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World Bank raises 2025 growth forecast for China
The World Bank announced Thursday that it has raised its forecast for China’s economic growth to 4.9 percent for this year. The upgrade reflects supportive fiscal and monetary policies that have bolstered domestic consumption and investment, as well as steady…
US Federal Reserve reduces rates by 25 basis points
The US Federal Reserve cut its benchmark federal funds rate by 25 basis points on Wednesday to a target range of 3.5 to 3.75 percent, its third and final rate…
Study emphasizes need for shared responsibility for cloud infra
As to who is primarily responsible for cloud security can create risks for entities, amid cloud computing now driving the Philippines’ digital transformation, powering smarter banking, faster government services, and…
Palace working with BSP, economic team to address weak peso
Malacañang on Wednesday said it is closely coordinating with the Bangko Sentral ng Pilipinas (BSP) and the country’s economic team to address the peso’s continued depreciation, after the local currency…
High net worth individuals in Asia shifting to digital assets
Asian private wealth has decisively shifted into digital assets with traditional wealth managers expected to follow the trend, according to the by a report on high-net worth individuals (HNWIs) in…
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