Environment protection spending dips by 4.6% in 2021 — PSA

Expenditures for environmental protection declined by 4.6% year on year in 2021, data from the Philippine Statistics Authority (PSA) showed. The statistics agency’s Compendium of Philippine Environment Statistics (CPES) Component 6 showed annual government environmental protection expenditures went down to P25.4 billion last year from P26.6 billion in 2020. The CPES, an adoption of the […]

In Hong Kong, Xi says ‘one country, two systems’ is here to stay

LOK YIU CHEUNG-UNSPLASH HONG KONG — There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday.  Britain returned Hong Kong to Chinese rule on July […]

Indonesia leader targets food crisis during Russia-Ukraine peace mission

REUTERS Indonesia’s president ended a trip to Ukraine and Russia saying he hoped for progress reintegrating global food and fertilizer supply lines disrupted by the conflict, and offered to be a diplomatic bridge between the two nations. President Joko Widodo, who is the Group of 20 (G20) president this year, was speaking at a news […]

Asia’s factories feeble despite China bounce, feeds global recession fears

REUTERS TOKYO — Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict coronavirus disease 2019 (COVID-19) lockdowns, while sharp economic slowdown risks in Europe and the United States reinforced fears of a global recession.  A string of surveys on Friday showed China’s factory activity bouncing solidly […]

EU says it may not be possible to cross finish line on Iran nuclear deal

Image via Rikard Fröberg/Flickr/CC BY 2.0 UNITED NATIONS — Senior Western officials voiced doubts about reviving the 2015 Iran nuclear deal on Thursday, with the European Union (EU) saying it “might not make it over the finishing line” and a US official saying the odds had lengthened after this week’s failed talks. The UN Security […]

Meta slashes hiring plans, girds for ‘fierce’ headwinds

DESIGN.FACEBOOK.COM Facebook-owner Meta Platforms Inc. has cut plans to hire engineers by at least 30% this year, Chief Executive Officer Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.  “If I had to bet, I’d say that this might be one of the worst downturns that we’ve […]

GCash lone PH representative in exclusive UK-APAC tech dialogue at London Tech Week 2022

GCash President and CEO Martha Sazon is one of the speakers at a panel discussion in the London Tech Week called ‘Fintech in APAC – Opportunities beyond the obvious.’ Popular e-wallet super app GCash represented the Philippines in an intimate roundtable discussion among Asia-Pacific tech representatives and top UK officials at 10 Downing Street, the […]

GCash lone PHL representative in exclusive UK-APAC tech dialogue at London Tech Week 2022

GCash President and CEO Martha Sazon is one of the speakers at a panel discussion in the London Tech Week called ‘Fintech in APAC – Opportunities beyond the obvious.’ Popular e-wallet super app GCash represented the Philippines in an intimate roundtable discussion among Asia-Pacific tech representatives and top UK officials at 10 Downing Street, the […]

BSP may consider bigger rate hikes

THE Philippine central bank would consider bigger key rate increases to support the peso and amid faster inflation, according to its new chief. “The key really is what’s the momentum of inflation,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla told reporters on Wednesday night. Still, he expects consumer spending to boost economic growth […]

Exodus of nurses continues in virus-stricken Philippines

A HEALTH WORKER at the National Kidney and Transplant Institute pushes a patient in a wheelchair in this Aug. 15, 2021 photo. — PHILIPPINE STAR/ MICHAEL VARCAS VINCENT GIAN N. SALAZAR, 26, fulfilled his lifelong dream by moving to the US as a healthcare practitioner in 2021, when the Philippines was reeling from the sting […]