According to the United Nations Food and Agriculture Organization (FAO), global rice prices in August were 31% higher than the previous year, and at a 15-year high, which has left the inflation-sensitive governments of Southeast Asia scrambling for ans…
State-owned Land Bank of the Philippines (LandBank) on Sunday said it remains adequately capitalized even with the bank’s PHP50 billion seed capital to the Maharlika Investment Corporation (MIC).In a statement, the bank said it remains strong, ade…
The South Korean economy is entering a “recovery phase” on the back of signs of an export rebound, while the geopolitical tension from the Middle East is emerging as a new uncertainty, the finance minister said Sunday.
“We believe that chips are …
South Korea’s financial watchdog said Sunday that it plans to fine two global investment banks (IBs) for illegal stock short selling.
The Financial Supervisory Service (FSS) said the two Hong Kong-based IBs are expected to have the “largest fines…
South Korea’s central bank is expected to keep its benchmark rate unchanged at 3.5 percent for the sixth consecutive time this week, with inflation continuing to ease amid lingering concerns about growth, according to experts Sunday.
According to…
Foreign investors have dumped South Korean stocks for 15 consecutive trading days, the longest streak logged since 2020, according to the bourse operator Sunday.
Foreigners offloaded a net 2.5 trillion won (US$1.8 billion) on the benchmark Korea …
Secretary-General of ASEAN Dr Kao Kim Hourn met with Governor of Henan Province Wang Kai today at the Yellow River Guesthouse at Zhengzhou, Henan Province. They discussed possible areas for cooperation between the Henan Province, city of Zhengzhou…
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Two months before yearend, the Department of Tourism (DOT) breached its target of training 100,000 frontline tourism workers on the Filipino Brand of Service Excellence (FBSE), Tourism Secretary Christina Garcia Frasco said on Sunday.Undertaken by…