International news
News from wire services and other publishers.
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DOLE releases 2027 holiday pay rules
The Department of Labor and Employment (DOLE) released Wednesday the pay rules for regular holidays and special (non-working) days for 2027.
Looming interest rate rises will not hit Hong Kong as hard as 2022: analysts
Hong Kong looks set to be hit by a wave of interest rate rises in the coming months, but the city’s property market is unlikely to suffer the same level of damage seen during the last rate cycle in 2022 and 2023…
Expanded GCash services for underserved, unbanked Filipinos seen with Mynt IPO
Additional resources to expand digital financial services for underserved and unbanked Filipinos are expected from the initial public offering of Mynt, the parent company of GCash.
Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities
Governor of the Bank of Thailand and financial service providers developed a framework to prevent financial sector exploitation for illegal activities, promoting stability, security, and protection for legitimate…
Robinhood to allow 24-hour weekend trading of US stocks as industry shifts to wider access
The Nasdaq and the London Stock Exchange are planning to extend trading hours as well
Hong Kong’s executives are ‘ill prepared’ for AI era, report finds
Executives at Hong Kong’s largest listed companies have a severe lack of technological expertise, with fewer than 1 per cent of directors possessing dedicated artificial intelligence or cybersecurity skills, according…
Thailand to Tighten Oversight of App-Based Ride-Hailing Services
Thailand's Ministry of Transport will intensify enforcement of ride-hailing regulations starting October 1, targeting eight platforms including Grab, Bolt, and LINE MAN
AI uptake sees wealth management headcounts in Hong Kong trail growth in assets
Hong Kong has seen strong growth in private wealth assets, but the industry has not yet seen the same scale of hiring, as private banks and wealth management companies have adopted technology including AI to serve…
US Fed’s Williams sees no urgency for next rate hike
Fed officials are increasingly worried inflation will not get back to target in a timely manner
Alternergy raises P2 billion from maiden notes issue
Alternergy Holdings Corp. has wrapped up its maiden venture into the local debt market, raising P2 billion through the issuance of fixed-rate notes that drew strong investor demand.
