Some P1.9 trillion has been released to the Philippine financial system as a result of monetary policy easing measures that have brought down rates to record lows, the Bangko Sentral ng Pilipinas (BSP …
Finance Ministry remains optimistic about economic revival in third quarter
An overall increase in rabi coverage with adequately filled irrigation reservoirs bodes well for growth of agricultural output in 2020-21. The sustained demand for labour arising from increase in rabi …
Renault India announces new offers for the specially-abled: Schemes explained
Renault India is championing the cause of the specially-abled. This is the first time that an auto manufacturer has paid special attention at the differently-abled. As directed by the ministry of …
V-shaped recovery is evident, global uncertainty not mirrored in India, finance ministry says
Finance ministry’s monthly outlook report for November says another wave of Covid is a downside risk, but there’s growing optimism thanks to vaccines and other factors.
India can become $100-billion export hub for printed circuit boards: ICEA, EY report
India has the potential to become a $100-billion global manufacturing and export hub for printed circuit board assembly (PCBA) alongside mobile phone manufacturing by 2025-26, said a report on Thursda …
U.S. Hopes a Small Step in Easing a Mideast Rivalry Could Further Rattle Iran’s Economy
The Trump administration wants Saudi Arabia to open its airspace to Qatari flights that are currently paying millions of dollars to route over Iran.
Philippines launches third int’l bond offering
The Philippine government has entered the global bonds market anew this year to raise more funds in a bid to boost its war chest to address the economic impact of the COVID-19 pandemic.
Japan Plan Phase-Out of New Gasoline Cars by Mid-2030s
All new vehicles sold in Japan by the mid-2030s will be hybrid or electric as the government begins to unveil concrete steps for reaching its goal of becoming carbon neutral by 2050, broadcaster NHK …
Japan plans to phase out petrol, diesel cars by mid-2030s
Japan’s economy ministry is targeting ‘100% electrification’ over approximately 15 years, a move that would gradually bump gasoline-engine cars out of the new car market …
Macau gambling revenue has tanked 80% in 2020 due to pandemic
The COVID-19 pandemic has hammered gambling revenue in Macau, the “Vegas of China.” Through November, Macau gaming revenue is down 80.5% in 2020 to $6.58 billion, according to the latest figures from …