MANILA, Philippines — The Philippines has the potential to grow by an average of 5.8 percent a year from 2026 through 2035, according to DBS Bank Ltd., though it warned that the country’s heavy reliance on imported energy could weigh on that expansion. In a report copublished with Bain & Company and Vriens & Partners,

MANILA, Philippines — Toyota Motor Philippines Corp., is questioning the exclusion of hybrid electric vehicles (EVs) from the 7,500 new ride-hailing slots in Metro Manila opened by the Land Transportation Franchising and Regulatory Board (LTFRB). Under Memorandum Circular No. 2026-084, which took effect on Aug. 27, the LTFRB allocated additional Transport Network Vehicle Service (TNVS) slots

MANILA, Philippines — Production of palay (unmilled rice) and corn could post double-digit declines this third quarter, according to the latest estimates of the Philippine Statistics Authority (PSA), with smaller harvest areas expected to gnaw on output. Based on standing crops as of Aug. 1, the PSA estimated palay production in the July-to-September period at 3.19

MANILA, Philippines — An increase in excise tax on sweetened beverages, alcohol and tobacco could push inflation to as high as 4.5 percent in 2027, adding to price pressures as the country continues to grapple with the oil shock fallout. This is according to Chinabank Research’s latest commentary, which said the tax increases proposed by the

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing a more streamlined process for disciplining errant banks and their directors, officers and employees, with penalties ranging from reprimands and fines to suspension, removal from office and disqualification. The BSP is collecting comments from stakeholders on a draft circular that will spell out how the

The expression “Keep it simple, stupid (Kiss)” has been the advocacy of the Federation of Philippine Industries (FPI) in addressing the dangerous problem of substandard products, especially steel bars. Given climate change, this has become urgent; though some at the Department of Trade and Industry (DTI) favor this, such as Assistant Secretary Regino Mallari, others

MANILA, Philippines — The success of GCash parent Mynt Inc.’s blockbuster initial public offering (IPO) should not be judged by whether it fetches the maximum P10-per-share price, as the quality of investors and demand after listing may prove more important. Capital market expert Jonathan Ravelas said the P10 maximum offer price in Mynt’s regulatory filing

MANILA, Philippines — Alternergy Holdings Corp., a listed renewable energy company, is making its debut in the debt market to raise P2 billion, as it rolls out more clean power facilities. The company on Wednesday said its board of directors had given the go-ahead to issue green fixed-rate notes worth P2 billion. READ: Alternergy inks

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) is bringing in one of Asia’s oldest banks to scout investment and financing opportunities across its Clark properties, which form part of the foreign-backed Luzon Economic Corridor. Under a memorandum of understanding, Standard Chartered Bank Philippines—the first foreign bank established in the country—will jointly study with

MANILA, Philippines — SM Prime Holdings Inc. has renewed its nearly two-decade partnership with World Wide Fund for Nature-Philippines (WWF-Philippines) to strengthen marine conservation efforts at Hamilo Coast in Nasugbu, Batangas. SM Prime said on Wednesday that, through leisure resort residences developer Costa del Hamilo Inc. (CDHI), it entered the fifth phase of the Hamilo Coast

MANILA, Philippines — Filinvest Group has tapped the green mobility subsidiary of Manila Electric Co. (Meralco) to equip its properties with solutions supporting electric vehicles (EVs). In a statement on Wednesday, Movem Electric Inc. said the partnership would cover the deployment of EV requirements across Filinvest’s commercial, residential and office developments. READ: Toyota cautious but

MANILA, Philippines — Grab is deepening its push into financial services with a $1.49-billion deal to acquire a controlling stake in Atome Financial, the Singapore-based buy now, pay later (BNPL) fintech that operates in the Philippines and four other Southeast Asian markets. On Tuesday, Grab said it would acquire a 60-percent equity interest in Atome Financial

Stocks in Hong Kong and mainland China fell on Thursday, after the US Federal Reserve raised interest rates for the first time in three years and signalled that further tightening remained on the table. The benchmark Hang Seng Index fell 1 per cent to 24,470.74 as of 10.37am local time. The Hang Seng Tech Index lost 1.3 per cent. Rate-sensitive stocks such as property developers and gold producers led the decline. On the mainland, the CSI 300 Index slipped 0.2 per cent, while the chip-heavy Star...

Gold prices bounced back after the US Federal Reserve’s interest rate increase, as analysts and investment banks maintained a positive long-term outlook for the metal, citing structural challenges facing the world’s largest economy. Spot gold traded at US$4,288 an ounce on Thursday morning in Asia, after diving as much as 2.7 per cent to US$4,234 at 3am in Hong Kong on Thursday. The US central bank announced a widely expected 0.25 percentage-point rate rise early on Thursday, its first in three...

