MANILA, Philippines — The Philippines is pushing an initiative of the Bank for International Settlements (BIS) to develop a multilateral solution connecting the real-time payment systems of participating countries, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said the Philippines recently signified interest to join the initiative of the BIS Innovation Hub […]
Read MoreMANILA, Philippines — The country’s manufacturing activity picked up slightly in November from the previous month on improved demand conditions, but elevated prices continue to pose challenges for the sector. According to the report released by S&P Global Market Intelligence yesterday, the Philippines’ manufacturing purchasing managers’ index (PMI) was at 52.7 in November, up from […]
Read MoreWASHINGTON, United States — IMF chief Kristalina Georgieva warned Thursday that the chance of global growth dropping below two percent — last seen during the coronavirus outbreak and the global financial crisis of 2009 — is increasing as major economies slow. Her comments come as the world’s biggest economies grapple with fallout from Russia’s invasion […]
Read MoreMANILA, Philippines — The Philippines is expected to be among the top recipients of remittances this year, with money sent from overseas seen to reach $38 billion, according to the World Bank. “The top recipient countries for remittances in 2022 are expected to be India, establishing a benchmark of $100 billion, followed by Mexico with […]
Read MoreMANILA, Philippines — The Joint Foreign Chambers of the Philippines (JFC) has raised its foreign direct investments target to $128 billion by the end of 2030 as it banks on recently passed reforms that provide significant opportunities for FDI. In a press conference yesterday, American Chamber of Commerce of the Philippines (Amcham) executive director Ebb […]
Read MoreMANILA, Philippines — The allure of discounts and bargains on the run-up to Black Friday left more Filipino consumers vulnerable to cyber threats, according to data released by VPN service company Surfshark. According to Surfshark, cyber threats in the country spiked by 95.01% in the week leading up to Black Friday. The company is a […]
Read More
Thailand
