Thailand to Tighten Oversight of App-Based Ride-Hailing Services

Thailand Business News - Sep 29, 2026

Thailand's Ministry of Transport will intensify enforcement of ride-hailing regulations starting October 1, targeting eight platforms including Grab, Bolt, and LINE MAN

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ERC adopts new billing format to exclude VAT on allowable system loss charges

Sep 29, 2026

ERC adopts new billing format to exclude VAT on allowable system loss charges

The Energy Regulatory Commission (ERC) on Tuesday said it has adopted a new billing format for all distribution utilities (DUs) to reflect the removal of the 12% value-added tax (VAT) on the allowable system loss charges imposed by power utilities on their customers.

Eunis Chan, Angela Leong sell luxury Hong Kong properties as rate increases loom

Sep 29, 2026

Eunis Chan, Angela Leong sell luxury Hong Kong properties as rate increases loom

As the shadow of possible interest rate increases darkens Hong Kong’s property market outlook, well-known people including model-actress Eunis Chan Ka-yung and billionaire Angela Leong On-kei have recently decided the time was right to sell luxury properties, according to market sources. Chan sold a two-bedroom Mid-Levels flat for HK$32.25 million (US$4.1 million), making a profit of about 130 per cent, while Leong, a businesswoman and Macau legislator who was the fourth wife of the late casino...

Bangkok floods threaten to shave 0.3 percentage points from Thailand’s 2026 growth

Sep 29, 2026

Bangkok floods threaten to shave 0.3 percentage points from Thailand’s 2026 growth

Severe flooding in Bangkok and surrounding provinces is projected to reduce Thailand's 2026 economic growth by 0.3 percentage points, lowering estimates to 2.1%

China’s CXMT to favour domestic suppliers in US$5.2b memory-chip capacity push: source

Sep 29, 2026

China’s CXMT to favour domestic suppliers in US$5.2b memory-chip capacity push: source

Chinese memory chip giant ChangXin Memory Technologies (CXMT) plans to invest 34.9 billion yuan (US$5.2 billion) in expansion, with a large portion of the capital going to domestic suppliers of chipmaking equipment, according to a source. The firm, listed on the Shanghai Stock Exchange’s Star Market, would spend 24.1 billion yuan on a new technology research and development project and another 10.8 billion yuan on the second phase of a wafer testing base, according to a Monday stock filing. The...

Why Citi is betting on China’s 30-year bonds as US Treasury yields climb

Sep 29, 2026

Why Citi is betting on China’s 30-year bonds as US Treasury yields climb

Citi Research has turned bullish on China’s 30-year government bonds, projecting that yields will fall further even as US Treasury yields climb. In a Monday research note, analysts at the Wall Street bank recommended that investors go long on China’s 30-year sovereign debt, saying they expected the yield to fall towards 1.8 per cent while the 10-year yield could edge towards 1.6 per cent. The analysts attributed the outlook to easing supply pressures and improved market dynamics for China’s...

AstraZeneca, Merck, Novo deals boost Chinese biotech as global interest grows

Sep 29, 2026

AstraZeneca, Merck, Novo deals boost Chinese biotech as global interest grows

Shares of Akeso surged after British drug maker AstraZeneca moved to advance the Chinese biotech firm’s flagship cancer drug, while a new deal from US giant Merck further underscored the sector’s global momentum amid easing fears of US curbs. AstraZeneca on Tuesday announced a US$2 billion equity investment in Florida-headquartered Summit Therapeutics, which holds the exclusive rights to develop and commercialise Akeso’s immunotherapy drug ivonescimab outside China. Summit and AstraZeneca would...

Domestic workers in Central Visayas to get P500 monthly minimum wage increase

Sep 29, 2026

Domestic workers in Central Visayas to get P500 monthly minimum wage increase

Domestic workers will receive a P500 increase in their monthly minimum wage under a new wage order in Central Visayas, the Department of Labor and Employment (DOLE) said Tuesday.

‘180-degree flip’ sees global investors turn to China for diversification: Pimco president

Sep 29, 2026

‘180-degree flip’ sees global investors turn to China for diversification: Pimco president

Global investors are turning to China again in search of alternatives to crowded US asset markets, with Pimco seeing Chinese bonds as one of the safest ways to diversify portfolios after sentiment towards the world’s second-largest economy “flipped 180 degrees”. The US-based asset manager, which oversaw more than US$2 trillion in assets by the end of June, had been pointing its clients, particularly those outside the United States, towards Chinese offshore bonds, according to its president,...

DOE pushes competitive framework for nuclear power procurement

Sep 29, 2026

DOE pushes competitive framework for nuclear power procurement

As the Philippines moves to include nuclear power in its energy mix, the Department of Energy (DOE) is pushing for a competitive procurement framework focused on strict grid readiness, staged delivery schedules, and rigorous pricing parameters.

Hong Kong’s IPO revival faces test as 3 new stocks stumble on debut

Sep 29, 2026

Hong Kong’s IPO revival faces test as 3 new stocks stumble on debut

Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares closed 4.9 per cent lower at HK$414.4 (US$52.82) after dropping as much as 9.8 per...

Why is JPMorgan expanding in China? CEO Dimon sees another decade of sharp growth

Sep 29, 2026

Why is JPMorgan expanding in China? CEO Dimon sees another decade of sharp growth

JPMorgan Chase, the world’s top bank by market capitalisation, plans to expand hiring and technology investment across mainland China and Hong Kong and is looking to take advantage of the city’s strengthening capital markets as well as its platform for serving companies operating in and out of the Chinese market, according to senior executives. CEO Jamie Dimon said the banking giant’s China-related business, measured by factors including client volume, has grown sharply over the past decade –...

Chinese brokerages get in line with Beijing’s crackdown on overseas stock trading

Sep 29, 2026

Chinese brokerages get in line with Beijing’s crackdown on overseas stock trading

Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu Securities International. Orient Securities’ mainland-based clients that have trading accounts in its Hong Kong unit will be banned from buying stocks and transferring in funds starting on Wednesday, according to a notice to customers seen by the South China Morning Post. Guotai Junan...

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