BW FILE PHOTOTHE BANGKO SENTRAL ng Pilipinas (BSP) sees the country posting a wider balance of payments (BoP) deficit this year as the global outlook remains clouded with uncertainty.The central bank said the revised BoP projections for this year and 2023 were mainly influenced by the same risk factors incorporated in September forecast round.“In particular, risk factors such as persistent ...

A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS/THOMAS WHITE/ILLUSTRATIONEconomic managers said they “strongly support” the creation of the Maharlika Wealth Fund (MWF), after lawmakers agreed to remove a provision in the bill that would have sourced its funding from state-run pension funds.“We, the economic managers of the Marcos Jr. administration, strongly support the ...

Sam Bankman-Fried, founder and former chief executive officer of now-bankrupt crypto exchange FTX. — WIKIMEDIA COMMONSHouse Financial Services Committee Chairwoman Maxine Waters told Reuters on Thursday that she is prepared to subpoena FTX founder Sam Bankman–Fried if he does not agree to appear before the panel next week and she is working out the best way to do it.“We’ve made it clear that we want Sam at our ...

STOCK PHOTO | Image by Lim Yaw Keong from PixabayTOKYO – Japanese billionaire Yusaku Maezawa revealed on Friday that K-pop star TOP and DJ Steve Aoki will be among the eight crew members he plans to take on a trip around the moon as soon as next year, hitching a ride on one of Elon Musk’s SpaceX rockets.Maezawa bought every seat on the maiden lunar voyage, which has been in the works since 2018 and would follow his trip on a Soyuz spacecraft to the ...

WASHINGTON – The Biden administration on Thursday moved to block Microsoft‘s $69 billion bid to buy “Call of Duty” maker Activision Blizzard, throwing a stumbling block in front of the tech giant’s plans to rapidly expand its portfolio of popular games and catch up to bigger rivals.Microsoft, which owns the Xbox console and game network platform, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal in history.Without Activision and ...

LONDON – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the euro zone economy almost certainly being in recession, as it battles inflation running at five times its target, a Reuters poll found.Since starting its inflation-fighting campaign in July, later than its peers, the ECB has been raising rates at its fastest pace on record and has already added 200 basis points ...

Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data and harness its power to help them make more informed decisions much quicker.A cloud-based environment is seen to give enterprises this kind of flexibility, and the group behind famous brands such as Landers Superstore, Popeyes Philippines, ...

Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERSTHE PHILIPPINES’ dollar reserves dipped as of end-November as the National Government paid some of its debt obligations and the Bangko Sentral ng Pilipinas (BSP) continued to defend the peso.Data released by the BSP on Wednesday evening showed gross international reserves (GIR) ...

Families enjoy taking pictures around Luneta Park in Manila, Nov. 28. Economic managers are targeting 6.5-7.5% gross domestic product growth this year, and 6-7% in 2023. — PHILIPPINE STAR/ MIGUEL DE GUZMANA RECESSION is unlikely in the Philippines, according to President Ferdinand R. Marcos, Jr., citing the improvement in jobs market in October.“I’m confident that recession will not happen in ...

Students attend a cooking class at the Technical Education, Skills and Development Authority (TESDA) training school in Taguig City, March 23. — PHILIPPINE STAR/ KRIZ JOHN ROSALESBy Revin Mikhael D. Ochave, ReporterTHE PHILIPPINES jumped three spots in an annual global ranking of economies that measures their ability to attract and retain a skilled workforce, a report by the Institute for ...