Getaway near metro manila

- A + A (May 16): The rupiah risks weakening to its lowest level in almost two years as Indonesia’s ban on palm oil exports adds to headwinds from interest rate hikes in the US. The currency fell to a one-year low last week, despite an assurance from the central bank that it would stabilize the currency. Technical support at its April 2021 low is now in danger and a breach of this level would pave the way for a decline to its September 2020 low. Investors are watching for further export restrictions and rising demand for the dollar, said Divya Devesh, head of Asean and South-Asia FX research at Standard Chartered Bank in Singapore. He sees the rupiah depreciating to 14,800 to the greenback by the end of June, from 14,613 on Friday. Palm oil accounted for 1.5% of Indonesia’s gross domestic product in 2021 and the prohibition on shipments could cut US$2 billion from the nation’s exports for each month it stays in place, according to estimates from Goldman Sachs … [Read more...] about Rupiah nears breach of support with palm oil ban hurting trade

Share to Twitter Share to Linkedin Topline North Korea reported 15 new Covid-19 deaths along with hundreds of thousands of new patients with “fevers,” as the country pledges to mobilize millions of health and other workers to fight its first officially acknowledged coronavirus outbreak. Key Facts According to the state-run Korean Central News Agency (KCNA), the country reported 296,180 new infections on Sunday, pushing the country’s official case count to 820,620. The staggering surge in new cases has come after North Korea reported its first-ever Covid-19 outbreak on Thursday. Since the start of the current outbreak, North Korea has reported 42 fatalities linked to the coronavirus. The speed of the outbreak has raised concerns of a humanitarian catastrophe in the country as most of its residents are believed to be unvaccinated and its public health system is reportedly in a poor state. To help tackle the outbreak, all … [Read more...] about Covid Rips Through North Korea As 15 More Deaths And Nearly 300,000 New Cases Reported

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

Share to Twitter Share to Linkedin Despite growing up in a country full of beautiful palaces and pousadas, the owner of the new WHITE boutique hotel took his inspiration from the other edge of Europe. João Reis so loved a particular hotel in Santorini that, he says, “I’d rather spend four nights there, in a 65-square-meter room [about 700 square feet], than two weeks at a regular big resort.” So when he set about opening his second hotel, on a seaside clifftop on São Miguel island in the Azores (after the popular Santa Barbara on the opposite coast), he choose whitewash and driftwood over tiles and terra-cotta. “It’s white so there will be no colors to distract you” from the jaw-dropping views of green hills and blue ocean. The swimming pool Paulo Goulart Integration with nature is the goal, and it’s achieved with rough volcanic stone, rope, metal, cotton, plants and the occasional living wall—as well as big windows, a wide terrace and a … [Read more...] about Your Next Romantic Getaway: WHITE Exclusive Suites & Villas in the Azores, Portugal

Divya Karyza (The Jakarta Post) PREMIUM Jakarta   ● Tue, May 17 2022 Indonesian cattle farmers are worried about the threat to their business amid the recent outbreaks of foot-and-mouth (FMD) disease. The Indonesian Cattle and Buffalo Breeders Association (PPSKI) told The Jakarta Post on Thursday that farmers stood to lose Rp 10 million (US$682) for each animal put down after infection with the virus. PPSKI chairman Nanang Purus also estimated the damage due to cattle weight loss caused by the disease at Rp 2 million per head. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed? login Or let Google manage your subscription … [Read more...] about Farmers fear FMD threat on meat output as Day of Sacrifice draws near

Share to Twitter Share to Linkedin Topline Covid-19 cases in Shanghai continued to decline, prompting authorities on Monday to announce plans for a phased reopening of the city after it endured six weeks of stringent lockdowns that left a bruising impact on China’s economy. Key Facts According to China’s National Health Commission, Shanghai reported a total of 938 new cases—all inside areas with the most stringent quarantine restrictions—and four deaths. The city’s vice mayor Zong Ming said 15 out of Shanghai’s 16 districts have achieved “zero Covid” status, which implies three days of no new cases among people who are not already under quarantine within a district. For the first time since the initial lockdown, authorities on Monday offered a clear timetable for Shanghai’s reopening which would take place in phases, with restrictions on movement staying in place till May 21. As long as cases don’t rebound, something Zong said … [Read more...] about Shanghai’s Strict 6-Week Lockdown Nears End As Covid Outbreak Eases

Editor's note: Below you'll find the week 87 release of the NYC Recovery Index, originally published May 3, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index declined in the week ending April 23, 2022, falling just over a point to close at 74 out of 100, with all major components of the index recording a weekly decline. COVID-19 hospitalization rates continued to rise, along with an uptick in unemployment insurance claims. Home sales, rental vacancies, subway ridership, and restaurant reservations all declined compared to the week of April 16. On a positive note, home sales and UI claims remain fully recovered, with pending home sales still considerably above pre-pandemic levels. New York City’s economic recovery stands at a score of 74 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is just … [Read more...] about The New York City Recovery Index: May 2

- A + A PARIS/MANILA (May 16): International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. US and European wheat futures climbed by nearly 6%, with the Chicago market — the global benchmark — earlier reaching its daily trading limit and Paris prices approaching all-time highs. By end of its overnight trading session, Chicago futures were up 4.9%, off an earlier two-month peak. Wheat has contributed to record highs this year for global food prices as measured by the UN's food agency, with Russia's invasion of Ukraine upending the market by halting massive shipments from Ukrainian sea ports. India's embargo, prompted by a heatwave that has cut harvest prospects and sent domestic prices soaring, marks a policy U-turn after the government maintained just days earlier that it was still targeting record exports of … [Read more...] about Wheat prices jump as India export ban adds to supply squeeze

This will be a big week for the retail sector, with fresh data and earnings due. On Tuesday, the Commerce Department is likely to show retail sales were up 0.8% in April, following a 0.6% gain the month before. The data comes after the University of Michigan’s Consumer Sentiment Index slumped to its lowest level in nearly 11 years in May, as worries about inflation persist. Also on Tuesday, Walmart is expected to report a fall in first-quarter profit, hurt by higher shipping and other supply chain costs. On Wednesday, Target is similarly expected to report a fall in first-quarter earnings hurt by higher shipping, warehousing and labor costs. Comments on consumer demand and inflation will also be in focus. Home improvement chains Home Depot and Lowe’s will post their results on Tuesday and Wednesday, respectively. Analysts are projecting a decline in first-quarter revenue as higher mortgage rates and prices weigh on customers. So far this year, Walmart ( WMT ) shares are … [Read more...] about Markets to Focus on Retail Stock Earnings

Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints