Tag: Editors' Picks

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India imposes 40% export duty on onions to calm rising prices

Agriculture Context.ph Context.ph -
India will impose with immediate effect a 40 percent export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the vegetable, the ministry of finance said in a notification on Saturday.

Shein, Forever 21 owner sign deal as fast-fashion majors look to widen reach

Corporate Context.ph Context.ph -
Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online fashion retailer and its rivals look to expand their market reach.

Bautista urges KEXIM for more transport-related support projects

Transport & Logistics Context.ph Context.ph -
South Korea, the country's fourth largest source of sub-market loans, more known as official development assistance (ODA), has indicated a willingness to fund even...

Fed’s Powell: higher rates may be needed, will move ‘carefully’

Banking & Insurance Context.ph Context.ph -
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy.

Asia’s worries over currency volatility get in the way of rate cuts

Banking & Insurance Reuters Reuters -
A spurt in the U.S. dollar and China's defense of the yuan are forcing Asian central banks to step up interventions in their weakening...
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Jobstreet expands free hiring tools for MSMEs

Economy 0
Nearly half of Filipino micro, small, and medium enterprises (MSMEs) are facing a talent crunch even as most plan to expand their workforce, prompting Jobstreet by SEEK to widen access to free digital recruitment tools for smaller businesses.

SM keeps 100-mall goal as visits lengthen

Property 0
SM Supermalls remains committed to its five-year expansion plan and goal of operating 100 malls by 2030, even as construction delays, higher operating costs, and cautious consumer spending test the retail-property sector.

Inflation pushes Filipinos to rethink money moves

Economy 0
Elevated inflation is reshaping how Filipinos save, spend, and invest, as persistently high living costs squeeze household budgets and erode the purchasing power of money sitting idle.

Meralco advances nuclear push with SMR feasibility study, partnering global and local experts

Energy & Mining 0
The Manila Electric Co. (Meralco) and its power generation arm Meralco PowerGen Corp. (MGEN) are moving forward in their pursuit of nuclear energy, launching a comprehensive feasibility study for small modular reactors (SMRs) that could reshape the country’s power supply for both the industry and consumers.

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