Central Java, Indonesia, Feb 15, 2023 – (ACN Newswire via SEAPRWire.com) – Lapak Ganjar (The Ganjar Series) is a program initiated by the Governor of Central Java, Ganjar Pranowo, to help Central Java MSMEs (micro, small and medium enterprises) market their products. Products are uploaded via Instagram stories and posts, then reposted on the Ganjar […]
PHILIPPINE STOCKS may move sideways this week on cautious trading as investors await the Bangko Sentral ng Pilipinas’ (BSP) policy decision on Thursday and the release of more firms’ financial reports. The benchmark Philippine Stock Exchange index (PSEi) went up by 34 points or 0.49% to close at 6,876.79 on Friday, while the broader all […]
LOCAL STOCKS declined on Thursday on profit taking and fears that the central bank will deliver a big rate hike next week following faster-than-expected inflation in January. The benchmark Philippine Stock Exchange index (PSEi) went down by 80.29 points or 1.16% to close at 6,842.79 on Thursday, while the broader all shares index dropped by […]
CENTRAL BANKS in Southeast Asia need to prepare liquidity support and safety nets to mitigate any risks stemming from financial digitalization and cross-border banking, the Asian Development Bank (ADB) said on Monday. In a report, the ADB said digitalized transactions have been beneficial to the banking industry in the Association of Southeast Asian Nations plus […]
TOKYO, Jan 17, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu today announced the development of a supercomputer system for Taiwan’s Central Weather Bureau (hereinafter CWB)(1) for use in numerical weather predictions. The new system started operation in June 2022 under an initiative that was initially implemented in 2021. The program will be extended in […]
REPORTED DEATHS from flooding and landslides triggered by torrential rains in central and southern parts of the Philippines since late December has reached 27, based on the national disaster management agency’s report as of Jan. 15. Of the total, 14 have been confirmed, with six in the Easter Visayas region, five in Zamboanga Peninsula, two […]
POLICE Brig. Gen. Roderick Augustus Alba was relieved from his post as director of Police Regional Office (PRO) Central Visayas effective on Monday, Dec. 19, 2022. Alba was transferred to the Directorate for Human Resource and Doctrine Development in Camp Crame. The transfer happened just two months after Alba was assigned as PRO Central Visayas […]
ONLY two local government units (LGUs) in Central Visayas out of 132 LGUs passed the “Buy Local” ordinance amid the Regional Development Council’s (RDC) 7 backing and two-year campaign. Because of this, the Economic Development Committee (EDC) is recommending that the RDC 7 request the Department of the Interior and Local Government 7 to issue […]
Bangko Sentral ng Pilipinas (BSP) will likely have to continue raising rates at its next two meetings to ensure inflation returns to within its 2-4% target range next year, its governor said on Friday. BSP Governor Felipe M. Medalla said the likelihood that the central bank will not increase its policy rates at its next […]
By Antonio J. Montalvan II What do we do with the dark chapters in our history? We ingrain them in our collective consciousness by learning from them so that we can repudiate their revival. Critical readers say that was easier said than done before the age of disinformation. The recipe does not change – we […]
PERU’S new President Dina Boluarte named a US-educated economist who has spent most of his career at the central bank as economy minister, potentially soothing investor nerves after last week’s political chaos. The new finance chief, Alex Contreras, served as deputy economy minister under former President Pedro Castillo, who was ousted on Dec. 7. Contreras […]
THE Bangko Sentral ng Pilipinas (BSP) said local government units (LGUs) proposed to borrow P20.2 billion in the first half, mostly for infrastructure projects. The totals were tallied from applications to the Monetary Board (MB), which must review all LGU borrowing proposals, the BSP said in a statement on Tuesday. The MB received 107 proposals […]
CEBU City Mayor Michael Rama sees the impending acquisition of Filipino billionaire businessman Enrique Razon’s firm of a local waste management company as a positive development in the quest to solve the city’s garbage issue. If ever the Razon group would enter a business deal with the City Government, Rama said in a press conference […]
THE garbage management system of Cebu City might see an overhaul as Filipino businessman and billionaire Enrique K. Razon Jr. pours in investment to modernize a local waste management company. Prime Integrated Waste Solutions Inc. (Piwsi), a Prime Infra subsidiary, is set to fully acquire ARN Central Waste Management Inc., which currently receives around 1,000 […]
Central Japan, Dec 2, 2022 – (JCN Newswire via SEAPRWire.com) – Central Japan, the region in which the new anime-themed park famous for its sci-fi fantasy machines and vehicles debuted earlier last month, is quickly becoming the homeland of startups paving the way towards the future of mobility. Earlier this week, the Japan External Trade […]
Central bank governor Felipe M. Medalla on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand R. Marcos, Jr., saying transparency over its governance would be key. Mr. Medalla, in an interview with Bloomberg TV, said a key concern for him would be how the fund would […]
THE PESO moved sideways against the dollar on Thursday after the central bank delivered an aggressive rate increase to rein in rising inflation. — BW FILE PHOTO THE PESO moved sideways against the dollar on Thursday as the Bangko Sentral ng Pilipinas (BSP) delivered a widely expected 75-basis-point (bp) rate increase to fight inflation. The […]
The Philippines central bank may keep on matching the Federal Reserve’s next rate increases should domestic inflation continue to quicken, according to Governor Felipe M. Medalla. “If the inflation rate remains high, then we have to match” the Fed, Mr. Medalla said in an interview with Bloomberg Television’s David Ingles and Yvonne Man Friday. “If […]
A LOW-pressure area that developed into a tropical depression Wednesday morning is expected to strengthen into a storm by Thursday, according to the state weather bureau. “Further intensification is likely while moving over the Philippine Sea and may reach typhoon category on Saturday,” PAGASA said in its 5 p.m. bulletin on Wednesday. Tropical depression Paeng, […]
THE PESO weakened against the dollar on Monday as market players anticipate strong US data, which could cause the US Federal Reserve to continue its aggressive tightening. The local unit closed at P58.87 per dollar on Monday, shedding 12 centavos from its P58.75 finish on Friday, Bankers Association of the Philippines data showed. The peso […]