The fake commute: How China's unemployed save face

GMA Network - Oct 21, 2026

BEIJING/HONG KONG - A photo of a home-cooked lunch almost exposed Coco Li's secret.

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Peso sets new record low ahead of BSP meet

Oct 21, 2026

Peso sets new record low ahead of BSP meet

MANILA, Philippines — The Philippine peso fell deeper into the 63-per-dollar territory on Wednesday, ahead of the Bangko Sentral ng Pilipinas’ (BSP) next rate-setting meeting. The local currency opened at 63.01 against the greenback before posting an intraday low of 63.3 as of 12:34 p.m., data from the Bankers Association of the Philippines showed. READ: Peso

Hotel101 to open in Cairo, Egypt

Oct 21, 2026

Hotel101 to open in Cairo, Egypt

The initial 750-room Hotel101 in Cairo, Egypt, will be located in Hay Al Ashgar along Ahmed Zewail Road in 6th of October City, Giza, within the broader catchment of the Giza Pyramids and the Grand Egyptian Museum.

China’s offshore tax crackdown could inadvertently fuel a digital dollar boom

Oct 21, 2026

China’s offshore tax crackdown could inadvertently fuel a digital dollar boom

From October 22, China’s grace period for the disclosure and settlement of certain offshore-trust tax liabilities ends. For the Chinese government, this deadline highlights its desire to affirm control over capital outflows, while for Chinese high-net-worth families, it serves as a reminder that it is now harder to keep international assets beyond the reach of the government. The deadline sits against the backdrop of China tightening scrutiny around cryptocurrency, stablecoins and real-world...

DBM reviewing SC decision on 2024, 2025 budgets 

Oct 21, 2026

DBM reviewing SC decision on 2024, 2025 budgets 

The Department of Budget and Management (DBM) on Wednesday said that it is reviewing the Supreme Court"s (SC) decision declaring the 2024 and 2025 national budgets unconstitutional.

Agri damage due to El Niño tops P8.57 billion, says DA

Oct 21, 2026

Agri damage due to El Niño tops P8.57 billion, says DA

The agricultural sector has so far incurred P8.57 billion in damage and losses due to El Niño, the Department of Agriculture (DA) said on Wednesday.

Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increase

Oct 21, 2026

Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increase

Sun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at...

Vietnam's Vingroup investing $500M to put up EV manufacturing facility in PH -- DTI

Oct 21, 2026

Vietnam's Vingroup investing $500M to put up EV manufacturing facility in PH -- DTI

Vietnamese conglomerate Vingroup is pouring in $500 million worth of investments to establish a flagship electric vehicle (EV) manufacturing facility in the Philippines, the Department of Trade and Industry (DTI) said Wednesday.

PSEi rallies to 5,821.51 on bargain hunting, post-GCash listing

Oct 21, 2026

PSEi rallies to 5,821.51 on bargain hunting, post-GCash listing

Share prices on the Philippine Stock Exchange continued their rally, supported by bargain hunting and post-GCash parent Mynt Inc."s public listing, which boosted investor interest.

System loss kept below 15% amid El Niño threat -- Manila Water

Oct 21, 2026

System loss kept below 15% amid El Niño threat -- Manila Water

Manila Water Company Inc. said Tuesday it is keeping its non-revenue water (NRW) or system loss below 15% as it strengthens its preparations for the anticipated impacts of a looming strong El Niño.

Hong Kong sees last-minute IPO cancellations amid increased regulatory checks, weak market

Oct 21, 2026

Hong Kong sees last-minute IPO cancellations amid increased regulatory checks, weak market

Hong Kong’s tougher oversight and weak investor demand have put many mainland China issuers in a dilemma, forcing many small-cap non-technology firms to delay their fundraising plans or even cancel them at the last minute, according to industry players. On Tuesday Jiangsu Slender West Lake Culture and Tourism (SWL Tour) became the latest such case, when the state-owned aquatic tourism service provider postponed a HK$227 million (US$28.93 million) listing. The company attributed the decision to...

Peso slides further to 29th record low this year at P63.361:$1

Oct 21, 2026

Peso slides further to 29th record low this year at P63.361:$1

The Philippine peso further extended its slide beyond the P63 per dollar level on Wednesday, closing to its 29th historic low so far this year, as external pressures continue to weigh on the local unit.

DA eyes 60-day quantitative restriction on pork imports

Oct 21, 2026

DA eyes 60-day quantitative restriction on pork imports

The Department of Agriculture (DA) said on Wednesday that it is eyeing to impose a two-month suspension on the issuance of sanitary and phytosanitary import clearances (SPSICs) on imported pork.

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