Hong Kong stocks could face greater volatility from renewed US monetary tightening, but the impact should be short-lived unless the Federal Reserve embarks on a sustained rate-increase cycle, according to China International Capital Corporation (CICC). The Fed rate increase would not necessarily spell losses for Hong Kong stocks, as monetary conditions were only one of several factors driving the market, said Liu Gang, chief offshore China and overseas strategist and managing director at CICC...

The Hong Kong dollar may come under pressure against the US dollar after the first interest rate rise in three years, but the city does not face a heightened bad-debt risk despite higher borrowing costs, according to the head of the de facto central bank. Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said the US Federal Reserve’s rate rise on Thursday would widen the gap between the market interest rates of the US dollar and the Hong Kong dollar, encouraging more carry...

Thailand seeks Trump meeting to unlock trade deal as US tariff pressure remains high Thailand has proposed a meeting between Prime Minister Anutin Charnvirakul and US President Donald Trump in New York on September 17 or 18, with bilateral trade negotiations and tariff rates at the centre of the agenda. Commerce Minister Suphajee Suthumpun said […]

MANILA, Philippines — Local stocks fell below the 6,000 level on Wednesday as investor fears of sluggish local economic growth and geopolitical conflicts deepened. The Philippine Stock Exchange Index (PSEi) plunged by 1.51 percent, or 90.84 points, to close at 5,916.94. READ: GDP growth seen to underperform target The broader All Shares also fell by

[The content of this article has been produced by our advertising partner.]  NEW YORK – SEPT. 16, 2026 – Prometheum Inc. (“Prometheum”), a market infrastructure provider for crypto assets, today announced that its subsidiary Prometheum Capital LLC (“Prometheum Capital”), an SEC-registered, FINRA member crypto asset custodian and clearing broker-dealer, has signed a binding memorandum of understanding (“MOU”) with HashKey Digital Asset Group Limited (“HashKey”) and Velocity Capital, LLC...

Chinese artificial intelligence developer Z.ai has raised its year-end annual recurring revenue (ARR) outlook by 25 per cent to US$3 billion, as the firm indicated its fresh US$5 billion war chest had helped clear its computing capacity bottlenecks for the time being. The updated ARR projection, up from a previous estimate of about US$2.4 billion, was disclosed during an investor call on Wednesday, according to a transcript seen by the South China Morning Post. The revised guidance comes days...

China is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares are released for trading, after the expiry of a similar lock-up period for shares in fellow AI chip firm Moore Threads last week sparked an avalanche of sales that wiped nearly 49 billion yuan...

China’s Moonshot AI has attracted global investor interest spanning Europe, Asia and the Middle East, people familiar with the matter say, as international capital scrambles for access to Chinese frontier artificial intelligence labs, betting on their high-stakes race against US rivals. The Beijing-based developer of the Kimi family of AI models has seen mounting interest from overseas players ranging from European investment firms to Middle East family offices, with some seeking indirect...

A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors. John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed. The price for the four-bedroom flat, which has a saleable area of 2,888 square feet,...

The Philippine peso appreciated against the US dollar for the second straight trading day on Wednesday, as global crude oil prices eased following reports indicating higher energy inventories in the United States.

European Commission President Ursula von der Leyen said the European Union is opening the door for Canada to become the first associate member, a status that does not exist under the bloc's treaties.

The US Senate’s rejection of the Clarity Act – a landmark bill meant to regulate cryptocurrency market structure – has opened a window for Hong Kong to accelerate its digital asset ambitions, industry insiders say, even as the sector remains mired in a slump after a brief rally last month. Beijing’s ban on crypto remains in force in mainland China, but Hong Kong has received approval to develop itself as a digital asset hub, with the stalled push in Washington presenting the city with what...

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. Market squeeze: Tesla revives China price cuts to stem slumping deliveries Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world’s largest market for electric vehicles (EVs). 2. ‘Key pillar’:...

After the price of Dubai crude oil breached the $80-per-barrel threshold, Malacañang on Wednesday assured there are adequate supplies of fuel but has yet to issue a decision on the possible suspension of the excise tax.

China’s contributions and leadership were of considerable value to the revision of new International Organization for Standardization (ISO) standards for artificial intelligence, intelligent transport systems and cybersecurity, according to the global body. The ISO made the comments as it released ISO 9001:2026 on Wednesday, which is the first major revision to ISO 9001 – an international benchmark for quality management – in a decade, it added. ISO Secretary-General Sergio Mujica told the South...

The estimated production of palay (unhusked rice) and corn may decline in the third quarter of 2026 compared with the same period last year, the Philippine Statistics Authority (PSA) said.