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BUSINESS3d agoAsia must guard against repeat of 1997 financial crisis: Philippine central bank chiefAsian countries must remind themselves about what happened during the region’s financial crisis in the late 1990s and guard against a recurrence of such shocks, the head of the Philippine central bank said ‌on Wednesday. Before the Asian financial crisis started in 1997, regional economies saw huge capital inflows that prompted the World Bank to describe it as the “East Asian miracle”, Eli Remolona, governor of the central bank, said in an International Monetary Fund panel on the outlook for the...South China Morning Post
BUSINESS3d agoAsian equities stabilize following Wall Street tech selloff; oil nears $95, China trade data beatsAsian equities have stabilized after a tech selloff on Wall Street, with oil prices approaching $95 and China's trade data exceeding expectations. This indicates a mixed but generally stabilizing global economic landscape.Seeking Alpha Tech
BUSINESS3d agoBofA drops out of talks to arrange Moonshot AI's Hong Kong listing: reportBank of America has reportedly withdrawn from discussions to arrange Moonshot AI's public listing in Hong Kong. This development indicates a change in the financial plans for Moonshot AI's market entry.Seeking Alpha Tech
BUSINESS3d agoChina's September CPI rises 0.9% Y/Y, PPI accelerates to 5.0% above expectationsChina's Consumer Price Index increased by 0.9% year-on-year in September, while the Producer Price Index accelerated to 5.0%, exceeding expectations. This indicates specific inflationary trends within the Chinese economy.Seeking Alpha Tech
BUSINESS3d agoCrypto bosses, CEOs and F1: Singapore's business events boom gathers paceSingapore's Formula 1 race week is a major business draw as a growing number of conferences coincide with the Grand Prix.CNBC
BUSINESS3d agoChina's September trade surplus widens to $133.53B; exports up 36.3%, imports up 31.0%China's trade surplus widened in September to $133.53 billion, driven by significant increases in both exports and imports. This data provides insight into China's economic performance and global trade patterns.Seeking Alpha Tech
BUSINESS3d agoSingapore’s economy grows more than 5 percent amid AI boomCity-state's GDP expands 5.4 percent in July-September quarter, according to advance government estimates.Al Jazeera [en]
BUSINESS3d agoYoung Malaysians’ US$1.3bn short-term credit spree sparks warning over bad debtMalaysians aged 30 and below bought some 5.4 billion ringgit (US$1.32 billion) worth of goods and services on short-term credit in the first half of this year, the country’s Finance Ministry has revealed. The ministry said it had recorded 65.9 million “buy now, pay later” (BNPL) purchases among younger consumers in the first six months of 2026 – equivalent to more than one in three, or 37.9 per cent, of total purchases nationwide. As of June 30, the outstanding BNPL financing balance among this...South China Morning Post
BUSINESS3d agoJapanese banks and insurers return to domestic bonds as yields surgeInvestors are closely watching for signs that the country’s institutions may be starting to repatriate capital after decades hunting for returns overseasFinancial Times
BUSINESS3d agoIndonesia’s Bali hit by fuel crisis as huge queues form at petrol stationsMotorists have been left queuing for hours at petrol stations across Indonesia’s resort island of Bali in recent days amid reports of a crippling fuel shortage. Long queues have been spotted all around the island, including in the capital Denpasar, Badung and Tabana, according to the Bali Post. On Tuesday, Bali Governor I Wayan Koster stressed that there was enough fuel to go around, suggesting that panic buying might have caused the shortages at the pumps. “People need to be patient because the...South China Morning Post
BUSINESS3d agoChina’s exports surge 36% as AI-related shipments boomImports soar by a third as high oil prices from Middle East conflict push up energy billFinancial Times
BUSINESS3d agoTrump announces that Taiwan will buy 30% of Alaska pipeline gas for twenty yearsTaiwan will invest 4.4 billion dollars in the Alaska LNG project, securing 30% of the gas for 20 years, according to the American president. Trump promotes Measure 2 in Alaska and supports Senator Sullivan in his re-election. He also pardons three workshop owners for violating the Clean Air Act.Clarín
BUSINESS3d agoTaiwan agrees to buy 30% of gas from Alaska LNG project, Trump saysU.S. President Donald Trump said Tuesday that Taiwan had agreed to buy 30% of the gas from a pipeline project in Alaska.CNBC
BUSINESS3d agoSouth Korean carmaker Hyundai plans 'strategic' investment of $15.5 billion in India by 2032Korean car company Hyundai says India is a strategic core marketCNBC
BUSINESS3d agoProducer prices in China rise at fastest pace since June 2022, beating expectationsThe increase was higher than the 4.5% expected by economists polled by Reuters, and higher than the 3.8% seen in the previous month.CNBC
BUSINESS3d agoDoes Hong Kong’s economy serve the people or profit?China has lifted nearly 800 million people out of extreme poverty, arguably the greatest achievement in poverty reduction in human history. Even so, no mainland Chinese economist has won the Nobel Prize in Economic Sciences. Across the Pacific, the United States has produced about 75 per cent of Nobel economics laureates, even as its economy staggers under mounting public debt, chronic fiscal deficits, and recurring financial crises and government shutdowns. Of the 99 economics laureates ever...South China Morning Post
