PHL, UNIDO reaffirm commitment to sustainable industrial, economic development

THE PHILIPPINES and the United Nations Industrial Development Organization (UNIDO) have signed a joint declaration reaffirming their commitment to accelerating sustainable industrial and economic development, according to a statement released Monday by the Department of Foreign Affairs.   “The Philippines’ partnership with UNIDO has been transformative to the country’s development landscape and has been instrumental in […]

G20 Sherpa committed to address global solutions

JAKARTA, Oct 1, 2022 – (ACN Newswire via SEAPRWire.com) – The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to seek solutions to myriad global problems. The 3rd Sherpa Meeting G20 Indonesia delegations travel around Borobudur Temple in Magelang, Central Java, Indonesia, Tuesday (29/9). (ANTARA PHOTO/Andreas Fitri Atmoko/POOL/rwa/FR) “During this […]

Diokno to US investors: PH is primed for a bright economic future

FINANCE Secretary and chairman of the Economic Development Cluster Benjamin Diokno showcased the Philippines’ solid macroeconomic fundamentals and “bright economic future” before American and international business communities at the Philippine Economic Briefing (PEB) in New York City, United States of America on Sept. 22, 2022.“As we pursue the economic transformation of the Philippines in the […]

Moody’s affirms PHL credit rating   

MOODY’S INVESTORS SERVICE on Thursday kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.” In a statement on Thursday, the credit rater affirmed the country’s long-term local and foreign currency issuer and senior unsecured ratings at “Baa2.”    “The rating action […]

Amazon, Apple and Google pledge training for women in Indo-Pacific

Fourteen US companies including Amazon.com Inc. and Visa Inc. each pledged to provide at least 500,000 digital training and education opportunities for women and girls in the Indo-Pacific region as part of a Biden administration initiative. The program, undertaken within the broader 14-nation Indo-Pacific Economic Framework for Prosperity, is focused on Brunei, Fiji, India, Indonesia, […]

Carvajal: Heroes as liberators

“Each and every one of us has been born into a given historical reality, ruled by particular norms and values, and managed by a unique economic and political system. We take this reality for granted, thinking it is natural, inevitable and immutable. We forget that our world was created by an accidental chain of events, […]

Carvajal: Branches of the same tree

Strictly speaking, a political turncoat is one that dumps the socio-economic and political beliefs of her/his party to join another party that swears by a different ideology. Our political parties, however, are essentially factions of one Extreme Right Party.Strictly speaking, therefore, party-jumping legislators are not turncoats but mere opportunists. Much like monkeys that instinctively hop […]

RI strives to bridge differences in G20 to overcome economic challenges

JAKARTA, Jul 18, 2022 – (ACN Newswire via SEAPRWire.com) – The third Finance Ministers and Central Bank Governors (FMCBG) meeting within the framework of Indonesia’s G20 Presidency kicked off in Nusa Dua, Badung, Bali, on Friday (July 15). The 3rd Finance Ministers and Central Bank Governors (FMCBG) Meeting of G20 in Nusa Dua, Badung, Bali, […]

IMF warns it will cut global growth forecast again with ‘darkened’ outlook

THE International Monetary Fund (IMF) warned it will again cut the forecast for global economic growth as impacts reverberate from Russia’s invasion of Ukraine, pandemic-related shutdowns in China and higher inflation.     The outlook for this year and next will be downgraded later this month when the IMF releases its World Economic Outlook Update, Managing Director […]

US Fed’s Mester backs 75-bp hike if economic conditions stay the same

Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75- basis-point (bp) hike in interest rates at the US central bank’s next monetary policy meeting in July. July’s meeting will likely involve a debate among Federal Open Market Committee (FOMC) policy makers […]

2022 Travel Itinerary Competition: Official Call for Design Submissions to Discover Charm of Sanya Economic Circle

China, Sanya , June 28, 2022 – (SEAPRWire) – Channels for submitting designs for the “2022 Travel Itinerary Competition” were officially opened on June 21, 2022. The event, which was first released online on May 30, 2022, as a prelude to the official launch, was organized by the Sanya Tourism Promotion Board together with tourism bureaus from other cities […]

Eisai Publishes Potential Economic Value of Investigational Lecanemab in Peer-Reviewed Neurology and Therapy Journal

TOKYO, Jun 22, 2022 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. today announced publication of results from an early phase evaluation that aimed to estimate potential economic value of its investigational anti-amyloid-beta (Abeta) protofibril antibody lecanemab in people living with early Alzheimer’s disease (AD) using a validated disease simulation model, AD Archimedes Condition […]

“2022 Travel Itinerary Competition” for China’s beachfront Sanya Economic Circle kicks off, Win totalling CNY 200,000 in cash awards

On May 30, the Sanya Tourism Promotion Board, together with tourism bureaus from other cities and counties of the Sanya Economic Circle, jointly organized the “2022 Travel Itinerary Competition”. The competition aims to enrich the cultural and tourism resources of the Sanya Economic Circle with brand-new local travel routes and promote the integrated development of the area. Trip.com Group […]

BIR to inspect ecozone BPOs’ compliance with on-site work rules

THE Bureau of Internal Revenue (BIR) said it formed a task force to inspect compliance with the government’s order to resume on-site work for economic zone locators in the Information Technology-Business Process Management (IT-BPM) industry. In a statement on Wednesday, BIR Deputy Commissioner Arnel SD. Guballa said that mission orders have been issued authorizing inspections […]

Pandemic pushes informal Spanish workers out of the shadows

MADRID/ROME — For decades, a cash-filled envelope — or “sobre” — was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries. COVID-19, however, may finally be putting paid to the “sobre,” economic data and workers’ experiences suggest — accelerating a six-year-long crackdown in Spain on the […]