The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts for next year to support the market, three delegates told Reuters.
The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on the bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said on Monday.
China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.
The Philippines, one of Asia's most active sovereign debt issuers, has launched its maiden sukuk bonds issue, according to a government announcement on Monday, mandating banks involved to arrange the sale.
A meeting of more than 100 countries on Friday agreed to an interim goal for emissions reductions from global aviation by 2030 by using less-polluting fuels, but China, Russia and some others aired concerns about the impact on their economies.
The Department of Trade and Industry (DTI) is urging Vietnamese automaker VinFast to consider establishing manufacturing operations in the Philippines, as the government accelerates plans for a comprehensive electric vehicle (EV) incentive program.
Cebu-based snack manufacturer Prifood Corp has partnered with COREnergy, the retail electricity arm of Vivant Energy, to supply power to its manufacturing operations in the Philippines.
Prime Energy, the gas exploration arm of Prime Infrastructure Capital Inc., says it is confident it will deliver the first gas from the Malampaya Phase 4 (MP4) project by the fourth quarter of 2026, staying on schedule based on current progress.
The administration of President Ferdinand R. Marcos Jr. says the Philippines remains on track to achieve upper middle-income status and further cut poverty rates within the President’s term, even as global uncertainties weigh on growth prospects.