As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise between all-combustion and all-electric is a durable trend.
As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs.
U.S. President Joe Biden's reelection campaign joined short-form video app TikTok on Sunday, using the NFL's Super Bowl to kick off its new account to reach young voters ahead of the presidential election in November.
Thailand will establish an asset management firm in the first quarter of this year to help resolve its stubborn problem of high household debt, the prime minister said on Monday.
The Bank of Japan should consider ending its yield curve control and massive asset purchases now, then gradually raise short-term interest rates, the IMF said on Friday, as markets ramp up bets on a near-term turn in the central bank's ultra-easy policy.
The House of Representatives’ justice committee on Wednesday, February 4, junked two impeachment complaints against President Ferdinand Marcos Jr., saying the petitions failed to sufficiently establish impeachable offenses. The dismissal effectively grants Marcos a one-year immunity from impeachment, as the Constitution allows only one proceeding against an official per year. The complaints, separately endorsed by Pusong Pinoy Rep. Jett Nisay and the Makabayan bloc, faulted the President for flood control failures and budgetary problems. The Makabayan-backed petition went further, alleging systemic corruption through a “BBM parametric formula,” abuse of unprogrammed funds, and Marcos’ alleged direct role in kickbacks.
Japan and the Philippines have agreed in principle to replace their existing tax treaty, marking the first major update to the agreement in nearly 20 years.
Rizal Commercial Banking Corp. (RCBC) emerged as a standout at the 61st Anvil Awards, securing multiple recognitions for communication programs that reinforce its push for financial inclusion, sustainability, and digital transformation.