Sara Duterte's defense lawyer confronts AMLC witness with confidentiality rules

GMA Network - Oct 5, 2026

The cross-examination by Vice President Sara Duterte's defense of Anti-Money Laundering Council executive director, Atty. Ronel Buenaventura didn't sit well with some senators, as it sought answers from the witness regarding the confidentiality of AMLC records and the penalties for their disclosure.

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Hong Kong lawmakers say 5-year tax incentive too short to entice major innovative firms

Oct 5, 2026

Hong Kong lawmakers say 5-year tax incentive too short to entice major innovative firms

Hong Kong lawmakers have backed the government’s proposed tax incentives for large innovative companies, but many said on Monday that the planned five-year concession period is too short to attract major firms to establish headquarters or expand operations in the city. Chief Executive John Lee Ka-chiu in his policy address last month said the government planned to submit a bill introducing preferential profits tax rates of either 5 per cent or 8.25 per cent, which was half of the city’s standard...

HKTDC’s Belt and Road Summit drives momentum

Oct 5, 2026

HKTDC’s Belt and Road Summit drives momentum

[The content of this article has been produced by our advertising partner.] The 11th Belt and Road Summit, which took place in Wan Chai on 9-10 September, brought together more than 6,200 top officials, business leaders and senior professionals from 70-plus B&R countries and regions to explore opportunities for further cooperation and partnerships.       Co-organised by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), the signature event gave attendees the chance to...

Sustained profitability seen with GCash-Mynt lower IPO price

Oct 5, 2026

Sustained profitability seen with GCash-Mynt lower IPO price

The initial public offering of Mynt could give investors a more attractive starting point following the company"s final pricing at P6.60 per share, while its sustained profitability provides an important basis for assessing its longer-term value, according to investment analyst Eric Jurado.

Gasoline and kerosene pump prices up Tuesday; diesel down

Oct 5, 2026

Gasoline and kerosene pump prices up Tuesday; diesel down

Fuel retailers on Monday announced mixed movements in pump prices for the week, with gasoline and kerosene set to rise while diesel will be rolled back for the second straight week.

Toll waiver for agri trucks still under negotiation -- DA

Oct 5, 2026

Toll waiver for agri trucks still under negotiation -- DA

The Department of Agriculture (DA) said on Monday that negotiations with toll operators are still underway after it requested a toll waiver for trucks hauling agricultural goods amid rising fuel prices.

Hong Kong poised for first listed property debt fund as banks pull back

Oct 5, 2026

Hong Kong poised for first listed property debt fund as banks pull back

Private equity firms are moving to plug a commercial real estate funding gap as traditional banks pull back, with one fund filing to launch Hong Kong’s first listed property debt vehicle. Gaw Capital, a Hong Kong-based real estate private equity fund which managed US$35.6 billion in assets as of late 2025, filed to list its Gaw Capital Real Estate Private Debt OFC on Friday, seeking to become the first property-focused private debt fund on the Hong Kong stock exchange’s main board. The fund has...

Huawei, Qualcomm strike multi-year patent agreement across 5G, AI

Oct 5, 2026

Huawei, Qualcomm strike multi-year patent agreement across 5G, AI

US chip giant Qualcomm has agreed to pay to licence and acquire patents from China’s Huawei Technologies for the first time as part of a “multi-year, broad patent licence agreement” covering 5G, computing and artificial intelligence. The deal involved cross-licensing between both firms’ patent portfolios, the Shenzhen-based firm said in a statement on Monday, adding that it included Qualcomm’s purchase of specific Huawei US patents across compute, AI, networking and other technologies. The...

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

Oct 5, 2026

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross...

Asset manager Schroders to expand in Hong Kong after merger with Nuveen, CEO says

Oct 5, 2026

Asset manager Schroders to expand in Hong Kong after merger with Nuveen, CEO says

UK fund house Schroders will increase investment and headcount in Hong Kong after being acquired by US asset manager Nuveen, according to Schroders’ global CEO. “Hong Kong is a critical interface for mainland China through schemes like Wealth Management Connect,” Richard Oldfield said in an online interview with the South China Morning Post on Friday. The scheme, launched in 2021, allows investors in the Greater Bay Area to buy wealth-management products across borders. Underpinning Schroders’...

The Live Conversation: Education Beyond the Checklist

Oct 5, 2026

The Live Conversation: Education Beyond the Checklist

Over 1,700 parents, students and educators attended the International Schools Festival – Hong Kong Island 2026. Held at Hong Kong Ocean Park Marriott Hotel on September 19, it featured 46 schools and education advisers, and offered families guidance on admissions, curricula, university applications and future education planning. Across five parent talks and 10 school-led information sessions, speakers returned to one central message: education should not be driven by fear or the pursuit of a...

Temu took the world by storm – but has the shopping app lost its thunder?

Oct 5, 2026

Temu took the world by storm – but has the shopping app lost its thunder?

In February 2023, the budget shopping platform Temu announced itself on the world stage in the brashest way possible: becoming one of the youngest ever brands to buy a Super Bowl advertising spot. “Download the Temu app and shop like a billionaire,” a voice proclaimed in the 30-second commercial, as a woman danced on screen and ordered a series of outlandishly cheap items: from a US$8.99 dress to a US$4.99 wig. The commercial – which aired twice during the game, costing Temu an estimated US$14...

Quant funds are ‘necessary’ to China’s ascent as financial powerhouse: investor

Oct 5, 2026

Quant funds are ‘necessary’ to China’s ascent as financial powerhouse: investor

Beijing has tightened scrutiny of quantitative trading funds in recent months amid fears they add to market instability. Yet a leading investor believes the future is bright for China’s quant funds, as they are “necessary for a developed economy”. Seth Huang, the head of Aris Capital, said quant funds had such a clear advantage over retail investors on China’s capital markets that the situation could be described as “a war with some using machine guns and others butcher knives”. Quant funds have...

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