The Philippine Amusement and Gaming Corporation (PAGCOR) saw a double-digit decline in its revenues in the first nine months of 2026.
Oct 29, 2026
MANILA, Philippines — MGEN Renewables Inc. (MGENR), formerly SP New Energy Corp. or SPNEC, is pushing for its planned secondary public offering after securing board approval for a P4.98-billion asset deal, a step closer to expanding its grip beyond the world’s largest solar farm. The company said on Wednesday that its board of directors had
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
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 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.
Oct 28, 2026
The Hong Kong Monetary Authority (HKMA) warned of considerable uncertainty over the path of US interest rates as it kept its base rate unchanged at 4.25 per cent on Thursday, hours after the US Federal Reserve also held its benchmark rate steady. The Hong Kong dollar could continue to weaken due to the gap between Hong Kong and US interest rates, as that would lead carry trade activity, the HKMA said in a statement on Thursday. In carry trades, investors borrow in low-interest currencies to...
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...
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
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
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
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, […]
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
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