Thailand Faces a New Economic Test Nearly 30 Years After Its IMF Rescue

Thailand Business News - Oct 15, 2026

Thailand hosts the IMF-World Bank annual meetings in Bangkok this week, nearly three decades after the 1997 Asian financial crisis.

Read full article

More News

How fast? NTC tests internet speeds on MRT-3

Oct 15, 2026

How fast? NTC tests internet speeds on MRT-3

The National Telecommunications Commission has conducted speed tests for internet and mobile signals on the MRT-3.

Hong Kong plans just 2 land sales this quarter despite housing rebound

Oct 15, 2026

Hong Kong plans just 2 land sales this quarter despite housing rebound

The Hong Kong government will release two parcels of land for sale – one for a residential development and another for a student hostel project – in the October to December quarter, as officials maintain a cautious stance towards housing supply even as the market rebounds. One residential site – an 8,015-square-metre (86,250-square-foot) parcel of land in Sha Tin – will be offered through tender in the third quarter of the 2026-2027 financial year, Development Secretary Bernadette Linn Hon-ho...

Watchdog files raps vs firms behind ‘onion cartel’

Oct 15, 2026

Watchdog files raps vs firms behind ‘onion cartel’

MANILA, Philippines — The Philippine Competition Commission (PCC) has filed administrative charges against six firms and their officers, which it said were behind the “onion cartel” that drove onion prices to as much as P800 per kilogram in late 2022. Named in the charges were Golden Shine International Freight Forwarders Corp., Tian Long Corp., La Reina

China's ByteDance sets up AI safety team, launches global hiring drive

Oct 15, 2026

China's ByteDance sets up AI safety team, launches global hiring drive

ByteDance's AI research unit Seed has launched a global drive to recruit 10 researchers, saying it will make a long-term investment in AI safety for its increasingly capable models.

DA awaits confirmation from toll operators for rebates for agri trucks

Oct 15, 2026

DA awaits confirmation from toll operators for rebates for agri trucks

The DA said it is still awaiting word from some tollway operators, including San Miguel Corporation and those linked to the Villar group, to offer a rebate program for agricultural trucks.

Peso hits new low, retreats to 63-per-dollar

Oct 15, 2026

Peso hits new low, retreats to 63-per-dollar

MANILA, Philippines — The Philippine peso sank past the 63-per-dollar mark for the first time on Thursday, even as the US dollar retreated from an 18-month high despite hotter-than-expected US inflation. The local currency fell to an intraday low of 63.06 against the dollar during morning trading, according to data from the Bankers Association of the

Pag-IBIG: 50,000 homes up for grabs at 2-day housing expo

Oct 15, 2026

Pag-IBIG: 50,000 homes up for grabs at 2-day housing expo

About 50,000 housing units will be offered to Filipino workers and their families at the Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund"s 2nd National Housing Expo at the SMX Convention Center in Pasay City on October 19 and 20.

Visayas grid faces new yellow alert on Oct. 15

Oct 15, 2026

Visayas grid faces new yellow alert on Oct. 15

MANILA, Philippines — After more than two weeks, the Visayas grid experienced a yellow alert on Thursday due to the unavailability of two large coal plants and limited power imports from Mindanao. Tight power supply continues, with 645.6 megawatts (MW) unavailable to the grid.  READ: Red alert up for 5 hours over Visayas grid In an

QR Ph, InstaPay payments nearly triple on Xendit platform

Oct 15, 2026

QR Ph, InstaPay payments nearly triple on Xendit platform

Payments through QR Ph and InstaPay nearly tripled on payments infrastructure company Xendit from January 2025 to April this year, a study released by the global payments infrastructure company on Thursday showed.

AI will complement, not replace human workforce, says DEPDev

Oct 15, 2026

AI will complement, not replace human workforce, says DEPDev

AI will only help the human workforce do their jobs easier and not replace them, a DEPDev official said on Thursday amid uncertainties on the use of such technology and fears of job losses.

Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study finds

Oct 15, 2026

Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study finds

Hong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than...

Philippine peso breaches P63:$1, hits 27th record low for year

Oct 15, 2026

Philippine peso breaches P63:$1, hits 27th record low for year

The Philippine peso weakened against the dollar for the third trading day on Thursday, breaching the P63:$1 level to hit a fresh record low, amid what an economist described as a “series of unfortunate events.”

Recommended