MANILA (AdChoiceTV News) — The Philippines has ranked 52nd out of 53 economies in a global study that measures the resilience of countries to the COVID-19 pandemic.… Read more “PH ranks second lowest among 53 countries in COVID-19 resilience study”
Category: Emerging Markets
Japanese bank Sumitomo Mitsui to get 4.99% stake in RCBC
RCBC says the investment of Sumitomo Mitsui Banking Corporation will be used to support asset growth and digital investments Sumitomo Mitsui Banking Corporation (SMBC) is set to… Read more “Japanese bank Sumitomo Mitsui to get 4.99% stake in RCBC”
Hong Kong to ban passenger flights from UK to curb virus
Hong Kong’s government says it will ban all passenger flights from the U.K. starting Thursday as it seeks to curb the spread of new variants of the… Read more “Hong Kong to ban passenger flights from UK to curb virus”
BSP shuts down another money changer for anti-laundering breach
MANILA (AdChoiceTV News) — The Philippine central bank is continuing its crackdown on money changers violating anti-money laundering regulations with another one being stripped by the Monetary… Read more “BSP shuts down another money changer for anti-laundering breach”
Hong Kong pro-democracy paper Apple Daily to print last edition on Thursday
HONG KONG (AdChoiceTV News) — Hong Kong’s most vocal pro-democracy newspaper Apple Daily said it will print its last edition on Thursday after a stormy year in… Read more “Hong Kong pro-democracy paper Apple Daily to print last edition on Thursday”
Dozens of women sue Pornhub, alleging it published nonconsensual clips
“Pornhub has zero tolerance for illegal content and investigates any complaint or allegation made about content on our platforms,” the company said. More than 30 women sued… Read more “Dozens of women sue Pornhub, alleging it published nonconsensual clips”
PAL operator sinks deeper into the red with ₱73B losses in 2020
MANILA (AdChoiceTV News) — The operator of flag carrier Philippine Airlines (PAL) may not have seen the worst of the coronavirus pandemic yet as it continues to… Read more “PAL operator sinks deeper into the red with ₱73B losses in 2020”
MMDA admits EDSA traffic ‘slowly’ returning, no plan yet to bring back number coding
The Metropolitan Manila Development Authority admits EDSA traffic is gradually coming back, with more vehicles on the road as the economy slowly reopens. “With the last [traffic]… Read more “MMDA admits EDSA traffic ‘slowly’ returning, no plan yet to bring back number coding”
MMDA admits EDSA traffic ‘slowly’ returning, no plan yet to bring back number coding
The Metropolitan Manila Development Authority admits EDSA traffic is gradually coming back, with more vehicles on the road as the economy slowly reopens. “With the last [traffic]… Read more “MMDA admits EDSA traffic ‘slowly’ returning, no plan yet to bring back number coding”
Tourism share to economy tumbles by over 61% in 2020
MANILA (AdChoiceTV News) — The tourism industry, among the worst hit by the COVID-19 pandemic, contributed less to the country’s economic output in 2020, data from the… Read more “Tourism share to economy tumbles by over 61% in 2020”
Virus outbreaks at Thai factories threaten export sector, recovery
COVID-19 has swept through over 130 factories in Thailand, including those supplying international brands Bangkok, Thailand — A series of coronavirus outbreaks in Thai factories is raising… Read more “Virus outbreaks at Thai factories threaten export sector, recovery”
PH National ID authentication needs consent of holder
MANILA (AdChoiceTV News) – Business entities, both private and government, may request for authentication of a Philippine Identification System (PhilSys)-registered person’s identity during transactions but with the… Read more “PH National ID authentication needs consent of holder”
IRS now sending millions more additional stimulus checks
The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued on Wednesday. Some of those payments include… Read more “IRS now sending millions more additional stimulus checks”
Russia tests COVID-19 vaccine as nasal spray for children
The vaccine will remain the same ‘only instead of a needle, a nozzle is put on,’ says Alexander Gintsburg, who heads the Gamaleya Institute that developed Sputnik… Read more “Russia tests COVID-19 vaccine as nasal spray for children”
Freedom Day brings more power to outpost asserting PH sovereignty
MANILA (AdChoiceTV News) — Amid heightened tensions in the West Philippine Sea, a 300-kilowatt power plant on Pag-asa Island will be switched on today in time for… Read more “Freedom Day brings more power to outpost asserting PH sovereignty”
Bitcoin sinks and approaches $30,000
LONDON (AdChoiceTV News) — The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies… Read more “Bitcoin sinks and approaches $30,000”
Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week
UBS Singapore AG, Ang’s stabilization agent, told the Philippine Stock Exchange (PSE) that it purchased a total of 259.824 million MONDE shares at an average price of… Read more “Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week”
US Approves first new Alzheimer’s drug in almost two decades
The decision was highly anticipated but also contentious, because an independent expert panel convened by the regulatory Food and Drug Administration last November found insufficient evidence of… Read more “US Approves first new Alzheimer’s drug in almost two decades”
Jeff Bezos to join winner of seat on Blue Origin space flight — Bound to Space
Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin… Read more “Jeff Bezos to join winner of seat on Blue Origin space flight — Bound to Space”
Stocks index down on profit-taking; peso keeps footing
MANILA (AdChoiceTV News) — The local main stocks gauge ended the week’s first trading day in the negative territory due to profit-taking but the local currency closed… Read more “Stocks index down on profit-taking; peso keeps footing”
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