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- A + A MANILA (May 19): The Philippine central bank raised interest rates for the first time since 2018 on Thursday, joining peers around world in a rush to stem intensifying inflationary pressures that could derail the domestic economy's recovery. The central bank also said the strong rebound in domestic economic activity and labour market conditions during the first quarter "provides scope for (the central bank) to continue rolling back its pandemic-induced interventions", signalling further tightening could be expected. The Bangko Sentral ng Pilipinas (BSP) lifted the overnight reverse repurchase facility rate by 25 basis points to 2.25%, as expected by the majority of 17 economists in a May 12-16 Reuters poll. The rates on the overnight deposit and lending facilities were likewise raised by 25 bps to 1.75% and 2.75%, respectively. The BSP slashed interest rates by a cumulative 200 basis points in 2020 to help revive an economy that had plunged into recession … [Read more...] about Philippines kicks off tightening cycle with first rate hike since 2018

- A + A KUALA LUMPUR (May 19): Poultry farmer TPC Plus Bhd's external auditor Crowe Malaysia PLT has expressed an unmodified audit opinion with material uncertainty regarding its ability to continue as a going concern on the group's audited financial statements for the financial year ended Dec 31, 2021 (FY21). In a bourse filing on Thursday (May 19), Crowe Malaysia drew attention to the group's net loss of RM28.45 million for FY21. It also noted that the group's current liabilities exceeded its current assets by RM29.06 million at end-December 2021. "These conditions indicate the existence of a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern," it added. In response, TPC Plus' management believes that with the existing credit facilities granted by the financial institutions, the recovery of egg selling prices as well as the subsidies of eggs to be received from the government, the group will be able to … [Read more...] about TPC Plus’ auditor flags material uncertainty over ability to continue as going concern

When you sign up for an ad-supported streaming service, the trade-off may seem straightforward: In exchange for watching commercials, you’ll pay lower prices (or perhaps nothing at all) . advertisement advertisement But by sitting through commercial breaks, you’re giving up more than just a few minutes of your time per hour. Smart TVs and streaming devices represent a treasure trove of data for marketers, who can learn a lot about you based on what you watch. By associating your streaming TV accounts with broader marketing profiles, advertisers can see if they’ve influenced your behavior on other devices and could potentially use that activity to further influence the ads on your TV. Ad tech experts say the data they get from streaming TV users is supercharging what’s already a booming business. The Interactive Advertising Bureau expects streaming TV ad spending to hit $21.2 billion this year, up from from $15.2 billion in 2021, AdWeek reports , … [Read more...] about How ad-supported streaming will be used to track you

FILE PHOTO: Interior Undersecretary Jonathan Malaya. INQUIRER FILES MANILA, Philippines — The incoming administration should continue the Duterte administration’s campaign against illegal drugs, “communist terrorism,” and criminality. This was the suggestion of Interior Undersecretary Jonathan Malaya, who expressed worry that drug addicts and pushers might return to the streets after the term of President Rodrigo Duterte. “Para po sa amin sa DILG, sana mapatuloy ‘yung war on drugs, kasi marami sa ating mga kababayan ay nababahala sa ngayon na baka [kapag] nawala na ang Pangulong Duterte sa Malacañang, magsibalikan naman ang mga drug addicts at mga drug pushers sa kanto, so we are hoping that the next incoming administration ay mapatuloy ito,” Malaya said in an interview with GMA News’ Balitanghali on Thursday. The official of the Department of Interior and Local Government (DILG) also asserted that the Duterte administration made significant “accomplishments” in combatting … [Read more...] about DILG exec: Next admin must continue ‘drug war’, fight vs terrorism, crime

Mumtaz Bibi met her brothers after 75 years at Kartarpur. (Image credit: Punjabi Sanjh TV/YouTube) Seventy-five years after she was separated from her family during violence at the time of Partition, a woman born in a Sikh family who was adopted and raised by a Muslim couple met her brothers from India at Kartarpur in Pakistan's Punjab province, according to a media report on Wednesday. At the time of Partition, Mumtaz Bibi, who was born in a Sikh family, was an infant who was lying on the body of her mother killed by a mob, the Dawn newspaper reported. A couple named Muhammad Iqbal and Allah Rakhi adopted the baby girl and raised her as their own daughter, naming her Mumtaz Bibi. After partition , Iqbal settled at Varika Tian village in Sheikhupura district of Pakistan's Punjab province. Iqbal and his wife did not tell Mumtaz that she was not their daughter. Two years ago, Iqbal's health condition suddenly turned bad and he told Mumtaz that she was not his real daughter … [Read more...] about Separated during partition, woman reunites with brothers in Kartarpur after 75 years

Two explosions set off in the Ugandan capital, Kampala, on Tuesday have killed at least three people and injured dozens of others, the Associated Press reported. “The bomb threats are still active, especially from suicide attackers,” police spokesman Fred Enanga said, the AP reported . He blamed the bombings on the Allied Democratic Forces, extremists affiliated with the Islamic State (IS). Thus far, 33 citizens have been treated at the city’s main hospitals, with five critically injured, Enanga said, the AP reported. Three suicide bombers also died in the blasts, according to police . SITE, a group that tracks the activities of extremist organizations, reported the IS affiliate had taken credit for the explosions. (RELATED: Ohio Man Pleads Guilty To Trying To Help ISIS) “The bomb threats are still active, especially from suicide attackers,” Enanga said. A potential third target was allegedly stopped by the police after a suspected suicide bomber was caught … [Read more...] about Twin Explosions Kill Civilians In Ugandan Capital, Police Blame Islamic State Affiliate