Inquirer Business

• US restricts imports from 3 more Chinese firms tied to forced labor September 27, 2023
  WASHINGTON  -The United States restricted imports from three more Chinese companies on Tuesday as part of an effort to eliminate goods made with the forced labor of Uyghur minorities from the U.S. supply chain. Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd and Xinjiang Zhongtai Group Co. Ltd were added to
• China expects economy to grow by slightly more than 5% in 2023 September 27, 2023
  BEIJING  -China is expected to achieve economic growth of slightly more than 5 percent this year, an adviser to the central bank said on Wednesday. China’s economic situation is very different from that of Japan in the 1990s and there is no basis for the feared “Japanification”, Wang Yiming, a member of the Monetary Policy
• Pressure on China Evergrande intensifies; chairman under police watch September 27, 2023
  HONG KONG  -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with mounting prospects of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in the
• 2GO hubs ready for spike in holiday demand, firm’s exec says September 27, 2023
  MANILA  -2GO Group Inc., the logistics arm of the Sy family conglomerate SM Investments Corp, is readying major hubs around the country to prepare for the surge in transport demand ahead of the Christmas holidays. “As the country’s largest logistics service provider, we embrace the philosophy of readiness regardless of season,” Frederic C. DyBuncio, president
• Tacloban Airport upgrade facing ‘slight delay’ -CAAP September 27, 2023
  MANILA  -The Marcos administration is “speeding up” planned upgrades that are meant to transform the Tacloban Airport, also known as the Daniel Z. Romualdez Airport, into an international gateway amid reported delays. Improvements at the eastern Visayas hub, named after the late politician Daniel Z. Romualdez, the late uncle of President Ferdinand “Bongbong” Marcos Jr.,
• Malware attacks targeting SMEs surged in H1, says Kaspersky September 27, 2023
  MANILA  -Local small and medium enterprises (SMEs) dealt with more malware attacks during the first half of the year, signaling the need to set up a robust cyberdefense to prevent disruptions in business, according to cybersecurity firm Kaspersky. In a report on Monday, the Russian company noted that the number of malware attacks targeting SMEs
• PNOC plans to redevelop 19.2-hectare property in Batangas September 27, 2023
  MANILA  -State-owned Philippine National Oil Co. (PNOC) plans to redevelop its 19.2-hectare property in Batangas province into an offshore wind integration port to encourage developers to invest more in this renewable technology and accelerate the country’s energy transition efforts. At a Senate hearing last week, PNOC said the redevelopment of the Mabini port was part
• Gov’t rejects bids for 3-year T-bonds September 27, 2023
  MANILA  -The national government rejected all tenders for its three-year Treasury bonds as waning lenders’ appetite rendered the offer undersubscribed, following hawkish signals from the Bangko Sentral ng Pilipinas. At the auction held on Tuesday, tenders totaled at only P27.6 billion, falling short of the P30-billion offer. “With a remaining term of two years and
• Australia’s Aug inflation picks up September 27, 2023
  SYDNEY  -Australia’s inflation accelerated in August, driven by a surge in fuel prices, but the gain was in line with expectations and a measure of core inflation eased further, lessening any immediate pressure for the central bank to hike interest rates again. The Australian dollar was little changed at around 64 cents and three-year government
• India to hold top spot for economic growth, survey shows September 27, 2023
  BENGALURU  – India will be the fastest-growing major economy this fiscal year, supported by government spending ahead of May’s general election, according to a Reuters poll of economists who did say the forecast risks were skewed to the downside. While Narendra Modi’s government increased spending in the past few years to build roads, railways, and