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Philippines: Rising oil prices may push up inflation

MANILA, Philippines — As global oil prices rise, expect a spike in Philippine inflation this month, an international think tank said. In its latest weekly brief, London-based Capital Economics said the increase in energy prices will put upward pressure on inflation across the region. Senior Asia economist Gareth Leather said the impact, however, may be […]

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Firms have huge part to play in Singapore’s transition to climate-resilient economy: Grace Fu

SINGAPORE – Private enterprises have a huge part to play in Singapore’s transition towards a low-carbon and climate-resilient economy, said Minister for Sustainability and the Environment Grace Fu on Monday (Oct 11). She highlighted the challenges of climate change which businesses will have to adapt to, such as disruptions to supplies of natural resources, and […]

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Philippines: Travel, tourism seen to lead economic recovery

MANILA, Philippines — Conglomerates Alliance Global Group Inc. (AGI) and JG Summit Holdings Inc. are betting on the travel and tourism industries to lead their post-pandemic recovery. AGI, through subsidiaries Megaworld Corp. and Travellers International Hotel Group Inc., is engaged in real estate development and tourism-entertainment and gaming, while JG Summit’s businesses include budget airline […]

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