How Asia-Pacific property markets are drawing fresh capital despite US rate uncertainty
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...
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DOLE: P60 wage hike in NCR takes effect Sept. 26
The Department of Labor and Employment on Saturday said the P60 daily wage hike in the National Capital Region has taken effect starting September 26, 2026.
China’s biotech firms move up value chain as drug deals evolve beyond licensing: analysts
Chinese biotech deal making is moving beyond the licensing of individual drug candidates, as the country transforms from a follower to a global innovation leader, according to analysts. The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion. InnoCare said it would use its...
How China’s Innovation Drives the Transformation of Thailand’s Economy
The Thailand-China economic relationship is shifting from trade volume and manufacturing relocation toward direct technology transfer, with Chinese firms embedding AI, robotics, and digital infrastructure into Thailand's industrial base.
DA, hog industry seek higher pork tariffs as farmgate prices plunge
Agriculture Secretary Francisco Tiu Laurel Jr. said Friday that the Department of Agriculture is considering higher pork tariffs as local hog raisers struggle with falling farmgate prices amid rising imports and pork inventories.
Boracay's first hotel-casino says 40% of workers are Aklanons
KABAN Hotel and Casino, the first hotel-casino in world-famous Boracay Island, is prioritizing local hiring, with Aklanons accounting for about 40% of its workforce.
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.
