World News

STOCK PHOTO – Pixabay.com Australian mining and logistics firms are interested in doing business in the Philippines according to Australian ambassador Steven J. Robinson, who cited policy reforms that have eased the barrier to entry. “I think the future’s looking very, very good,” he said on May 20, the first…

REUTERS By Brontë H. Lacsamana, Reporter CHINESE multinational technology company Huawei Technologies Co., Ltd., will continue investing in green innovation to support digital growth in the Asia Pacific.  Ken Hu, Huawei’s rotating chairman, said at the May 19 opening of the Huawei APAC Digital Innovation Congress 2022 that the company…

REUTERS SHANGHAI, May — China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year as Beijing seeks to revive the ailing housing sector to prop up the economy. Senior officials have pledged further measures to fight a slowdown in the…

REUTERS KOENIGSWINTER, Germany — US Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources it needs in its struggle against Russia’s invasion, and that policymakers are determined to meet their inflation targets. Ms. Yellen, speaking to reporters after the first day…

CORPORATE.WALMART.COM NEW YORK — Walmart, Target, and Kohl’s were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to US shoppers’ wallets and retailers’ bottom lines. Among 145 retailers that…

PHILIPPINE STAR/ MICHAEL VARCAS The Philippine central bank chief said on Friday president-elect Ferdinand “Bongbong” R. Marcos, Jr., is better placed than his predecessor to face economic challenges and that he expects structural reforms and infrastructure build-up will continue under the new administration. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin…

KOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures. Ms. Georgieva told Reuters that it was getting harder for central banks to bring down inflation without causing recessions,…

HONG KONG/HANOI — TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said. Featuring games on its platform would boost advertising revenue as well as the amount of…

BW FILE PHOTO By Luz Wendy T. Noble, Reporter The country’s balance of payment (BoP) posted a deficit in April as the government continued to pay for its foreign debt obligations, and as the trade deficit widened due to the rising value of imports. Data released by the Bangko Sentral…

When Jardin Wong, Jillian Sze, and Miguel Tan approached WTA Architecture and Design Studio with their idea for their first project as real estate developers, they came with a story about independence. Seeking to cast a new shadow over the hyper-competitive Philippine property scene, and make a mark outside their…