Nio is growing its Firefly business in Thailand with a new standalone store and an upgraded electric vehicle

Thailand Business News - Oct 29, 2026

Firefly has opened its first global standalone store in Bangkok, showcasing an upgraded right-hand-drive EV model and expanding its presence in Thailand's automotive market.

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PH financial resources reach all-time high

Oct 29, 2026

PH financial resources reach all-time high

MANILA, Philippines — The total funds and assets held by Philippine financial institutions climbed to a fresh record high in August, climbing back to the P38-trillion level as lenders continued to expand credit and attract deposits despite challenges confronting the economy. Excluding the funds and assets of the central bank, the total resources of the financial

Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks

Oct 29, 2026

Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks

Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels. Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners. Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong’s...

Delta Thailand Q3 Sales Surge 42.4% on AI Demand, Profit Misses Estimates

Oct 29, 2026

Delta Thailand Q3 Sales Surge 42.4% on AI Demand, Profit Misses Estimates

Delta Electronics (Thailand) reported a 42.4% Q3 2026 sales growth to THB 75,801 million, driven by AI demand, though net profit fell short of estimates, rising 4.3% to THB 7,757 million.

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

Oct 28, 2026

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

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...

Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit?

Oct 28, 2026

Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit?

In September, Chief Executive John Lee Ka-chiu unveiled the city’s first five-year plan along with his policy address, highlighting Hong Kong’s strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the third part of a four-part series on the globalisation of the yuan, Xinmei Shen explores how Hong Kong is testing the interoperability of the e-CNY and other digital assets in an effort to broaden the currency’s international appeal. In a US Senate...

BIR eyes expansion of abatement program for micro taxpayers

Oct 28, 2026

BIR eyes expansion of abatement program for micro taxpayers

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is now studying whether to expand its One-Time Abatement Program for Micro Taxpayers after noting a strong response to it. In a statement on Wednesday, the BIR pointed out that, in the four months since the program was established, it has recorded 3,929 beneficiaries and P266.79

Mining Philippines 2026 highlights critical minerals push

Oct 28, 2026

Mining Philippines 2026 highlights critical minerals push

MANILA, Philippines — The Marcos administration underscores mining’s strategic importance as Mining Philippines 2026 draws international participation. Department of Environment and Natural Resources Secretary Juan Miguel Cuna, who delivered President Ferdinand R. Marcos Jr.’s keynote message to the conference, joins Chamber of Mines of the Philippines Chairman Michael Toledo (right) in the ceremonial ribbon-cutting at Conrad

Telcos told to tighten checks on users with multiple SIMs

Oct 28, 2026

Telcos told to tighten checks on users with multiple SIMs

MANILA, Philippines — The government has ordered telecom firms in the Philippines to strengthen checks on subscribers with many registered SIM cards to prevent illicit activities like scams. In a statement, the National Telecommunications Commission (NTC) said it gave mobile network operators 15 days from receipt of order to conduct additional verification of subscribers with more

Thailand Business News — Morning Briefing | 29 October 2026 | Thailand, ASEAN and Global Markets

Oct 28, 2026

Thailand Business News — Morning Briefing | 29 October 2026 | Thailand, ASEAN and Global Markets

29 October 2026 | Thailand, ASEAN and Global Markets Today’s briefing focuses on Thailand’s industrial recovery, renewed energy-price risks, Southeast Asia’s clean-energy supply chains, the AI-driven stock rally and Indonesia’s financial-market reforms. Thailand’s car production falls 6.1% as manufacturing recovery remains uneven Thailand’s car production fell 6.08% year on year to 120,319 vehicles in September, […]

Ayala sets P19.5-B share repurchase amid Mitsubishi deal

Oct 28, 2026

Ayala sets P19.5-B share repurchase amid Mitsubishi deal

MANILA, Philippines — Ayala Corp. seeks to buy back up to P19.5 billion worth of shares from public investors as it advances a planned deal with Japanese giant Mitsubishi Corp. On Wednesday, the group said it plans to launch a voluntary tender offer to buy 30.06 million common shares from all holders. READ: Mitsubishi to raise

Inflation fears drag PSEi down 1.87%

Oct 28, 2026

Inflation fears drag PSEi down 1.87%

MANILA, Philippines — Local stocks fell on Wednesday as higher oil prices and a weakening peso stoked inflation concerns, while elevated treasury yields dampened demand for equities. The benchmark Philippine Stock Exchange Index (PSEi) slid 1.87 percent, or 107.64 points, to close at 5,653.55. READ: Red hot inflation seen extending BSP hikes Michael Ricafort, chief economist

Court junks contempt case against Lopez Holdings execs

Oct 28, 2026

Court junks contempt case against Lopez Holdings execs

MANILA, Philippines — A Mandaluyong regional trial court dismissed a petition for indirect contempt filed against several members of the Lopez majority bloc over alleged violations of a temporary retraining order linked to the controversial family feud. On Wednesday, Lopez Holdings Corp. said in a regulatory filing that it submitted a copy of the Oct.

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