Category: Business

Business

Bank of Korea Delivers Back-to-Back Rate Hikes as Inflation Pressure Refuses to Fade

SEOUL, South Korea — South Korea's central bank has raised interest rates for the second consecutive meeting, signaling that the battle against stubborn inflation and growing financial stability risks is far from over. The Bank of Korea (BOK) increased its benchmark seven-day repurchase rate by 25 basis points to 3.00% on Thursday, August 27, following a similar increase in July. The move marks a sharp continuation of the central bank's tightening cycle after its first rate hike in three-and-a-

August 27, 2026

Business

BIR Cracks Down on Unregistered Sabong Betting Systems, Seizes and Seals 297 Machines in Major Operation

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has intensified its crackdown on unregistered betting equipment used in cockpit arenas, sealing or confiscating 297 betting machines, computerized units, servers, and other devices found during simultaneous enforcement operations at 11 cockpits in Metro Manila and South Luzon. The operation, carried out on August 8, was conducted in coordination with the National Bureau of Investigation (NBI) following covert verification by BIR revenue

August 27, 2026

Business

Two Malaysian Phone Shop Employees Arrested in Singapore Over Alleged Singpass Account Scam Scheme

Two Malaysian men working at a mobile phone shop in Singapore have been arrested over their suspected involvement in a coordinated scheme that allegedly exploited customers' Singpass credentials to create e-wallet accounts without their knowledge. The suspects, aged 25 and 47, were arrested on Aug 25 following a police operation involving Singapore Police Force's Cyber Command and the Singpass Trust and Safety team at the Government Technology Agency (GovTech), according to authorities. Invest

August 27, 2026

Business

Bacolod Hog Raisers Cry Foul Over ₱120/Kilo Prices—Now They Want the LGU to Investigate

BACOLOD CITY — Small hog raisers in Bacolod City are asking local officials to investigate what they describe as unusually low buying prices for live pigs, saying the situation is putting their livelihoods at risk as the swine industry continues to reel from African swine fever (ASF), high production costs and market pressures. The Bacolod Backyard Hog Raisers submitted a letter to Mayor Greg Gasataya and the Bacolod Sangguniang Panlungsod through Councilor Jude Thaddeus Sayson, chairman of the

August 27, 2026

Business

Dating Construction Worker na ₱150–₱₱200 Lang ang Kita, Ngayon 5-Digits Araw-Araw—Ano ang Nagpabago sa Buhay Niya?

Bulakan, Bulacan — Mula sa pagtatrabaho bilang construction worker na kumikita lamang ng humigit-kumulang ₱150 hanggang ₱200 kada araw, ngayon ay umaabot na sa five digits kada araw ang kinikita ni John Cea mula sa kaniyang patok na negosyo ng Chinese-style chao fan. Itinampok ang kuwento ni Cea sa isang episode ng Kapuso Mo, Jessica Soho, kung saan makikita ang mahahabang pila ng mga bumibili ng kaniyang chao fan sa Bulakan, Bulacan. Ang ordinaryong order ng kaniyang chao fan ay nagkakahalaga

August 27, 2026

Business

Audemars Piguet Brings Rare Watches and 150 Years of Watchmaking History to Singapore — But There’s More to Hear Than See

SINGAPORE — Some of the world's most intricate mechanical watches are coming to Singapore, and visitors won't just be looking at them behind glass. Swiss luxury watchmaker Audemars Piguet is bringing 150 years of watchmaking heritage to the National Museum of Singapore this September through “Audemars Piguet: Perspectives on Time,” a free immersive exhibition featuring rare historical timepieces, contemporary creations and live demonstrations of some of horology's most complex mechanisms. The

August 26, 2026

Business

Formaldehyde Cabbage Scare Sparks Alarm Across Asia—But South Korea’s Latest Tests Reveal a Crucial Twist

A food safety scare involving Chinese cabbage and the cancer-causing chemical formaldehyde has triggered alarm across Asia, prompting emergency inspections and renewed questions about the safety of imported food products. But as concern spread, South Korean authorities released a major update: eight recent shipments of Chinese cabbage tested since tighter inspections began showed no detectable formaldehyde. The results offer some reassurance—but officials are not declaring the case closed. So

August 26, 2026

Business

Jazreel Low Makes Surprise F&B Comeback With High Six-Figure Bet on New Bishan Park Cafe—And the Reason Behind It Is Personal

SINGAPORE — Former actress and entrepreneur Jazreel Low was enjoying semi-retirement, with plans to spend more time knitting and playing mahjong. But one familiar location changed everything. When the restaurant space she once operated for years at Bishan-Ang Mo Kio Park became available again, Low found herself drawn back into Singapore's notoriously challenging food-and-beverage industry—this time with a high six-figure investment and a brand-new concept called Shared Table. The 60-year-old

August 26, 2026

Business

Mediacorp Wins Singapore Environmental Achievement Award 2026—But Its Biggest Climate Impact Could Be What Millions Watch

SINGAPORE — Mediacorp has been recognised for its environmental leadership at the Singapore Environmental Achievement Awards (SEAA) 2026, but the national media network says its greatest potential to drive change may extend far beyond reducing emissions from its own operations. The company received the Singapore Environmental Achievement Award for Leadership and Advocacy on Wednesday, August 26, joining a group of organisations recognised for their contributions to environmental sustainability

August 26, 2026

Business

Third 8-Car NSCR Trainset Arrives From Japan as Philippines Pushes Toward 2027 Partial Opening

MANILA, Philippines — Another major piece of the Philippines’ long-awaited North-South Commuter Railway has reached the country, bringing the massive rail project another step closer to carrying passengers. The third eight-car Electric Multiple Unit (EMU) trainset for the North-South Commuter Railway (NSCR) has arrived from Japan and is now undergoing the required importation process through the Bureau of Customs, according to the Department of Transportation. Once customs processing is comple

August 26, 2026