International news
News from wire services and other publishers.
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Net external liabilities widen to $65.6 billion in Q2
The Philippines’ net external liability position widened in the second quarter as increased foreign borrowing by banks, businesses and the government outpaced the country’s holdings of financial assets abroad, data…
NTC to issue rules on importation, sale of refurbished mobile phones
The National Telecommunications Commission (NTC) conducted a public hearing on the proposed memorandum circular governing the importation, dealership, accreditation, labeling and sale of refurbished and used mobile…
ICTSI’s Croatia unit hits 4 million TEUs milestone
The Croatian unit of International Container Terminal Services Inc. (ICTSI) has handled four million twenty-foot equivalent units (TEUs) to date, reaching a new milestone after completing its latest upgrades.
A multi-faceted problem
When flooding happens in Metro Manila, attention turns to flood-control projects.
Architecture not gadgets
Do you know what money can buy?
Globe extends Starlink service to Japan
Telco-to-tech giant Globe Telecom Inc. is maximizing its partnership with Starlink by activating direct-to-device connectivity abroad, firstly in Japan as a roaming support.
Indian firms eye exclusive ecozone for pharma, biotech
Indian firms have expressed interest in developing an exclusive economic zone for Indian investments in the pharmaceutical and biotechnology sectors, according to the Philippine Economic Zone Authority.
FPH allots P5 billion for new share buyback program
First Philippine Holdings Corp. (FPH) of the Lopez Group is allocating P5 billion to buy back shares over two years.
SMPC cuts more jobs as coal bid uncertainty hits Acacia
Semirara Mining and Power Corp. (SMPC) is laying off nearly 1,000 more employees as uncertainty over its coal contract limits investment and forces reduced operations at its Acacia mine in Antique.
Philippines, ADB sign P48 billion loan for universal health care
The Philippines has secured a yen-denominated financing package equivalent to around P48 billion (119.745 billion yen) from Asian Development Bank (ADB) to support reforms aimed at strengthening the country’s universal…