Chinese maker of robot-vacuum sensors launches Hong Kong IPO, undeterred by US ban

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may cap its tightening cycle with one more rate hike to help weather volatility stemming from a hawkish US Federal Reserve (Fed). In a note to clients, economists at Australia and New Zealand Banking Group Ltd. (ANZ) said such a response is needed as the Philippines—much like

MANILA, Philippines — The Association of Southeast Asian Nations (Asean) has begun to lay down concrete projects that would anchor its landmark Digital Economy Framework Agreement (Defa), which is expected to come into force next year. The Singaporean government, which will lead the 11-member regional bloc next year as its chair, said projects that would define

MANILA, Philippines — The Philippine Statistics Authority (PSA) has secured the go-ahead from the Investment Coordination Committee-Cabinet Committee to move forward with its P2.48-billion project to upgrade the national ID system with the help of the private sector. The approval clears the way for the PSA to proceed to the procurement stage, where it will

MANILA, Global institutional investors are lining up for Mynt Inc.’s blockbuster initial public offering (IPO), boosting prospects for what could become the largest listing in Philippine history. According to a Bloomberg report, International Finance Corp., BlackRock, Capital Group and Schroders are among the investors seeking to participate in the offer. READ: GCash gets PSE approval

MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) has secured a $1-billion loan from Sy family-led BDO Unibank Inc. as it pushes ahead with an aggressive expansion drive at home and abroad. ICTSI disclosed the loan facility, which carries a tenor of 10 years, in a regulatory filing on Tuesday. READ: ICTSI H1 profit up

MANILA, Philippines — PLDT Inc.’s wireless arm Smart Communications Inc. expects its newly launched artificial intelligence (AI) platform to become a new revenue stream as it explores embedding the technology into e-commerce and other digital transactions. On Tuesday, Smart first vice president Lloyd Manaloto said AI.Smart had already attracted paying users following its soft launch,

MANILA, Philippines — Already the world’s largest free trade agreement, the Regional Comprehensive Economic Partnership (RCEP) is widening its ambitions as it prepares rules that could pave the way for five more economies to join the existing trade bloc. At the Asean meetings in Manila on Monday, RCEP ministers agreed to establish an ad hoc

MANILA, Philippines — A startup backed by Aboitiz Power Corp. is bullish about expanding its footprint outside the National Capital Region as new government rules eased the solar rooftop installation process, further triggering growth demand. Solviva Energy, a residential solar firm, seeks to also build its presence in Cebu and Davao as the market continues

MANILA, Philippines — A company that earns billions of pesos every year is usually considered successful. If its profits remain positive and return on equity (ROE) is respectable, we may assume that management is creating value for shareholders. But ROE can sometimes be misleading. Two companies may generate similar ROEs, yet shareholders may demand different

China’s edge in fast, cost-effective early clinical trials has propelled its emergence as a global biopharmaceutical powerhouse, but there is a risk that the United States could take steps to curb that advantage, according to analysts. US lawmakers and officials at the Food and Drug Administration (FDA) have raised the alarm about American pharmaceutical companies’ growing reliance on conducting early clinical trials in China, flagging the opaqueness of the process and the need to keep medical...

MANILA, Philippines — What’s hotter than the unnerving foreign exchange and bond price swings in the dealing room these days? It’s the chatter about this high-ranking treasury veteran who’s about to leave (or lose?) his post at a local bank. On one hand, the guy has told some people that he’s quitting because he will never

In June, Chinese regulators approved the world’s first CAR-T cell therapy for solid tumour cancers, developed by a drug company based in Shanghai. One month later, at a hospital in the city, a New Zealander with advanced cancer of the stomach and small intestine became the first international patient to receive the breakthrough treatment. Chimeric antigen receptor T-cell therapy, to give it its full name, is a cutting-edge treatment that, until then, had only been approved to treat blood...