AIIB plans to double financing by 2030. Can it bridge Asia’s infrastructure gap?

China’s top intelligence and security agency on Monday issued a stark new warning on the risks of cryptocurrencies, highlighting their role in crime and stressing that transactions are not anonymous. Here are three things to know about the fresh warning from the Ministry of State Security (MSS) and China’s latest stance on virtual assets. What did the ministry say about cryptocurrencies? Virtual currencies facilitated money laundering activities and cyberattacks, and served as “accomplices” in...

Telecommunications firm Globe has posted its strongest network performance so far this year in August, recording its highest overall score and fastest average download speed in the latest Telco Report Card of the Department of Information and Communications Technology (DICT).

Overall vehicle sales declined in August due to adverse weather conditions, but the share of electric vehicles increased, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.

Chinese electric vehicle (EV) maker Nio has deepened its partnership with Zhejiang Geely Holding Group after agreeing to sell a stake in its battery swap subsidiary to the automotive conglomerate in a deal that values the unit at 16 billion yuan (US$2.4 billion). Geely Holding, controlled by Chinese billionaire Li Shufu, would pay 640 million yuan in cash and contribute its wholly owned battery-swapping unit Yiyi Internet Technology in exchange for a 30 per cent share in Nio Power, Nio said in a...

Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite. Markets opened the week on a sombre note, with the CSI 300 Index dropping 2.2 per cent to close at a level not seen since August 21 last year. The chip-heavy Star Market 50 index tumbled 4.1 per cent, capping its steepest single-day decline in five weeks and closing in on the...

Overseas Filipinos have shown interest in the upcoming initial public offering of Mynt, the parent company of GCash.

Motorists will get a reprieve this week, as fuel retailers on Monday announced pump price rollbacks after three straight weeks of major hikes.

Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in the city, the people said, requesting anonymity because the information is private. According to...

[The content of this article has been produced by our advertising partner.] Global markets have rarely lacked opportunity, but the conditions affecting them have become far more difficult to read. Geopolitical tensions and rapid technological change can reshape both investment and business outlooks. For high-net-worth (HNW) individuals, returns obviously remain important, but they are increasingly considered alongside institutional strength, regulatory stability and the ability to keep long-term...

The Bureau of Internal Revenue (BIR) has issued a circular implementing the renewed excise tax break on liquefied petroleum gas (LPG) and kerosene, less than three months after it was lifted, as crude oil prices breached the threshold for tax relief again amid the conflict in the Middle East.

This note examines how different climate transition pathways affect firm-level credit risk across ASEAN+3 economies, using 12-month probabilities of default as a measure of credit risk. It compares outcomes under Nationally Determined Contributions and net-zero 2050 scenarios against current policy baselines, revealing sector-specific and country-specific variations. The findings show that transition risk is highly heterogeneous, […]

Several Chinese mutual funds investing in US stocks have warned investors about risks associated with hefty premiums to their net asset values, highlighting persistent demand for US equities even after Beijing expanded quotas for outbound investment. At least six fund houses, including China Asset Management, Hua An Fund Management and China Universal Asset Management, issued warnings last week after the market prices of some of their funds rose substantially above their net asset values,...