Asia-Pacific hotels a ‘most compelling’ investment amid travel growth, flat supply: CBRE
Investor appetite for hotel assets increased in Hong Kong and the wider Asia-Pacific region in the first half of the year as consumers showed growing eagerness to travel and constrained supply supported property values, according to CBRE. The region netted US$8 billion of investment in the period, up 21 per cent from a year earlier, with Japan, mainland China and South Korea attracting the most activity, the property consultancy said in a report on Thursday. “Hotels have become one of the most...
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Chinese RISC-V chipmaker Eswin seeks US$300m in Hong Kong IPO ahead of October debut
Beijing Eswin Computing Technology will start soliciting orders from institutional and public investors on Monday ahead of its Hong Kong initial public offering (IPO), aiming to raise around US$300 million, according to people familiar with the matter. The Chinese chipmaker had already started gauging investor interest, with trading expected to start on October 8, said one of the people, who asked not to be identified due to the sensitivity of the issue. The Beijing-headquartered company had...
DOTr approves LTFRB fare hike recommendation for PUVs
Acting Transportation Secretary Giovanni Lopez has approved the recommendation of the Land Transportation Franchising and Regulatory Board for the implementation of fare hikes for public utility vehicles that were approved in March.
Why Hong Kong banks have shut down 40% of branches in recent years
New York may be known as the city that never sleeps, but many Hongkongers like to take care of banking transactions at 2am – a truth that helps explain why 40 per cent of physical branches have disappeared in recent years, according to local bank executives. While the number of Hong Kong licensed banks had remained stable around 150 for many years, the number of bank branches had dropped 40 per cent to about 900 from 1,500 in recent years, said Sunny Cheung, CEO of Shanghai Commercial Bank. “[In...
'Borrow with dignity': Martha Sazon's call at UN Summit earns Mynt IPO global spotlight
The call of Mynt president and CEO Martha Sazon for Filipinos to be allowed to “borrow with dignity” has placed financial empowerment at the center of the company"s global narrative at a pivotal moment.
Marcos suspends excise tax on LPG, kerosene
President Ferdinand "Bongbong" Marcos on Friday ordered the suspension of the collection of excise tax on liquefied petroleum gas (LPG) and kerosene.
Peso climbs to P62.465:$1
The Philippine peso appreciated against the US dollar on Friday, in anticipation of the seasonal increase in remittances during the last three months of the year.
IMF downgrades Philippine growth forecasts anew amid economic challenges
The International Monetary Fund (IMF) on Friday again downgraded its growth forecasts for the Philippines, citing the weaker-than-expected performance in the second quarter and the slow rebound in public spending amid the flood control corruption scandal.
Prime Minister Anutin Congratulates Nene Royal on ‘AGT’ Triumph
A day post-victory on America's Got Talent, Nene Royal receives widespread acclaim, including commendation from Prime Minister Anutin.
PH shares snap 5-day losing streak; PSEi back above 5,800 level
Philippine share prices closed in the green on Friday, snapping a five-day losing streak, as investors hunted for bargains following a week-long decline in stock prices.
PAL to launch nonstop Manila-Delhi, Manila-Mumbai flights in December 2026
PAL said the plan is still “subject to Indian Government approval.”
Mooncakes for the dog? How China is reinventing its iconic festive snack
Mooncakes, a sweet staple for China’s annual Mid-Autumn Festival, are not just for people any more. Humans are pulling back, but dogs are digging in. So are cats. Pet mooncakes are popping up across China, from major retailers such as Sam’s Club to online stores and small bakeries. And many are quickly selling out. In the southwestern metropolis of Chengdu, a pack of pet mooncakes selling online for about 50 yuan (US$8) has racked up thousands of sales, news outlet thecover.cn reported. In the...
