Philippines Financial News

The Philippines Securities and Exchange Commission (SEC) has revealed its plan to block local access to Binance, effectively implementing the Philippines SEC’s ban on Binance. This was contained in a notice published by the financial regulator on March 25.

External Affairs Minister S. Jaishankar emphasized the enduringly positive relationship between India and Russia, highlighting that both nations have consistently prioritized each other's interests. “I will ask myself...Has Russia helped us or harmed us?...

Philippine troops were injured in the latest China Coast Guard water cannon attack on a Filipino supply vessel near a South China Sea reef, Manila's national security adviser said Sunday. The Philippine government said Saturday's confrontation caused severe damage to the Unaizah May 4 vessel while it was on its way to deliver troops and provisions to a Philippine navy ship grounded atop the Second Thomas Shoal. China claims almost the entire South China Sea, brushing off rival claims from other countries, including the Philippines, and an international ruling that its assertion has no legal basis.

By Jonathan Landay

Australian government aims to make sure that foreign students come to the country to study, and not just work. The government estimates that the changes will halve the migrant intake in over two years. Among several measures, the Australian government will introduce the ‘Genuine Student Test’.

pollution led to more than 2.3 mn premature deaths in India. Such an environmental crisis makes a mockery of the 'ease of living' index and is no help to any 'ease of doing business' index either. Air pollution impacts a significant proportion of the global population. In 2022, WHO pointed out that almost 99% of people breathe air that breaches its standards. As India gears up for a higher growth trajectory to build a ₹5 tn economy, substandard air can derail the India story in multiple ways. When people are ill, productivity plunges, absenteeism increases, healthcare expenses rise and savings fall. Women, socially entrusted with care-giving tasks, are compelled to take leave to look after impacted family members. They could even drop out of the workforce.

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Mumbai blasts. “The emerging gangster-Pro-Khalistani Elements (PKEs) nexus is akin to the scenario that existed in Mumbai in the early ’90s,” the NIA has observed in multiple charge sheets. The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. However, foreign handlers in Canada, United States, Australia, Dubai and the United Kingdom continue to remain at large. ET joins the dots. Lawrence Bishnoi gang Jailed Lawrence Bishnoi is said to be the mastermind who brought together the criminal gangs of Punjab, Haryana, Uttar Pradesh, Rajasthan, Delhi and Chandigarh. “The growth of Lawrence Bishnoi and his terror syndicate has tremendous similarities to the rise of Dawood Ibrahim, a wanted terrorist, gangster and drug kingpin who heads the notorious organised terror syndicate D-Company,” as per the NIA.

Federal Reserve in no rush to start lowering interest rates. Industrial production figures illustrated a euro area economy that’s merely limping along. In Japan, speculation intensified for the first rate hike in more than a decade after the country’s largest labor union secured big wage deals. The world of geopolitics continued to evolve, including Ukrainian drone attacks on Russian oil refineries, declining foreign investment in China and US concerns about Beijing’s subsidies for shipbuilders.

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

Spotify takes on Apple: Audiobooks and subscriptions available in-app, bypassing 30% fee Explaining the reason behind the new feature, the company said in a blogpost, “Spotify is where fans go to dive deeper into an artist’s music. So whether you’re a superfan who wants to rewatch the videos you love and share them with friends, or a casual fan on the lookout for new releases, music videos create a new point of connection with artists." The beta version of the Spotify app with the music videos feature rolled out in select markets yesterday with compatibility for a limited number of catalogue for music vidceos like hits from artists like Ed Sheeran, Doja Cat and Ice Spice.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

Philippine trade officials say they have received assurances that the United States will address their concerns after American authorities held up shipments of garments on suspicion that cotton was produced by forced labor in China’s Xinjiang region

The U.S. commerce secretary says Washington is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used to boost its military

export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, US commerce secretary Gina Raimondo said Monday. «Technology is changing faster than ever, which means we have to wake up every day and ask ourselves, 'are we doing enough?' My job is to protect the American people and to make sure there are no sophisticated technology that we have, that China doesn't have, that they can't access it and use it to enable the Chinese military,» Raimondo said. The U.S. would continue to sell semiconductors worth billions of dollars to China, Raimondo said.

The script at China’s National People’s Congress is pre-determined months before the event, but there had been speculation this week that Beijing might name a new foreign minister. Instead, it seems senior diplomat Wang Yi will continue in the role. The world’s second-largest economy has missed a trick.

Miss World 2024 pageant enters its final phase, anticipation surges for the grand finale set to unfold on March 9 at the Jio World Convention Center in Mumbai, India. With an array of captivating performances and a competitive roster of contestants, the stage is set for an exhilarating event.

The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report.

The Philippine National Telecommunications Commission (NTC) has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.

US military said that three people have been killed and at least four wounded after a missile fired by Yemen's Houthi rebels hit a bulk carrier in the Gulf of Aden. The Indian Navy also added that critical medical aid was provided to injured crew.

7th Time Loop Season 1 Episode 10 have been announced. The anime follows Princess Rishe as she navigates her seventh life, aiming for a carefree existence despite past tragedies. Here's a detailed look at what to expect in the upcoming episode.