With the Federal Reserve expected to continue hiking rates, as well as the grave macroeconomic imbalances in Europe and the UK (details of which can be found in a previous article), stock markets are in the red across the board, with the US 10-year bond
Shares of Biogen Inc (NASDAQ: BIIB) shot up 40% on Wednesday after the biotech firm said its experimental Alzheimer’s drug showed promising results in a Phase III trial. Why is it a big news for Biogen? The Cambridge-headquartered multinational makes “Lecanemab” in collaboration with the Japan-based Eisai
BW FILE PHOTOTHE INFORMATION TECHNOLOGY and business process management (IT-BPM) industry is targeting to generate as much as $59 billion in revenues by 2028, as it sees continued growth despite the dimming global outlook. IT and Business Process Association of the Philippines (IBPAP) President Jack
People hold Philippine flags at the Quirino Grandstand in Manila, June 12, 2007. — REUTERSBy Arjay L. Balinbin, Senior ReporterTHE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries. In IMD business school’s World
People hold Philippine flags at the Quirino Grandstand in Manila, June 12, 2007. — REUTERSBy Arjay L. Balinbin, Senior ReporterTHE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries. In IMD business school’s World
BW FILE PHOTOTHE NATIONAL GOVERNMENT (NG) plans to borrow P200 billion locally in October, the Bureau of the Treasury (BTr) said on Wednesday. The October borrowing plan has the same amount as that in September but is 7% lower than the P215-billion program for August.
THE PHILIPPINE PESO breached the P59-to-dollar level for the first time in intraday trading on Wednesday, before closing just below the record low. The local unit closed at P58.98 against the greenback on Wednesday, strengthening by one centavo from its lowest-ever finish of P58.99 on
DECLINING foreign exchange (FX) reserves mean Asian central banks will probably start looking for alternative ways to support their currencies, according to Nomura Holdings, Inc. Some of the potential methods they may choose include mandating exporters to sell foreign currency proceeds, placing restrictions on trade accounts,
FACEBOOK/TIMHOWANPHA SUBSIDIARY of Jollibee Foods Corp. (JFC) has committed more funds to the private equity fund that owns the Tim Ho Wan brand and company-owned stores ahead of a planned expansion in China.In a disclosure to the stock exchange on Wednesday, the food service company
BW FILE PHOTOAYALA-LED Globe Telecom, Inc. on Wednesday issued a public warning against acting as “money mules” to withdraw or transfer illegally obtained money.“Money mules are verified account owners of a bank or other financial accounts used by a third party to obscure the source
