MATHIEU STERN-UNSPLASHBenjamin Diokno, Bangko Sentral ng Pilipinas governor, told ANC three weeks ago that the next administration will be inheriting a much better economy than what the Duterte administration inherited. It will also be a recipient of a sound tax system and many structural reforms in the areas of retail trade, foreign investment, and public service.While a healthy economy and ...

CALEB LUMINGKIT-UNSPLASHTHE ASIA-PACIFIC REGION is at a crossroads today — to further breakdown or breakthrough to a greener, better, safer future.Since the Economic and Social Commission for Asia and the Pacific (ESCAP) was established in 1947, the region has made extraordinary progress, emerging as a pacesetter of global economic growth that has lifted millions out of poverty.Yet, as ESCAP celebrates ...

This piece will cover three different topics so we will discuss them directly.HIGH INFLATION AND ANEMIC GROWTHStagflation — a combination of economic stagnation plus high inflation — is becoming more real than fictional for many countries. There should be a strong recovery after the global lockdowns and mobility restrictions of 2020-2021, but the Ukraine war and economic sanctions against Russia ...

LUIS VILLASMIL-UNSPLASHWe posit that the offense sought to be punished under Section 165 of the Revised Corporation Code (RCC), i.e., “conducting its business through fraud,” does not provide a definition or the requisites by which to determine whether a crime has been committed. For example, it is not clear whether Section 165 covers only the general manner by which the ...

Greeting card giant Moonpig has announced the proposed acquisition of Buyagift, the gift experiences platform, for £124m. The acquisition accelerates Moonpig’s strategy of becoming a leader in the gifting market, and gives them entry into the £6bn experiences segment. Buyagift is the UK’s leading gift experiences platform with the number one and number three brands in the sector, Buyagift and ...

The prices of parcels and stamps are likely to rise again as Royal Mail tries to cover higher costs, including wages, energy and fuel expenses. The firm said it would try to “mitigate” the costs through “price increases and growth initiatives”. Earlier this year, the firm hiked first class stamp prices by 10p to 95p and second class stamps by ...

TOKYO — US President Joseph R. Biden said on Monday he would be willing to use force to defend Taiwan, rallying support on his first trip to Asia since taking office for US opposition to China’s growing assertiveness across the region.Mr. Biden’s comments appeared to be a departure from existing US policy of so-called strategic ambiguity on its position on ...

REUTERSTHE INTERNATIONAL Monetary Fund (IMF) warned against global economic fragmentation as a consequence of Russia’s invasion of Ukraine, saying that undoing decades of integration will make the world poorer and more dangerous.Nations should lower trade barriers to alleviate shortages and lower prices, after more than 30 countries restricted trade in food, energy and other key commodities, IMF Managing Director Kristalina ...

TOWFIQU BARBHUIYA-UNSPLASHCOLOMBO — A shortage of medicine caused by an economic crisis in Sri Lanka could soon cause deaths, doctors said, as hospitals are forced to postpone life-saving procedures for their patients because they do not have the necessary drugs.Sri Lanka imports more than 80% of its medical supplies but with foreign currency reserves running out because of the crisis, ...

A general view shows Beijing’s skyline on a sunny day, China Jan. 10, 2017. — REUTERSBEIJING/SHANGHAI — Beijing authorities extended work-from-home guidance for many of its 22 million residents to stem a persistent coronavirus disease 2019 (COVID-19) outbreak, while Shanghai deployed more testing and curbs to hold on to its hard-won ‘zero COVID’ status after two months of lockdown.On Monday, ...