Prometheum Capital, HashKey Digital Asset Group, and Velocity Capital Sign Binding MOU to Internationalize Tokenized U.S. Equities

South China Morning Post - Sep 16, 2026

[The content of this article has been produced by our advertising partner.]  NEW YORK – SEPT. 16, 2026 – Prometheum Inc. (“Prometheum”), a market infrastructure provider for crypto assets, today announced that its subsidiary Prometheum Capital LLC (“Prometheum Capital”), an SEC-registered, FINRA member crypto asset custodian and clearing broker-dealer, has signed a binding memorandum of understanding (“MOU”) with HashKey Digital Asset Group Limited (“HashKey”) and Velocity Capital, LLC...

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Thailand Business News — Morning Briefing : Thailand & Asia | 17 September 2026

Sep 16, 2026

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PSEi drops below 6,000 on slower growth, geopolitical woes

Sep 16, 2026

PSEi drops below 6,000 on slower growth, geopolitical woes

MANILA, Philippines — Local stocks fell below the 6,000 level on Wednesday as investor fears of sluggish local economic growth and geopolitical conflicts deepened. The Philippine Stock Exchange Index (PSEi) plunged by 1.51 percent, or 90.84 points, to close at 5,916.94. READ: GDP growth seen to underperform target The broader All Shares also fell by

China’s Z.ai raises revenue target 25% after US$5 billion cash injection

Sep 16, 2026

China’s Z.ai raises revenue target 25% after US$5 billion cash injection

Chinese artificial intelligence developer Z.ai has raised its year-end annual recurring revenue (ARR) outlook by 25 per cent to US$3 billion, as the firm indicated its fresh US$5 billion war chest had helped clear its computing capacity bottlenecks for the time being. The updated ARR projection, up from a previous estimate of about US$2.4 billion, was disclosed during an investor call on Wednesday, according to a transcript seen by the South China Morning Post. The revised guidance comes days...

China’s AI chip stocks face crucial test as MetaX lock-up period expires

Sep 16, 2026

China’s AI chip stocks face crucial test as MetaX lock-up period expires

China is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares are released for trading, after the expiry of a similar lock-up period for shares in fellow AI chip firm Moore Threads last week sparked an avalanche of sales that wiped nearly 49 billion yuan...

Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources

Sep 16, 2026

Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources

China’s Moonshot AI has attracted global investor interest spanning Europe, Asia and the Middle East, people familiar with the matter say, as international capital scrambles for access to Chinese frontier artificial intelligence labs, betting on their high-stakes race against US rivals. The Beijing-based developer of the Kimi family of AI models has seen mounting interest from overseas players ranging from European investment firms to Middle East family offices, with some seeking indirect...

Developer family’s deals highlight capital shift across Hong Kong property sectors

Sep 16, 2026

Developer family’s deals highlight capital shift across Hong Kong property sectors

A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors. John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed. The price for the four-bedroom flat, which has a saleable area of 2,888 square feet,...

Peso strengthens for 2nd straight trading day; PSEi falls to 5,916.94

Sep 16, 2026

Peso strengthens for 2nd straight trading day; PSEi falls to 5,916.94

The Philippine peso appreciated against the US dollar for the second straight trading day on Wednesday, as global crude oil prices eased following reports indicating higher energy inventories in the United States.

EU opens door for Canada to become first associate member, EU Commission President says

Sep 16, 2026

EU opens door for Canada to become first associate member, EU Commission President says

European Commission President Ursula von der Leyen said the European Union is opening the door for Canada to become the first associate member, a status that does not exist under the bloc's treaties.

US crypto bill stumble sparks call for Hong Kong to seize ‘critical strategic window’

Sep 16, 2026

US crypto bill stumble sparks call for Hong Kong to seize ‘critical strategic window’

The US Senate’s rejection of the Clarity Act – a landmark bill meant to regulate cryptocurrency market structure – has opened a window for Hong Kong to accelerate its digital asset ambitions, industry insiders say, even as the sector remains mired in a slump after a brief rally last month. Beijing’s ban on crypto remains in force in mainland China, but Hong Kong has received approval to develop itself as a digital asset hub, with the stalled push in Washington presenting the city with what...

