Peso unchanged at record-low P63.09:$1, PSEi inches up on Mynt debut

GMA Network - Oct 20, 2026

The Philippine peso closed unchanged against the US dollar at P63.09:$1 on Tuesday, matching its record-low finish from the previous trading day.

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Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...

Chinese carmakers gear up European production to sidestep tariffs, import quota

Oct 20, 2026

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Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

Oct 20, 2026

PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

The Philippine government, through the Department of Finance (DOF), has secured ¥236.64-billion or roughly P94-billion loan from the Asian Development Bank (ADB) as financing support in efforts to cushion the impact of the Middle East crisis on commuters, vulnerable sectors, and overseas Filipino workers (OFWs).

COREPLUS urges Cebu businesses to strengthen own energy systems

Oct 20, 2026

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China’s tax authority issues final call for wealthy citizens to declare offshore trust gains

Oct 20, 2026

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Oct 20, 2026

GCash sees lending as driver for future growth

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Oct 20, 2026

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DOLE: Heat index of 40C may be used as reason not to go to work

Oct 20, 2026

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Oct 20, 2026

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Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Oct 20, 2026

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm,...

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