Thailand Police Arrest 39 in Major Cross-Border Scam Crackdown, Seize THB500 Million in Assets

Thailand Business News - Oct 14, 2026

Thai authorities have arrested 39 suspects and seized assets worth more than 500 million baht in a major operation targeting a transnational investment scam and money-laundering network

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What does the historic Bank of America fine mean for US-China capital streams?

Oct 14, 2026

What does the historic Bank of America fine mean for US-China capital streams?

As the US Treasury imposed historic fines on Bank of America over compliance failures involving Chinese money-laundering networks, analysts see the action as a signal that could prompt Western banks to tighten scrutiny of Chinese clients and cross-border transactions. The penalties, announced on Tuesday and totalling more than US$1.21 billion, included what the US Treasury described as its third-largest penalty on record and the largest in the history of the Office of the Comptroller of the...

PSEi retreats to 5,600 on selling pressure, growth concerns

Oct 14, 2026

PSEi retreats to 5,600 on selling pressure, growth concerns

The Philippine stock barometer retreated to the 5,600 level on Wednesday, dragged by selling pressure on heavyweight stocks and concerns over the country"s economic growth outlook.

Hesai launches 3D spatial camera as Chinese lidar maker expands into physical AI

Oct 14, 2026

Hesai launches 3D spatial camera as Chinese lidar maker expands into physical AI

Hesai Group, the world’s largest maker of lidar sensors for vehicles, has launched a 3D spatial camera as it expands into physical artificial intelligence in search of new growth opportunities. The handheld device, called Kosmo, is described by Hesai as a “physical AI eye” and converts real-world environments into detailed, editable 3D models. The company said it was designed to standardise the digitisation of complex spaces such as campuses and factories. “Our interesting new products, which...

New DICT chief De Claro meets with department officials

Oct 14, 2026

New DICT chief De Claro meets with department officials

Joseph Montes de Claro visited the Department of Information and Communications Technology (DICT) headquarters in Quezon City on Wednesday after he was appointed as its new secretary.

Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report

Oct 14, 2026

Chinese memory giant YMTC to grow revenue 6 times faster than peers as IPO nears: report

Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is...

IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud

Oct 14, 2026

IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud

The International Monetary Fund and World Bank on Wednesday released a framework for tackling cyber-enabled fraud.

Peso closes near all-time low at P62.87 vs. US dollar

Oct 14, 2026

Peso closes near all-time low at P62.87 vs. US dollar

The Philippine peso weakened for the second straight trading day on Wednesday, closing near its all-time low against the US dollar amid renewed tensions in the Middle East.

China chip exports jump 136% to US$45b as AI frenzy jacks up prices

Oct 14, 2026

China chip exports jump 136% to US$45b as AI frenzy jacks up prices

China’s integrated circuit (IC) exports surged 136 per cent year on year in September to US$45 billion, exceeding the 108 per cent growth rate in the first nine months of the year in a sign of the country’s rising influence in the global semiconductor supply chain. In September, China exported 32.7 billion units of ICs, according to customs data released on Wednesday, a 1 per cent year-on-year increase in volume. But higher prices fuelled the 136 per cent jump in value amid a memory chip...

China’s EV industry faces double blow from EU export quota, VAT rebate cut

Oct 14, 2026

China’s EV industry faces double blow from EU export quota, VAT rebate cut

China’s electric vehicle (EV) makers have been hit with a double blow as both Beijing and Brussels introduce measures that will affect their exports, leading analysts to revise down their earnings forecasts for the industry. The twin measures – combined with a sales decline in China’s domestic market – could create a “do-or-die moment” for some of the country’s 50-odd EV makers, ramping up financial pressure on the companies, according to industry officials. On Friday, China and the European...

China’s carmakers eye record sales, luxury model hits regulatory bump: 7 EV reads

Oct 14, 2026

China’s carmakers eye record sales, luxury model hits regulatory bump: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China carmakers eye record 12 million global sales in 2026 as EV demand surges Chinese automotive groups have cause to celebrate their go-global strategy amid breakneck export growth in recent years, with deliveries in 2026 expected to beat expectations already buoyed by an...

DBP: COA findings on contractor loans already addressed

Oct 14, 2026

DBP: COA findings on contractor loans already addressed

The Development Bank of the Philippines (DBP) on Wednesday maintained that it had “satisfactorily addressed” audit findings on its contractor lending program, after state auditors flagged P4.09 billion in past-due loans under the Build, Build, Build program.

Hopes for stock support rise in China ahead of CSRC head Wu Qing’s speech

Oct 14, 2026

Hopes for stock support rise in China ahead of CSRC head Wu Qing’s speech

Chinese investors are gearing up for a speech next week by the chief of the securities watchdog for clues on how Beijing will ramp up support for the country’s stock market after its latest efforts did little to bolster sentiment. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), is due to deliver a keynote speech at the Financial Street Forum in Beijing on Monday. Other top financial regulators including central bank governor Pan Gongsheng will also address the four-day...

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