HIROSHIMA, Japan, Jan 28, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for December 2021 and for January through December 2021 are summarized below. I. Production 1. Domestic Production (1) December 2021Mazda’s domestic production volume in December 2021 decreased 0.5% year on year due to decreased production of passenger […]
FOR the second straight year, DMCI Holdings and Semirara Mining and Power Corp. landed in the Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index…
SAMSUNG Electronics Co. said Thursday, Jan. 27, 2022, its operating profit for the last quarter rose by more than 53 percent from the same period last year as it continued to thriv…
KUALA LUMPUR & TAIPING, Jan 19, 2022 – (ACN Newswire via SEAPRWire.com) – Spritzer (the “Company”) invites visitors to celebrate the Year of the Tiger at the decorated Spritzer EcoPark in Taiping, Perak from 18 January – 18 February 2022. Spritzer invites visitors to celebrate the Year of the Tiger at the decorated Spritzer EcoPark […]
BANGKO Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno has been named The Banker’s “Global Central Banker of the Year 2022.”The Banker—an influential international monthly banking,…
By Luz Wendy T. Noble, Reporter More foreign portfolio investments entered the Philippines than they left in November, amid improving economic conditions that boosted investor sentiment, according to the central bank. So-called hot money posted a net inflow of $109.56 million last month, 52% lower than a year earlier, based on Bangko Sentral ng Pilipinas (BSP) data released on Friday. But it was a turnaround from […]
President Rodrigo R. Duterte has vetoed three minor items in the 2022 budget without funding, according to the Budget department. “The vetoed items were not crucial,” Budget officer-in-charge Tina Rose Marie L. Canda told an online news briefing on Friday in Filipino. Among the vetoed items is the application of the Agrarian Reform law to state universities and colleges and a program on gender-aware restrooms under the Transportation department, she said. Mr. Duterte on […]
EMERGING-MARKET assets are set to rise in 2022 as moderating inflation and accelerating growth trigger gains, but it won’t happen until the second half of the year. That’s the consensus among investors like Goldman Sachs Group, Inc., Morgan Stanley and JPMorgan Chase & Co. who spoke with Bloomberg on the outlook for developing-nation stocks, bonds […]
By Jenina P. Ibañez, Senior Reporter The budget deficit widened in November as health and public works agencies continue to ramp up spending amid the coronavirus pandemic, the Bureau of the Treasury (BTr) reported. Preliminary data from the BTr on Friday showed the fiscal gap stood at P128.7 billion in November, inching up 0.33% from […]
Mitsubishi UFJ Financial Group Inc. is preparing to launch a fund that provides debt financing to Asian startups in an effort to win investment-banking business through subsequent initial public offerings. Japan’s largest lender will start a $300 million fund early next year after upsizing its first joint-venture fund earlier this year, Chief Executive Officer Hironori Kamezawa said […]
SALARY increases in Indonesia are on track to rebound to pre-pandemic levels next year as the economy recovers and employers beef up their workforce, a new survey showed. Median pay hikes in Southeast Asia’s largest economy are forecast to hit 6.5% in 2022, well above the 5.3% registered this year, but still slightly under the […]
ELECTION-RELATED government spending restrictions could prove to be a drag on economic expansion next year, bucking the trend in emerging Asia, Pantheon Macroeconomics said in a report. Pantheon Senior Asia Economist Miguel Chanco said the Philippines is the only economy in which it expects growth to slow down next year, which would force the central […]
By Jenina P. Ibañez, Senior Reporter INVESTOR pressures would likely challenge the Philippine central bank’s accommodative stance next year amid monetary tightening by its counterparts across the globe, Fitch Solutions Country Risk & Research said. In a report, Fitch Solutions on Friday said it expects the US Federal Reserve to raise key interest rates by 50 basis points next year, potentially putting pressure on the Philippines to follow suit. “This […]
PHILIPPINE OUTBOUND investment in greenfield projects declined at a pace outstripping those of other Asia-Pacific economies in the first nine months, the United Nations said in a report. The Asia-Pacific Trade and Investment Trends 2021/2022 report released Wednesday said outbound greenfield investment in the region has been falling since 2018. In the report, the United […]
TOKYO, Dec 13, 2021 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Motors Corporation today announced that the plug-in hybrid electric vehicle (PHEV) model of the all-new Outlander crossover SUV won the Technology Car of the Year in the 2021-2022 Car of the Year Japan(1) awarded to car with innovative technologies for eco-friendliness and safety. All-new […]
Net inflows of foreign direct investments (FDI) climbed to $660 million in September, although this was the lowest in four months as the elevated number of coronavirus disease 2019 (COVID-19) cases dampened investor sentiment. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed FDIs increased 30.4% year on year to $660 million in September […]
MANILA – The Philippine central bank on Friday released revised projections for the current account and balance of payments this year and for 2022, reflecting it said the global economy’s recovery as well as lingering pandemic-related risks. The Bangko Sentral ng Pilipinas (BSP) now expects the country’s current account this year to post a deficit of $4 […]
THE late Archbishop Teofilo Camomot may be declared as “Venerable,” or the second step toward sainthood, before the end of the year. This was confirmed by Cebu Archbishop Jose Palma during a gathering with Cebu’s media at his residence on Friday, December 4, 2021. Palma told reporters that he was informed by Vatican officials on […]
HONG KONG, Dec 1, 2021 – (ACN Newswire via SEAPRWire.com) – Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, is delighted to announce the robust sales performance and business growth progress attained this year […]
THE DIGITAL LENDER of UnionBank of the Philippines, Inc. has received regulatory approval for its incorporation, keeping it on track to meet is targeted 2022 launch. UnionBank has received the Securities and Exchange Commission’s (SEC) approval for the articles of incorporation and by-laws of UnionDigital Bank, Inc. on Nov. 25, it said in a filing […]