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, […]
Read full articleRainfall and flooding in Bangkok could disrupt travel. Airports are operational; travelers should monitor updates and allow extra time.
Last week, the president of the United States stood at the podium of the United Nations General Assembly and asked aloud whether he should “annihilate the Islamic Republic and do it quickly”. Donald Trump then turned to Venezuela’s oil and declared: “To the victor belong the spoils, you’ve all heard that …” He spoke as the Iran war neared its eighth month, a week after the UN Human Rights Council found “reasonable grounds to believe” that the US had committed war crimes. In the same speech,...
TAT promotes "Healing is the New Luxury" in Japan, focusing on wellness, culture, and immersive travel for high-value tourists.
Hong Kong developers have already sold all of the more than 290 new flats they launched over the weekend, as buyers look to lock in mortgages ahead of an anticipated rise in interest rates later this year, according to property agents. The decision by the city’s major banks to hold rates steady despite the US Federal Reserve’s recent rate increase appeared to have given buyers a push, with many expecting local rates to rise in the coming months, said Derek Chan Hoi-chiu, head of research at...
Public utility vehicles (PUVs) without a printed fare matrix posted inside their vehicles cannot implement the recently approved fare hike and may face penalties, the Alliance of Concerned Transport Organizations (ACTO) said Sunday.
International investors who have seen early signs of recovery in mainland China’s office and retail property markets are expected to start buying when oversupply concerns are eased, according to global real estate firm JLL. Stuart Crow, JLL’s CEO for capital markets in the Asia-Pacific region, said foreign institutions would fall back in love with mainland property assets when new supply was absorbed by fresh take-up. “International investors are waiting for the real economy to really absorb...
Senator Erwin Tulfo on Sunday said electric companies cannot recover the proposed removal of system loss charges through other means, such as disguising them as hidden line items on consumers' bills.
This paper examines a shift in global equity flows, highlighting that local factors now dominate over global ones in emerging markets, driven by investor sensitivity to local returns post-COVID. Structural Shifts in Global Financial Flows The question of whether the global financial cycle still predominantly influences capital flows to emerging markets is explored in this […]
Property markets in the Asia-Pacific region are likely to remain attractive despite heightened uncertainty over monetary policy after the US Federal Reserve delivered its first interest rate increase in more than three years this month, analysts say, with several asset classes and sectors expected to draw investor interest. “We’ve seen volumes, specifically cross-border volumes in the region, increase by around 30 per cent to date,” said Emily Fell, senior director for living sectors in...
A P42 increase in the daily wages of workers in Central Visayas will take effect on October 14, the Department of Labor and Employment announced on Sunday.
The government may lose more than P700 million monthly in collections after President Ferdinand “Bongbong” Marcos Jr. ordered the suspension of the excise taxes on liquefied petroleum gas and kerosene, the Bureau of Customs said on Sunday.
A total of P10.363 billion has been committed to modernize rice processing as the government seeks to ramp up rice procurement, the Department of Agriculture said.