STOCK PHOTO HONG KONG – US Treasury official Brent Neiman visited Hong Kong on Thursday, the highest ranking Treasury official to visit the financial hub since 2019, U.S. authorities said, as Washington aims to deepen ties with Beijing despite rising tensions. The US Department of the Treasury said on Thursday that Neiman, the department’s assistant […]
Malaysia says it penalized 400 companies this year for labor offenses
KUALA LUMPUR – Malaysia has taken action against 400 companies so far this year for violating labour laws, state news agency Bernama reported, citing Human Resources Minister V. Sivakumar. The ministry’s labour department issued fines totaling 2.17 million ringgit ($463,000) against 272 employers, while the courts fined 128 employers a combined […]
China newspaper says EU probe into EVs ‘excessive’, sparked by ‘jealousy’
A SIGN is pictured on an electric car charging station at the United Nations in Geneva, Switzerland, June 2, 2017. — REUTERS BEIJING – The nationalist Chinese newspaper Global Times described as “excessive” Europe’s probe into cheaper Chinese electric vehicles (EVs), and said China‘s superior […]
‘Alien bodies’ presented in Mexican Congress panned as ‘stunt’
STOCK PHOTO Image by Paweł from Pixabay MEXICO CITY – A UFO hearing in Mexico’s congress that featured the presentation of alleged remains of non-human beings faced swift international backlash on Thursday, with critics labeling it a “stunt,” and questions from […]
When the Balance Sheet Crumbles: A Deep Dive into Corporate Bankruptcy
<?xml encoding=”utf-8″ ?????????> The world of finance is a dynamic, ever-evolving ecosystem. Yet, amidst its many complexities and fluctuations, one occurrence retains a timeless relevance – corporate bankruptcy. The implications of a company’s decision to dissolve the company and declare bankruptcy extend far beyond its immediate stakeholders. It reflects the […]
Remolona sees no need for rate hike if there are no new supply shocks
A woman receives cash as part of the government’s subsidy program for small retailers affected by the imposition of a price ceiling on rice. — PHILIPPINE STAR/WALTER BOLLOZOS By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng […]
Vehicle sales jump by annual 22% in August
New vehicle sales climbed by 22% in August. — REUTERS AUTOMOBILE SALES in the Philippines registered a double-digit annual growth in August but saw a month-on-month sales decline amid elevated inflation. A joint report by the Chamber […]
WTO chief pushes deals on fishery, agri subsidies, says it will be tough
World Trade Organization Director-General Ngozi Okonjo-Iweala talked about her expectations for the 13th Ministerial Conference in Abu Dhabi in February during a briefing with journalists in Geneva on Sept. 13. — NORMAN P. AQUINO By Norman P. […]
More banks urged to remove fees on small transfers
DAVID DVORACEK-UNSPLASH THE PHILIPPINE central bank is looking to formalize the removal of fees for electronic fund transfers on small-value transactions to encourage more Filipinos to use digital payments, its chief said. BSP Governor Eli M. Remolona, […]
Aboitiz unit expects artificial intelligence to bring more jobs
RAWPIXEL-FREEPIK ARTIFICIAL INTELLIGENCE (AI) is expected to boost the country’s workforce, the top official of Aboitiz Data Innovation Pte. Ltd. (ADI) said over concerns that emerging technologies will potentially disrupt traditional jobs in the Philippines. “Artificial intelligence […]