Philippines Financial News

HAMAS murdered and kidnapped 1,400 people on October 7th it triggered the biggest Middle East crisis in a decade and a brutal war in Gaza. On November 24th a small number of the roughly 240 captives tasted freedom again amid a four-day truce in the fighting. Israeli officials confirmed that 13 Israeli hostages had been handed over to the Red Cross; the authorities in Qatar said another 11 captives, ten holding Thai passports and one from the Philippines, were being released.

China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China's military said it had driven away a U.S. warship that the U.S.

Hamas fighters are set to release a new wave of hostages Saturday in exchange for Palestinian prisoners, officials said, offering hope to anguished families after seven weeks of war that have killed thousands of people. Key mediator Qatar was expected to announce the numbers of prisoners and hostages to be freed later Saturday, the second swap since a four-day ceasefire came into effect on Friday and largely silenced the guns on both sides. Israeli authorities said they had received a list of the hostages to be freed but did not provide numbers or the precise timing. On Friday, the first day of the truce, Hamas released 24 hostages, according to key mediator Qatar and an official Israeli list. They comprised 13 Israelis — all of whom were women and children, including some dual citizens — 10 Thais and one Filipino. A two-minute video released by Hamas showed masked militants with rifles, wearing military fatigues and the green headband of its armed wing, as they handed the hostages over to Red Cross officials Israel in turn freed 39 women and children from its prisons. «It's only a start, but so far it's gone well,» US President Joe Biden told reporters in Massachusetts, where he was spending the Thanksgiving holiday. «I think the chances are real» for extending the truce, he said.

fire in the prolonged war in Gaza, Hamas released 24 hostages while Israel freed 39 Palestinians from prison in the first stage of a swap on Friday. Israel — wrenched by the abduction of nearly 240 people in Hamas’ Oct.

Gaza Strip. «Those released include 13 Israeli citizens, some of whom are dual citizens, in addition to 10 Thai citizens and a Filipino citizen,» said Majed al-Ansari, the ministry's spokesman. Qatar was a key mediator in the hostage release. The International Committee of the Red Cross, which delivered the hostages from Gaza into Egypt, also confirmed the release. The hostages, women and children, were undergoing medical checks before they were to be transferred to Israel.

Private equity veteran Simon Moore is leaving the board of AMA after a tumultuous period with Australia’s biggest smash repair chain.

Unicommerce saw its operating revenue jump 52.5% to Rs 90 crore in financial year 2023 from Rs 59 crore in FY22. Net profit rose 8% to Rs 6.45 crore from Rs 5.98 crore in FY22, according to its financial statements, filed with the Registrar of Companies (RoC). Unicommerce’s expenses ballooned to Rs 84.1 crore in FY23 from 54.4 crore in FY22. A significant amount of the expenditure was attributed to an increase in employee benefit expenses, server costs and other expenses.

e-commerce sites you frequent as well as from real estate, automobiles and more inviting you to take advantage of the big Black Friday sales? That’s why we are going to learn about the American festival of Thanksgiving. A federal holiday in the United States, Thanksgiving is celebrated on the fourth Thursday in November every year.

Philippines are conducting joint air and maritime patrols in the South China Sea, which come as the two countries step up cooperation in the face of growingly aggressive Chinese activity in the area. The Philippine Air Force said Wednesday its aircraft had taken part in joint patrols on Tuesday in the vicinity of Batanes, the northernmost province of the Philippines, which is only about 200 kilometers (125 miles) from Taiwan, a self-governed island that China claims as its own. The patrols run through Thursday and also include both the U.S. and Philippine navies.

Leucine Rich Bio has announced its entry in the Philippines market with its microbiome testing kit called the BugSpeaks. This strategic move of the Indian microbiome company comes in partnership with Cognoa International Inc., a Philippines company specialising in probiotics and gut health.

Galaxy Leader, was hijacked on Sunday in the southern Red Sea by Yemen’s Houthi rebels, reported AP. The vessel en route from Turkey to India is believed to be having 25 people on board. Houthi rebels, who control northern Yemen and its Red Sea coast, said the vessel was Israeli.

Yemen's Iran-backed Houthi rebels have seized an Israeli-linked ship in a crucial Red Sea shipping route and taken the 25-member crew hostage

The United States and the Philippines have signed a nuclear cooperation pact under which U.S. investment and technologies are to help the Southeast Asian nation transition to cleaner energy and bolster its power supply

magnitude 6.7 earthquake rattled the southern Philippine region of Mindanao on Friday, the German Research Center for Geosciences (GFZ) said, and while there were no immediate reports of casualties, authorities warned of damage. The quake struck off the shore of Mindanao, near General Santos City at a depth of 60 km (37.3 miles), GFZ said. The German agency earlier reported the magnitude at 6.9. The Philippine seismology agency PHIVOLCS and the Pacific Tsunamic Warning Center said a tsunami was not expected. Amor Mio, police chief of Koronadal city, near the quake's epicentre, said there were no reports of casualties but officials were checking a shopping mall reported to have been damaged. «The employees were ordered evacuated for their safety.

PTI. However, the US Geological Survey said that the quake measured magnitude 6.7 and was located 26 kilometers (16 miles) from Burias at the southern tip of the Philippines.

The Philippines Bureau of the Treasury has announced its plan to issue tokenized Treasury bonds for the first time on Monday after canceling a traditional auction initially scheduled for the same day.

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.

By Neil Jerome Morales and Mikhail Flores

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.

SAN FRANCISCO : US President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration.

South China Sea, in addition to violations of established codes of conduct, poses a clear danger to «good order» and «discipline» at sea, Navy Chief Admiral R Hari Kumar said on Wednesday, in an oblique reference to China's military assertiveness in the region. There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a huge source of hydrocarbons. Several countries in the region including Vietnam, the Philippines and Brunei have counterclaims.