Peso snaps two-day win-streak, falls to P62.735:$1

China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility and a broader boom in the ETF market. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading...

The planned initial public offering (IPO) of Mynt Inc., the parent company of GCash, has secured commitments from more than 20 global and domestic institutional investors.

With office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it has “no objection” to a request by some developers for a commercial project in the area to be rezoned for residential development. A consortium comprising CSI Properties, Asia Standard International and Chongqing-born property tycoon Cheung Chung-kiu has submitted an application to the Town Planning Board to rezone Harbourside HQ – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which...

Tencent Holdings on Thursday launched TenPayGo, a mobile payment app targeting foreign visitors, as the tech giant seeks to capture China’s growing inbound tourism market ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen. Developed by Tencent’s WeChat Pay team, TenPayGo allowed international travellers to make payments at tens of millions of shops, restaurants and attractions across the WeChat Pay network by linking their credit cards or their home-country digital wallets...

Toyota Motor Philippines Corporation (TMP) has reinforced its strategic position in the regional automotive landscape after being designated by Toyota Motor Asia (TMA) as the official regional training hub for Body, Paint, and Estimation (BPE) instructors across Asian affiliates.

The commemorative coin for the Peñafrancia Festival is now available online, the Bangko Sentral ng Pilipinas (BSP) announced on Thursday.

Razon-led Primelectric Holdings Inc."s Bohol Light Company Inc. and More Electric and Power Corp. (MORE Power) have secured separate Senate nods for its congressional franchises.

The inadvertent disclosure of confidential information by a Morgan Stanley employee this week alarmed Hong Kong’s banking industry, listed issuers and regulators, according to several sources familiar with the matter. An email sent by the Hong Kong-based employee on Tuesday afternoon included an attached file with details on more than 100 deals in the pipeline, including initial public offerings (IPOs), private equity arrangements, pension fund positions and other projects in Greater China,...

Millet is being eyed as a substitute to corn feed for animals to lower livestock production cost, the Department of Agriculture (DA) said.

A more than 1,700 per cent share-price surge by a new listing on the Shanghai Stock Exchange last week put a spotlight on a state-owned industrial compressor manufacturer, leading the bourse operator to intervene to curb speculative trading. ShenGu Group, a maker of centrifugal compressors in northeast China’s Liaoning province, grabbed headlines when its stock soared 1,216 per cent from its offer price two days after it began trading on September 17, with an intraday high on the second day of...

Thailand has announced the successful conclusion of negotiations for the ASEAN–Hong Kong Investment Agreement. This agreement will boost market access, create new investment opportunities in key industries, and strengthen business relations.

Five years after China pledged to stop building or financing new coal-fired power plants overseas, the country’s state sector has made “significant progress” towards meeting that goal, though private projects are still being developed, according to a new report. Two-thirds of China’s overseas coal power projects planned five years ago have since been cancelled, a 61.5-gigawatt (GW) cut in capacity that has saved 6.4 billion tonnes of “lifetime” carbon dioxide emissions, the study by a pair of...