IMF warns global economy recovery threatened by virus, inflation

THE International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called for greater efforts from wealthy nations to boost coronavirus vaccination rates in poorer countries, while also urging the Federal Reserve and other central banks to respond […]

Society Pass (SoPa) Announces close of Series C funding to accelerate growth in Southeast Asia

HANOI, Vietnam, Sep 29, 2021 – (ACN Newswire via – Society Pass (SoPa), Vietnam’s leading data-driven loyalty platform, has closed a Series C funding round. With the new funds, Society Pass will look to accelerate its growth and acquisition strategy in Southeast & South Asia, particularly acquiring companies with the existing user and merchant […]

Metro Manila retail price growth slowest in five months in July

RETAIL PRICE growth of general goods in the National Capital Region eased to its slowest pace in five months in July, the Philippine Statistics Authority (PSA) reported on Friday.  The general retail price index (GPRI) registered a 1.8% growth in July, decelerating from the 2% rise in June but faster than the 1.5% a year ago.  The July performance marked […]

PHL expected to miss official growth targets due to extended lockdowns

PHILIPPINE ECONOMIC growth is expected to come in below the growth targets set by the government with a performance of 3.5% this year and 6.5% in 2022, due to the continued lockdowns, GlobalSource Partners said. GlobalSource, a macroeconomic and geopolitical risk research house, said it has reduced its gross domestic product growth forecast for 2021 […]

Techtronic Industries Delivers Exceptional First Half Sales Growth

HONG KONG, Aug 11, 2021 – (ACN Newswire via – Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2021. The Group delivered extraordinary results for the first half of 2021, […]

Philippine manufacturing production rises for third month in a row

The country’s factory output sustained its rebound for the third straight month in June, the Philippine Statistics Authority (PSA) reported on Friday.  Preliminary results from the PSA’s latest Monthly Integrated Survey of Selected Industries showed the volume of production index surging by 453.1% year on year in June, faster than the revised 263.2% annual growth […]

Crisis tested extractive industries’ resiliency, official says

THE EXTRACTIVE industries were tested by the sharp decline in demand caused by the pandemic, which put the sector’s traditional resiliency to the test, a finance department official said. During the eighth National Conference of the Philippine Extractive Industries Transparency Initiative Thursday, Finance Assistant Secretary Maria Teresa S. Habitan said the shock was so great […]

IT-BPM stakeholders cautiously optimistic about industry growth, cite action plans

INDUSTRY stakeholders in Cebu’s information technology-business process management (IT-BPM) space are anticipating industry growth amid a pandemic-stricken business environment. Forecasts of the IT and Business Process Association of the Philippines point to US$30 billion in revenues and increased headcount to 1.5 million full-time employees by end of 2022 despite the scarring effects of the pandemic […]

PH exports post 29.8% growth in May

THE Philippine exports have led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed US$5.89 billion to total trade, or a 29.8 percent growth for May 2021, over the previous year’s $4.54 billion. This effectively shrunk the balance of trade by $329.9 […]

Software AG to Power Growth Across APJ with New Senior Executive Hires

SINGAPORE, Jun 3, 2021 – (ACN Newswire via – Software AG (Frankfurt MDAX: SOW) today announced a number of senior executive appointments in Asia Pacific and Japan (APJ). This forms the cornerstone of the company’s plan to establish a leadership team that can better support its customer and partner bases in the region, underscoring […]

Global Internet of People Inc. Posts Robust 2020 Business Growth

SHANGHAI, May 7, 2021 – (ACN Newswire) – Global Internet of People, Inc. (NASDAQ:SDH), an operator of a knowledge sharing and enterprise service platform via mobile application and through local centers in China, is one of the few knowledge-sharing platform companies that has reported robust business performance in the past year. The company has posted strong growth and generated […]