Philippines Financial News

06.08 / 08:51

BLOCK Waters Action Continental social exclusive Philippines says China blocked, water-cannoned boat in S. China Sea

coast guard of blocking and water-cannoning a Philippine military supply boat in the South China Sea, condemning the «excessive and offensive actions» against its vessels. China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials.China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas.

06.08 / 05:37

Provident BLOCK Man Waters Action stage Philippine military condemns Chinese coast guard's use of water cannon on its boat in disputed sea

Philippine military on Sunday condemned a Chinese coast guard ship's «excessive and offensive» use of a water cannon to block a Filipino supply boat from delivering new troops, food, water and fuel to a Philippine-occupied shoal in the disputed South China Sea. The tense confrontation on Saturday at the Second Thomas Shoal was the latest flare-up in the long-seething territorial conflicts involving China, the Philippines, Vietnam, Malaysia, Taiwan and Brunei.

03.08 / 21:55

CBDC Adoption Digital Dollar Digital Dollar Project completes CBDC retail remittance pilot with Western Union

The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.

03.08 / 19:43

Facebook Provident Digital Google Mobile Traffic The underwater cables remain the king for internet traffic

internet traffic is carried by submarine cables (SMCs) and only 1% by satellite links? The 2022 edition of TeleGeography depicts this as 486 cable systems and 1,306 landings, active or under construction — a length of 1.3 million km of cables on the ocean floor, good enough to go around the world 32 times. That is some progress after the Atlantic Telegraph Company’s first transatlantic undersea cable allowed Queen Victoria to message American President James Buchanan in 1858.

03.08 / 19:17

UPS Target Booking Extreme CEO Infinity Westpac’s fin advice white knight, Viridian, bets on mortgages

Four years after it grabbed headlines buying up Westpac’s financial advice books, Melbourne’s Viridian Financial Group has found an acquisition that would push its revenue over the $100 million mark for the first time.

03.08 / 08:59

Citi Career LinkedIn Morningstar show PAC PAC Capital owner lasted three months at JP Morgan Manila

Sydney fund manager Clayton Larcombe worked for US investment bank JP Morgan for three months, in the Philippines, not the two years claimed on his now-defunct LinkedIn profile.

02.08 / 19:35

Citi BLOCK Waters Entertainment stage folk The US is concerned with blacklisted Chinese firm's hand in island-building near its Manila embassy

The United States has expressed concerns over major land reclamation projects in Manila Bay, where its heavily secured embassy sits on one edge

02.08 / 10:17

UPS Reuters Coca-Cola Google Browser Inside Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 billion

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02.08 / 08:17

COST Lowe's FIVE performer Inside High Court’s hard line in bribery case could lift corporate penalties

The High Court has opened the door to tougher penalties for corporate offending after rejecting a fine of $1.35 million for engineering firm Sinclair Knight Merz (SKM) in a foreign bribery case.

02.08 / 04:43

UPS Waters Extreme Racing Southern Beijing rains heaviest since records began 140 years ago

«The maximum (amount) of rainfall recorded during this storm, which was 744.8 millimetres, occurred at the Wangjiayuan Reservoir in Changping,» the Beijing Meteorological Service said. It was the «heaviest rainfall in 140 years», when Beijing records began, it added. The largest volume previously recorded was 609 millimetres in 1891, the service added.Storm Doksuri, a former super typhoon, swept northwards over China after hitting southern Fujian province last week, following its battering of the Philippines.

02.08 / 03:47

Action Remark DAL country PM Modi plans to flee the country after losing Lok Sabha polls like Marcos: RJD leader Lalu Prasad

Opposition's demand for Prime Minister Narendra Modi's presence in Parliament for a discussion on the Manipur issue, Rashtriya Janata Dal leader Lalu Yadav made a statement on Tuesday suggesting that PM Modi's absence might be due to a sense of guilt. «PM is seemingly avoiding it due to guilt,» remarked RJD chief Lalu Yadav. Regarding the rumored statement that PM Modi might leave the country after the 2024 Lok Sabha election, Lalu Yadav responded, «He seems to have plans to seek refuge elsewhere.

