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Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes
Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes.....»»
MSC, MWI slated at Esports World Cup in Saudi Arabia
Venturing outside Southeast Asia for the first time, the rebranded midyear tournament of Mobile Legends Bang Bang (MLBB), the MLBB Mid Season Cup (MSC) as well as the MLBB Women’s Invitational will be happening in Riyadh, Saudi Arabia during the first Esports World Cup......»»
Saudi Government Uses European Football to Sportswash its Reputation
Saudi Government Uses European Football to Sportswash its Reputation.....»»
The Daily Guardian: Competitive Battle for Market Share Arises as U.S. Oil Production Soars
Title: Saudi Arabia Struggles to Stabilize Oil Prices Amid Rising US Production In a bid to support oil prices, Saudi Arabia and its OPEC+ allies.....»»
Nobody benefits from a China downturn
For decades after the end of the Mao Zedong regime, China embarked on an economic revolution led by Deng Xiaoping. In the 1990s and the early part of the 21st century, China’s comparatively technocratic leadership promoted private enterprise......»»
Duterte calls Philippine president a drug addict as rift deepens - Philippines
Ferdinand Marcos Jr hits back with fentanyl insult amid breakdown in relations between political families The former Philippine president Rodrigo Duterte accused his successor, Ferdinand Marcos Jr, of being a drug addict who risked being ousted from office in an expletive-laden tirade that underlined the breakdown in relations between the two powerful political families. Dutertes speech on Sunday, in which he claimed Marc.....»»
Market downturn presents opportunities to hunt for bargains
Investors are expected to seek out bargains this week following the stock market’s recent slump......»»
President Marcos Jr treads fine line with China as Philippines deepens ties with US, Japan
Manila [Philippines], April 13 (ANI): Amid growing tensions in the South China Sea between Beijing and Manila, the presidents of the United States, Japan, and the Philippines have formed an unprecedented level of collaboration to counter China, reported Al Jazeera. According to Al Jazeera, while US President Joe Biden and Japan's Prime Minister Fumio Kishida have stressed the security aspects of their cooperation, Philipp.....»»
Authority dispute between MCWD, LWUA deepens
CEBU CITY, Philippines – The interim board of the Local Water Utilities Administration (LWUA) faced a tough situation when they held their first meeting in the board room of the Metropolitan Cebu Water District (MCWD) on April 12, 2024. As the water crisis in Cebu worsens, conflicts between these water agencies over authority have also.....»»
Gaza ceasefire talks at an impasse as humanitarian crisis deepens
Israel is reportedly staying away from the Cairo talks because Hamas refused to provide a list of hostages who are still alive. Hamas says this is impossible without a ceasefire as hostages are scattered across the war zone......»»
Robert Bolick-led NLEX deepens San Beda core, signs 6th ex-Red Lion Baser Amer
Former San Beda coach Frankie Lim turns to another trusted former player in PBA free agency as NLEX snags four-time NCAA champion Baser Amer.....»»
Russian car production surged in 2023 - data
The industry has rebounded after a sharp downturn in 2022 Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday. Car production in Russia rose by 16% in 2023, with ov.....»»
Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
‘No risk of political reform in economic Cha-cha’
Apprehensions over possible insertion of political reforms like lifting of term limits for elected officials are misplaced since the ongoing economic Charter change in Congress covers only economic provisions, according to former Supreme Court justice Adolfo Azcuna......»»
Economic Cha-cha to boost FDI – BSP
Amending the restrictive economic provisions in the 1987 Constitution will likely attract more foreign investments in the country and stimulate economic growth, according to the Bangko Sentral ng Pilipinas......»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
NEDA Chief: More reforms needed to unlock full benefits of Cha-cha
MANILA, Philippines —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»
Charter change: Only the economic provisions should be included
So much controversy is being unnecessarily generated with this Charter change issue but in reality, changes to the overly protectionist economic provisions in the 1987 Constitution should be debated upon because it hinders the country from realizing its full economic potential......»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
Suspected Houthi attack: Missile hits ship in Red Sea, crew reportedly safe
DUBAI, United Arab Emirates — A suspected attack by Yemen’s Houthi rebels struck a ship in the Red Sea early Friday, causing damage to the vessel, authorities said. The attack off the port city of Hodeida comes as part of the rebels’ campaign against shipping over Israel’s ongoing war on Hamas in the Gaza Strip......»»