Tesla revives China discounts; Iran war drives shift to electric cars: 7 EV reads

Sep 16, 2026

Tesla revives China discounts; Iran war drives shift to electric cars: 7 EV reads

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Palace assures sufficient fuel supplies amid Middle East crisis

Sep 16, 2026

Palace assures sufficient fuel supplies amid Middle East crisis

After the price of Dubai crude oil breached the $80-per-barrel threshold, Malacañang on Wednesday assured there are adequate supplies of fuel but has yet to issue a decision on the possible suspension of the excise tax.

First update made to ISO 9001 in a decade, with China shaping AI, cybersecurity standards

Sep 16, 2026

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Sep 16, 2026

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The estimated production of palay (unhusked rice) and corn may decline in the third quarter of 2026 compared with the same period last year, the Philippine Statistics Authority (PSA) said.

ByteDance’s AI-enhanced short-drama app eclipses China’s Netflix rivals combined

Sep 16, 2026

ByteDance’s AI-enhanced short-drama app eclipses China’s Netflix rivals combined

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Hong Kong rated Asia’s top financial hub for fourth straight year: report

Sep 16, 2026

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Hong Kong has retained its status as Asia’s top financial hub for a fourth consecutive edition of the Global Financial Centres Index (GFCI), even as many of the world’s leading centres saw their scores slip slightly amid rising geopolitical headwinds. The city also ranked third globally in the 40th edition of the twice-yearly report, released on Wednesday amid a remarkably tight race at the top of global finance. Hong Kong scored 756, just one point behind London and a point ahead of Singapore....

Investors prepare for ‘super-central-bank week’ as US rate increase appears done deal

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BRICS leaders call for restraint as trade and energy security move to centre stage

Sep 16, 2026

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Sep 16, 2026

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MANILA, Philippines — India’s largest airline plans to take the Mumbai-Manila route first once it secures approval for its Philippine entry, as it seeks to strengthen air connectivity between some of the two countries’ largest economic hubs. According to the Department of Trade and Industry (DTI), low-cost carrier IndiGo is already evaluating the prospects of

Geopolitical turmoil, cyberattacks top risks to financial stability

Sep 16, 2026

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MANILA, Philippines — Geopolitical tensions, cyberattacks and global supply chain disruptions are among the key risks financial institutions are watching closely, a central bank-led government group said. The risks were identified in the annual Survey of Salient Risks by the Financial Stability Coordination Council (FSCC), which gathers views on threats that could affect the financial system

Moody’s buys into PhilRatings

Sep 16, 2026

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MANILA, Philippines — Moody’s Corp. is set to acquire a minority stake in Philippine Rating Services Corp. (PhilRatings), marking the first investment by a global credit rating agency in a domestic debt watchdog. The investment will be made through Moody’s Ratings, one of the world’s three major credit rating agencies, although the terms of the transaction

DOE to auction off 3,800-MW natural gas projects

Sep 16, 2026

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Sep 16, 2026

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MANILA, Philippines — Several big-ticket Indian companies are looking to invest a combined $66.78 million to expand or establish operations in the Philippines. These investment prospects were presented during a roundtable between President Marcos and Indian business leaders, also attended by Finance Secretary Frederick Go and Trade Secretary Cristina Roque. READ: Marcos at BRICS: India’s

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Sep 16, 2026

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GSK licenses Chinese firm’s cancer drug in US$750 million deal

Sep 16, 2026

GSK licenses Chinese firm’s cancer drug in US$750 million deal

British pharmaceutical giant GSK has agreed to acquire a cancer drug from Chinese firm Chimagen Biosciences in a deal worth up to US$750 million, underscoring China’s emergence as a global player in biotechnology. GSK announced plans on Tuesday to buy full global rights to a “potential best-in-class” T-cell engager (TCE) from Chengdu-based Chimagen, targeting treatment for multiple myeloma, a type of blood cancer. TCEs work by binding T cells, a kind of white blood cell, directly to cancer...

