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European markets plunge on new virus strain
European stocks, oil prices, and the pound slumped Monday as a highly infectious strain of coronavirus in Britain had traders seeking shelter.Sterling lost 1.3 percent against the dollar, with the pound also still being hit as a post-Brexit trade deal between Britain and the EU remained out of reach.The euro gained 1.0 percent against the […].....»»
‘Traders divert imported fish to evade VAT’
Unscrupulous fish importers are diverting frozen stocks of round scad (galunggong), bonito (tulingan) and mackerel (alumahan) to the wet markets to evade paying value added tax (VAT), the Department of Agriculture said yesterday......»»
Shares down amid dimming US rate cut hopes
The stock market fell in the red for a second straight session following negative cues from the US markets overnight......»»
EDITORIAL - Foreign trade barriers
Instead of declaring war on pollster Pulse Asia over its latest survey showing 88 percent of Filipinos opposing Charter change, congressmen can read the report of the office of the US Trade Representative, which details foreign trade barriers in 59 markets including the Philippines......»»
Companies State it Takes More Than 6 Months to Fill Cybersecurity Positions
The latest Kaspersky survey found that 48% of companies require over half a year to find a qualified cybersecurity professional. A lack of proven experience was cited as one of the biggest challenges, along with the high cost of hiring and global competition in talent acquisition. With global labor markets continuing to clamor for InfoSec […].....»»
Over 40 defective weighing scales seized in Carbon Market
CEBU CITY, Philippines — The Office of the City Markets (OCM) of the Cebu City Government has confiscated over 40 defective weighing scales in Carbon Public Market as of March 21. Led by Market Administrator Robert Barquilla, the operation, dubbed “Operation Timbangan,” aims to ensure accurate measurements for customers. Barquilla, with assistance from Task Force.....»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Roxas and Co went near-ceiling on solar farm speculation
Roxas and Company saw its shares shoot up 49% in yesterday’s trading session, prompting an inquiry from the Capital Markets Integrity Corp. (the market watchdog) for an explanation......»»
Index attempts to break past 7,000 anew
Local stocks will likely seek direction from the US markets this week in a bid to break past the 7,000 threshold anew......»»
Metrobank raises $1 billion on international debt market
Metrobank [MBT 62.00 ?1.5%] [link] revealed that it was able to sell twice the amount in medium-term notes on the international debt capital markets than it intended......»»
AI era: A whole new world
In a piece published last year, we explored the rise of the AI era and its potential to reshape global stock markets and the world economy (refer to “Conversing with an AI Chatbot,” June 12, 2023)......»»
‘No smuggled onions in CDO’
The Bureau of Plant Industry has denied reports that smuggled onions are flooding the markets in Cagayan de Oro and that this has led to depressed prices......»»
Market ends week on high note
The stock market capped off the week on a high note, buoyed by positive cues from the US markets overnight......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Apple confirms home screen web apps will no longer work on European iOS devices
Title: Apple Disables Web Apps in EU Following European Digital Markets Act In a significant development, tech giant Apple has decided to disable progressive web.....»»
US markets tank on hotter-than-expected inflation report
The US Consumer Price Index data for January [link] showed that prices increased 0.3% q/q and 3.1% y/y, which was higher than economist estimates (0.2% q/q and 2.9% y/y)......»»
16 Asian countries discuss employing technology to implement innovative initiatives for regulating labour markets
DUBAI, 11th February, 2024 (WAM) -- Ministers of labour and human resources from 16 Asian countries sending and receiving workers discussed leveraging advanced technology for innovative initiatives aimed at resolving labor disputes and expediting verdicts. They also aimed to strengthen wage protection systems and facilitate skill mobility among participating countries. The focus was on improving labor market regulation.....»»
Slower US Inflation Spurs Fed Rate-Cut Optimism
Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»
Nomura hikes Philippines growth target for 2024
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»
Thailand s rice exports up 44 pct in January
BANGKOK, Feb. 6 (Xinhua) -- Thailand's rice exports jumped 43.96 percent from a year earlier to 1.12 million tons in January, government spokesperson Chai Wacharonke said on Tuesday. The government has set a rice export target of 7.5 million tons this year as part of efforts to develop the quality of rice varieties and expand access to Thai rice in overseas markets, Chai said in a statement. Authorities a.....»»