STOCK PHOTO - Pixabay.comAustralian mining and logistics firms are interested in doing business in the Philippines according to Australian ambassador Steven J. Robinson, who cited policy reforms that have eased the barrier to entry.“I think the future’s looking very, very good,” he said on May 20, the first day of the Philippines-Australia Friendship Festival in SM Megamall’s Fashion Hall.Noting that ...

REUTERSBy Brontë H. Lacsamana, ReporterCHINESE multinational technology company Huawei Technologies Co., Ltd., will continue investing in green innovation to support digital growth in the Asia Pacific. Ken Hu, Huawei’s rotating chairman, said at the May 19 opening of the Huawei APAC Digital Innovation Congress 2022 that the company invested 22% of $99.9 billion (its total revenue in 2021) in research and development for ...

REUTERSSHANGHAI, May — China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year as Beijing seeks to revive the ailing housing sector to prop up the economy.Senior officials have pledged further measures to fight a slowdown in the world’s second-biggest economy, hit by coronavirus disease 2019 (COVID-19) outbreaks that prompted ...

REUTERSKOENIGSWINTER, Germany — US Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources it needs in its struggle against Russia’s invasion, and that policymakers are determined to meet their inflation targets.Ms. Yellen, speaking to reporters after the first day of a G7 finance ministers and central bank governors’ meeting here, declined ...

CORPORATE.WALMART.COMNEW YORK — Walmart, Target, and Kohl’s were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to US shoppers’ wallets and retailers’ bottom lines.Among 145 retailers that have reported first-quarter earnings so far, 127 mentioned inflation and 138 flagged ...

PHILIPPINE STAR/ MICHAEL VARCASThe Philippine central bank chief said on Friday president-elect Ferdinand “Bongbong” R. Marcos, Jr., is better placed than his predecessor to face economic challenges and that he expects structural reforms and infrastructure build-up will continue under the new administration.Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, speaking at an Asian Development Bank Institute forum, said there ...

KOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures.Ms. Georgieva told Reuters that it was getting harder for central banks to bring down inflation without causing recessions, due to mounting pressures on energy and food prices from Russia’s ...

HONG KONG/HANOI — TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.Featuring games on its platform would boost advertising revenue as well as the amount of time users spend on the app — one of the world’s ...

BW FILE PHOTOBy Luz Wendy T. Noble, ReporterThe country’s balance of payment (BoP) posted a deficit in April as the government continued to pay for its foreign debt obligations, and as the trade deficit widened due to the rising value of imports.Data released by the Bangko Sentral ng Pilipinas late Thursday showed the BoP stood at a $415-million deficit, a ...

When Jardin Wong, Jillian Sze, and Miguel Tan approached WTA Architecture and Design Studio with their idea for their first project as real estate developers, they came with a story about independence. Seeking to cast a new shadow over the hyper-competitive Philippine property scene, and make a mark outside their respective family businesses, the three partners — who formed the ...