BIZ BUZZ: Consunji ready for battle for Semirara

Sep 16, 2026

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MANILA, Philippines — A potential new operator of the highly priced Semirara coal site will need to cough up P55 billion for equipment, as the top executive of Semirara Mining and Power Corp. (SMPC) balked at a proposed auction rule forcing the latter to give up its machinery. While the group awaits a court response on

GCash IPO seen testing PH market appetite for mega deals

Sep 16, 2026

GCash IPO seen testing PH market appetite for mega deals

MANILA, Philippines — The planned blockbuster listing of GCash operator Mynt Inc. could demonstrate the Philippine stock market’s capacity to absorb large equity deals while drawing more retail investors into equities, according to the Securities and Exchange Commission (SEC). SEC Chair Francis Ed Lim noted that Mynt plans to launch its initial public offering (IPO), which

Balisacan flags weak social insurance system as poverty risk

Sep 16, 2026

Balisacan flags weak social insurance system as poverty risk

MANILA, Philippines — The Philippines’ weak social insurance system is leaving households more vulnerable to falling back into poverty when they face economic shocks such as disasters and the fallout from the Middle East war, Socioeconomic Planning Secretary Arsenio Balisacan said. Speaking to the Inquirer, Balisacan said more than half of the country’s population lives just

BOC sets up bonded facility for Jet A-1 fuel imports

Sep 16, 2026

BOC sets up bonded facility for Jet A-1 fuel imports

MANILA, Philippines — The Bureau of Customs (BOC) has established a bonded facility for imported Jet A-1 fuel for international flights, creating a mechanism for eligible carriers and fuel suppliers to avail of tax incentives under the CREATE MORE Act. Under Customs Administrative Order No. 03-2026, the BOC said the bonded Jet A-1 Fuel Facility (JAFF)

Southeast Asian buyers emerge as top non-local investors in Hong Kong commercial property

Sep 16, 2026

Southeast Asian buyers emerge as top non-local investors in Hong Kong commercial property

Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills. As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far this year, data compiled by the property consultancy showed. Southeast Asian investors contributed...

Bangkok’s Data Center Boom Runs Into a Regulatory Reckoning

Sep 15, 2026

Bangkok’s Data Center Boom Runs Into a Regulatory Reckoning

As the capital grapples with an unprecedented AI-driven digital expansion, the government faces a high-stakes reckoning—balancing the promise of a booming tech economy against severe environmental risks, power grid strains, and growing public outcry.

Thailand Business News — Morning Briefing : Thailand & Asia | 16 September 2026

Sep 15, 2026

Thailand Business News — Morning Briefing : Thailand & Asia | 16 September 2026

Thailand targets US$600 million tourism boost as domestic travel becomes a stronger economic buffer Thailand is preparing a new THB4 billion domestic-tourism stimulus package designed to generate more than THB20 billion (US$602 million) in additional tourism spending as the sector faces a slower recovery in international arrivals and rising operating costs. Tourism and Sports Minister […]

Hong Kong commercial property downturn to worsen amid tightening credit: agents

Sep 15, 2026

Hong Kong commercial property downturn to worsen amid tightening credit: agents

Commercial property prices in Hong Kong are likely to continue their downward spiral, as the market risks getting trapped in a “vicious cycle” of tighter bank lending and weakening demand, a property agency has warned. Banks in the city had adopted a more conservative approach towards approving mortgages for commercial properties over the past three years, introducing stricter approval standards and terms, said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, at...

US-backed subsea cable network eyes PH link

Sep 15, 2026

US-backed subsea cable network eyes PH link

MANILA, Philippines — The US plans to connect Thailand to the US through a submarine cable network that includes Manila, avoiding security risk areas like the South China Sea. In a statement, the US Trade and Development Agency (USTDA) said it was funding a feasibility study for the proposed Thailand-US Submarine Cable System (THUS), which could

Cheaper digital payments could drive greater use, survey finds

Sep 15, 2026

Cheaper digital payments could drive greater use, survey finds

MANILA, Philippines — Lowering fees can significantly increase the use of digital payments, a new survey found, suggesting that payment pricing affects more than the cost of a transaction. A survey of 15,000 mobile banking users at Rizal Commercial Banking Corp. (RCBC) showed that users doubled their transactions after the bank reduced fees to zero. In

Aznar Shipping eyes December PSE debut

Sep 15, 2026

Aznar Shipping eyes December PSE debut

MANILA, Philippines —  Cebu-based Aznar Shipping Corp. is seeking to raise P737 million through an initial public offering (IPO) to expand its fleet and shipping operations across the Visayas. The shipping operator has filed a registration statement with the SEC to sell up to 1 billion primary common shares, plus an option for 100 million

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