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Thirty-three percent of Filipinos expect the Philippine economy to improve in the next 12 months, the Social Weather Survey conducted from June 20 to 29 showed.

MANILA, Philippines — The Visayas grid was placed on yellow alert Monday afternoon as outages and higher demand squeezed reserves, raising the risk of power interruptions for households. In an advisory, the National Grid Corp. of the Philippines (NGCP) said the yellow alert would be in effect from 4 p.m. to 8 p.m. READ: Power

New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the...

The Hong Kong stock exchange has proposed easing requirements for listed companies to disclose corporate transactions and seek shareholder approval, while also making it easier for issuers to spin off businesses, according to a consultation paper released on Monday. The 10-week consultation, which runs until November 30, proposes removing the profit test currently used to determine whether a transaction requires disclosure or shareholder approval. Companies would instead use market...

Hong Kong is strengthening its position as Asia’s hub for family business succession and cross-border capital allocation as wealthy families navigate economic uncertainty and a generational transfer of wealth, financial regulators and industrial executives said on Monday. Speaking at the South China Morning Post’s Redefining Hong Kong: Next Generation Wealth Conference, Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim highlighted what he described as the city’s unique...

House Committee on Energy chairperson Jose Alvarez called the attention of the Department of Energy (DOE) to the frequent power outages in the Visayas region due to tight energy supply.

US-China biotech deals are expected to thrive because Washington is reportedly leaning away from sweeping restrictions, according to analysts, giving Chinese healthcare firms a major boost following Beijing’s ambitious five-year plan for the sector. Out-licensing deals between China and the US would “ride on a high tide” in the favourable environment, said Nomura’s head of China healthcare research Jialin Zhang, in a research note on Sunday. The US Treasury Department was drafting investment...

The Philippine peso depreciated against the US dollar for the second straight trading day on Monday, as the greenback was buoyed by hawkish statements of US Federal Reserve officials.

Cybercrime Investigation and Coordinating Center Executive Director Atty. Renato “Aboy” Paraiso has urged the public to be vigilant against scammers amid the planned maiden listing of fintech giant Mynt Inc., the parent company of GCash, on the local bourse

The Bases Conversion and Development Authority (BCDA) is expected to finalize the terms for the bidding of the remaining four hectares of the Market! Market! property by the first quarter of 2027, a top official said Monday.

Motorists will again have to pay more for petroleum products this week, as oil firms announced another round of price increases, marking the third consecutive week of major upward adjustments.

Investors in Asia are demanding clearer evidence that artificial intelligence can translate into revenue and earnings, rather than simply seeking exposure to the technology, as the sector moves into a more mature phase, according to Chris Oberoi, head of Asia-Pacific research at Bank of America (BofA) Global Research. “The issue increasingly is: does it add to productivity, and is it being monetised,” Oberoi said. “And the answer is, ‘absolutely yes’.” Separately, President Xi Jinping and US...