Bloomberg The Philippines uses 17.5 billion plastic shopping bags and about 60 billion plastic sachets a year, generating so much waste that local governments are unable to cope, according to the Global Alliance for Incinerator Alternatives, a non-governmental organization. Filipinos also use about 45 million thin film bags daily, the organisation said in a statement, citing a study conducted in ...

Bloomberg Alibaba Group Holding Ltd. and Ant Financial will establish a steering committee led by the e-commerce giant to spearhead joint business initiatives and ensure their long-term interests are aligned, according to people familiar with the matter. China’s top online retailer and its biggest internet financial services giant will create a so-called “new economy body,” headed up by Alibaba Chief ...

Bloomberg Hong Kong’s stock market has seen price surges so wild that senior officials have said they feared for the city’s reputation as a global financial center. A subsequent crackdown appears to be working. Actions by the local exchange and securities regulator contributed to a 45 percent fall in initial public offering (IPO) applications for the city’s small-company venue last ...