New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its flagship 11 Skies mall project. Echo Huang, the firm’s chief executive, said at a Wednesday earnings briefing that the group had “met its targets over the past 18 months”, including focusing on its property business, improving cash flow and enhancing operating efficiency. NWD will...

Maxim’s Caterers has struck a deal to buy back its shares from DFI Retail Group for US$340 million plus control of its licensed Starbucks business, according to an exchange filing released on Wednesday. The deal will mark the start of a fresh chapter for Maxim’s, bringing an end to decades of part ownership by the conglomerate Jardine Matheson, which owns DFI Retail. Jardine Matheson bought a 50 per cent interest in Maxim’s in 1972, before transferring the stake to Dairy Farm, now known as DFI...

Experts called on companies in the country to rethink preparing workers to cope with the rising artificial intelligence (AI) adoption and overseas migration.

Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers were named on Tuesday as part of the third batch of mandates awarded under the Monetary Authority of Singapore’s (MAS)...

The Philippine government"s outstanding debt hit a new record high of P19.606 trillion as of the end of August, up 1.12% from the previous month, the Bureau of the Treasury (BTr) reported.

Thailand’s flooding has moved from a regional disruption to a direct hit on two major pillars of the economy: automotive manufacturing and air cargo

The Philippines fell two spots in a global ranking of economies based on their innovation capabilities, according to this year"s Global Innovation Index (GII) released by the World Intellectual Property Organization (WIPO).

Telecommunications firm Globe Telecom Inc. has secured a positive assessment from global investment bank Morgan Stanley ahead of Mynt's initial public offering.

Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM). By deal count, the combined total of 114 new listings on the main board and...

Hong Kong’s efforts in advancing the city’s innovation and technology (I&T) industry have been highlighted in a number of international surveys in recent years. One of the most recent was the International Institute for Management Development’s “World Competitiveness Ranking 2026”, which placed Hong Kong second among 70 economies worldwide. The city is also part of the Shenzhen-Hong Kong-Guangzhou innovation cluster, which retained first place globally in the World Intellectual Property...

Health plan provider Intellicare on Wednesday said it paid out P9.35 billion in healthcare benefits and claims in the first half of 2026.

The National Food Authority (NFA) on Wednesday said it is expanding its warehouse capacity in Tarlac to allow the agency to procure more palay (unhusked rice) from local farmers.

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. As Chinese carmakers diversify beyond CATL, Beijing warns of market overreaction A publication under China’s industry ministry has pushed back against market chatter of “de-CATLisation” as a growing number of the battery giant’s automotive partners diversify their suppliers, with the...

Mainland China-based printed circuit board (PCB) maker Suzhou Dongshan Precision Manufacturing has cleared its final listing hurdle in Hong Kong and is moving towards a share sale that may rank among the city’s largest initial public offerings (IPOs) in the fourth quarter, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) recently, the people said, requesting anonymity because the information was...

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The Philippine Economic Zone Authority (PEZA) and Aboitiz Economic Estates are expanding an investor-support initiative aimed at helping businesses navigate registration and other requirements for setting up operations in economic zones.

Mainland Chinese and Hong Kong stocks may face a challenging fourth quarter as investors contend with underwhelming stimulus measures from Beijing, tighter financial conditions in the US and a shift in the narrative around the artificial intelligence trade, according to analysts. The two markets were likely to consolidate through the rest of the year as investors digest the negatives before settling on a clearer direction, according to brokerages including Zheshang Securities and CCB...

The Philippine trade deficit narrowed to a 15-month low in August 2026 as imports declined from the previous month while exports climbed, preliminary government data released on Wednesday showed.

Yi Huiman, the former chairman of China’s securities regulator, has been formally prosecuted for allegedly accepting “especially large” bribes, as Beijing presses ahead with a sweeping anti-corruption campaign in the financial sector. Prosecutors in the eastern city of Qingdao recently filed a case against Yi with the Qingdao Intermediate People’s Court after an investigation by the National Commission of Supervision, state-owned Xinhua News Agency said on Wednesday. Yi allegedly used his...

Services of GCash, operated by G-Xchange Inc. (GXI), have been restored as of Wednesday noon, the mobile wallet operator announced.

China’s corporate sector remains considerably weaker than it was before the Covid-19 pandemic, but the country is emerging as a key beneficiary of the global artificial intelligence boom thanks to its ample power capacity, according to a Natixis survey of thousands of firms and a separate research report. Profit margins at Chinese firms had stabilised at about 4.5 per cent for the first half of 2026, but remained well below the nearly 9 per cent recorded by their global peers, according to the...

A total of 29 farm-to-market roads (FMR) across the Mimaropa region are set to be built, with a total funding of P430 million, the Department of Agriculture (DA) said.

USD to THB exchange rate stands at 33.40. Thailand's central bank maintained interest rates at 1.00% in 2026, supporting economic stability. Global factors and tourism influence currency fluctuations; travelers should compare exchange rates before converting money.

The Department of Labor and Employment (DOLE) has set the pay guidelines for work rendered on November 16 to 18, 2026, which have been declared as special non-working days in the National Capital Region in connection with the country's hosting of the 49th ASEAN Summit.

HSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kong’s biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining. When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC’s Hong Kong mobile banking app, HSBC said. The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than...

Long before she started steering the investment portfolios of some of Asia’s most prominent families, Jin Yee Young was professionally trained to make the best moves in an exacting, high-pressure environment far from the world’s financial markets. “I used to be a competitive gymnast, and had the honour of representing Singapore in two Southeast Asian Games,” she says. Her sport, rhythmic gymnastics, where competitors perform on a mat with a hoop, ball, clubs, ribbon and rope, requires precision,...

The National Telecommunications Commission (NTC) is eyeing to issue rules and regulations governing the sale of used mobile phones, tablets, and other gadgets.

Inflation could accelerate to as high as 7.4% this month, mainly due to weather disturbances affecting agricultural prices, higher pump prices and the depreciation of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.

GCash, the e-wallet platform operated by G-Xchange Inc. (GXI) and used by more than 90 million users, is currently unavailable as of Wednesday morning.

The Department of Labor and Employment (DOLE) released Wednesday the pay rules for regular holidays and special (non-working) days for 2027.