US Fed’s Cook sees AI inflationary push as a top 2027 risk

The Business Times - Oct 1, 2026

Inflation has been above the Federal Reserve’s goal of 2% for more than 5 and a half years

Read full article

More News

DBS Hong Kong and Manulife Hong Kong mark 10 years of partnership with HK$1 million donation to support healthcare workers’ wellbeing

Oct 8, 2026

DBS Hong Kong and Manulife Hong Kong mark 10 years of partnership with HK$1 million donation to support healthcare workers’ wellbeing

[The content of this article has been produced by our advertising partner.] As DBS Hong Kong and Manulife Hong Kong celebrate the 10th anniversary of their bancassurance partnership, the two organizations are marking the milestone with a HK$1 million donation to Oasis – Centre for Personal Growth & Crisis Intervention, a centre under the Hospital Authority's Corporate Clinical Psychology Services. The milestone also reflects a decade of collaboration in helping customers protect their wealth and...

Thai Listed Companies Face Nearly $11 Billion in Annual Climate‑Risk Costs by 2050, S&P Global Warns

Oct 8, 2026

Thai Listed Companies Face Nearly $11 Billion in Annual Climate‑Risk Costs by 2050, S&P Global Warns

Thailand’s largest listed companies are on track to absorb almost USD 11 billion per year in climate‑related physical risk costs by the 2050s if no adaptation measures are taken, according to new analysis from S&P Global Sustainable1. The study evaluates 84 companies representing 97% of the SET100 market capitalization and applies high‑resolution climate‑risk modelling to […]

SCB EIC forecasts robust economic growth in Asia for 2026 fueled by global electronics cycle and AI

Oct 7, 2026

SCB EIC forecasts robust economic growth in Asia for 2026 fueled by global electronics cycle and AI

SCB EIC projects strong economic growth in Asia in 2026, driven by the accelerating global electronics cycle and AI investment. However, the region’s growth faces pressures from high energy prices, uncertainty surrounding US trade policy, and tighter financial conditions, impacting countries differently depending on their energy structure, export base, and role in the global AI […]

Hong Kong banks grow cautious on One Stanley mortgages amid investigation

Oct 7, 2026

Hong Kong banks grow cautious on One Stanley mortgages amid investigation

The furore over alleged construction defects at luxury development One Stanley threatens to cast a shadow over Hong Kong’s recovering super-prime property market, as banks hold off on mortgages and property agents suspend viewings at the complex while an investigation continues. “Most [banks] are adopting a wait-and-see approach,” said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, adding that lenders were likely to take a more cautious approach to mortgage...

BIR sets new guidelines for eDST compliance 

Oct 7, 2026

BIR sets new guidelines for eDST compliance 

The Bureau of Internal Revenue (BIR) has issued guidelines clarifying enrollment, system use and compliance procedures for the Enhanced Electronic Documentary Stamp Tax (eDST) System.

VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify

Oct 7, 2026

VP Sara and husband had P39 million in 8 banks as of end-2025, witnesses testify

Vice President Sara Duterte and her husband Manases Carpio, posted a P39-million total ending balance from several bank accounts under their names in 2025, bank officials said.

SSI Group to distribute Swiss sportswear brand On, operate its stores in PH

Oct 7, 2026

SSI Group to distribute Swiss sportswear brand On, operate its stores in PH

Listed specialty retailer SSI Group Inc. has partnered with Swiss sportswear brand On to be its official distributor in the Philippines and operate the brand"s first dedicated stores here.

PAL extends Great Mabuhay Miles Gateway travel period

Oct 7, 2026

PAL extends Great Mabuhay Miles Gateway travel period

Flag carrier Philippine Airlines (PAL) on Wednesday announced a six-month extension of the travel period covered by its Great Mabuhay Miles Gateway promotion, giving members more time to book flights using discounted mileage rates of up to 50%, subject to seat availability.

Asian stocks retreat as oil rises above $100 and investors reassess global rate risks

Oct 7, 2026

Asian stocks retreat as oil rises above $100 and investors reassess global rate risks

Asian equities weakened on Wednesday despite another record-setting session on Wall Street, as rising oil prices and renewed concerns over global bond yields offset optimism about corporate earnings and AI-related growth. The MSCI Asia-Pacific index excluding Japan fell about 0.5%, while Hong Kong and Singapore declined and technology shares in South Korea also came under […]

Hong Kong tech index to harness fast-growth companies in bid for better performance

Oct 7, 2026

Hong Kong tech index to harness fast-growth companies in bid for better performance

Hong Kong’s stock index compiler will add 10 fast-growing companies with at least HK$500 million (US$64 million) in annual sales into the city’s technology-focused benchmark in a bid to revitalise an index that has missed out on artificial intelligence-driven gains. The threshold is among a set of new measures Hang Seng Indexes Company will use to reform the Hang Seng Tech Index, which is referred to as Hong Kong’s answer to the Nasdaq but has lost its shine relative to global peers, falling 23...

EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?

Oct 7, 2026

EXPLAINER: What are the banking terms mentioned in VP Sara Duterte's impeachment trial?

The Senate impeachment court in its 35th day is still discussing the alleged unexplained wealth of Vice President Sara Duterte, with present discussions focusing on her and her husband"s bank accounts. The House prosecution panel presented representatives from various banks to testify on the matter. They were also asked to submit bank documents that confirm the bank accounts of the couple. Some terms mentioned may sound technical especially to those who are not familiar with the banking process.

Peso strengthens on lower unemployed data, closes at P62.75:$1

Oct 7, 2026

Peso strengthens on lower unemployed data, closes at P62.75:$1

The Philippine peso rallied against the US dollar on Wednesday amid positive sentiments arising from low unemployment figures.

Recommended