BUSINESS3d agoChina's exports likely grew by double-digits in SeptemberThe country's customs agency released September trade data on Wednesday.CNBC
BUSINESS3d agoWhy did Hong Kong’s 11 Skies fail and can the megaproject be rescued?The roar of plane engines and the hustle and bustle at Hong Kong International Airport’s Terminal 2 present a stark contrast to the pin-drop silence at the adjacent 11 Skies commercial complex. A South China Morning Post reporter who travelled between the two places in early October found minimal footfall at the shopping centre, with the bright and airy environment of the airport terminal replaced by dim, stuffy and boarded-up corridors, and poor air conditioning amid the simmering outdoor...South China Morning Post
BUSINESS3d agoSingapore third-quarter GDP growth softens from four-year high but beats estimatesThe GDP print beat expectations of a 5% growth from economists polled by Reuters.CNBC
BUSINESS3d agoChina is bringing car production to EUChina has moved from exporting cars to bringing entire auto industry ecosystems, building up production capacity in Europe and boosting partnerships with local companies. Arthur D. Little's automotive expert Philipp Seidel tells France 24 that while tariffs and quotas can buy time, EU carmakers must improve their own competitiveness and not become too dependent on Chinese suppliers. But first, we look at the latest IMF global growth forecast and warning about rising debt.France 24 [en]
BUSINESS3d agoPH dollar deficit seen narrowing as exports gainMANILA, Philippines — The Philippines is expected to post narrower dollar deficits this year and in 2027 than previously forecast, as stronger exports fueled by the global artificial intelligence boom bolster foreign exchange inflows, the Bangko Sentral ng Pilipinas (BSP) said. The central bank projected a balance of payments (BoP) deficit of $9.2 billion by year-end, […]... Keep on reading: PH dollar deficit seen narrowing as exports gaininquirer · philippines
BUSINESS3d ago1st LD-Writethru: China approves Visa subsidiary application to establish bank card clearing institutionBEIJING, Oct. 13 (Xinhua) -- China's central bank announced on Tuesday that it has approved an application from a subsidiary of U.S. payment giant Visa to set up a bank card clearing institution in China, a step forward in the country's financial opening up.thestar_my · malaysia
BUSINESS3d agoSSS orders 5 employers: Settle over P3M in unpaid contributionsAT LEAST five business employers in Pasay City were given 15 days by the Social Security System (SSS) to settle contribution delinquencies amounting to P3.19 million or face criminal charges, its top official revealed on Tuesday. SSS President and CEO Robert Joseph de Claro said the non-payment of members’ contributions by some firms in the city was discovered late last week by a RACE (Run After Contribution Evaders) operation. The five erring employers accumulated P1.14 million in unpaid contributions and P2.05 million in penalties, all cited for non-remittance of monthly contributions under Republic Act 11199, or the Social Security Act of 2018, de Claro said. He said that among the violators, a restaurant establishment recorded the highest contribution delinquency at P2.25 million, broken down into over P739,000 in unpaid workers' contributions and P1.51 million in penalties. The SSS chief stressed that under RA 11199, employers must report on their employees to SSS and remit their corresponding monthly contributions. He reiterated that the concerned employers who received the written notices were given 15 days to coordinate with their respective servicing SSS branch office and settle their contribution delinquencies. “Should they fail to act, SSS will take legal action against erring employers by filing criminal cases against them for violating RA 11199,” the SSS chief executive warned. The RACE campaign seeks to enforce compliance with employer obligations under the SSS Law to ensure social security coverage of members. De Claro noted that delinquent employers operate across various business sectors, including management consultancy, restaurant, real estate, carwash, and gambling and betting activities. He said the operation in Pasay formed part of a simultaneous RACE initiative in the National Capital Region (NCR), in which SSS served notices to 419 delinquent employers with contribution delinquencies amounting to more than P169 million. SSS Senior Vice President for NCR Operations Group Benjamin Dolindo Jr. emphasized that employers must remit their workers' contributions religiously to avoid depriving them of SSS benefits. If contribution records are not updated, members will not be entitled to claim SSS benefits or apply for loan programs, Dolindo said. "For example, an SSS member was hospitalized for 10 days due to an illness. Suppose their employer is not remitting the SSS contributions, and in that case, they will be unqualified to receive sickness benefits from SSS because one of the requirements of the said benefit is to have recency in contributions," he explained.manilatimes · philippines
BUSINESS3d agoEurope's alternative to Trump's China trade warEurope is testing a new response to China Shock 2.0, betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach.Why it matters: More of the world is beginning to confront the threat that China's industrial overcapacity poses to their industries. But protecting individual sectors will not solve the bigger problem: China's factories are cranking out far more than its own economy can absorb.Driving the news: The European Union and China struck a preliminary deal on Friday to sharply limit Chinese hybrid vehicle exports to Europe.The EU plAxios
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