Visayas grid on yellow alert as supply tightens

Investors in Asia are demanding clearer evidence that artificial intelligence can translate into revenue and earnings, rather than simply seeking exposure to the technology, as the sector moves into a more mature phase, according to Chris Oberoi, head of Asia-Pacific research at Bank of America (BofA) Global Research. “The issue increasingly is: does it add to productivity, and is it being monetised,” Oberoi said. “And the answer is, ‘absolutely yes’.” Separately, President Xi Jinping and US...

Philippine officials are expected to include a clause that explicitly preserves sovereignty over projects in the Pax Silica initiative in New Clark City, stating that expatriates employed in the area will have no diplomatic immunity.

The Hong Kong Monetary Authority, the city’s de facto central bank, probably anticipated the rise in US interest rates last week. However, it is unlikely it foresaw the extent to which the Federal Reserve shifted in a hawkish direction. Even Fed watchers were surprised by the unanimous vote to increase borrowing costs and the unambiguous signal that the central bank plans to raise interest rates further in the coming months. While the HKMA, which moves in lockstep with the Fed to safeguard the...

The success of GCash operator Mynt Inc."s Initial Public Offering will be defined by sustainable post-listing value creation and regional expansion, rather than its initial ₱10 maximum price ceiling, capital market expert Jonathan Ravelas said.

Contemporary Amperex Technology Limited’s (CATL) dominance in the Chinese electric vehicle (EV) market is unlikely to slump over the coming year given its brand recognition and edge in technology, analysts said, though its shares have already tumbled amid the battle with profit-squeezed EV makers. Chinese carmakers have been doubling down on efforts in recent weeks to reduce their reliance on CATL – in September, Xiaomi and Li Auto highlighted their partnership with tier-two battery...

Late last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids. The 598-room hotel, located in Hong Kong’s eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder. Just a week after the announcement of the tender, Nina Hospitality, one of the largest...

Four Chinese companies launched initial public offerings (IPOs) in Hong Kong on Monday, aiming to raise as much as HK$14 billion (US$1.8 billion) in total, with strong backing from cornerstone investors countering apparent weakness in the market so far this month. Automated equipment manufacturer RoboTechnik has the biggest target, planning to raise as much as HK$5.18 billion. The new entrants are braving a market that shows signs of slowing. After a blistering year so far – Hong Kong listings...

Global institutional investors and wealth managers are stockpiling cash at the fastest pace on record while quietly retreating from US and UK equities as persistent inflation and mounting geopolitical risks dominate portfolio decisions, according to a report by Marsh Investments. The institutional investment consultancy polled 430 asset owners managing a combined US$5.76 trillion and found that 37.8 per cent planned to increase cash allocations over the next 12 months, up from just 9 per cent in...

MANILA, Philippines — The government should protect middle-class purchasing power through targeted aid to prevent weaker household consumption from becoming a bigger drag on economic growth, the Asian Development Bank Institute (ADBI) said. ADBI dean and CEO Bambang Brodjonegoro said the government should direct its efforts toward the middle class because it accounts for the

China’s revenue from stamp duty on stock sales jumped more than 80 per cent in the first eight months this year as improved sentiment bolstered trading activities. China collected 216 billion yuan (US$32.3 billion) from the tax between January and August, up 82 per cent year on year, data released by the Ministry of Finance showed. Average daily trading values on mainland China’s stock markets rose 72 per cent in the first eight months of the year as the artificial intelligence boom bolstered...

The Philippines made its first commercial shipment of Carabao mangoes to Canada as the government seeks to expand market access for the country"s agricultural products, the Department of Agriculture (DA) said.

MANILA, Philippines — Filipinos moved more than P22 trillion in funds through the InstaPay and PESONet systems from January to August, underscoring the rapid adoption of digital payments after regulators had pushed for lower transaction fees. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated