SEIPI on US-China trade war

ELECTRONICS exporters are expecting only some negative effects from the US-China trade war, which has had very little impact on the industry so far, with most firms more concerned about the damage done by the pandemic. Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Danilo C. Lachica said he is counting on […]

ADB to set up regional hub to boost tax cooperation

THE Asian Development Bank (ADB) proposed to set up a regional hub to promote better cooperation on tax policy and administration across the region. “I would like to call for the establishment of an effective regional hub on domestic resource mobilization and international tax cooperation in Asia and the Pacific. This hub will serve as […]

PSALM lowers bid price for Malaya plant sale

THE Power Sector Assets and Liabilities Management (PSALM) Corp. said it reduced the floor price for the sale of the Malaya Thermal Power Plant and its underlying land. After two failed auctions in 2019, PSALM is trying for a third time to sell the 650-megawatt generation facility, this time for P2.19 billion, less than half […]

Nations need to invest $55T to reach emissions target

GLOBAL ECONOMIES will need to invest as much as $55 trillion through the middle of the century to meet an emissions goal and contain warming of the planet, according to a report by a group of executives from energy-intensive companies including ArcelorMittal SA, British Petroleum (BP) Plc and Royal Dutch Shell Plc. Reaching net-zero carbon […]

Red Cross warns coronavirus is driving discrimination in Asia

THE INTERNATIONAL Federation of Red Cross and Red Crescent Societies (IFRC) warned on Thursday that the novel coronavirus is driving discrimination towards vulnerable communities in Asia, including migrants and foreigners. The humanitarian agency surveyed 5,000 people in Indonesia, Malaysia, Myanmar and Pakistan and found about half blamed a specific group for spreading the coronavirus, with […]

Now would be a good time to invest in commodities, ex-Goldman CEO says

It’s probably a good time to invest in commodities now when prices are lower, according to former Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein. “From an inflation point of view, as an investor, I think investing in material sectors while they’re under-appreciated is not a bad thing now,” Mr. Blankfein said at the […]

Trump’s vaccine promises defy the lessons of pharmaceutical history

Every effort to develop a new medicine is like launching a ship across the ocean to hunt for riches. Over the years, we’ve improved the hulls and masts, the maps are better, the sailors more experienced. But even so, vessels get turned back or new lands are barren. And, sometimes, a squall takes down the […]

Republicans Are Divided Again on Stimulus, This Time by Trump

(C) Reuters. Republicans Are Divided Again on Stimulus, This Time by Trump (Bloomberg) — Less than a week after Senate Republicans united behind a slimmed-down fiscal stimulus package, President Donald Trump renewed divisions in the party over how much Covid-19 relief the U.S. economy needs. Trump urged the GOP in a tweet Wednesday to “Go […]

Globe Honored as Employer of the Year – Telecom Stevie(R) Award Winner in 2020 Stevie Awards for Great Employers

For the third consecutive year, Globe Telecom bagged the Gold Stevie Awards for Employer of the Year in Telecommunications. The company also received four other recognitions primarily for its efforts to secure the workplace and take care of its employees during the pandemic. The Stevie Awards for Great Employers recognize the world’s best employers and […]

Forget banana bread, try this dish sponge: pandemic inspires ‘illusion cakes’ in Hong Kong

Alison Chan, co-owner of Dear Harley Cake Studio, shows the banana illusion cake made with chocolate at the studio in Hong Kong, China. Image via REUTERS/Lam Yik HONG KONG — A bakery studio in Hong Kong is aiming to bounce back from its COVID-19 slump with “illusion cakes” that appear to be everyday objects until […]