Category: Business

Business

Iran Plans New Exclusion Zone Near Strait of Hormuz as US-Iran Tensions Escalate

TEHRAN — Iran is preparing to announce a new “exclusion zone” near the Strait of Hormuz, adding another layer of tension to an increasingly dangerous confrontation with the United States in one of the world's most important shipping corridors. Iran's new Supreme National Security Council chief, Mohsen Rezaei, said Sunday that Tehran plans to establish the restricted area outside the Strait of Hormuz and target vessels it believes are attempting to pass through the strategic waterway without aut

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Business

CJ CheilJedang Opens Singapore Technical Hub as K-Food Giant Targets Asia-Pacific Flavor Market

SEOUL — CJ CheilJedang is taking its global food-ingredient ambitions deeper into Asia-Pacific with a new technical center in Singapore, putting customized flavor technology at the heart of its next overseas growth push. The Korean food and biotechnology giant announced September 7 that it has opened a Global Technical Center at Singapore's Biopolis research hub, creating a regional base for its Taste Solutions business. The facility officially opened on September 1, with representatives from

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Business

Huawei Just Unveiled a Powerful New Foldable — But Xiaomi and Apple Are About to Make the Smartphone War Even Bigger

The Chinese technology giant introduced the Mate XT2 on Monday, September 7, featuring an advanced dual-fold design that expands into a tablet-sized display. The launch comes at a critical moment for Huawei, which is working to protect its strong position in China's premium smartphone market as rivals Xiaomi and Apple prepare major new product moves. Huawei's New Mate XT2 Brings Major Upgrades According to Reuters, Huawei's latest Mate XT2 is powered by the company's new Kirin 9050 Pro proce

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Business

From a Cebu Fruit Stand to AI for Autism: Meet the 5 Filipino MSME Heroes Who Just Made Business History

MANILA, Philippines — Five Filipino entrepreneurs whose businesses are making an impact in retail, education, employment, agriculture and technology have been named the inaugural winners of the DITO BizBayani Awards, putting the spotlight on the people behind some of the country’s most inspiring micro, small and medium enterprises (MSMEs). The recognition came after a 10-week nationwide search that attracted more than 500 nominations, with the field eventually narrowed to 25 finalists and five

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Business

Taiwan Cooling Suppliers Race to Beat AI Heat as New Designs Target Thermal Resistance

TAIPEI, Taiwan — Taiwan's thermal-management industry is entering a new phase as the rapid rise of artificial intelligence pushes processors, servers and data centers to generate more heat than conventional cooling systems can comfortably handle. For Taiwan's cooling suppliers, the challenge is no longer simply moving more air. It is about reducing thermal resistance, moving heat away from increasingly powerful chips faster, and fitting more cooling capability into increasingly compact systems

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Business

Tokyo’s Shinjuku Moves to Ban More Than Half of Vacation Rentals — And Existing Airbnb-Style Homes Could Be Next

TOKYO, Japan — One of Tokyo’s most popular tourist districts is preparing for a major crackdown on vacation rentals, with more than half of Shinjuku’s short-term accommodations potentially facing closure under proposed new restrictions. Shinjuku, home to the bustling Kabukicho entertainment district and one of the world’s busiest railway hubs, is planning to prohibit private lodging businesses, commonly known in Japan as minpaku, in residential neighborhoods and areas near schools. The tougher

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Business

Jakarta Airport Closure Extended as Anak Krakatau Ash Cloud Grounds More Flights—Here’s What Travelers Need to Know

JAKARTA, Indonesia — Air travel across Indonesia remains severely disrupted after the eruption of Mount Anak Krakatau sent volcanic ash into the atmosphere, forcing authorities to extend the closure of Jakarta’s main international airport and several other airports in Java and Sumatra. The Soekarno-Hatta International Airport in Tangerang, the country’s primary aviation gateway serving Jakarta, is among the airports that remain temporarily closed as authorities continue monitoring volcanic ash

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Business

Taipei Home Prices Rise Despite Taiwan Housing Slowdown—But Buyers Are Pulling Back

TAIPEI, Taiwan — Taiwan's housing market is showing a striking divide: home transactions have fallen sharply, yet property prices in Taipei have remained resilient and even increased. The latest figures show just how unusual the situation has become. Taipei's average residential transaction price reached NT$839,000 (about US$26,500) per ping, or roughly 3.3 square meters, in 2025—an increase of 2.69% from the previous year, according to Taipei City government data. But at the same time, the n

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Business

Liloan Mayor Explains New P12 Garbage Bag System After Residents Raise Concerns

LILOAN, Cebu, Philippines — Liloan Mayor Aljew Jordan Frasco has defended and clarified the municipality's proposed new garbage collection system after residents raised concerns over a plan requiring households to buy official trash bags costing P12 each. The new policy, called the “Pay As You Throw, Garbage Bag System,” is covered by Municipal Ordinance No. 42-2026 and is intended to address Liloan's growing waste-management costs while encouraging residents to segregate their garbage properly

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Business

China Pumps US$54 Billion Into Banks and Insurers in Major Financial Powerhouse Push

BEIJING — China has unveiled a massive 360 billion yuan (US$54 billion) capital injection into some of its biggest state-owned banks and insurers, marking one of Beijing's most significant efforts in years to strengthen the country's financial system. The sweeping package is designed to reinforce the capital buffers of major financial institutions, ease pressure on insurers and banks, support lending and investment, and advance President Xi Jinping's long-term ambition of turning China into a g

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