Category: Business

Business

Taiwan Could Switch On Stablecoin Rules in Q1 2027 — But the Bigger Question Is Who Will Control Its Digital Money

TAIPEI — Taiwan is moving closer to one of the biggest overhauls of its cryptocurrency market yet, with regulators preparing rules that could bring stablecoins, crypto exchanges, custody providers and other virtual-asset businesses under a far more comprehensive licensing system as early as the first quarter of 2027. Financial Supervisory Commission Chairman Peng Jin-lung said the regulator is actively preparing nine sets of supplementary regulations under Taiwan’s newly enacted Virtual Asset S

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Business

Cebu’s Daily Brownouts Are Hammering Business — But the Bigger Threat May Be What Investors Do Next

CEBU CITY — Cebu’s worsening power shortage is rapidly turning from an electricity problem into an economic threat, with business leaders warning that recurring rotational brownouts could raise operating costs, disrupt factories and supply chains, discourage new investment and ultimately put jobs and growth at risk. The pressure intensified again on Friday, September 4, as the National Grid Corporation of the Philippines placed the Visayas grid under red alert from 3 p.m. to 10 p.m., with only

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Business

Eaton Bets Another NT$300 Million on Taiwan’s AI Boom — But the Bigger Story Is What Happens When Data Centers Shift to 800V

TAIPEI, Taiwan — The artificial intelligence boom is creating a new race that has little to do with who builds the fastest chip. It is increasingly about who can deliver enough electricity to keep those chips running. Global power-management giant Eaton Corp is putting another NT$300 million, or roughly US$9.5 million, into Taiwan over the next four years, expanding manufacturing capacity and positioning itself for what could become one of the most consequential infrastructure shifts of the AI

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Business

Oil Prices Surge to 6-Week High as US-Iran Tensions Raise Fresh Fears of Global Supply Shock

LONDON — Oil prices have surged to their highest levels in six weeks as renewed fighting between the United States and Iran, escalating threats against Tehran and falling shipping activity through the Strait of Hormuz intensify fears of a fresh disruption to global energy supplies. The latest jump has put the oil market back in the spotlight, with traders closely watching whether the conflict remains contained or develops into a broader threat to crude exports from the Middle East. Brent crude

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Business

German Companies Face Growing Pressure From Chinese Rivals as Competition Enters a “New Dimension”

BERLIN — German companies are facing a rapidly intensifying challenge from Chinese competitors, with a new survey showing that Chinese firms are no longer competing mainly on low prices but increasingly on technology, quality and innovation. The findings from the German Chamber of Commerce and Industry (DIHK) offer a fresh warning for Europe's biggest economy as German manufacturers confront rising costs at home and increasingly aggressive competitors abroad. The DIHK surveyed around 1,300 Ger

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Business

BDO Targets Philippines’ Growing Senior Market With Prime Savers — as 11.4 Million Filipinos Enter Their Golden Years

MANILA, Philippines — The Philippines is getting older faster than many may realize—and the country’s biggest bank is putting a sharper focus on the financial needs of Filipinos entering retirement. BDO Unibank is highlighting its Prime Savers account, a savings product specifically available to clients aged 60 and above, as millions of Filipino seniors continue working, supporting their families and managing savings that may need to last for decades. The push comes during Grandparents’ Month

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Business

Automakers Push Congress to Ban Chinese Cars in the US as National Security Fears Intensify

Industry group representing GM, Ford, Toyota, Volkswagen, Hyundai and others wants lawmakers to act before year-end WASHINGTON — A major US automotive industry group is urging Congress to move quickly on legislation that would permanently block Chinese vehicles, software and key connected-car hardware from the American market, escalating pressure on Washington to confront China's growing influence over the global auto industry. The Alliance for Automotive Innovation, which represents major man

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Business

Nvidia Bets US$12.93 Billion on Hugging Face — But Keeping AI’s Biggest Open Platform Truly Open May Be the Real Test

Nvidia is making one of its boldest moves yet beyond chips, agreeing to acquire Hugging Face for US$12.93 billion in a deal that could give the semiconductor giant an even deeper position at the center of the global artificial-intelligence ecosystem. But Nvidia is not simply buying another software company. It is buying one of the most important gathering places for the developers, researchers and companies building the next generation of AI. Nvidia chief executive Jensen Huang announced the

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Business

Singapore–Johor RTS Link Takes Major Step Forward as Woodlands North Station Is Completed

SINGAPORE — The long-awaited Johor Bahru–Singapore Rapid Transit System (RTS) Link has moved another step closer to passenger service, with Singapore’s Woodlands North station now officially completed. The milestone, announced by Singapore’s Land Transport Authority (LTA) on September 4, 2026, comes as the cross-border rail project enters its crucial testing and commissioning phase. The 4km RTS Link will connect Woodlands North in Singapore with Bukit Chagar in Johor Bahru, potentially transfo

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Business

‘They Will Just Brainwash Us’: Singaporean Reveals How a ‘Business Opportunity’ Trip to China Turned Into a Suspected Pyramid Scheme

SINGAPORE — What was presented as a chance to explore a lucrative business opportunity in China allegedly became something far more troubling for one Singaporean, who says participants were subjected to relentless presentations and recruitment pitches during a five-day trip to Nanning. His experience has resurfaced as Singapore authorities confirmed that 52 Singaporean citizens have been arrested and detained in Guangxi, China, over suspected pyramid-scheme activities and related offences. Sin

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