MAYBANK economists say the PHILIPPINE C.BANK could raise the policy rate by 25bps to 5.75% in December and then pause, holding rates through end-2027. The central bank has hiked four times this year, totalling 125bps. Maybank notes the lagged effects of tightening are weighing on domestic demand; while further tightening is not ruled out if inflation risks increase, weak growth may constrain room for additional hikes.

Zeng Xiaopeng, deputy director of the Zhejiang Science and Technology Department, said on the 27th Zhejiang will deepen measures to make enterprises the lead in tech R&D and commercialization — granting firms the rights to set research topics, lead projects and carry out evaluations — and encourage more private companies to bid to lead designated challenges in artificial intelligence, integrated circuits and biotechnology.

Ukraine's President Zelenskiy said Serbia has undergone a transformation that marks a new chapter for the country and its people, and wished Serbia success, genuine development and friendly relations with the European community.