Is there a mini-Cabinet reshuffling coming soon? ; We hear that there may be upcoming changes, especially in the economic team of President Marcos. ; The buzz is that Rep. Ralph Recto, a House Deputy Speaker and formerly a three-term Senator, may soon be named as new finance secretary, replacing Sec. Benjamin Diokno. ; The suspension of the Maharlika Investment Fund implementing rules will give leeway for a successor to tweak the framework.
WASHINGTON, United States —Are the US and Chinese economies on the verge of decoupling? Trade data might suggest so, as the Asian giant, Washington’s largest trading partner for a decade, has been supplanted by Mexico and is seeing its market share shrink. “Decoupling” or “derisking” vis-à-vis China are themes repeated over and over by President Joe Biden’s administration, but also by his Republican rivals, led by Donald Trump, in this general election year during which China is likely to be the main foreign policy topic. ...
In the world of family-owned enterprises, where personal relationships and business obligations are deeply intertwined
The U.S. expanded the restriction of exports of sophisticated Nvidia and Advanced Micro Devices artificial-intelligence chips beyond China to other regions including some countries in the Middle East. Nvidia said in a regulatory filing this week that the curbs, which affect its A100 and H100 chips designed to speed up machine-learning tasks, would not have an “immediate material impact” on its results. Rival AMD also received an informed letter with similar restrictions, a person familiar with the matter told Reuters, adding that the move h ...
A most enlightened piece of legislation has been proposed by former President and now Pampanga Rep. Gloria Macapagal-Arroyo, with her son Camarines Sur Rep. Diosdado Arroyo as co-sponsor. The bill amends Republic Act 8187, otherwise known as the Paternity Leave Act of 1996, and proposes that married male employees should be entitled to paternity leaves beyond the current limit of four deliveries and in all succeeding deliveries of their respective spouses. The proposal is based on very sound scientific and moral grounds. Scientifically, it has ...
NEW YORK — Wall Street slumped Thursday, despite a blowout profit report from Nvidia, following some mixed reports on the U.S. economy. ; The S&P 500 dropped 1.3 percent for its worst loss in three weeks. It nearly wiped out its gain for the week, which had been a bright spot in what’s been a rough August. ; The Dow Jones Industrial Average dropped 373 points, or 1.1 percent, and the Nasdaq composite tumbled 1.9 percent. ; Stocks sank as Treasury yields stabilized following their tumble a day earlier. High yields in the bond market have been upping the pressure because they make investors less willing to pay high prices for stocks and other risky investments. They may be set to go even higher, depending on what the head of the Federal Reserve says in a speech scheduled for Friday.
More than a year of meticulous preparations and negotiations dissipated into thin air. This is the likely sentiment of the executives, government regulators, lawyers and financial advisers who dedicated a part of their lives working on the P6.75 billion sale of the Lopez family’s Sky Cable, majority owned by ABS-CBN Corp., to telecommunications giant PLDT Inc. The parties were all waiting for the critical nod from the Philippine Competition Commission. This was finally granted last month and then the unthinkable happened: the deal imploded, w ...
Other major destinations were Germany, Canada and the United... Fifth was liquid coconut milk, earning a total of $1.2 from... than what was recorded in 2014 when there was no El Niño yet....
Phil McGraw ($64 million), business mogul Donald Trump ($63 million)... it is not good. A good product with a celebrity endorser won’t do just as much either. Remember what your marketing...
said this latest move is aligned with their plans to make the shift from being a purely broadcasting company into a multimedia business. “Our vision for the future of MBC is very clear. We want this brand to stay relevant foreve ...