Hong Kong has retained its status as Asia’s top financial hub for a fourth consecutive edition of the Global Financial Centres Index (GFCI), even as many of the world’s leading centres saw their scores slip slightly amid rising geopolitical headwinds. The city also ranked third globally in the 40th edition of the twice-yearly report, released on Wednesday amid a remarkably tight race at the top of global finance. Hong Kong scored 756, just one point behind London on 757 and a point ahead of...

With a US interest rate increase almost a done deal, investors are now trying to figure out whether it would be a one-off move or the start of a fresh tightening cycle, while also bracing for a borrowing-cost increase in Japan, which is highly likely and may jolt capital flows. As the odds of a 25 basis-point rate increase at the US Federal Reserve’s policy meeting on Thursday have risen to 92 per cent, stock traders have shifted the focus to whether the world’s biggest central banks would...

The BRICS summit in New Delhi has produced a joint declaration calling for maximum restraint and diplomatic efforts to address the escalating Middle East conflict, while members also criticised unilateral tariffs and other trade measures.

LTFRB to make recommendation on possible fare hike next month

The Bases Conversion and Development Authority (BCDA) has signed a memorandum of understanding (MOU) with Standard Chartered Bank to conduct feasibility studies for potential projects in the Clark Freeport Zone in Pampanga and New Clark City in Tarlac.

The Philippines is looking to deepen trade and investment ties with its ASEAN neighbors as it pushes regional cooperation to support supply chains, emerging industries and digital businesses.

MANILA, Philippines — Money sent home by Filipinos abroad rose to a seven-month high in July, offering a lifeline to households grappling with higher consumer prices and providing a steady source of support for the economy during a difficult period. Cash remittances coursed through banks rose 1.9 percent from a year earlier to $3.2 billion, the

MANILA. Philippines — The Philippine peso edged ever closer to the 63-per-dollar threshold on Tuesday, battered by a resurgent greenback as rising US Treasury yields gave dollar bulls fresh reason to pile in. The local currency opened at 62.90 against the greenback before recovering to 62.835 by the close, up 2.5 centavos from its previous finish,

MANILA, Philippines — India’s largest airline plans to take the Mumbai-Manila route first once it secures approval for its Philippine entry, as it seeks to strengthen air connectivity between some of the two countries’ largest economic hubs. According to the Department of Trade and Industry (DTI), low-cost carrier IndiGo is already evaluating the prospects of

MANILA, Philippines — Geopolitical tensions, cyberattacks and global supply chain disruptions are among the key risks financial institutions are watching closely, a central bank-led government group said. The risks were identified in the annual Survey of Salient Risks by the Financial Stability Coordination Council (FSCC), which gathers views on threats that could affect the financial system