ratio eases to 9-mo low

MANILA, Philippines — The share of bad loans on Philippine banks’ books declined to a nine-month low in September, as both lenders and borrowers stayed resilient amid a difficult economic landscape Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed nonperforming loans (NPLs), or debts that remain unpaid 90 days past the due date and

Tollways merger still on for 2026

Oct 30, 2026

Tollways merger still on for 2026

MANILA, Philippines — The mammoth merger between the country’s two largest toll operators may still push through this year despite only two months remaining, as the two groups are already crunching the numbers before sealing a deal. This is according to Manuel V. Pangilinan, who leads Metro Pacific Tollways Corp. (MPTC), whose toll road assets

Planning a meaningful memorial

Oct 30, 2026

Planning a meaningful memorial

MANILA, Philippines — As families prepare to remember loved ones during All Saints’ and All Souls’ Day, conversations about death can feel especially close to home. For Riva “River” Galveztan, however, preparing for death is not simply about what happens at the end. It is also about learning to live more intentionally and easing the

Jollibee eyes 1,500 areas for expansion

Oct 30, 2026

Jollibee eyes 1,500 areas for expansion

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Survey Reveals Rising Popularity of Digital Reading in Thailand

Oct 30, 2026

Survey Reveals Rising Popularity of Digital Reading in Thailand

Thailand’s e-reader market is growing, with 66% of people preferring digital reading. Despite reading for an average of 64 minutes daily, social media and streaming compete for attention. Key Points A growing preference for digital reading is creating new opportunities in Thailand’s e-reader market, with 66 percent of respondents in a national survey reporting that […]

Thailand Plans New Transparency Rules for Digital-Platform Fees

Oct 30, 2026

Thailand Plans New Transparency Rules for Digital-Platform Fees

Thailand’s competition regulator is preparing new rules requiring major digital platforms to explain how they set and change commissions and service charges, responding to complaints from restaurants, small businesses and delivery riders.

Peso continues rally, opens at P63.67:$1 on Friday

Oct 30, 2026

Peso continues rally, opens at P63.67:$1 on Friday

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Up to P3/liter gasoline hike, P0.60 diesel rollback seen next week

Oct 30, 2026

Up to P3/liter gasoline hike, P0.60 diesel rollback seen next week

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Traders await Hong Kong’s marquee financial summit: a good omen for stocks?

Oct 30, 2026

Traders await Hong Kong’s marquee financial summit: a good omen for stocks?

Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city’s stock market while underscoring its standing as a global financial hub. The annual Global Financial Leaders’ Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on...

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