The US Treasury building in Washington, DC, US, on Monday, March 13, 2023. US authorities took extraordinary measures to shore up confidence in the financial system after the collapse of Silicon Valley Bank, introducing a new backstop for banks that Federal Reserve officials said was big enough to protect the …
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Employees work on an electric vehicle (EV) production line during an organised media tour to a factory under Jiangling Group Electric Vehicle (JMEV), in Nanchang, Jiangxi province, China May 22, 2024. REUTERS/Kevin Krolicki/File Photo BEIJING — China’s manufacturing activity expanded in December for the third month in a row, official …
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People stand in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. (ISAAC LAWRENCE / …
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The Department of Budget and Management (DBM) announced that President Marcos has utilized his veto power to ensure the 2025 national budget aligns with the country’s development goals. In a statement on Monday, Dec. 30, Budget Secretary Amenah F. Pangandaman commended the President for his “discerning use of veto powers,” …
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Photo by Anadolu ANKARA – Oil prices edged higher on Monday in thin holiday trading, as the market awaited further clues on the demand outlook from the world’s largest oil consumers, the US and China, ahead of the yearend. The international benchmark Brent crude rose by 0.29 percent to USD73.61 per …
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SALES rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8 percent, outpacing the 3.1-percent increase from a year earlier, according to Mastercard …
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VIBRANT ECONOMY. The skyline and business district of Bonifacio Global City in Taguig City are photographed on a clear Friday afternoon on Oct. 4, 2024. The Philippine economy grew by 5.8 percent in the first three quarters of the year, outpacing other countries such as Malaysia, Indonesia, China, and Singapore. (PNA photo …
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To further support the integration of natural gas into the country’s energy mix, economists suggested that developing the Philippine Upstream Indigenous Natural Gas Industry (PUINGI), alongside fiscal support, could help improve energy security amid shifting international markets. In an economic review published by the University of the Philippines, economists argued …
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A future-ready workforce is necessary to avert potential job losses brought about by artificial intelligence (STAR / File) MANILA, Philippines — The country should take proactive steps to prepare its workforce for the transformative challenges and opportunities brought about by artificial intelligence (AI). In a statement, the IT and Business …
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HONG KONG — Hong Kong’s home prices were largely flat in November, in an early sign that the strug-gling property market could bottom out after interest rate cuts and other supportive measures. Home prices in Hong Kong, one of the world’s most unaffordable cities, have tumbled nearly 30 per-cent from …
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