Thailand’s Floods Expose Severe Vulnerabilities in Its Automotive Supply Chain

Thailand Business News - Oct 6, 2026

Thailand's floods have disrupted Toyota and Honda production, highlighting supply-chain vulnerabilities that could threaten the nation's automotive dominance as climate risks grow.

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

Oct 5, 2026

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

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.

Adrian Cheng, former scion of Hong Kong’s NWD, expands K11 brand in Xiamen

Oct 5, 2026

Adrian Cheng, former scion of Hong Kong’s NWD, expands K11 brand in Xiamen

Adrian Cheng Chi-kong, former heir apparent to Hong Kong’s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family’s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng’s K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per...

Toshiba eyes multibillion-peso investment to expand PH hard drive production

Oct 5, 2026

Toshiba eyes multibillion-peso investment to expand PH hard drive production

Japan"s Toshiba Corp. is set to invest billions of pesos to expand its hard disk drive production in the Philippines over the next three years, amid growing global demand for data storage.

HKMA licenses Bakai Bank, city’s first from Central Asia

Oct 5, 2026

HKMA licenses Bakai Bank, city’s first from Central Asia

Hong Kong Monetary Authority (HKMA) has granted a banking licence to Bakai Bank, marking the first Central Asian bank to set up in Hong Kong amid closer ties in the economy and trade flows between China and the region, according to a statement on Monday. Bakai Bank, one of the largest lenders in Kyrgyzstan, will operate as a restricted licence bank in Hong Kong. It will be the 17th restricted licence bank in Hong Kong. Under the licence, it can take deposits of at least HK$500,000 (US$63,776)...

LTFRB revokes authority of 2 TNCs over regulatory violations

Oct 5, 2026

LTFRB revokes authority of 2 TNCs over regulatory violations

The Land Transportation Franchising and Regulatory Board (LTFRB) has revoked the authority to operate and the renewal applications for two Transport Network Companies (TNCs) due to regulatory violations.

Customs surpasses January to September 2026 collection target by P8.9B

Oct 5, 2026

Customs surpasses January to September 2026 collection target by P8.9B

The Bureau of Customs (BOC) has collected P757.406 billion from January to September 2026, exceeding its target collection in the first nine months of the year.

BIR digitizes delinquent tax records

Oct 5, 2026

BIR digitizes delinquent tax records

The Bureau of Internal Revenue (BIR) is stepping up its collection of unpaid taxes, as it announced on Monday a new nationwide system that gives it a centralized view of delinquent accounts and properties seized, sold, or forfeited over unpaid tax liabilities.

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.

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