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Month: July 2025

Posted on 16/07/2025

BOC seizes P304-M illegal drugs in separate ops at NAIA

The Bureau of Customs-Ninoy Aquino International Airport (BOC-NAIA) seized over 44 kilograms of suspected shabu worth over PHP304 million in two separate interdiction operations at Terminal 3 in Pasay ...

Posted on 16/07/2025

Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO

MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap ...

Posted on 16/07/2025

BOC seizes nearly P2M in undeclared cash from passenger bound for Hong Kong

CUSTOMS authorities have confiscated P1.199 million in undeclared local currency from a 26-year-old male passenger bound for Hong Kong, citing a violation of th ...

Posted on 16/07/2025

Citi to boost Japan investment banking headcount up to 15%, executive says

Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its ...

Posted on 16/07/2025

What is Hong Kong’s allure for China’s tourists? Financial service …

Hong Kong companies have reason to be optimistic about the return of Greater Bay Area’s (GBA) affluent tourists, but McKinsey & Company cautions that the city no longer is the no-brainer ...

Posted on 16/07/2025

Lawmakers Dismiss McKinsey’s Apology on Opioid Crisis as ‘Empty’

McKinsey stopped advising opioid manufacturers in 2019 and agreed to pay about $600 million to settle investigations by state attorneys ... He was previously a correspondent in Hong Kong, ...

Posted on 16/07/2025

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

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Posted on 16/07/2025

Hong Kong stocks lifted by Nvidia rally on mixed day in Asia

Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.

Posted on 16/07/2025

Hong Kong stocks power up on Nvidia resuming chip sales to China

US firm receives assurance from Washington that the company will be granted an export licence to sell H20 chips to China.

Posted on 16/07/2025

Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say

MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap ...

Posted on 16/07/2025

Bull stock market, low interest rates hypercharge Hong Kong resi market

Hong Kong residential market could be in for a sustained rebound after a boost from a rallying stock market and low interest rates ...

Posted on 16/07/2025

Hong Kong Defends FX Peg for a Fifth Time as Pressure Extends

Hong Kong authorities intervened for the fifth time in about three weeks to prevent the city’s currency from weakening beyond its official trading band.

Posted on 16/07/2025

China’s Geely is officially bringing its luxury EV startup Zeekr private

China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange.

Posted on 15/07/2025

HK-bound man caught at Cebu airport with over P1.1M undeclared cash

A 26-year-old Filipino man was intercepted at the Mactan-Cebu International Airport (MCIA) on July 14, 2025, for attempting to leave the country with more than P1.1 million in undeclared cash.

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