Security Bank Corporation saw a 1% year-on-year growth in its net income amounting to P9.2 billion in the first nine months of 2026.
Nov 13, 2026
Bureau of Internal Revenue (BIR) Commissioner Charlito Mendoza is moving to the Bureau of Customs (BOC) as part of President Ferdinand "Bongbong" Marcos Jr.'s recent Executive branch leadership shake-up.
Hong Kong’s economy is showing resilience, with real gross domestic product (GDP) growing 5.1 per cent year on year in the first half of 2026. For businesses, that momentum brings opportunities alongside the need to navigate a landscape of uneven growth. “We see the growth concentrated in a few sectors, which is AI-led,” says Regina Lee, head of commercial banking at Hang Seng Bank. According to the Hong Kong government’s half-yearly economic report released in August, the value of overall...
President Ferdinand "Bongbong" Jr. shook up key positions in the country's top collection agencies, namely the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC).
Customers of the Manila Electric Company (Meralco) should brace for higher electricity bills this month as the power distributor hiked its household rate due to higher generation costs.
The temporary outage of Microsoft’s office software Outlook disrupted employees’ work in Hong Kong’s financial sector on Friday morning. Some bankers from Goldman Sachs and Nomura said their work had been disrupted, the South China Morning Post learned. Many in Central, Hong Kong’s main financial district, had to work offline after the email service was down. “We haven’t been able to send or receive emails since the early hours of this morning, and the problem is still ongoing,” a Nomura...
Hong Kong’s exchange-traded fund (ETF) market is looking to attract a broader pool of investors, from local retail investors to mainland Chinese institutions, as rising demand for diversified investment products and expanded cross-border access drive growth. The city’s connectivity with the mainland and other regional markets was one of its key advantages in attracting investors, while ETFs were increasingly becoming an integral part of institutional portfolio construction rather than merely a...
Following Nvidia NVDA.O CEO Jensen Huang's resignation, Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, considering both internal and external candidates, the company said on Thursday.
13 November 2026 Editorial outlook Today’s developments point to five interconnected trends shaping Thailand and the wider Asian economy: Priority for Thailand: The immediate opportunity is to translate foreign investment and regional cooperation into domestic productivity, skilled employment, industrial upgrading and more resilient supply chains. Thailand Positions Board of Investment at the Core of FastPass […]
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) acknowledged that the country was grappling with a difficult mix of high inflation and sluggish economic growth, while stressing that its future policy decisions would remain guided by incoming data. In a statement on Wednesday evening, the central bank said it remained committed to fulfilling its mandate
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has decided to keep the current cap on finance charges that credit card issuers can collect from borrowers, but raised the fees for installment loans and cash advances. In a statement, the BSP said the move was meant to protect consumers while providing credit card issuers more
MANILA, Philippines — Investments committed by Filipino and foreign investors rose sharply in the third quarter, reaching P628.19 billion as pledges from overseas investors more than doubled during the period. Latest data from the Philippine Statistics Authority (PSA) showed that investment commitments approved from July to September surged by 82.7 percent from P343.81 billion in the
Hong Kong property developer New World Development plans to raise about HK$25 billion (US$3.19 billion) through a rights issue, with the Cheng family underwriting the offering as the debt-laden company seeks to strengthen its balance sheet, according to people familiar with the matter. HSBC was arranging the fundraising, which was expected to carry a steep discount to the prevailing share price, sources said. They described the scale as “very substantial”. Chow Tai Fook Enterprises and the...