STOCK PHOTO | Image by Gerhard Traschütz from Pixabay LONDON – At least six more oil tankers were steering clear of the southern Red Sea on Monday, as disruptions increase on the vital route for energy shipping in the wake of US-led strikes against Houthi targets in Yemen. Following the U.S. and […]
UK’s FTSE 100 slips as luxury, bank stocks weigh
The UK’s FTSE 100 fell on Monday, hurt by a sell-off in luxury and bank stocks, while lackluster corporate earnings forecasts weighed on the FTSE 250 shares. The blue-chip FTSE 100 slid 0.4%, while the midcap FTSE 250 index was flat at the close. Personal goods index fell 4.4%, with Burberry extending losses […]
Philippines hopes to sign troops pact with Japan in Q1
JAPAN and Philippine air force officers during a bilateral training on humanitarian assistance and disaster relief held at Clark Air Base in Pampanga in June 2022. — JAPANESE EMBASSY PHOTO The Philippines hopes to sign in the first quarter of the year an agreement with Japan allowing the deployment of […]
PHL reaffirms ‘One China policy’ after Marcos congratulates Taiwan’s Lai
PRESIDENT Ferdinand R. Marcos, Jr. at the New York Stock Exchange. — OFFICE OF THE PRESS SECRETARY The Philippines’ foreign ministry on Tuesday reaffirmed the country’s “One China policy” after its president, Ferdinand R. Marcos, Jr., congratulated Taiwan’s new leader Lai Ching-te. Mr. Marcos on Monday congratulated Mr. Lai for […]
Wilcon Depot kicks off year with first DIW store opening in Morong, Rizal
Wilcon Depot celebrates a milestone with the grand opening of its 1st Do It Wilcon Store in Morong, Rizal – marking the 6th branch in the province, bringing quality home solutions closer to its valued customers. Leading the ceremonial ribbon cutting are (L-R) Wilcon Depot AVP for Sales and Operations […]
South Korea Moves to Curb Crypto Speculation: Bans Credit Card Purchases
<?xml encoding=”utf-8″ ?????????> With the most recent proposal from the Financial Services Commission to amend the Credit Finance Act, the country’s perspective on bitcoin transactions is opening up a new avenue. With this action, mainly intended to stop money laundering and reduce speculative trading, South Korea is now leading international […]
How Energy Storage Technologies are Empowering Renewable Energy
<?xml encoding=”utf-8″ ?????????> Shifting from energy sources to renewables is a significant moment in our environmental progress. However, this transition is not, without its set of challenges. Unlike fossil fuels that deliver a steady energy supply; wind and solar power are intermittent by nature. Our journey towards sustainability, demands both […]
Nov. cash remittances sink to six-month low
REUTERS By Keisha B. Ta-asan, Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) reached $2.719 billion in November — the lowest in six months — amid geopolitical tensions in the Middle East and a stronger peso against the dollar. Cash remittances grew by 2.8% from $2.644 billion a year […]
Philippine-China tensions over South China Sea may have wider implications for region — Moody’s
A Philippine supply boat sails during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, Oct. 4, 2023. — REUTERS THE DISPUTE between the Philippines and China over the South China Sea could have more widespread effects on the Asia-Pacific region, Moody’s Investors […]
Recto officially takes over DoF
FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE FACEBOOK PAGE FORMER CONGRESSMAN and Senator Ralph G. Recto on Monday officially took over the Department of Finance (DoF) from Benjamin E. Diokno, at a time when the government needs to ramp up its fiscal consolidation efforts. “Our task is to […]