Business & CompaniesPhilippines
Meralco distribution rate increase approved, billing date unclear
The regulator set the average distribution rate at ₱1.48 per kilowatt-hour, but the effect on residential customers has yet to be determined.
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- Banking & FintechVietnam
Ho Chi Minh City proposes UK partnership to advance financial centre
Municipal and project bonds are among the planned first products as the centre moves towards substantive operations.
Marcos looks to Singapore to advance ASEAN digital pact in 2027
ASEAN is expected to sign the Digital Economy Framework Agreement in November, with AI among Marcos’s priorities for its implementation.
- EconomyMalaysia
Malaysia’s Budget 2027 draws support, with caution over deficit reduction
Banks welcomed household and investment measures, while Moody’s warned that extra support and pre-election spending pressures could slow fiscal consolidation.
- EconomyPhilippines
PEZA forecasts investment approvals above ₱311 billion record
Four major projects are in the pipeline, including three in New Clark City and a Japanese electronics firm's planned investment in Laguna.
- EconomyIndonesia
Bank Indonesia ready to step up intervention to support rupiah
Governor Destry Damayanti said global uncertainty remained the main source of pressure, while domestic conditions had become more manageable.
- MarketsPhilippines
Philippines raises ₱167.25 billion in retail bond sale
The offering exceeded a ₱150 billion launch projection, with the bonds carrying a 6.875 per cent coupon.
- Business & CompaniesPhilippines
MPIC lifts Meralco stake to 49.4% after ₱12.4 billion deal
San Miguel Global Power plans to direct proceeds from the share sale towards renewable energy projects.
- Business & CompaniesSingapore
ST Engineering opens S$170 million aircraft maintenance site at Changi
The facility is expected to reach full operations by the end of 2027, increasing the company’s Singapore wide-body maintenance capacity by 40 per cent.
- EconomyVietnam
Vietnam receives investment-grade rating after R&I upgrade
R&I raised the foreign-currency issuer rating to BBB- with a Stable Outlook, citing growth prospects, reforms and room for public investment.
