Hong Kong holds base rate at 4.25% after US Federal Reserve decision

South China Morning Post - Oct 28, 2026

The Hong Kong Monetary Authority (HKMA) announced on Thursday that it would keep its base rate unchanged at 4.25 per cent, hours after the US Federal Reserve also decided to hold its benchmark rate steady. The city’s de facto central bank often mirrors steps taken by the US Fed as the Hong Kong’s currency is pegged to the US dollar. In September, it followed the Fed in raising its key interest rate by a quarter of a percentage point – the first such increase since 2023. The US Federal Open...

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COA: Customs bureau yet to list over 1,900 items in its custody for auction, disposal

Oct 28, 2026

COA: Customs bureau yet to list over 1,900 items in its custody for auction, disposal

Over 1,900 cargoes and goods seized by the Bureau of Customs (BOC) or abandoned by supposed recipients, including P1.2 billion worth of confiscated vehicles, have not been entered into the records of the BOC"s Auction and Cargo Disposal Management Division, the Commission on Audit (COA) said.

Marco Polo Residences in Cebu: Where investment value meets elevated hotel-style living

Oct 28, 2026

Marco Polo Residences in Cebu: Where investment value meets elevated hotel-style living

For over a decade, Federal Land’s Marco Polo Residences in Cebu has offered a tranquil living environment for residents seeking elevated city living. Located atop Nivel Hills, it is Cebu’s first branded residence, offering panoramic views of the city skyline and coastline. Its location directly beside Marco Polo Plaza Cebu also gives residents convenient access

MVP sees tougher times for Philippine economy but says investments to continue

Oct 28, 2026

MVP sees tougher times for Philippine economy but says investments to continue

Businessman Manny V. Pangilinan, chairman of MVP Group which has interests in telecommunications, infrastructure, and utilities, on Friday said it will get tougher for the Philippine economy but added that the conglomerate will proceed with its investments.

Cebu holds its residential ground

Oct 28, 2026

Cebu holds its residential ground

CEBU, Philippines — The Bangko Sentral ng Pilipinas (BSP) policy rate was raised to 5.5 percent on Oct. 22, the fourth hike this year. September inflation accelerated to 7.2 percent, and the Philippine Statistics Authority put second-quarter gross domestic product growth at 2.3 percent, the weakest since 2021. Central Visayas inflation, meanwhile, ran at 8.1 percent

Cebu gears up for growth comeback, sets sights on expansion

Oct 28, 2026

Cebu gears up for growth comeback, sets sights on expansion

CEBU, Philippines — Pamela “Pam” Baricuatro and Nestor Archival pulled off upset victories against their more politically entrenched and moneyed rivals during the 2025 elections mainly due to Cebuanos’ ardent desire for change. Cebuanos wanted a fresh perspective and a chance to alter the narrative of their home city and province by having new leaders

New campaign puts Cebu at the heart of Visayas tourism

Oct 28, 2026

New campaign puts Cebu at the heart of Visayas tourism

Cebu has a little bit of everything any tourist could ask for: breathtaking beaches, mountain trails, majestic waterfalls, historic landmarks and a distinctive culinary tradition. You name it. The province packs a remarkable range of experiences into one trip. It is, after all, the “Gateway to a Thousand Journeys.” Now, Cebu wants to make that

Business leaders chart path to Cebu’s next economic push

Oct 28, 2026

Business leaders chart path to Cebu’s next economic push

CEBU, Philippines — Cebu needs to chart a new course for economic growth, and one that moves beyond its traditional strengths to build a more competitive, resilient and investment-ready economy. With growth slowing and businesses grappling with rising operating costs, the Cebu Chamber of Commerce and Industry (CCCI) is pushing for closer collaboration between the

Metrobank marks six years as Philippines’ Strongest Bank

Oct 28, 2026

Metrobank marks six years as Philippines’ Strongest Bank

Metropolitan Bank & Trust Co. (Metrobank) has retained its position as the Philippines’ Strongest Bank for the sixth year in a row, with The Asian Banker (TAB) recognizing the Bank’s performance across key measures of financial strength, asset quality, liquidity, and risk management. “Our strength comes from the trust our customers place in us and

Modernizing a Cebu landmark while preserving its soul

Oct 28, 2026

Modernizing a Cebu landmark while preserving its soul

CEBU, Philippines — For generations, Carbon Market in Cebu City has been more than a place of trade. It has been a living landmark where livelihoods are built, traditions are passed from one generation to the next and countless stories of Cebu unfold every day. Today, that legacy enters a new chapter with the rise of

Discover Cebu City in 48 hours

Oct 28, 2026

Discover Cebu City in 48 hours

CEBU, Philippines — In just 48 hours, you can journey through the past and present of the Queen City of the South, from centuries-old churches and historic streets to bustling markets and hilltop views. A day exploring Cebu City can begin among the historic landmarks of the downtown district, continue through the food stalls and trading aisles

Why Hong Kong rents are hitting records while home price gains lose momentum

Oct 28, 2026

Why Hong Kong rents are hitting records while home price gains lose momentum

Hong Kong’s lived-in home prices fell 0.8 per cent in the third quarter, their first quarterly decline after five quarters of gains, as a September rebound failed to fully offset a summer slowdown in the residential market. Prices rose 0.19 per cent in September from August, marking a second consecutive monthly increase, according to data released by the Rating and Valuation Department on Wednesday. The index reached 320.8, but remained 19.4 per cent below its September 2021 peak. Prices were...

Tracing the past, exploring the wild side of Southern Cebu

Oct 28, 2026

Tracing the past, exploring the wild side of Southern Cebu

CEBU, Philippines — From Carcar’s ancestral streets and Argao’s traditional delicacies to the turquoise waters of Kawasan Falls and Moalboal, Southern Cebu tells its story through old towns, local flavors and landscapes shaped by the sea. Southern Cebu is a journey through different layers of the province’s identity. Old churches and ancestral houses recall centuries of

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