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Bullish amid wars
Two hot wars and a trade war are ongoing......»»
US, UK accuse China of cyberespionage that hit millions of people
The aim of the global hacking operation was to 'repress critics of the Chinese regime, compromise government institutions, and steal trade secrets,' Deputy US Attorney General Lisa Monaco says.....»»
UN Security Council demands immediate Gaza ceasefire after US abstains
(1st UPDATE) The US abstains from the vote to allow the Security Council to demand an immediate ceasefire amid growing global pressure for a truce.....»»
EcoWaste Coalition: True Radiance Comes from Within, Not from Skin Lightening Products with Mercury
23 March 2024, Quezon City. The toxics watchdog group EcoWaste Coalition, which has been tracking mercury in skin-lightening cosmetics in the Philippines since 2011, reiterated its support for the global effort to put an end to the persistent production, trade, and consumption of racist beauty products with mercury content that claim to whiten the skin and deal with other.....»»
UN Security Council demands immediate ceasefire in Gaza
The US abstains from the vote to allow the Security Council to demand an immediate ceasefire amid growing global pressure for a truce.....»»
EcoWaste Coalition: True Radiance Comes from Within, Not from Skin Lightening Products with Mercury
23 March 2024, Quezon City. The toxics watchdog group EcoWaste Coalition, which has been tracking mercury in skin-lightening cosmetics in the Philippines since 2011, reiterated its support for the global effort to put an end to the persistent production, trade, and consumption of racist beauty products with mercury content that claim to whiten the skin and deal with other.....»»
DOT seeks inclusion in protected areas board amid Chocolate Hills issue
Department of Tourism Sec. Christina Frasco —INQUIRER.net file photo / Ryan Leagogo After the recent controversy surrounding a resort development near Chocolate Hills in Sagbayan town, Bohol, the Department of Tourism (DOT) announced plans to advocate for its inclusion in the national government’s Protected Area Management Board (PAMB). Tourism Secretary Christina Frasco stated during a.....»»
Donald Trumps $3.5bn windfall at stake in Spac deal showdow
The Financial Times, known for its in-depth coverage of global business, economics, and politics, is now offering a special subscription deal for its print edition......»»
‘Business as usual’ for FDCP after Tirso Cruz III resigns as chair
It’s “business as usual” for the Film Development Council of the Philippines amid the surprise resignation of Tirso Cruz III, who served as chair of the government agency for film for less than two years......»»
PPP mode draws interest from Swedish businesses
Businesses in Sweden are open to investing in the Philippines via public-private partnerships amid improving macroeconomic fundamentals and business climate......»»
BOC creates body to solve trade woes
The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»
Health and Wellness Products are Booming in Cebu Amid Post-Covid Scenario
The sale of health and wellness-related products is booming in Cebu as the country continues to reel from the effects of the COVID-19 pandemic some three years ago. And this is why an exporter couple from Cebu invested in these products diversifying their existing business into a retail market for health equipment. Owners Paul and […].....»»
Business as Usual
It is business as usual for most of the public utility vehicles in Davao City amid calls for a nationwide transport strike on Wednesday (27 December 2023). Transport groups have staged a nationwide transport strike in protest of the public utility vehicles (PUV) modernization program. MindaNews photo.....»»
Pushing bids on Christmas day
Amid all the merrymaking, family gatherings and sumptuous feasts, it’s all business on Christmas Day for four teams in hot pursuit of coveted positions in the PBA Commissioner’s Cup quarterfinals......»»
DOE urges Pinoys, businesses to be energy-efficient
The Department of Energy is urging the country’s business sector and households nationwide to intensify their efforts on energy efficiency and conservation amid El Niño......»»
Cebu Needs More Power Plants Amid Thinning Reserves, Says NGCP
Power demands in the Visayas specifically Cebu are drastically increasing and new power plants are needed now even more, officials from the National Grid Corporation of the Philippines (NGCP) told reporters in an interview. Although Cebu has enough power supply, the reserves are getting thin and the demand is rising as more industries and business […].....»»
`Business as usual’ amid quake, MSU Marawi blast - PCCI Minda
`Business as usual’ amid quake, MSU Marawi blast - PCCI Minda.....»»
D& L bullish on coco biodiesel business
D&L Industries Inc., the listed specialty food ingredients and oleochemicals producer, is optimistic about the prospects of its coco-biodiesel blend business amid reports the government plans to increase the mandated blend to three percent next year from two percent at present......»»
Century Properties eyes strong yearend
Century Properties Group Inc. is optimistic it will finish the year strong, anticipating an even more robust performance in 2024 amid the continuing improvement in the business environment......»»
Bankman-Fried to testify at his US crypto trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his defense on Thursday at his criminal fraud trial. Bankman-Fried's decision to take the stand comes after three weeks of devastating testimony for the 31-year-old known as SBF, who has been accused of stealing billions of dollars from clients. His lawyer, Mark Cohen, told Judge Lewis Kaplan he expected Bankman-Fried's testimony to last for four or five hours. He is expected to begin around 2:00 p.m. (1800 GMT). Prosecutors were wrapping up their case on Thursday and handing it over to the defense, which said it plans to call four witnesses, including Bankman-Fried. Bankman-Fried, once one of the most respected figures in crypto, has been charged with seven counts of fraud, embezzlement, and criminal conspiracy. If convicted, he could face a de facto life sentence of more than 100 years in prison. The Massachusetts Institute of Technology graduate had, in just a few years, turned his FTX platform into the world's second-biggest crypto exchange -- making him a tech-world billionaire wunderkind. But his empire began to crumble last November when a news report pointed to unhealthy ties between FTX and Alameda Research, Bankman-Fried's personally owned trading company. Amid growing revelations, major investors pulled their money out of FTX, sinking it swiftly into bankruptcy. Some $8.7 billion was still unaccounted for after the dust settled, according to the receiver appointed to manage the liquidation. Bankman-Fried has denied taking other people's money, blaming former colleagues for the situation. But key witnesses in recent weeks, all former FTX or Alameda employees, refuted his account. Supported by internal documents compiled by the prosecution, they said he was behind the breaches and did not lose sight of the financial situation of FTX and Alameda. Ex-girlfriend offers evidence Among those taking the stand was Caroline Ellison, Bankman-Fried's former business partner and girlfriend. She offered conclusive evidence against him and delivered details on his management, saying he was involved in all major decisions. Ellison, a Stanford University mathematics graduate, was appointed by Bankman-Fried in 2021 to head Alameda, whose activities were largely financed by money from customers of FTX without their knowledge. She has pleaded guilty to fraud charges and agreed to cooperate with the prosecution, as have two other close associates of Bankman-Fried. Bankman-Fried's decision to testify in his defense is unusual in a country where criminal defendants generally decline to do so because they have to face cross-examination and run the risk of incriminating themselves. Hollywood producer Harvey Weinstein, comedian Bill Cosby, singer R. Kelly, and drug trafficker Joaquin "El Chapo" Guzman were among high-profile defendants who declined to testify at their recent trials. A Cornell University study of hundreds of trials published in 2009 found that 77 percent of defendants who chose to testify were convicted while 72 percent of those who declined to take the stand were found guilty. The post Bankman-Fried to testify at his US crypto trial appeared first on Daily Tribune......»»