Hong Kong market faces fundraising test after fourth IPO pulled since midyear

South China Morning Post - Oct 27, 2026

Hong Kong’s fundraising market is now facing a severe test, as the last-minute halt of two initial public offerings (IPOs) within a week raises concerns over investor appetite amid market volatility and stricter regulation, analysts say. Robotics maker Changzhou Microintelligence decided to postpone its IPO due to “the consideration of several factors, including prevailing market conditions”, according to its Sunday announcement – echoing reasons cited in previous deals pulled from the...

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Vista Land hits 2025 cash flow goal amid focus on horizontal developments

Oct 27, 2026

Vista Land hits 2025 cash flow goal amid focus on horizontal developments

MANILA, Philippines — Villar-led Vista Land & Lifescapes Inc. reported earnings before interest, taxes, depreciation and amortization (Ebitda) of P24.2 billion in 2025, meeting its full-year target as it renewed its focus on horizontal housing. In a stock exchange filing on Monday, the property developer said consolidated revenues had reached P35.8 billion last year. READ:

Bank of Thailand Joins Singapore and Malaysia in Cross-Border Digital Money Initiative

Oct 27, 2026

Bank of Thailand Joins Singapore and Malaysia in Cross-Border Digital Money Initiative

The Bank of Thailand and Bank Negara Malaysia have joined Singapore’s BLOOM initiative for cross-border payments and settlement using tokenised deposits and regulated stablecoins.

China grants permits to VW joint venture and Xpeng as autonomous driving race intensifies

Oct 27, 2026

China grants permits to VW joint venture and Xpeng as autonomous driving race intensifies

China has granted new autonomous-driving permission to electric vehicle (EV) maker Xpeng and a mainland joint venture of Volkswagen, intensifying the commercialisation race between China’s autonomous driving firms and US company Tesla. Xpeng would now be allowed to conduct “demonstration operations” of its Yoyo driverless taxis in the capital city of southern China’s Guangdong province under a licence officially granted recently, the company said on social media on Monday. The licence, which...

How Shimao’s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts

Oct 26, 2026

How Shimao’s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts

The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans. Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver. The deal offers a glimpse into how mainland China’s developer debt crisis is reshaping Hong Kong’s restructuring industry,...

Thailand’s Queen Suthida Pilots Royal Boeing 737 Back From Japan Visit

Oct 26, 2026

Thailand’s Queen Suthida Pilots Royal Boeing 737 Back From Japan Visit

Thailand's Queen Suthida piloted a royal Boeing 737 back to Bangkok after an eight-day trip to Japan

European levy on non-EU parcels kicks in on Sunday in bid to curb China influx

Oct 26, 2026

European levy on non-EU parcels kicks in on Sunday in bid to curb China influx

The European Union will from Sunday slap a €2 (US$2.25) handling fee on packages from outside the 27-nation bloc in a bid to curb the influx from China. The new levy – coming just weeks before the Black Friday, Cyber Monday and Christmas season shopping rushes – will be on top of the EU’s €3 fee on small parcels. The fee will apply to each type of item in a package sent directly to consumers from outside the EU regardless of the parcel’s value. For example, if there are 10 T-shirts in a package,...

Thai Cabinet to Review 2027 Rail Fares and Rabbit Card Refund Plan

Oct 26, 2026

Thai Cabinet to Review 2027 Rail Fares and Rabbit Card Refund Plan

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Deadline for online posting of BIR Registration Seal Badge suspended

Oct 26, 2026

Deadline for online posting of BIR Registration Seal Badge suspended

MANILA, Philippines — The Oct. 31 compliance deadline for the mandatory online posting of the Bureau of Internal Revenue (BIR) Registration Seal Badge has been suspended until further notice. BIR Commissioner Charlito Martin R. Mendoza announced the suspension in a statement issued on Monday. READ: Deadline to display BIR registration seal badge extended to Oct.

BIR extends VAT, percentage tax filing deadline to Oct. 29

Oct 26, 2026

BIR extends VAT, percentage tax filing deadline to Oct. 29

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has extended the Oct. 26 deadline to Oct. 29 for the filing of tax returns and payment of corresponding taxes under BIR Form No. 2550Q — the Quarterly Value-Added Tax Return — and BIR Form No. 2551Q — Quarterly Percentage Tax Return), including the submission of required

BankCom opens P5-B bond offer

Oct 26, 2026

BankCom opens P5-B bond offer

MANILA, Philippines — San Miguel Corp. affiliate Bank of Commerce has launched a bond offer to raise at least P5 billion to support balance sheet management, diversify funding, and fund general corporate purposes. On Monday, BankCom disclosed to the local bourse that the dual-tranche offering carries an oversubscription option, allowing it to raise more than the

Gov’t enters make-or-break Q4 with P260B budget still unreleased

Oct 26, 2026

Gov’t enters make-or-break Q4 with P260B budget still unreleased

MANILA, Philippines — The Marcos administration’s pace of budget releases still lagged at the end of the third quarter, leaving more than P260 billion in allotments yet to be released as the government enters a make-or-break final quarter to accelerate spending and shore up the sluggish economy. Latest data from the Department of Budget and Management

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