01.08 / 06:29

Citi Man Waters Southern Orange show At least 11 killed, 27 missing in Beijing rainstorms

Beijing, state media said Tuesday, in downpours that have submerged roads and deluged neighbourhoods with mud.Storm Doksuri, a former super typhoon, had swept northwards through China since hitting southern Fujian province on Friday after first scything through the Philippines. Heavy rains began pummelling Beijing and its surrounding areas on Saturday, with nearly the average rainfall for the entire month of July dumped on the capital in just 40 hours. Swathes of suburban Beijing remain badly hit by the rains — some of the city's heaviest in years.

31.07 / 04:37

UPS IPO Provident Target Manufacturing RFC Ambrian tips into NextOre Series B capital raise; plans IPO

RFC Ambrian is tipping in $5 million into mining tech business and IPO hopeful NextOre, cornerstoning its Series B growth funding round.

30.07 / 18:57

UPS BLOCK Progressive stage Swiss exit Soccer-Co-hosts NZ exit World Cup after Swiss stalemate

New Zealand and Switzerland played out an underwhelming 0-0 stalemate in the Women's World Cup on Sunday, sending the co-hosts out of the tournament on goal difference and the Europeans through to the last 16 as Group A winners. Norway's 6-0 thrashing of the Philippines in the other group game in Auckland put them level on four points with New Zealand but second on goal difference.

30.07 / 12:37

Citi IPO CEO Platform show performer reports Kfin Technologies reports impressive Q1 results with robust growth in revenue and market share

KFin Technologies Limited reported its financial results for the quarter ended June 30, 2023, with positive growth in various key metrics. The company's revenue from operations reached ₹1,815.0 million, showing a YoY increase of 7.6%. The EBITDA stood at ₹704.3 million, marking a 12.8% YoY growth, and the EBITDA margin for Q1FY24 improved to 38.8% from 37.0% in Q1FY23.

30.07 / 04:57

Google Celebrity stage country Google Doodle celebrates Women's Fifa World Cup 2023

Google is celebrating the Fifa Women's World Cup with a special doodle released on Sunday. Google's latest doodle will only be available in select countries including Canada, Iceland, Cuba, Costa Rica, United Kingdom, Ireland, Norway, Latvia, Germany, Italy, Bulgaria, Spain, Armenia, Zambia, Nigeria, Japan, Philippines, Australia and New Zealand. The search giant had announced a special multiplayer game to commemorate the opening day of the FIFA Women's World Cup on July 20.

29.07 / 15:53

Citi Waters Parke Southern country Weaker Doksuri drenches north China, Beijing evacuates thousands

By Liz Lee, Jenny Wang and Ryan Woo

29.07 / 10:57

MET Cooper Progressive Aware country exclusive US, Australia to cooperate with India to ensure security and stability of Indo-Pacific

Australia on Saturday agreed to further cooperate with India, Japan, Indonesia, the Philippines and Korea to ensure the security and stability of the Indo-Pacific at the 33rd Australia-US Ministerial Consultations (AUSMIN). Officials from the two countries on Saturday met in Brisbane.

29.07 / 09:43

country Philippines must import rice as El Nino looms, may look to India - Marcos

Marcos Jr. said on Saturday his country must start importing rice to prepare for the impact of El Nino dry weather conditions on the local harvest, and may seek a supply deal with India.

28.07 / 14:23

Provident COMPOSITE performer cover India tops Mint's EM tracker for the fourth straight month

Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. With a composite score of 69, India topped the EM league table in June.

28.07 / 01:47

UPS Citi show Killing Fierce winds cause panic on ferry that capsizes in Philippines, killing at least 26, officials say

Coast guard and police said search and rescue efforts had resumed after a pause Thursday night. Officials said it remained unclear how many people were aboard the M/B Princess Aya, which capsized Thursday in Laguna de Bay in Rizal province east of Manila. When people rushed to one side of the vessel amid severe winds, the boat tilted and its outrigger broke, then the boat capsized shortly after leaving a wharf in the town of Binangonan for nearby Talim island, police and the coast guard said.

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