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BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
AMLC to be invited in next Senate hearing on Quiboloy s alleged abuses
The Senate women and gender equality committee has invited the AMLC to attend the next hearing as the panel seeks to determine the extent to which Quiboloy siphoned funding from KOJC followers through money laundering......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
NTF-Elcac seeks more funds for former ‘rebel-infested’ brgys
THE National Task Force to End Local Communist Armed Conflict (NTF-Elcac) is seeking more funding support for barangays that were formerly infiltrated or influenced by communist rebels......»»
SPNEC seeks funding boost for world’s biggest solar farm
Manuel V. Pangilinan-led SP New Energy Corp. is looking to bring in partners, particularly foreign investors, to help finance the development of the P200-billion Terra Solar development in Nueva Ecija and Bulacan, which will become the world’s largest solar project once completed......»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
Argentine oil producers rebel against Milei government
A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»
Coconut processors want more funding for VCO research
The Department of Science and Technology and the Philippine Coconut Authority need to fund more studies to prove the health benefits of virgin coconut oil, a coconut processors group said......»»
‘Imee budget realigning led to millions not receiving 4Ps’
Nearly 4.3 million poor Filipinos were deprived of cash aid under the government’s Pantawid Pamilyang Pilipino Program in 2023 after Sen. Imee Marcos realigned the 4Ps funding of P13 billion in the national budget to another social amelioration program, a member of the House of Representatives said yesterday......»»
NAIA project eyed to jumpstart P40 billion Maharlika investments
The Maharlika Investment Corp. is setting its sights on the recently awarded Ninoy Aquino International Airport rehabilitation as one of about 10 projects where it intends to invest the MIC’s P40-billion funding this year......»»
DBM approves P455-million funding to aid rice farmers
The DBM said that the fund was released to the Department of Agriculture (DA) and three other Government-Owned and Controlled Corporations to cover the fund’s operating requirements for the first quarter of 2024......»»
More funding to Hawke s Bay and Tairwhiti
Urgent work to clean-up cyclone-affected regions will continue, thanks to a $63 million boost from the Government for sediment and debris removal in Hawke's Bay and Tairwhiti. .....»»
India: Laws Misused to Crack Down on Peaceful Dissent
(New York) - India's Bharatiya Janata Party (BJP)-led government is using abusive foreign funding laws, trumped-up financial investigations, and other means to unlawfully attack civil society groups, Human Rights Watch said today. The arbitrary use of the Foreign Contribution Regul.....»»
ROW process for Mindanao railway underway
The government is focused on securing right-of-way for the Mindanao Railway project for the meantime as it has yet to find a new funding source for the infrastructure......»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»
Gaza: Suspending UNRWA Aid Risks Hastening Famine
(New York) - Governments should continue funding the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), given its vital role in averting a humanitarian catastrophe and the risk of famine in the Gaza Strip, while the agency investigates allegations that 12 of its staff were involved in the Hamas-led October 7.....»»
Hungary Defies EU Blackmail on Ukraine Funding – The Daily Guardia
The Daily Guardian: Financial Times Offers Discounted Price for Readers In a move to provide convenience and accessibility to its readers, the Financial Times (FT).....»»
UN urges countries to reverse funding pause for Palestinian agency
Most of Gaza's 2.3 million people are reliant on the aid UNRWA provides, including about one million who have fled Israeli bombardments sheltering in its facilities.....»»