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By Daphne Rousseau Agence France Presse BERLIN, Germany (AFP) — From raising $30 million in 30 seconds to being endorsed by Paris Hilton or vanishing into thin air: anything is possible in the risky new world of cryptocurrency fundraising, but regulators are lurking. Bypassing oversight of any kind, Initial Coin Offerings (ICOs) have sprung from nowhere to become a hugely popular way for start-ups to raise funds online, offering self-created digital “tokens” or coins […]
HELSINKI, Finland (AFP) — Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost 800,000 euros. Rovio posted a profit of 3.9 million euros […]
MEXICO CITY, Mexico (AFP) — Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to develop at their current rates, said Shell executive Istvan Kapitany. The money is earmarked for “expanding and improving the retail network, improving fuel logistics infrastructure and […]
(Eagle News) — President Rodrigo Duterte on Friday reiterated his administration’s commitment to ensure that private companies can do business with ease in the country. Duterte did this as he led the launch of Azuela Cove–a 25-hectare property which Ayala Land Inc. and the Alcantara Group of Companies plan to develop into Davao’s prime waterside business and residential district. “I assure you, the government has taken measures to ensure you can do business with ease […]
BRUSSELS, Belgium (AFP) — A push by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in Europe’s key industries faced a setback on Thursday from European Union partners who fear a rise of protectionism. European leaders will discuss the thorny topic of international trade on the second day of an EU summit on Friday, as Europe seeks to champion free trade against the protectionist policies of United States President Donald Trump. […]
ARGENTINA (Reuters) – Argentina’s national government and the governors of 20 provinces signed a mining deal on Tuesday (June 13) to harmonize taxes and regulations in hopes of attracting investment, but the action was criticized by industry sources and environmentalists alike. The agreement, which needs approval from Congress and the 20 provincial legislatures, sets a 3 percent ceiling on royalties mining companies pay to provinces. Latin America’s third-largest economy has fallen behind Chile and Peru […]
Japanese Prime Minister Shinzo Abe has reiterated his commitment to cooperate with Indonesia on counter-terrorism efforts, said Indonesian Vice President Jusuf Kalla. Kalla, who met with Abe, said part of the commitment was the exchange of notes on the face and motion detection system signed by Japan with Indonesia at the end of May. Aside from counter-terrorism, the Indonesian vice-president and the Japanese prime minister discussed the acceleration of Japan investment in Indonesia, particularly in the Jakarta-Surabaya […]
MANILA, Jan. 6 – The government of Singapore has expressed interest in further increasing its investments in the Philippines, as well as adding more flights to Manila in anticipation of increased demand in air travel between the two countries. In a recent meeting with Finance Secretary Carlos Dominguez III, Singaporean Ambassador to Manila Kok Li Peng said Singapore’s private sector would like to explore new growth opportunities in the Philippines, particularly in the retail, transportation, […]
BRUSSELS – “Launching negotiations with the Philippines will represent an important milestone in the EU-Philippine relations and a further evidence of the EU’s commitment to Southeast Asia.” EU Trade Commissioner Cecilia Malmström and Philippine Secretary of Trade and Industry Gregory Domingo today agreed to start negotiations for an EU-Philippines free trade agreement (FTA). Both sides share the ambition to conclude an agreement that covers a broad range of issues, including elimination of customs duties and other barriers to trade, […]
SOCCSKSARGEN, Mindanao (October 2) – The Department of Agriculture in Region XII plans to increase investments in the coffee industry of the said region in 2016. This is to maintain the status of the said region as the leader and primary coffee producer in the Philippines. (ENS, uploaded by Jay Paul Carlos and Jericho Morales)
After a two week working visit in Europe and US, President Aquino returned to the Philippines with 2 billion dollars worth of investment.
