Philippines Financial News

The Miss Universe Organization has denied any association with the Miss Universe Coin project announced at the Philippine Blockchain Week (PBW) event held earlier this month. PBW said that they are in contact with all involved parties and will post an update soon.

Philippine’s Union Bank has become the first and only bank in the country to receive a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP).

Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and ahead of a steer from other central banks on their rate outlooks. Brent futures for November delivery fell 44 cents, or 0.5%, to $89.18 a barrel by 0010 GMT.

The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.

China's economic slowdown has rippled through Asia. Tourists aren't flocking to Thai beaches or Singaporean malls in the numbers anticipated. Factories are struggling, and there are questions about whether Beijing can bankroll public works in the manner to which the neighborhood has become accustomed. One glaring omission from the list of spillovers: interest-rate cuts. Despite the country's heft, China's travails aren't translating into easing in its backyard.

The Philippines Securities and Exchange Commission (SEC) has teamed up with its United States counterpart, as well as the Asian Development Bank to crack down on criminals using cryptocurrencies to commit fraud and other financial crimes.

airport across Asia-Pacific and the Middle East in offering direct connectivity to foreign destinations, followed by the Doha and Incheon airports. In fact, the Middle East registered a 26% growth in total connectivity in 2022 compared to 2019, with direct connectivity to airports in North America, Africa and Asia-Pacific.

(Reuters) — Chinese electric vehicle frontrunner BYD (SZ:002594) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.

On 15 August 1945, Emperor Hirohito announced Japan’s unconditional capitulation after the bombing of Hiroshima and Nagasaki, ordering all Japanese forces to cease hostilities and surrender to Allied troops. And that is how World War II ended for the world. But not for ‘holdouts.’ These were Japanese soldiers scattered in the Philippines islands who continued fighting despite Japan’s surrender, the most notable being a soldier called Hirro Onoda.

(Reuters) -Gold miner Newmont Corp said on Monday it has received a clearance from Australia's Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia's Newcrest Mining (OTC:NCMGF).

Chapter 236 of Jujutsu Kaisen is poised to kick off a fresh storyline, signaling the conclusion of the Gojo vs. Sukuna battle. Although Gojo's triumph in the preceding chapter appeared decisive, some readers found it surprisingly swift. The upcoming arc is expected to unveil whether Sukuna had any remaining tricks up his sleeve or if this marks his genuine defeat.

In the era of financial digitalization, the Chainalysis Global Crypto Adoption Index for 2023 stands as a pivotal resource, charting the nuanced ways countries are embracing cryptocurrency based on their unique socio-economic factors. 

Nipah virus has been reported in Kerala, triggering a panic in the southern state of India. Nipah virus is caused by fruit bats and is potentially fatal to humans as well as animals. Along with respiratory illness, it is also known to cause fever, muscular pain, headache, fever, dizziness, and nausea.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.

SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.

Nipah virus (NiV) which has claimed two lives so far this year, prompting the central government to intensify surveillance on bats, and deploy a five-member health ministry team to support state authorities. Four samples are being tested for the virus at the National Institute of Virology (NIV) in Pune, and genome sequencing is in progress to identify the strain involved. Mint takes a closer look at the outbreak.

Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden's voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content. 

trade deal, namely the Regional Comprehensive Economic Partnership (RCEP), considered the world’s largest free trade bloc, covering around 30% of the world’s population, gross domestic product (GDP) and trade. The RCEP came into full force on 2 June.

TOKYO—A Chinese aircraft carrier and around two dozen other Chinese warships were gathering in the western Pacific, according to authorities in Taiwan and Japan, an unusually large group suggesting Beijing may be planning major naval exercises. The movement follows a flurry of U.S. military activity in the region, and comes as efforts by Washington and Beijing to improve relations appear to have lost momentum.

(Reuters) — TikTok has officially rolled out its e-commerce business in the United States after months of testing, according to a blog post on Tuesday, as its Chinese-owner ByteDance looks to capitalize on the popularity of the social media app.