Category: Business

Business

Shein Is Going Public With a $27 Billion Valuation — But Its Biggest Problem Isn’t the Stock Market

Shein is finally heading to the public markets — but its long-awaited Hong Kong IPO may not be enough to silence the questions that have followed the fast-fashion giant for years. The Singapore-headquartered, China-founded online fashion retailer is preparing to list in Hong Kong on September 1, 2026, at a valuation of about $27 billion, dramatically below the nearly $100 billion valuation associated with the company at its private-market peak in 2022. Shein plans to offer 280 million shares at

August 25, 2026

Business

PH Has 47 Days of Fuel Supply Left—But the Bigger Threat to Drivers May Already Be at the Pump

MANILA, Philippines — The Philippines still has enough fuel to cover roughly 47 days of average consumption, according to the Department of Energy (DOE), easing immediate fears of a domestic fuel shortage even as renewed tensions in the Middle East continue to push global oil prices higher. DOE data showed that the country had an estimated 47.22 days of total available fuel supply as of August 21, 2026. The figure includes existing stocks and available supply based on current inventory and deli

August 25, 2026

Business

Singapore Sellers Are Furious Over AI Videos Promoting Their Products — And They Say They Never Approved Them

Singapore’s fast-growing use of artificial intelligence in online shopping is triggering a new concern: AI-generated videos promoting products that sellers say they did not create, approve or have sufficient control over. Sellers on Shopee and TikTok Shop have told Channel NewsAsia (CNA) that automatically generated promotional videos have sometimes distorted product details, altered appearances and presented products in ways that could leave shoppers with the wrong impression. The issue has e

August 25, 2026

Business

Wall Street Sends a Warning as Tech Stocks Slide—But the Bigger Market Shock May Still Be Coming

Wall Street ended Monday, August 24, on uneasy footing as technology stocks came under pressure, Treasury yields eased and investors confronted a fresh wave of uncertainty over U.S. trade policy, government debt and the outlook for interest rates. The Dow Jones Industrial Average rose 140.15 points, or 0.26%, to 53,417.16, while the S&P 500 slipped 21.51 points, or 0.28%, to 7,652.86. The technology-heavy Nasdaq Composite dropped 200.26 points, or 0.76%, to 25,980.19. The contrasting performan

August 25, 2026

Business

Philippine Farm Damage Just Hit ₱1.91 Billion — But What Happens to Rice and Food Prices Next Could Matter More

MANILA, Philippines — The economic toll of weeks of destructive weather is rapidly mounting across Philippine farms, with agricultural damage and losses from the enhanced southwest monsoon, or Habagat, and tropical cyclones Luis, Maymay and Neneng reaching approximately ₱1.91 billion, according to the Department of Agriculture. The latest assessment paints a troubling picture for thousands of Filipino farmers already vulnerable to volatile weather, production costs and fluctuating commodity pri

August 25, 2026

Business

Oil Prices Plunge After New Iran Sanctions — But Tehran’s Next Move Could Change Everything

Oil prices fell more than 2% on Monday as investors digested the latest U.S. sanctions pressure on Iran, even as Tehran warned that Washington’s moves could trigger retaliation and further threaten energy supplies. Brent crude settled down about 2.4% at US$92.17 a barrel, while U.S. West Texas Intermediate crude fell about 2.4% to US$85.01. The decline came after a six-session rally that had pushed oil prices sharply higher amid growing concerns over disruptions to Middle Eastern energy flows.

August 25, 2026

Business

Dollar Surges as Iran Sanctions and Canada Tariffs Shake Markets — But the Next Move Could Be Bigger

NEW YORK — The U.S. dollar strengthened Monday as investors turned toward the traditional safety of the greenback after Washington intensified economic pressure on Iran while escalating a separate trade dispute with Canada. The dollar's move came after the greenback had suffered three weekly declines in four weeks, pushing it to roughly three-month lows. The latest developments in Iran and Canada gave traders fresh reasons to reassess geopolitical and economic risks. The U.S. Dollar Index rose

August 25, 2026

Business

Security Bank’s Digital Push Is Surging—But Its ₱150-Billion Green Finance Move Could Be the Bigger Story

MANILA, Philippines — Security Bank is accelerating its push into the future of Philippine banking, combining faster digital services with major investments in renewable energy and infrastructure—a strategy that is now earning recognition on the regional stage. The bank and its investment banking arm, Security Bank Capital Investment Corp., recently collected three honors at the Asian Banking & Finance Awards 2026, highlighting their growing presence in mobile banking, corporate digital transfo

August 24, 2026

Business

GLOBAL MARKETS SHAKE AS OIL SLIPS AHEAD OF NEW IRAN SANCTIONS — BUT THE BIGGER RISK MAY BE WHAT HAPPENS NEXT

Global financial markets opened the week cautiously as oil prices and several major Asian shares slipped on Monday, August 24, with investors waiting for details of a new US sanctions package targeting Iran. The market reaction comes as Washington prepares what US Treasury Secretary Scott Bessent has described as an exceptionally aggressive economic campaign against Tehran, raising fresh questions about Iran's oil exports, global energy supplies and the future of the strategically important Str

August 24, 2026

Business

Razon’s Online Gamble Is Getting Bigger—But Can Solaire Turn ₱2B in VIP GGR Into a Digital Comeback?

For billionaire Enrique Razon Jr., online gaming is increasingly looking less like a side business—and more like a crucial piece of Bloomberry Resorts Corp.’s next growth story. The operator of Solaire Resort Entertainment City and Solaire Resort North has stepped up its digital push with the launch of FUNaloMAX, an in-house online gaming platform designed for Filipino, mobile-first players. The move comes as Bloomberry works to navigate a difficult period for its land-based casino operations,

August 24, 2026