ADB warns of risks as cross-border banking takes hold in region

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 […]

Fujitsu develops supercomputer system for Taiwan’s Central Weather Bureau for numerical weather forecasting

TOKYO, Jan 17, 2023 – (JCN Newswire via – 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 […]

Former central bank economist named Peru’s new finance chief

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 […]

Rama: Razon group’s entry in Cebu City’s waste management ‘positive development’

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 […]

Razon’s firm set to acquire Binaliw private landfill operator’s company

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 […]

Startups rapidly emerging from Central Japan – local entrepreneurs explain why

Central Japan, Dec 2, 2022 – (JCN Newswire via – 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 […]

Peso inches lower vs the dollar

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 […]

16th storm of the year seen to intensify; brings heavy rains to central, northern PHL

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, […]