DFI Retail sells stake in Maxim’s in return for Starbucks business, US$340m

Telecommunications firm Globe Telecom Inc. has secured a positive assessment from global investment bank Morgan Stanley ahead of Mynt's initial public offering.

Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM). By deal count, the combined total of 114 new listings on the main board and...

Hong Kong’s efforts in advancing the city’s innovation and technology (I&T) industry have been highlighted in a number of international surveys in recent years. One of the most recent was the International Institute for Management Development’s “World Competitiveness Ranking 2026”, which placed Hong Kong second among 70 economies worldwide. The city is also part of the Shenzhen-Hong Kong-Guangzhou innovation cluster, which retained first place globally in the World Intellectual Property...

Health plan provider Intellicare on Wednesday said it paid out P9.35 billion in healthcare benefits and claims in the first half of 2026.

The National Food Authority (NFA) on Wednesday said it is expanding its warehouse capacity in Tarlac to allow the agency to procure more palay (unhusked rice) from local farmers.

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. As Chinese carmakers diversify beyond CATL, Beijing warns of market overreaction A publication under China’s industry ministry has pushed back against market chatter of “de-CATLisation” as a growing number of the battery giant’s automotive partners diversify their suppliers, with the...

Mainland China-based printed circuit board (PCB) maker Suzhou Dongshan Precision Manufacturing has cleared its final listing hurdle in Hong Kong and is moving towards a share sale that may rank among the city’s largest initial public offerings (IPOs) in the fourth quarter, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) recently, the people said, requesting anonymity because the information was...

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The Philippine Economic Zone Authority (PEZA) and Aboitiz Economic Estates are expanding an investor-support initiative aimed at helping businesses navigate registration and other requirements for setting up operations in economic zones.

Mainland Chinese and Hong Kong stocks may face a challenging fourth quarter as investors contend with underwhelming stimulus measures from Beijing, tighter financial conditions in the US and a shift in the narrative around the artificial intelligence trade, according to analysts. The two markets were likely to consolidate through the rest of the year as investors digest the negatives before settling on a clearer direction, according to brokerages including Zheshang Securities and CCB...

The Philippine trade deficit narrowed to a 15-month low in August 2026 as imports declined from the previous month while exports climbed, preliminary government data released on Wednesday showed.

Yi Huiman, the former chairman of China’s securities regulator, has been formally prosecuted for allegedly accepting “especially large” bribes, as Beijing presses ahead with a sweeping anti-corruption campaign in the financial sector. Prosecutors in the eastern city of Qingdao recently filed a case against Yi with the Qingdao Intermediate People’s Court after an investigation by the National Commission of Supervision, state-owned Xinhua News Agency said on Wednesday. Yi allegedly used his...