More short-term foreign investments fled the Philippines for a second straight month in October amid uncertainty in global markets and lingering concerns over inflation. Foreign portfolio investments (FPI) — commonly referred to as “hot money” due to the ease by which these flows enter or leave an economy — posted a net outflow of $221.11 […]
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Inventi on track to double revenues
PROPERTY TECHNOLOGY company Inventi said it is expected to more than double last year’s sales of its cloud-based property management solution. “As more and more real estate companies are realizing the value of digitization, we are on track to more than double last year’s revenues in 2021,” Joseph Tay, managing partner of Inventi, said in […]
Comitted to ESG, Pertamina develops climate village
Glasgow, Scotland, Nov 12, 2021 – (ACN Newswire via SEAPRWire.com) – PT Pertamina (Persero) has been implementing four community programs, based on adaptation and mitigation approaches as its Environmental, Social, and Governance (ESG), to support the government’s climate village program on reducing carbon emission. “In conducting the climate village program, Pertamina facilitates multi-stakeholders and multilevel […]
Peso climbs on strong Q3 GDP growth
THE PESO rose on better-than-expected gross domestic product data. — BW FILE PHOTO THE PESO strengthened versus the greenback on Tuesday amid upbeat sentiment on the Philippine economy following better-than-expected growth in the third quarter. The local unit ended trading at P50.091 per dollar on Tuesday, gaining 6.9 centavos from its P50.16 close on Monday, […]
PSEi rises on Q2 GDP revision, lower virus cases
STOCKS continued to rise on Monday on hopes of a further easing in mobility restrictions as coronavirus cases remained low and after the government said the economy grew faster than initially reported in the second quarter. The 30-member Philippine Stock Exchange index (PSEi) rose by 55.45 points or 0.75% to close at 7,396.22 on Monday, […]
BSP operations vs counterfeiters lead to seizure of over 500 fake banknotes
THE CENTRAL BANK’S enforcement operations led to the confiscation of over 500 counterfeit notes valued at P480,000. THE BANGKO SENTRAL ng Pilipinas (BSP) implemented seven enforcement operations in the first nine months against currency counterfeiters. This led to the seizure of more than 500 pieces of counterfeit Philippine banknotes with a notional value of more […]
Locking guests inside Disneyland shows China’s extreme tactics vs COVID-19
Visitors are seen at Shanghai Disney Resort in China May 10, 2020. — REUTERS/ALY SONG/FILE PHOTO WHILE THOUSANDS of visitors to Shanghai Disneyland on Sunday were queuing for roller coasters and watching fireworks above the fairytale castle, staff quietly sealed the amusement park. People in Hazmat suits streamed in through the gates, preparing to test […]
AMRO cuts Philippine growth outlook
The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in the region, according to the ASEAN+3 Macroeconomic Research Office (AMRO). AMRO’s latest estimate published on Friday is weaker than the 6.9% forecast it gave in March, and is near the lower end of the government’s 4-5% full-year growth target. The research […]
BTr fully awards reissued bonds at higher rate on inflation fears
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday, even as its average rate was higher than expected on inflation concerns. The Bureau of the Treasury (BTr) on Tuesday borrowed P35 billion as planned via the reissued five-year Treasury bonds (T-bonds) with a remaining life of four years […]
EC Healthcare expects to achieve a record-high sales volume in first half of FY21/22
HONG KONG, Oct 11, 2021 – (ACN Newswire via SEAPRWire.com) – EC Healthcare (the “Company”, which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce the Group’s expected to achieve a record-high sales volume from April to September […]
World should deter China aggression toward Taiwan, says former Aussie PM
By Alyssa Nicole O. Tan The threat of China invading Taiwan is growing every day, which should push world leaders to work together in ways never done before, former Australian Prime Minister Anthony John Abbott said on Friday. “The more aggressive it becomes, the more opponents it will have,” he told an online forum organized […]
NYC office market revives with tech firms hunting for space
NEW YORK’S battered office market is drawing more interest from tech companies that are hungry for space even as the pandemic upends traditional work. Roku, Inc. and Microsoft Corp. are among firms in talks for new leases in Manhattan. Amazon.com, Inc. and Facebook, Inc. have explored options to expand their offices. Digital-payments firm Stripe, Inc. […]
Asia’s fashion showcase CENTRESTAGE concludes
HONG KONG, Sep 13, 2021 – (ACN Newswire via SEAPRWire.com) – Asia’s premier fashion event CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region, drew to a successful close yesterday. The three-day extravaganza (10 to 12 September) […]
Tabada: Covid coincidence
The prefix “co-” is diminutive but powerful. Attached to a noun, verb or adjective, the prefix creates a new word that implies “together” or “mutual”: We are co-producers, coexisting and cooperative. What about “Covid”? I remind myself that the co(rona)vi(rus) d(isease of 20)19 does not lead off with a prefix; it is an acronym officially […]
Create a personalized trading ecosystem with one click – In-depth analysis of ChainUP SaaS trading system
Looking at the development of the crypto market, two apparent trends are happening currently. First and foremost, the competition among the tracks is becoming more and more fierce as the industry continues its refinement. Secondly, the number of small and medium-sized startup institutions is growing tremendously, indicating that the crypto industry is gradually maturing, and […]
Southeast Asia assets go from bad to worse as Delta hurts region
A combination of Delta variant surge and low vaccination rates has made Southeast Asia the world’s worst virus hotspot and its financial markets are feeling the brunt. Stocks have slumped as deaths in the region soar, with benchmarks in the Philippines and Vietnam leading global declines over the past month. Del Monte Philippines delayed its initial […]
An industry at a crossroads – reimagining the automobile company
HONG KONG, Aug 4, 2021 – (ACN Newswire via SEAPRWire.com) – The automotive industry is at a crossroads. Traditional automakers, or original equipment manufacturers (OEMs), are in the midst of a tsunami that not all of them will survive. What will be the reason for their demise? Besides the transition from internal combustion engine (ICE) […]
ChainUP White-Label Exchange Software Opens Up a New Future for Exchanges
Recently, the middling digital currency market has given the hot market a brief moment to recuperate. However, digital asset exchanges have never slowed down in the undercurrents of white-label exchange software competition. To be a white-label exchange software that can grow in the long run, technical support, risk control security, personalized innovation, and user base are all […]
COA flags overpriced medical supplies, equipment
THE Commission on Audit (COA) found out that the Mandaue City Government procured medical supplies and equipment that were overpriced by a total of P2.26 million. State auditors have sought a written explanation for the overpricing of the procured items by a range of 33.33 percent to 757.14 percent. For each of the 2,000 pieces […]
Peso extends decline as more countries tighten restrictions due to surge
THE PESO weakened further versus the greenback on Monday as more countries imposed lockdowns due to a fresh surge in infections and following China’s unexpected monetary easing. The local unit closed at P50.12 per dollar, depreciating by four centavos from its P50.08 finish on Friday, based on data from the Bankers Association of the Philippines. […]