Philippines Financial News

16.08 / 11:35

UPS Waters show country Rice edges lower as key Asian buyers seek to build stockpiles

Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. Thai white rice 5% broken — an Asian benchmark — slipped to $612 a ton on Wednesday, according to data from the Thai Rice Exporters Association. Prices are still up 20% this year after surging to the highest since 2008 last week.

16.08 / 04:13

UPS Aviat Waters Action ETN Rust exclusive Major restructure sees China's PLA air force take over naval aircraft

China Sea, and in the recent transfer of naval aviation assets into the hands of the PLA Air Force. On 5 August, forces of the PLA Navy (PLAN), China Coast Guard (CCG) and People's Armed Forces Maritime Militia combined to prevent Philippine Coast Guard vessels from resupplying a dozen marines aboard BRP Sierra Madre, a rusting vessel that forms a Philippine military outpost at Second Thomas Shoal in the Spratly Islands.

16.08 / 04:13

UPS country Myanmar eyes surge in rice exports after India curbs supply

Myanmar expects rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to hunt for other origins. The tightening in global supply should help revive the Southeast Asian nation’s rice shipments, which slumped 56% in the first four months of the fiscal year, and bring it closer to its annual goal of earning $1 billion from exports of the grain, Ye Min Aung, president of the Myanmar Rice Federation, said in an interview last week.

15.08 / 16:33

UPS MAIL Cooper Aware awards country India to step up defence ties with Philippines

NEW DELHI : India and the Philippines are looking to step up defence ties after the Southeast Asian nation’s high-profile purchase of a BrahMos missile. Negotiations on a defence line of credit have picked up, according to persons aware of the matter.

15.08 / 15:39

UPS MAIL Cooper Aware awards country India, Philippines to step up defence ties

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

14.08 / 06:47

Provident Extreme foreign evacuation Indian Indian Coast Guard deftly carries out mid-sea medical evacuation of mariner on foreign vessel

Coast Guard on Monday carried out a mid-sea medical evacuation of a critically ill mariner aboard a foreign vessel off the Kerala coast amidst extreme weather conditions, a Defence statement said. The Coast Guard carried out the medical evacuation of mariner Valid Ola Gilbert, a Filipino national, from MV Evelyn Maersk onboard one of its vessels as it was difficult to shift him to the Advance Light Helicopter (ALH), the statement said. The vessel was enroute from Colombo to Suez Canal and was 110 nautical miles away from Kochi when the request for aid was received, it said.

13.08 / 17:31

Provident Digital Cooper Platform track country India plans own certification for digital public infra, goods

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

11.08 / 16:25

BLOCK Waters Action country International India calls for adherence to international law in South China Sea

India on Friday reiterated its call for adherence to international law and peaceful resolution of disputes in the South China Sea amid fresh tensions between the Philippines and China following a recent confrontation in the hotly-contested region. The Philippines has accused the Chinese Coast Guard of firing water cannons at its vessels and blocking their movement in the South China Sea.

10.08 / 19:55

Platform Racing Align Sony film love country Gran Turismo movie: See cast, release window on Netflix and more

Gran Turismo movie is set to debut on Netflix in the US and other countries, following its theatrical release at the end of August. The film, based on the video game with the same title, revolves around the story of a GT Academy participant, who transitions from virtual to real-world racing.

10.08 / 14:51

Entertainment Vietnam EV maker VinFast gets SPAC shareholders' nod to list in US

HANOI (Reuters) — Shareholders of Black Spade Acquisition, a Hong Kong-based blank-cheque company, on Thursday approved a merger with Vietnam's electric automaker VinFast, allowing the carmaker to list in the United States this year.

09.08 / 22:01

Lowe's Fitch MSCI show performer Marketmind: China deflation, U.S. inflation - both dent sentiment

By Jamie McGeever

09.08 / 17:53

Digital Cooper CEO Platform Interface country Cooperation India and Philippines discuss UPI, fintech cooperation

Mint in August, NPCI International CEO Ritesh Shukla stated that interoperability with the payments platforms of foreign partners will enable remittances as well as merchant payments. He also spoke of plans to double the number of countries where UPI is live.

09.08 / 00:47

Citi CEO JPMorgan Parke JPMorgan opens two global centres in India

JPMorgan Chase on Tuesday announced the opening of 2 global centres in Mumbai and Bangalore that will cater to technology and operations. With this move the foreign lender is looking to consolidate its offices in these locations and cater to growing employee strength.

08.08 / 18:21

UPS BLOCK country India seeks bigger role in Indo-Pacific as China continues on aggressive path

maritime space and eyeing the same India is focusing on a larger role in Indo-Pacific. The recent developments in the region are hinting that India is seeking a big-brother role in the Indo-Pacific region, especially for countries affected by China's expansionist policies.

08.08 / 17:21

Progressive Action performer stage 2023 FIFA Women’s World Cup: Quarter-final fixtures, last-16 results, full schedule, group standings; Here’s all you need to know

As the tournament progresses, top teams like the USA, Canada, and Germany remain strong contenders, setting the stage for exciting quarter-final matches later this week.

08.08 / 04:53

COST UPS Citi UBS Customers James Hardie profits jump as customers ‘sit on the sidelines’

James Hardie lifted prices by 12 per cent in Australasia in the June quarter, pushing profit margins in the region to an all-time high even though its sales volumes slipped.

07.08 / 13:41

BLOCK Waters China says sea clash with Philippines vessels 'professional and restrained'

China said on Monday that a maritime clash in which it fired water cannon at Philippine vessels in the disputed South China Sea was «professional and restrained». A foreign ministry spokesperson said a Chinese coast guard ship «lawfully stopped» two Philippine vessels, adding: «This professional and restrained on-site operation is beyond reproach.» The incident happened on Saturday as the Philippine Coast Guard escorted charter boats carrying food, water, fuel and other supplies to Filipino military personnel stationed at Second Thomas Shoal in the Spratly Islands.

06.08 / 15:29

Reuters Action country Philippines accuses China of illegal actions in South China Sea, water-cannoning their supplies

China maintained that it took the necessary action to deter Philippine ships which were trespassing and carrying illegal building materials, news agency Reuters reported on Sunday. The report mentions that the incident took place close to the Second Thomas Shoal, which is referred to as Ayungin Shoal by Manila. The area is a submerged reef where a small number of its troops reside on an old US ship from World War Two that was deliberately grounded in 1999.

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.

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