Tag: bworldonline
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Slowing PHL remittances may weaken consumption
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PHILIPPINE domestic demand could ease this year as remittance inflows are muted by reduced overseas hiring, Pantheon Macroeconomics said.
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Peso won’t derail rate cuts in Q4
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THE Philippine central bank would cut its key rate as early as the fourth quarter despite the peso’s slide to a 17-month low, according to Governor Eli M. Remolona, Jr.
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No more minimum commission for stockbrokers — SEC
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THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market. “The new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of…
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Philippines in talks with OceanX for marine research
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SINGAPORE — US-based exploration startup OceanX on Wednesday said it is in talks with the Philippine government to conduct marine research in its waters to help harness the potential of its blue economy.
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Visayas under red alert; yellow raised over Luzon
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THE VISAYAS GRID was again placed on red and yellow alerts on Wednesday, while the Luzon grid was put under yellow alert, with more than 30 power plants still either on forced outage or operating at limited capacity, according to the National Grid Corp. of the Philippines (NGCP).
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Filinvest REIT eyes acquisitions to bolster portfolio
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THE GOTIANUN family’s Filinvest REIT Corp. on Wednesday announced plans for potential property acquisitions. “Our sponsor, Filinvest Land, Inc. (FLI) alone, has about 532,000 square meters (sq.m.) of office and retail gross leasable area (GLA) in key central business districts that are potential acquisitions for Filinvest REIT in the near…
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US defense chief speaks with Chinese counterpart, Pentagon says
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WASHINGTON – US Defense Secretary Lloyd Austin spoke with China’s defense minister on Tuesday, the first engagement the two have had in more than a year as the two countries seek to restore military ties. The phone call comes as US President Joe Biden and Chinese President Xi Jinping have sought to manage tensions; the…
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UN committee unable to agree on Palestinian bid for full membership
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UNITED NATIONS – A United Nations Security Council committee considering an application by the Palestinian Authority to become a full U.N. member “was unable to make a unanimous recommendation” on whether it met the criteria, according to the committee report seen by Reuters on Tuesday. The Palestinian Authority is still expected to push the 15-member Security…
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Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud, documents show
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HANOI – Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud, according to three bank documents and new official information provided to Reuters by a person with access to the documents. “Without lending, SCB will collapse,” according to the…
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Judge temporarily blocks Ohio gender-affirming care ban
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An Ohio judge on Tuesday temporarily blocked a Republican-backed state law banning gender-affirming care, such as puberty blockers and hormones, for transgender minors from taking effect later this month. Judge Michael Holbrook of the Franklin County Court of Common Pleas said that the two transgender children and their families who…