Archive for November 22nd, 2020

Japan’s record COVID-19 cases stoke economic double-dip concern

22-Nov-2020 Intellasia | Bloomberg | 9:09 AM

Record COVID-19 cases in Japan and overseas are increasing the risk of the economy losing recovery momentum and even shrinking again as the spread of infections complicates [...] » More

Captain arrested after ship sinks off western Japan

22-Nov-2020 Intellasia | JapanTimes | 9:09 AM

A local office of the Japan Coast Guard said it has arrested the captain of a small vessel for negligence resulting in his ship hitting a reef and sinking in the Seto Inland [...] » More

Stocks vault to 9-month high on BSP rate easing

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

The stock index returned to positive territory yesterday, ending at its highest level in 9 months, as a surprise interest rate cut by the Bangko Sentral and growing hopes of [...] » More

1 dead, 4 hurt after Skyway steel girder collapses

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

A steel girder of the Skyway extension project which is under construction collapsed Saturday, crushing vehicles beneath the structure on the East Service Road in Muntinlupa [...] » More

COVID-19 hits 70pct of Philippines businesses hard

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

Close to 70 percent of Philippine businesses were strongly affected by the coronavirus disease 2019 (COVID-19) pandemic and more than 80 percent have seen a reduction in [...] » More

AC Energy broadens role in Ayala Group

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

AC Energy, the power unit of the Ayala Group, has broadened its role in the conglomerate following the consolidation of the energy, water, transport and logistics businesses. [...] » More

Duterte lifts deployment ban on health workers-Bello

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

President Rodrigo Duterte has ended the travel ban on health workers, his labour secretary confirmed on Saturday. Labour Secretary Silvestre Bello III told Reuters that the [...] » More

Philippines seeks to avert FATF gray listing

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

As ‘dirty money’ deals surge 57% MANILA, Philippines The Anti-Money Laundering Council (AMLC) remains confident that the Philippines will remain out of the list [...] » More

Philippines urges joint oil, gas exploration with Asean peers

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

Department of Energy (DOE) Secretary Alfonso Cusi has urged his counterparts from the Association of Southeast Asian Nations (Asean) to pursue the joint exploration and [...] » More

Local banks remain resilient amid pandemic-economist

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

The domestic banking sector is proving to be resilient in any economic condition, defying the broad-based decline across sectors amid the pandemic, an economist of the Ateneo [...] » More

Red Cross eyeing part in COVID-19 vaccine programme

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

Aside from conducting tests for coronavirus disease, the Philippine Red Cross (PRC) has started negotiating with its international counterparts to secure doses of the [...] » More

Further rate cuts expected as Philippines struggles with recovery

22-Nov-2020 Intellasia | PhilStar | 9:09 AM

The Bangko Sentral ng Pilipinas (BSP) can be expected to slash interest rates further next year as the pace of recovery remains weak, Capital Economics said. In a report, the [...] » More

Taiwan donates $200,000 to the Philippines for typhoon relief

22-Nov-2020 Intellasia | TaiwanNews | 9:09 AM

The Manila Economic and Cultural Office in Taipei (MECO) thanked Taiwan on Friday (November 20) for donating $200,000 to disaster relief efforts in the Philippines, as the [...] » More

Kingdom pushes SME promotion

22-Nov-2020 Intellasia | BangkokPost | 9:09 AM

Thailand pushed for the promotion of smaller businesses and the development of service sector workers to address new normal challenges during a virtual Asia-Pacific Economic [...] » More

Outlook improves but year-on-year gains rare

22-Nov-2020 Intellasia | BangkokPost | 9:09 AM

The SET Index moved sideways up this week in response to the quarterly bounce in reported third-quarter profits, as the resumption of business activity has been encouraging. [...] » More