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Biden’s reelection campaign joins TikTok in push for young voters

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 to create asset management firm to tackle soaring household debt

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.

IMF urges BOJ to end bond yield control, huge asset buying

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.

As China woes mount, investment banks brace for more Asia job cuts

Job cuts at western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as deal prospects brighten in Japan and India, headhunters and bankers said.

Equities fall, yields jump after data and Powell comments

Shares on Wall Street and in Europe fell on Monday and government bond yields jumped as traders amended their expectations of a near-term U.S. interest rate cut.

Just in

DOE opens bidding guidelines for Mindanao-focused renewable energy auction

The Department of Energy has released the terms of reference for the seventh round of the Green Energy Auction, which will prioritize renewable energy projects in Mindanao.

NFA steps up palay purchases as wet-season support prices rise

The Department of Agriculture (DA) confirmed that the National Food Authority (NFA) is expanding its palay procurement efforts to boost the country’s rice buffer stocks.

Another round of steep fuel price hikes expected this week

Local fuel retailer Jetti Petroleum has warned that another significant increase in pump prices for gasoline and diesel is set to take place this week.

SEC adopts updated financial reporting standards

The Securities and Exchange Commission has formally adopted the latest set of financial reporting pronouncements to ensure the country’s reporting framework keeps pace with changing global accounting standards and growing demands for sustainability-related disclosures.
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