1 of 3 SOME of the best fashion and household goods can be found at the MaArte Fair. SOME of the best fashion and household goods can be found at the MaArte Fair. SOME of the best fashion and household goods can be found at the MaArte Fair. GET your wallets ready for this weekend: […]
ABOITIZ POWER Corp. (AboitizPower) said its renewable energy arm Aboitiz Renewables, Inc. (ARI) had entered a partnership with Vena Energy to invest in the latter’s 102-megawatt (MW) wind power project in Rizal and Laguna. “We are thrilled to partner with Vena Energy, given our shared ambition of growing the Philippine renewable energy generation portfolio in […]
The Philippines’ biggest mining project, the Tampakan copper-gold site in Mindanao, may begin commercial operations in the last quarter of 2026 at the earliest, project developer Sagittarius Mines, Inc. said on Friday. Regulatory concerns over the Tampakan project, which had been hampered by a 12-year provincial ban on open-pit mining that was lifted last year, […]
JAKARTA – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments license in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the US and elsewhere. The news follows an announcement by TikTok CEO Shou Zi […]
WASHINGTON – The United States should extend electric vehicle (EV) tax credit benefits to Vietnam if it wants to encourage a landmark investment from the country in US-based manufacturing, the head of the main US business lobby for Southeast Asia said. Rules included in the US Inflation Reduction Act (IRA) aimed at reducing US dependence […]
Euro zone yields rose on Friday after German industrial orders jumped in June, while investors await crucial United States data after Thursday’s numbers failed to provide further clues about whether the Federal Reserve would hike rates one more time this year. German orders rose against expectations for a drop, driven by gains in the aerospace […]
PARIS – The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets jumped on renewed tensions over exports from war-torn Ukraine and concerns over global production. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 123.9 points in July against […]
LONDON – Russia has doubled its 2023 defense spending target to more than $100 billion – a third of all public expenditure – a government document reviewed by Reuters showed, as the costs of the war in Ukraine spiral and place growing strain on Moscow’s finances. The figures shed light on Russia’s spending on the […]
BEIJING – Autonomous vehicle technology startup Pony.Ai on Friday said it would set up a joint venture with Japan’s Toyota Motor with an investment of 1 billion yuan ($139 million) to mass produce robotaxis. The new company, which will also involve Toyota’s joint venture with Chinese state-owned Guangzhou Automobile Group (GAC), will be established this […]
SYDNEY/BEIJING – Australia on Friday used China’s decision to drop anti-dumping tariffs on its barley imports to call for the end to all remaining trade restrictions, led by wine, as commercial ties between the two trading partners edge towards normalization. China’s Ministry of Commerce said on Friday anti-dumping and anti-subsidy tariffs on Australian barley would […]
Philippine annual inflation eased for a sixth straight month in July, the statistics agency said on Friday, reflecting slower increases in food and utility costs. The consumer price index rose 4.7% in July, its slowest annual increase since March 2022, but the inflation rate remained above the central bank’s 2% to 4% target for the […]
Jaime Zobel Urquijo took the helm as Chief Sustainability and Risk Officer of Ayala Corporation on Tuesday. “This is a tremendous honor and responsibility, and I am very thankful to Ayala Corporation President & CEO Bong Consing and the board for providing me with this incredible opportunity,” Urquijo said. “I am extremely fortunate that Ayala […]
The Philippines’ ranking jumped to 55th out of 143 countries in 2023 from placing 69th out of 129 in 2021 by the European Research Center for Anticorruption and State-Building’s (ERCAS) latest edition of the Transparency Index (T-Index). The T-Index measures computer-mediated transparency, representing the availability of public data in each country by showing what information […]
Here’s a quick glance at how PSEi stocks fared on Thursday, August 3, 2023.
THE PESO depreciated further on Thursday as stronger-than-expected US labor data pushed the dollar to a four-week high. The local currency closed at a fresh three-week low of P55.52 versus the dollar on Thursday, weakening by 33 centavos from Wednesday’s P55.19 finish, data from the Bankers Association of the Philippines’ website showed. This was the […]
STOCKS rebounded on Thursday on bargain-hunting following their decline the day prior and amid expectations of slower July inflation. The Philippine Stock Exchange index (PSEi) increased by 93.48 points or 1.44% to close at 6,576.76 on Thursday while the broader all shares index went up by 35.63 points or 1.02% to 3,499.49. “The local market […]
By Kyle Aristophere T. Atienza and Beatriz Marie D. Cruz, Reporters CHINA’S PROPOSAL to hold joint military exercises with the Philippines appears to be an attempt to boost its public image after its increasing assertiveness in the South China Sea drew international backlash, geopolitical analysts said on Thursday. Its failure to heed international law casts […]
FORMER Philippine President Rodrigo R. Duterte asked Chinese President Xi Jinping to look kindly on the Philippines during their meeting in Beijing last month, according to the Senate president. The sea dispute between the two nations was never brought up during the meeting, Senate President Juan Miguel “Migz” F. Zubiri told CNN Philippines on Thursday, […]
MINORITY congressmen on Thursday criticized billions of pesos worth of confidential and intelligence funds in the proposed 2024 national budget, noting that these funds had been allotted to agencies that are not supposed to do intelligence work. “Civilian offices and agencies with no business in intelligence-gathering or law enforcement are given so much presidential pork […]
THE INTERNATIONAL Labour Organization (ILO) has partnered with the European Union (EU) and charity organization Stella Maris Philippines to educate migrant Filipino fishermen and seafarers on their basic rights including on ways to avoid human trafficking. In a statement late Wednesday, ILO said it had developed a pre-departure information program with its partners for fishermen […]