July 1, 2022
Environment protection spending dips by 4.6% in 2021 — PSA
Expenditures for environmental protection declined by 4.6% year on year in 2021, data from the Philippine Statistics Authority (PSA) showed. The statistics agency’s Compendium of Philippine Environment Statistics (CPES) Component 6 showed annual government environmental protection expenditures went down to P25.4 billion last year from P26.6 billion in 2020. The CPES, an adoption of the […]
July 1, 2022
BT staff vote for first national strike in 35 years
BT staff have voted for their first national strike in 35 years, which is expected to affect customers across the country having broadband services installed or getting faults fixed. The strike by BT engineers and call centre staff represents the vast majority of its 58,000-strong frontline workforce, and the trade union organising the ballot has […]
July 1, 2022
Extra 2m workers pay higher-rate tax under Boris Johnson
More than two million people have become higher-rate taxpayers under Boris Johnson’s government, fuelling a backlash from Tory MPs. Figures released by HM Revenue & Customs yesterday showed that 6.1 million people — equivalent to one in six adults — now pay at the 40 per cent rate, up from 4.2 million in 2019. They […]
July 1, 2022
No 10 plans VAT cut to ease pain of rising prices
A cut in VAT has been proposed by No 10 to curb inflation and help households with the cost of living crisis. Steve Barclay, the prime minister’s chief of staff, suggested reducing the 20 per cent headline rate of the tax, proposing that a temporary cut would reduce the tax bill for millions and ease inflation, […]
July 1, 2022
In Hong Kong, Xi says ‘one country, two systems’ is here to stay
LOK YIU CHEUNG-UNSPLASH HONG KONG — There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday. Britain returned Hong Kong to Chinese rule on July […]
July 1, 2022
Indonesia leader targets food crisis during Russia-Ukraine peace mission
REUTERS Indonesia’s president ended a trip to Ukraine and Russia saying he hoped for progress reintegrating global food and fertilizer supply lines disrupted by the conflict, and offered to be a diplomatic bridge between the two nations. President Joko Widodo, who is the Group of 20 (G20) president this year, was speaking at a news […]
July 1, 2022
Asia’s factories feeble despite China bounce, feeds global recession fears
REUTERS TOKYO — Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict coronavirus disease 2019 (COVID-19) lockdowns, while sharp economic slowdown risks in Europe and the United States reinforced fears of a global recession. A string of surveys on Friday showed China’s factory activity bouncing solidly […]
July 1, 2022
EU says it may not be possible to cross finish line on Iran nuclear deal
Image via Rikard Fröberg/Flickr/CC BY 2.0 UNITED NATIONS — Senior Western officials voiced doubts about reviving the 2015 Iran nuclear deal on Thursday, with the European Union (EU) saying it “might not make it over the finishing line” and a US official saying the odds had lengthened after this week’s failed talks. The UN Security […]
July 1, 2022
Meta slashes hiring plans, girds for ‘fierce’ headwinds
DESIGN.FACEBOOK.COM Facebook-owner Meta Platforms Inc. has cut plans to hire engineers by at least 30% this year, Chief Executive Officer Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve […]
July 1, 2022
GCash lone PHL representative in exclusive UK-APAC tech dialogue at London Tech Week 2022
GCash President and CEO Martha Sazon is one of the speakers at a panel discussion in the London Tech Week called ‘Fintech in APAC – Opportunities beyond the obvious.’ Popular e-wallet super app GCash represented the Philippines in an intimate roundtable discussion among Asia-Pacific tech representatives and top UK officials at 10 Downing Street, the […]
July 1, 2022
GCash lone PH representative in exclusive UK-APAC tech dialogue at London Tech Week 2022
GCash President and CEO Martha Sazon is one of the speakers at a panel discussion in the London Tech Week called ‘Fintech in APAC – Opportunities beyond the obvious.’ Popular e-wallet super app GCash represented the Philippines in an intimate roundtable discussion among Asia-Pacific tech representatives and top UK officials at 10 Downing Street, the […]
June 30, 2022
BSP may consider bigger rate hikes
THE Philippine central bank would consider bigger key rate increases to support the peso and amid faster inflation, according to its new chief. “The key really is what’s the momentum of inflation,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla told reporters on Wednesday night. Still, he expects consumer spending to boost economic growth […]