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PBBM welcomes Thai firm’s $2.5-B investment pledge to boost agri

AGRI DEV’T. President Ferdinand R. Marcos Jr. meets with executives of the Charoen Pokphand Group (CP Group), led by its chairman Soopakij Chearavanont, at Malacañan Palace in Manila on Tuesday (May 30, 2023). Marcos assured the Thailand-based CP Group of his administration’s support for its expansion plans and programs for …

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ADB grants $350M to Sri Lanka

BAILOUT In this photo taken on May 6, 2018, a Sri Lankan worker sorts plastic at Kathirana, on the outskirts of Sri Lanka’s capital Colombo. The Asian Development Bank on Monday released a loan worth $3450 million to help stabilize the economy of the cash-strapped South Asian nation. AFP PHOTO …

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Asian, Euro markets mixed after US debt deal

WAVERING A person looks at an electronic stock board showing Japan’s Nikkei 225 and New York Dow indexes at a securities firm in the rain on Monday, May 29, 2023, in Tokyo. Shares in Asia and Europe were mixed in as the decision on raising the US debt ceiling in …

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Asian markets rally as US debt deal welcomed

WELCOME NEWS A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in the rain on Monday, May 29, 2023, in Tokyo. Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on …

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SG’s Temasek cuts staff compensation

PAY CUT In a file picture taken on Feb. 6, 2009, a man walks past the company logo of Temasek Holdings in Singapore. Singapore state investment fund Temasek said on Monday, May 29, 2023, it had slashed compensation for the team and senior management responsible for its investment in collapsed …

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HK to release new retail crypto trade rules

EMBRACING CRYPTO This photo taken on Saturday, May 27, 2023, shows customers in a cryptocurrency exchange office in Hong Kong. Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city’s standing as a …

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