Economy

Here’s a quick glance at how PSEi stocks fared on Wednesday, August 24, 2022.

THE DISRUPTION of schooling due to the coronavirus disease 2019 (COVID-19) pandemic inflicted lifetime earning losses in developing Asia, most particularly for those in lower income brackets, the Asian Development Bank (ADB) reported. Read the full story. Neil

1 of 13 Newport World Resorts celebrates National Burger Day IT’S NATIONAL Burger Day on Aug. 25 and Newport World Resorts’ signature restaurants are grilling up hefty and juicy offers. There is the Buenas Burger of Casa Buenas at the…

TWITTER, INC. misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Mr. Zatko, a famed hacker widely known as “Mudge,”…

FEDERAL RESERVE Bank of Minneapolis President Neel Kashkari said US inflation is very high and the central bank must act to bring it back under control. “By many, many measures we are at maximum employment and we are at very…

MGen Renewable Energy, Inc. (MGreen) said on Wednesday that its 68-megawatt-alternating current (MWac) solar plant project with Vena Energy is set to complete energization by the end of 2022. “We are looking forward to commencing its operations soon and witnessing…

1 of 2 WITH a new partnership comes a new look, but the taste remains the same for Yoshinoya in the Philippines. The Jollibee Group recently formed a joint venture with Yoshinoya International Philippines, Inc. to establish Yoshinoya Jollibee Foods,…

SINGAPORE —  A team of college students from Malaysia was awarded as the winner of the first-ever ASEAN Finals of Tata Consultancy Services’ (TCS) Sustainathon held over the weekend in Singapore. Team The Cuties from Malaysia made up of five…

BANGKOK — Thailand’s central bank will raise interest rates gradually and in a measured manner to ensure economic recovery as it fights high inflation, its governor said on Wednesday. Keeping inflation under control in Southeast Asia’s second-largest economy is key…

PROPERTY developer Robinsons Land Corp. (RLC) received the highest credit rating, PRS Aaa, from Philippine Rating Services Corp. (PhilRatings) for its proposed P15-billion bond issuance. “Philratings’ assignment of the highest issuer rating is a recognition of Robinsons Land’s strong fundamentals…