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Philippines realty prices decline in Q3

Bloomberg Philippine home prices declined in the third quarter from the prior three months, reversing a short-lived rebound as interest rates increased. Housing values fell 0.6 percent quarter-on-quarter, according to Bangko Sentral ng Pilipinas. Prices rose 0.8 percent gain in the second quarter following a 0.9 percent decline in the first three months of the year. The central bank raised ...

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WeLab to delay $500mn Hong Kong IPO

Bloomberg WeLab Holdings Ltd., which filed an application in July to list on the Hong Kong stock exchange, will postpone its $500 million initial public offering, according to people with knowledge of the matter. The online lender asked bankers to suspend preparation citing current market volatility, said the people, who asked not to be identified as the information is private. ...

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China’s rival to GPS technology looking to go global

Bloomberg China’s alternative to the American-owned GPS extended its coverage beyond the Asia-Pacific region with a goal of becoming a dominating technology in the future, spurring gains in shares of related companies. The service, called Beidou, is now available in some parts of Europe and Africa within China’s Belt and Road initiative, spokesman Ran Chengqi told reporters in Beijing. The ...

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