City Manila Financial News

06.08 / 11:53

BLOCK Waters Action country exclusive Philippines accuses China Coast Guard of firing water cannon at its boats

China Sea, describing the actions as «illegal» and «dangerous». China said it had taken «necessary controls» against Philippines boats that had «illegally» entered its waters. Beijing claims almost all of the sea, through which trillions of dollars in trade passes annually, and has ignored a 2016 international court ruling that its assertion has no legal basis.

06.08 / 08:51

Waters China says Philippines boats 'illegally' entered its waters in South China Sea

China said on Sunday it had taken «necessary controls» against Philippines boats that had «illegally» entered its waters, after Manila accused Beijing's coast guard of firing water cannon at its vessels in the disputed South China sea.

06.08 / 08:51

BLOCK Waters Action Continental social exclusive Philippines says China blocked, water-cannoned boat in S. China Sea

coast guard of blocking and water-cannoning a Philippine military supply boat in the South China Sea, condemning the «excessive and offensive actions» against its vessels. China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials.China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas.

03.08 / 21:55

CBDC Adoption Digital Dollar Digital Dollar Project completes CBDC retail remittance pilot with Western Union

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.

30.07 / 00:43

UPS Art UBS country stake Perth Airport investor TIF revs up to sell 7.19pc stake; UBS hired

Macquarie-managed The Infrastructure Fund has ordered a strategic review of its 7.19 per cent stake in Perth Airport as it looks to take profits after the airport returned to pre-pandemic passenger volumes in February.

28.07 / 01:47

UPS Citi show Killing Fierce winds cause panic on ferry that capsizes in Philippines, killing at least 26, officials say

Coast guard and police said search and rescue efforts had resumed after a pause Thursday night. Officials said it remained unclear how many people were aboard the M/B Princess Aya, which capsized Thursday in Laguna de Bay in Rizal province east of Manila. When people rushed to one side of the vessel amid severe winds, the boat tilted and its outrigger broke, then the boat capsized shortly after leaving a wharf in the town of Binangonan for nearby Talim island, police and the coast guard said.

26.07 / 05:53

COST Provident Aware CEO Action performer US shareholder demands new CEO at Big Un-lender Finstro

Small business financier Finstro’s future is in doubt after its major backer, a US regional bank, pushed to oust its chief executive, Brad Prout, and demanded cost savings.

18.07 / 01:57

Progressive FLEX DAL 2024 Battle of 2024 Lok Sabha polls: NDA's 38 vs Opposition's 26 in today's meeting

Narendra Modi-led NDA will convene a mega meet in New Delhi. Ahead of the 2024 General election, both groups will flex numbers.

10.07 / 09:39

Strategy Executive Nomura India executive chairman Vikas Sharma steps down

Also read: Nomura India's head of investment banking steps down: Report Having completed his education at Manipal Institute of Technology and holding an MBA from the Asian Institute of Management in Manila, Vikas Sharma possesses more than 25 years of experience in the banking and consulting industry. During his tenure as an investment banker, he focused on the technology, media, and telecom (TMT) sector across Asia, reported Economic Times.

30.01 / 09:31

Law regulation SEC security Philippines securities regulator seeks more authority to police the crypto industry

The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.

08.09 / 15:03

Europe Bitcoin Which countries are the worst for crypto taxation? New study lists top five

Global cryptocurrency taxation rules significantly vary among countries, and some jurisdictions have come up with extremely tough crypto tax policies for their residents.

27.07 / 22:15

markets Ethereum Ether price Ethereum options data show pro traders ready to go long into ETH’s Merge

Ether (ETH) is down 11.5% in seven days even after the recent confirmation of the "Ethereum merge" transition to a proof-of-stake (PoS) consensus network in September. During the Ethereum core developers conference call on July 14, developer Tim Beiko proposed Sept. 19 as the tentative target date.

26.07 / 14:58

business Government Bitcoin SEC Philippines to investigate Binance over alleged illegal operations

Philippines’ think tank Infrawatch PH continues efforts to ban Binance in the country by asking more regulators to investigate the cryptocurrency exchange over alleged illegal operations.

14.07 / 17:59

Adoption Binance Asia Philippines’ digital transformation could make it a new crypto hub

Binance, the cryptocurrency exchange, has recently acquired a virtual asset service provider (VASP) license from the Bank of Spain in order to operate in the country. In its ambitious expansion plans that the cryptocurrency exchange is persisting despite the global jump and market slump in the cryptoverse, there is another country that Binance is looking toward — the Philippines.

07.07 / 15:47

Blockchain Binance regulation Policy think tank asks Philippine government to ban Binance over promotions

Local think tank Infrawatch PH has sent a letter to the Philippines' Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange Binance for promotions without permits.

09.06 / 15:45

business Blockchain Binance Asia Crypto exchange Binance seeks critical licenses in Philippines, CEO says

Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm's operations within the Philippines.

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