Reuters

0 POSTS

OPEC+ ministers meet to discuss additional oil output cuts

The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts for next year to support the market, three delegates told Reuters.

Beijing bourse tells ‘major shareholders’ to refrain from selling, sources say

The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on the bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said on Monday.

China’s fast-fashion retailer Shein files for US IPO – sources

China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.

Philippines launches maiden sukuk bonds sale

The Philippines, one of Asia's most active sovereign debt issuers, has launched its maiden sukuk bonds issue, according to a government announcement on Monday, mandating banks involved to arrange the sale.

UN aviation meeting agrees to goal of 5% lower emissions by 2030

A meeting of more than 100 countries on Friday agreed to an interim goal for emissions reductions from global aviation by 2030 by using less-polluting fuels, but China, Russia and some others aired concerns about the impact on their economies.

Just in

DTI pushes VinFast to build Philippine EV plant

The Department of Trade and Industry (DTI) is urging Vietnamese automaker VinFast to consider establishing manufacturing operations in the Philippines, as the government accelerates plans for a comprehensive electric vehicle (EV) incentive program.

Cebu snack maker signs power supply deal with COREnergy for 750 kW

Cebu-based snack manufacturer Prifood Corp has partnered with COREnergy, the retail electricity arm of Vivant Energy, to supply power to its manufacturing operations in the Philippines.

Prime Energy sees Malampaya Phase 4 delivering gas later this year

Prime Energy, the gas exploration arm of Prime Infrastructure Capital Inc., says it is confident it will deliver the  first gas from the Malampaya Phase 4 (MP4) project by the fourth quarter of 2026, staying on schedule based on current progress.

Marcos government eyes income upgrade, poverty decline soon

The administration of President Ferdinand R. Marcos Jr. says the Philippines remains on track to achieve upper middle-income status and further cut poverty rates within the President’s term, even as global uncertainties weigh on growth prospects.
spot_img