Philippine Bank Lending Slows in March – BSP
MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from February’s 15.2 percent rise, the Bangko…
PH To Appeal to Indonesia To Commute Death Penalty of Filipina Convict
MANILA, PHILIPPINES – The Department of Foreign Affairs (DFA) of the Philippines said it will continue to appeal to Indonesia to commute the death penalty it imposed on Filipina drug…
More Young Chinese Investing in Stocks But Experts Warn of Risks
SHANGHAI – A new breed of well-educated young Chinese are now buying stocks but experts warn of risky investments as most of these young people in China are inexperienced. Experts…
Vietnam’s Life Insurance Premium Grows 25 Percent in Jan-Feb Period
VIETNAM – The Insurance Supervisory Authority (ISA) of Vietnam has released data showing the country’s total life insurance premiums growing by 25 percent in the January-February of this year to…
Avon Reports 18 Percent Revenue Fall in First Quarter
USA – Avon Products, the 129-year-old cosmetics empire that directly sells beauty products, seemed to have lost its appeal a little bit in the first quarter of this year after…
Philippine Central Bank Issues Public Advisory on Credit Card Collection Agencies
MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the extent of authority of external collection…
Crown Asia Chemicals Raises US$5 Million in Philippine IPO
MANILA, PHILIPPINES – Crown Asia Chemicals Corporation, a plastic compounds and pipe producers, was able to raise Php222.8 million (USD5 million) from its initial public offering (IPO), the Philippine Stock…
Philippine President to Visit Filipino Communities During US, Canada Trips
MANILA, PHILIPPINES – Philippne President Benigno S. Aquino III will meet with Filipino communities when he goes to the United States and Canada on the second week of May, the…
Philippine Central Bank Issues Advisory on Authority of Credit Card Collection Agents
MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the extent of authority of external collection…
Goldman’s Investment To Boost Bitcoin’s Credibility
After releasing a report in March that said the amount of bitcoin trading activity in China has risen, Goldman Sachs is co-leading a USD50 million investment round in bitcoin wallet…
Bank of Japan Holds Off Expanding Monetary Stimulus
TOKYO – Japan’s central bank the Bank of Japan (BOJ), has decided to hold off on expanding monetary stimulus during a board meeting in Tokyo on Thursday. The BOJ board…
Philippine Unemployment Rate Drops in First Quarter
MANILA, PHILIPPINES – A survey conducted by Social Weather Stations (SWS) showed that the number of unemployed Filipinos dropped in the first quarter of this year, the lowest under President…
Philippine President Advices Manny Pacquiao to Retire After Mayweather Fight
MANILA, PHILIPPINES – President Benigno S. Aquino III would like Sarangani Representative and Filipino boxing icon Manny Pacquiao to seriously consider retiring from boxing after his upcoming fight with Floyd…
Economic Losses in Nepal Could Reach $2 Billion
NEPAL – As rescuers scramble against time to rescue those who are still trapped inside collapsed buildings in Nepal, economists said the massive earthquake that hit the country last Saturday…
Hong Kong Authorities Warn of Fake Dah Sing Bank Website
HONG KONG – The Hong Kong Monetary Authority (HKMA) has warned the public against a fraudulent website that claims to be the official site of Dah Sing Bank Ltd (DSB).…
Bank Negara Malaysia Names Mohd Adhari Belal Din as Assistant Governor
KUALA LUMPUR, MALAYSIA – Bank Negara Malaysia, the country’s central bank, has announced the appointment of Mod Adhari Belal Din as assistant governor, in addition to his function as strategic…
Hanwha Life of Korea To Double Number Of Financial Consultants in Indonesia
JAKARTA, INDONESIA – South Korea’s first life insurance company, Hanwha Life Insurance, is seeking to hire 650 new financial consultants in Indonesia within this year to double its existing number…
Massachusett Resident’s Support for Boston Marathon Bomber’s Death Penalty Decreasing
BOSTON, MASSACHUSETTS – Only 15 percent of residents in Boston and 18.9 percent of the entire Massachusetts residents reported support for the death penalty for Boston Marathon bomber Dzhokhar Tsarnaev,…
Laude Family Seeks Live Coverage of US Marine Pemberton’s Philippine Murder Trial
MANILA, PHILIPPINES – The murder trial involving US Marine Private First Class Joseph Scott Pemberton, the prime suspect in the death of transgender Jeffrey “Jennifer” Laude, should be covered live…
Milk Tea Stores Caught Selling Expired Ingredients in Davao, Philippines
DAVAO, PHILIPPINES – At least two milk tea sores in Davao City were caught allegedly selling expired milk tea ingredients just a few weeks after two persons in Manila died…