MANILA, Philippines – Yields on short-dated government debts went up during Monday’s sale of Treasury bills (T-bills) as investors await the inflation data and the central bank’s next policy decision this week. Auction results showed the Bureau of the Treasury was able to raise its target amount of P22 billion via T-bills. READ: Sept. inflation
Category: economy
China adds 295,000 industrial robots to tackle demographic challenges
China’s manufacturing industry has defied concerns over its shrinking population by adding 295, 000 new industrial robots in 2024.
This start-up offers premium phones on subscription in India
A new subscription-based smartphone service has been launched in India by BytePe, a company founded by former Flipkart executive Jayant Jha.
Banking luminary Xavier ‘XP’ Loinaz; 82
When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due
Palestinian official ‘reveals’ Cairo discussions about post-war cooperation
Multiple Palestinian factions, including Hamas and the Palestinian Liberation Organization, recently met in Egypt to discuss cooperation.
Maynilad secures UK support for IPO
MANILA, Philippines – Maynilad Water Services Inc. has secured the support of the United Kingdom for its upcoming stock market debut, signaling strong demand for what would be the country’s largest—and last—initial public offering (IPO) this year. In its preliminary prospectus dated Oct. 3, Maynilad said it now had a cornerstone investment agreement with the
Flipkart to divest stake in Aditya Birla Fashion for $112M
Flipkart Investments Private Limited, the investment arm of Walmart-owned e-commerce giant Flipkart, is planning to sell up to 6% of its stake in Aditya Birla Fashion and Retail Ltd.
UK Lifts Crypto Ban, Opening Regulated Market Access for Retail Investors
On October 2, the UK Financial Conduct Authority removed its retail investor ban on crypto exchange-traded products. The last time since 2021, UK consumers can access regulated Bitcoin and Ethereum-connected products. But the delays in the regulatory approvals imply that investors will have to wait longer to start trading. On September 25, the day before […]
PSE to gamify stock trading for Filipino students
MANILA, Philippines – What’s the best way to demystify the stock market for the next generation of Filipinos? Maybe gamification is the way to go. The Philippine Stock Exchange (PSE) will launch next year a stock trading game for college students, aiming to jumpstart investor interest in schools and encourage participation in the local bourse.
Peloton Launches ‘Pro Series’ Commercial Fitness Line, Including First Commercial Treadmill
Peloton Interactive Inc. (NASDAQ:PTON) is one of the best stocks to buy under $20. On October 1, Peloton announced the launch of the Peloton Pro Series, which is a new suite of commercial-ready equipment designed for vertical market fitness center environments such as hotels and resorts, multi-family residential buildings, corporate wellness centers, and country clubs. […]