Philippines Financial News

Adani Enterprises has expressed interest in developing the port of Bataan in the Philippines. This was confirmed by an official statement from the Presidential Communications Office on Friday. During a discussion with Philippine President Ferdinand R.

Hindustan Times reported. Also Read | Apple share price jumps 6% as Q2 earnings, forecast beat estimates; unveils record $110 billion share buyback Speaking about the Apple's iPhone manufacturing in India, Hindustan Times reported that Tim Cook emphasised the strategic importance of local production for maintaining competitiveness.

For one day, workers ruled the world’s biggest streets.

Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

Nibiru Chain, a $100 million HashKey and Kraken Ventures-backed Layer 1 blockchain, has announced two senior hires from Yuga Labs and Starknet Asia as part of its Asia expansion.

Thailand’s recent crackdown on unauthorized exchanges mirrors the global struggle to balance crypto regulation with innovation. Meanwhile, Milei Moneda’s ($MEDA) presale surge offers investors a unique blend of defiance, economics, and humor in the crypto sphere.

The rupee closed at 83.3150 against the U.S. dollar, barely changed from its close of 83.3225 in the previous session.

Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. One of the original members of the list, Russia, has been temporarily dropped from the tracker since its trade data has not been reliably available for the last two years. A country’s score on a given metric is a measure of its distance from both the best performer and the worst performer.

Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime Minister Justin Trudeau’s government has ushered in new caps on study permits in a bid to ease rental-housing demand.

South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23.

The Philippines’ Securities and Exchange Commission (SEC) is working to remove Binance-linked applications from app marketplaces.

BENGALURU : Referring to the first consignment of India's BrahMos missile to the Phillippines, Prime Minister Narendra Modi on Saturday asked whether all this could have been imagined during Congress rule. "Yesterday, the first consignment of India's BrahMos missile has been dispatched to the Philippines. This has generated employment opportunities in large numbers on the ground level.

Iran-Israel lesson: Effective missile defence is costly and could be risky too Xi’an Longde Technology Development Company Limited, supplied missile-related equipment, including a filament winding machine, to Pakistan’s long-range ballistic missile programme that we assess was destined for NDC. Filament winding machines can be used to produce rocket motor cases.

Thailand will restrict access to unauthorized crypto platforms due to concerns of law enforcement effectiveness and money laundering risks.

WZ-7 Soaring Dragon drone of the Chinese People's Liberation Army was spotted flying in close proximity to the Philippines, ahead of preparations by the Southeast Asian country to receive the delivery of Indian BrahMos supersonic cruise missiles, The Eurasian Times reported. According to the report, the distinctive joined-wing shape of the WZ-7 drone caught the attention of Raffy Tima, a correspondent for Philippine news organisation GMA News, as it traversed the skies over the West Philippine Sea, an area within the South China Sea to the northwest of the Philippines. The timing of this sighting is significant amid escalating tensions between China and the Philippines over territorial disputes, notably the Second Thomas Shoal and Scarborough Shoal, in the South China Sea, the report noted. The acquisition of the BrahMos missiles from India is perceived as a strategic move by the Philippines to enhance its defensive capabilities to counter China's assertiveness in the region.

Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

The Guardian reported that the Swiss foods company adds sugar and honey to infant milk and cereal products sold in “poorer countries". It cited data from Public Eye, a Swiss investigative organization, and the International Baby Food Action Network (IBFAN) that examined Nestlé baby food brands sold in these markets. Public Eye examined 115 products sold in Nestlé’s main markets in Africa, Asia and Latin America across two key brands—Cerelac and Nodi.

Fumio Kishida’s visit to the United States in April 2024 was a historical visit because the agreement indicated that Japan will take charge of a more wider security role in the East China Sea, Taiwan and the South China Sea as a trustworthy ally of the United States. Firstly, Japan and the United States are planning to make Tokyo to be main headquarters of military operation in this region. Currently, Japan has been planning to establish the integrated headquarters of its ground, maritime, and air Self-Defence-Forces in Tokyo by next March 2025. Along with it, during this Kishida’s US visit, the US decided to strengthen its headquarters in Tokyo to make seamless collaboration with the Japanese side. The rank of commander of the headquarter will rise from three star general to be four star general. The four-star general is at the same level with the current Indo-Pacific Commander in Hawaii. The strengthening of the seamless command chain of armed forces in Tokyo is very important step. Currently, China is provoking countries in the East China Sea, Taiwan and the South China Sea at the same time. For China’s strategy, these areas are one set. For example, if China wants to invade Taiwan, China should dominate the East China Sea and the South China Sea to isolate Taiwan. And government in Beijing can control all these areas under one integrated strategy.

India has showcased itself as a global leader, the top intelligence official from the US Department of Defense has told the Congress that in 2023, India took steps to modernise its military to compete with China and reduce its dependency on Russian origin-equipment. «During the past year, India has showcased itself as a global leader by hosting the Group of 20 economic summit and demonstrated a greater willingness to counter PRC (People's Republic of China) activity throughout the Indo-Pacific region,» Lt Gen Jeffrey Kruse, Director of the Defense Intelligence Agency told members of the House Armed Services Committee — the subcommittee on intelligence and special operations during a Congressional hearing on defence intelligence countering China. India, he said, has advanced partnerships in the Indo-Pacific with regional South China Sea claimants, such as the Philippines, through training and defence sales and deepened cooperation with the US, Australia, France and Japan.

Strait of Hormuz on Saturday. Amir-Abdollahian conveyed this to External Affairs Minister S Jaishankar during a telephonic conversation on Sunday, according to an Iranian readout. In the talks, Jaishankar called for release of the Indians onboard Portuguese-flagged cargo vessel MSC Aries.