Vietnam Holding Limited said 23 out of the 25 stocks in is portfolio rose in December as the mood among the country’s population remained upbeat. NAV rose by 8.2%, taking the ga ... ( read original story ...)
Philippines’ dollar reserves hit new record
The Philippines’ dollar reserves reached a new all-time high as of end-2020, the central bank said on Friday. GROSS international reserves (GIR) — which shield the country from liquidity shocks — ... ( read original story ...)
BSP to prioritize financial stability as pandemic continues
THE CENTRAL BANK will prioritize financial stability as the coronavirus pandemic stretches on, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said on Friday. “Supervisory priority areas ... ( read original story ...)
‘The worst is over’: Philippine trade secretary says country’s economy is recovering
Several economic indicators, including GDP, unemployment rate and exports, have pointed to a recovery in the Philippine economy, says Ramon Lopez, the country's secretary of trade and industry. ( read original story ...)
Philippines raising P70 billion for unprogrammed COVID-19 vaccine funds
The Department of Finance (DOF) is raising P70 billion for the procurement of COVID-19 vaccines by securing loans to cover the unprogrammed appropriations under the total P82.5-billion budget for the ... ( read original story ...)
Gov’t purchase of vaccines not based on ‘political, financial interests,’ Galvez assures
MANILA, Philippines — The government’s procurement of Covid-19 vaccines from different companies is not based on political and financial interests. The country’s vaccine czar, Secretary ... ( read original story ...)
Rizal Commercial Banking Corporation’s Digital Banking Solution, DiskarTech, Is Now Number 1 Fintech App in the Philippines
Rizal Commercial Banking Corporation’s digital banking solution, DiskarTech, is now number 1 Fintech app in the Philippines. ( read original story ...)
Philippine leader Rodrigo Duterte says women are not fit to be president
His latest disparaging remarks about women come amid speculation that his daughter will run for the presidency next year. ( read original story ...)
China’s EV funding war: what do US$1.3 billion of oversold notes say about NIO’s prospect in world’s biggest vehicle market?
Electric carmakers are rapidly raising funds and diversifying capital structures while their stocks fly high. They will still need to fight for every dollar to fund the electrification of the industry ... ( read original story ...)
China Bans Banks From Selling Deposit Products on Third-Party Internet Platforms
China's banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits. The move ... ( read original story ...)