The Philippines’ banking system grew faster than the country’s nominal gross domestic product (GDP) in May this year, and even accounted for 95.8% of the economy, data released by the Department of ... ( read original story ...)
Philippines sets aside P20-B to vaccinate 20-M vs COVID-19
Nonetheless, Friday's televised briefing provided some idea on the government's optimism that a COVID-19 vaccine is just around the corner. Dominguez cited four vaccines currently in advanced stages ... ( read original story ...)
Philippines Could Have Its Own Digital Currency Like China
The Philippine Central Bank formed a technical working group ... central banks are rushing to create digital currencies to give them the ability to run the financial system without banks. He cited ... ( read original story ...)
Japan MOF, FSA, BOJ to meet from 0700 GMT – MOF
Senior officials from Japan's Ministry of Finance (MOF), the Bank of Japan and the Financial Services Agency will meet on Friday from 4 p.m. (0700 GMT) to discuss financial markets, the finance ... ( read original story ...)
ADB to finance $200 million into private gas power plant in Bangladesh
The Asian Development Bank (ADB) will provide a $200 million financing package to the (RBLPL) to build and operate a 718MW combined-cycle gas-fired power plant in Bangladesh. An agreement to this end ... ( read original story ...)
Infrastructure Push: Why India Needs A New Development Finance Institution
Development finance institutions have a key role to play in an efficient mobilisation of funds for infrastructure. ( read original story ...)
CORRECTED-China says to penalise Luckin Coffee for accounting fraud
China's Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. The ministry ... ( read original story ...)
Anti-China sentiment in US at ‘historic high’, Pew Research survey finds, amid friction over trade, coronavirus and human rights
Americans' negative views toward China have reached a "new historic high" amid the coronavirus pandemic, according to a report published by the Pew Research Centre on Thursday."Around three-quarters ( ... ( read original story ...)
China iron ore, steel futures rise on government stimulus hopes
China to complete local government special bond issuance by end-Oct BEIJING, July 30 (Reuters) - Iron ore and steel futures in China inched higher on Thursday as Beijing aimed to complete local ... ( read original story ...)
China’s aggression in Ladakh, real estate claims in Bhutan show its intentions, says Mike Pompeo
China's recent aggression in India's eastern Ladakh and claims for the real estate in Bhutan are indicative of its intentions, US Secretary of State Mike Pompeo has said, asserting that Beijing under ... ( read original story ...)