Hong Kong watchdog freezes US$590m of assets over alleged IPO fraud schemes

South China Morning Post - Oct 13, 2026

Hong Kong’s securities watchdog has moved against two syndicates suspected of being involved in three alleged initial public offering fraud schemes involving assets worth HK$4.6 billion (US$590 million), according to a statement released on Tuesday. The Securities and Futures Commission (SFC) also announced on the same day that it had suspended 65 listing applications in the first nine months of this year due to the poor quality of their listing sponsors’ work, in what analysts viewed as an...

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DOLE releases pay rules for Undas, Bonifacio Day 2026

Oct 13, 2026

DOLE releases pay rules for Undas, Bonifacio Day 2026

The Department of Labor and Employment (DOLE) on Tuesday reminded employers to properly compensate their workers during the two non-working days and one regular holiday in November 2026.

BIR mandates 2% withholding tax remittance on electricity spot market sales

Oct 13, 2026

BIR mandates 2% withholding tax remittance on electricity spot market sales

The Bureau of Internal Revenue (BIR) has ordered the Independent Electricity Market Operator of the Philippines (IEMOP) to withhold, account for, and remit taxes for electricity transactions in the wholesale electricity spot market (WESM) to ensure that they are properly recorded.

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation

Oct 13, 2026

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation

Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...

Meralco rates up in October

Oct 13, 2026

Meralco rates up in October

Households should brace for a higher electricity bill this month, as Manila Electric Co. (Meralco) on Tuesday announced a rate increase for October, driven by higher generation charges which offset lower transmission costs and taxes.

Gas, kerosene prices up, diesel down

Oct 13, 2026

Gas, kerosene prices up, diesel down

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DA ramps up ube production in Cagayan Valley

Oct 13, 2026

DA ramps up ube production in Cagayan Valley

The Department of Agriculture (DA) is working with the Municipality of Echague, Isabela as well as local farmers to expand the country"s ube production to meet the growing international demand for the root crop.

King Fook expands with US$34 million Admiralty lease despite slow luxury sales: analysts

Oct 13, 2026

King Fook expands with US$34 million Admiralty lease despite slow luxury sales: analysts

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SSS orders 5 Pasay employers to settle P3.19M dues or face charges

Oct 13, 2026

SSS orders 5 Pasay employers to settle P3.19M dues or face charges

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China to tighten leash on futures quant trading to contain risks amid stock slump

Oct 13, 2026

China to tighten leash on futures quant trading to contain risks amid stock slump

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House helpers in CALABARZON to get P750 minimum wage increase on Oct. 26

Oct 13, 2026

House helpers in CALABARZON to get P750 minimum wage increase on Oct. 26

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Condo supply, costs, borrowings constrain PH property market -- S&P

Oct 13, 2026

Condo supply, costs, borrowings constrain PH property market -- S&P

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