MANILA Philippines — Oil companies start implementing a big time increase in petroleum products today, March 15. For the details of the corresponding price increase, please watch the video. (Eagle News Service) https://youtu.be/hDw7QeRgsi4
Business
Bangladesh issues statement regarding the anti-money laundering issue
THE ministry of finance of Bangladesh will issue a statement involving unknown hackers who breached their central bank systems and managed to get 81 million US dollars. The Bangladesh central bank confirmed that the cyber criminals withdraw a $1 billion in US bank account and transfer a total of about 81 million US dollars in the Philippine bank last February 4 and 5. (Eagle News Service)
#businessbytes: The Advertising Industry “Comes out to play” at #adsummit2016
By Robert T. Capistrano (SUBIC Bay, Zambales) Ad Summit Pilipinas 2016 gathers the biggest local and international advertising and media players to “Come out and play” at the Subic Bay Convention Center from March 9-12, 2016. The “Come out and play” theme challenges the advertising and media industries to allow ‘play’ into their lives to spark creativity and open possibilities, which is critical in these industries. The four-day event updates industry executives and practitioners […]
Manufacturing sector marks strong growth in January 2016
MANILA, March 11 — Growth in the manufacturing sector started strong in 2016 as production of chemical products and food manufactures expanded in January, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for January 2016, the Volume of Production Index (VoPI) grew by 34.3 percent, nearly seven times more than its growth rate of 5.0 percent in December 2015. Moreover, the Value of […]
Asian markets mostly down as ECB head causes jitters
HONG KONG, China (AFP) — Asian markets mostly fell early Friday after the head of the European Central Bank suggested its latest rate cut could be its last, stoking fears over the limitations of finance chiefs to drag the global economy out of its torpor. The ECB on Thursday announced a cut in its deposit rate further into negative territory as part of a series of stimulus measures that also included a ramping up of its huge […]
Oil prices dip after rally but supply worries persist
SINGAPORE, Singapore (AFP) — Oil prices held most of the previous day’s strong gains Thursday, but while a dive in US gasoline stockpiles fueled hopes for a pick-up in demand, traders remain on edge over the long-running supply glut. Both main contracts soared on Wednesday, with US benchmark West Texas Intermediate hitting a more than three-month high and Brent breaking $41 after the US energy department report. The figures showed gasoline inventories plunged three times […]
Emerging currencies drop against dollar over China worries
The dollar rallied against emerging market currencies on Wednesday as dealers moved into safer investments as persistent worries of a slowdown in China rekindled fears for the global economy. After a string of gains in recent weeks, confidence took a hit on Tuesday when China said exports from the world’s second-largest economy plunged by the most since the global financial crisis. The figures rejuvenated fears about a “hard landing”, sending traders into the Japanese yen […]
ADEC Innovations Foundation Partners with AIM for Leadership and Governance Research in PPP
THE ADEC Innovations Foundation has partnered with the Asian Institute of Management (AIM) Scientific Research Foundation, Inc. to further advance the development of public-private partnerships (PPP) standards for the global health sector by examining and analyzing PPP issues in the Philippines. The two organizations formalized their partnership with a Memorandum of Understanding (MOU) for the “Leadership and Governance Research in PPP” signed at the Asian Institute of Management by ADEC Innovations Foundation Chairman James M. […]
Mobile disruption brings a whole new digital ecosystem of story-telling
By Caesar Vallejos Eagle News online correspondent BARCELONA, Spain (Eagle News) — The way the world communicates right now is through mobile. “If my wife is sending me pictures of my children and my dog as as I speak right now, I am doing selfies with my panel which is a way for me to say, ‘this is not a good time to call.’ I do this because this is the way the world lives right […]
Part of $100 mn hacked from Bangladesh Bank recovered: statement
DHAKA, Bangladesh (AFP) — Bangladesh’s central bank said Monday that part of almost $100 million allegedly stolen from a reserve account in the United States last month has been recovered. Suspected Chinese hackers stole the money from the foreign exchange account in the Federal Reserve Bank of New York on February 5, according to a central bank official and media reports. Some of the money was then illegally transferred online to the Philippines and Sri […]
Mobile is changing the future of TV, broadcast and film
By Caesar Vallejos Eagle News Service online correspondent (Eagle News) — The role of mobile networks is changing the future of TV, Broadcast and Film. This is the collective position of a distinguished set of experts from CNN, Verizon, Sky and Viacom at the track on “Mobile First: The Future of TV, Broadcast and Film” at the recently concluded Mobile World Congress in Barcelona, Spain. The session explored the implications of mobile networks in […]
China’s migrant workers and youths struggle to find jobs as economy slows
BEIJING, CHINA (Reuters) — China’s economy grew 6.9 percent last year, the slowest in more than two decades. While declaring that pace of growth was hardly shabby, the government admits China’s investment-fed model of growth has reached its boundaries, and a more sustainable path of development is needed, and industrial overcapacity and high debt levels will have to be slashed. As China restructures its inefficient state sector and shuts debt-laden “zombie” firms in bloated sectors, […]
