Philippine central bank governor said the government is working to accelerate investment and expects to be back on track by Q4.

Ukrainian President Zelenskiy said over the past 24 hours Ukrainian forces struck 16 targets inside Russia, including long-range strikes on oil facilities — which he called the "oil wallet" financing Russia's war — as well as airports, a missile unit, infrastructure used to launch attacks on Ukraine, a defense-industry enterprise and Russian logistics facilities.

Aug. 26 — Shanghai’s municipal post-investment empowerment collaboration platform for state-owned capital funds began operations. Shanghai plans state-capital fund scale above 660 billion yuan by end-2025. The platform, led by the Shanghai SASAC and Shanghai Guotou, will pilot joint “empowerment” consortia to provide full-chain, closed-loop raise-invest-manage-exit fund services aimed at supporting sci‑tech company growth. The first consortium includes Xuhui and Changning districts and 11 SOE and financial members — Shanghai Guotou, Shanghai International Group, Shanghai Electric, Shanghai Instrumentation, Shanghai Tunnel Co., Shanghai Pudong Development Bank (SPD Bank), Bank of Shanghai, Shanghai Rural Commercial Bank, Guotai Haitong, Lingang Group and Shanghai Inspection Company. The consortia will expand to cover all 16 districts and recruit more professional asset managers, industry players and park operators.