Author Archives: Mark Colin Escanilla Abliter

Singtel plans to sell stake of 70% in Australian assets in towers and work with regional partners

Singtel has recently agreed conditionally to buy a stake of 70 per cent in Australia Tower Network. The Business Times of Singapore has recently reported that Singapore Telecommunications (Singtel) on Friday conditionally agreed to sell a stake of 70 per cent for cash worth AUD 1.9 billion or SGD 1.46 billion in Australia Tower Network…

NEDA Cites Recovery of Philippine Economy in Recent Months

Philippine Socioeconomic Planning Secretary Karl Kendrick Chua has said that the Philippine economy has been starting to recover from the outbreak of COVID-19 in the recent months. Image courtesy of the Philippine News Agency The National Economic and Development Authority or NEDA has recently released data on Thursday that cited the increasing recovery of the…

Dollar Tree opts to sell some of its items for more than USD 1

Dollar Tree has recently decided to sell some of its items for more than USD 1. Image courtesy of Daniel Acker, Getty Images, Bloomberg, and NBC News NBC News has recently reported that Dollar Tree will temporarily stray from selling items for USD 1 in decades by selling some of them for more than USD…

Ongoing outbreak of COVID-19 leaves about 800,000 Filipino workers jobless in August

Data from the economic team of Philippine president Rodrigo Roa Duterte has shown that approximately 800,000 Filipino workers lost their jobs in August. Image courtesy of Rappler BusinessMirror has recently reported that August has seen about 800,000 Filipino workers lose jobs.  The economic team of Philippine president Rodrigo Roa Duterte remarked, “This result is expected,…

Head of InLife praises digitization for sustaining Philippine sector of insurance amid outbreak of COVID-19

Raoul Littaua, president and chief executive officer of Insular Life, has stressed the importance of digital innovation as vital to sustaining Philippine providers of insurance on life. Image courtesy of Insular Life and the Philippine News Agency Philippine businesses have used digital technology to survive the outbreak of COVID-19 as they note how the Philippine…

Group of Philippine retailers urge for value-added tax on digital transactions

An association of Philippine retailers have been urging the government to levy a value-added tax on digital transactions in the country. Image courtesy of Michael Varcas, the Philippine Star, and BusinessWorld BusinessWorld has recently reported that Philippine retailers have been urging the government to pass a bill that would impose a value-added tax or VAT…

Investors in the United States see stable stock futures while bond yields rise

Image courtesy of CNBC The futures on stocks in the United States were flat as investors keep track of the rising yields on bonds. CNBC has recently reported that futures on stocks in the United States stabilized in trading overnight on Monday as yields on bonds rose, which pressured pockets of growth in companies such…

Australian antitrust regulator points out harmful effect of Google’s dominance to businesses

Image courtesy of Thomas Peter and Reuters The Australian antitrust regulator has urged the Australian government to control the dominance of Google in the Australian online advertising market. Reuters has recently released a report from Tuesday by the Australian Competition and Consumer Commission or ACCC that points out to the near-monopoly of Google in the…

Agricultural lobbying head blames high prices of Philippine rice to importation

Image courtesy of Manila Bulletin The head of an agricultural lobbying group has remarked that the increasing importation of rice has failed to lower down the price of Philippine rice. The Manila Bulletin has recently reported an observation by agricultural lobbying group Samahang Industriya ng Agrikultura or SINAG that increasing importation of rice could not…

BSP and PPM to help payers transition to digital payments

Image courtesy of ABS-CBN News The Bangko Sentral ng Pilipinas and the Philippine Payments Management have been working to together to introduce digital payments. The Philippine Daily Inquirer has recently reported that the Bangko Sentral ng Pilipinas or BSP and the Philippine Payments Management or PPM will launch programs to help users switch to digital…

Asian markets both optimistic and fearful over crisis on debt of Evergrande

Markets in Asia have been feeling a mixture of optimism and worry over the recent crisis on the debt of Evergrande in the People’s Republic of China. The Business Times of Singapore has recently released a report from Agence France-Presse that Asian markets wavered on Friday as investors observe the crisis on the debt of…

British companies call for phaseout of gas by 2035

Thirteen companies in the United Kingdom have written a letter to petition the British government to end the dependence on gas by 2035. Sky News UK has recently reported that 13 British companies such as BT, Thames Water, and the Co-op have petitioned their ministers to stop depending on gas by 2035, in a week…

Canadian Ranchers Ponder On Culling Their Cows Due To Drought On The Prairies

Image courtesy of Patrick Foucault, Radio-Canada, and CBC News The recent drought and shortage of cows in the Canadian prairies have forced ranchers there is decide how many of them it will keep. CBC News has recently reported that many ranchers in the Canadian Prairies have been struggling due to the shortages of feeds for…

Centuria Seeks To Raise AUD 325 Million For Eight Acquisitions

Image courtesy of Business News Australia Centuria Industrial REIT has been planning to buy eight freehold assets for AUD 351,300,000. Business News Australia has recently reported that Centuria Industrial REIT or CIP has agreed to acquire eight assets on freehold for AUD 351.3 million, with a prospective capital raise that will help investors buy shares…

COVID-19 places some 20 per cent of Nigerian workers out of jobs

A recent report discovered that the some Nigerian businesses have been thriving despite the outbreak of COVID-19 there. Image courtesy of Seun Sanni, Reuters, and Al-Jazeera Al-Jazeera has recently reported a new report from the United Nations Development Programme and the National Bureau of Statistics of Nigeria on Tuesday that grimly assessed how the outbreak…

Main unit of Evergrande to pay for coupons onshore on September 23

The main unit of Evergrande Real Estate Group has recently pledged to pay for interest in bonds on September 23 in its effort to relieve the global market. Image courtesy of Fox Business Fox Business has recently reported that the main unit of the Evergrande Real Estate Group from the People’s Republic of China or…

Indian branch of KPMG fires partner after involvement in illegal trade of shares in Magma Fincorp

The Indian branch of KPMG dismissed partner Saumil Shah after an investigation by the Securities and Exchange Board of India disclosed his involvement in the illegal trade of shares of the former Magma Fincorp. Image courtesy of the Times of India The Times of India has recently reported that the investigation by the Securities and…

Philippine presidential advisor wants increase of hygienic and dining services for last quarter of 2021

Philippine presidential advisor for entrepreneurship Joey Concepcion has recently urged increasing the capacity of hygienic and dining services for those with full vaccinations up to 50 per cent. Image courtesy of GMA Network GMA Network has recently reported that Philippine presidential advisor for entrepreneurship Joey Concepcion on Sunday urged the government to let hygienic and…