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Share to Twitter Share to Linkedin Week in Review Asian equities saw another week of turbulent trading, with growth stocks seeing the brunt of the selling pressure on increasing concerns about global growth and monetary policy. Trip.com and other travel-related stocks rallied early in the week as Hong Kong and Macau scrapped quarantine requirements for visitors. Mainland China is expected to follow suit by shortening the duration of requisite visitor quarantines. The National Health Commission on Tuesday announced that it would provide loans to hospitals for medical equipment upgrades, sending many health care stocks higher. The US dollar’s rise appears to be peaking though the People’s Bank of China (PBOC) continues to make it more difficult to short the Yuan, protecting the currency’s value against the dollar. Key News Asian equities closed lower following yesterday’s US equity market meltdown except for India, after the Reserve Bank of … [Read more...] about PMIs & Real Estate In Focus, Week In Review

- A + A SINGAPORE (Sept 30): Buyout firms and asset managers are moving in on billions of dollars of infrastructure assets across Southeast Asia, lured by the sector's growth prospects and stable, long-term returns, bankers and analysts say. Merger and acquisition deal volume is up in the sector so far this year, data shows, and a healthy pipeline of deals could make Southeast Asia a rare bright spot for global funds, as they grapple with rising finance costs and slumping markets. The industry is also flush with potentially available assets, after a boom in infrastructure development fed by rapid economic growth. Telecom operators including PLDT in the Philippines and Indonesian carriers, grappling with tight margins and burdensome debt, have done sale and lease back transactions for thousands of cell phone towers. "Southeast Asia is a highly sought-after market, given the compelling growth outlook for infrastructure assets," said Ee-Ching Tay, head of investment … [Read more...] about Global funds find promise in Southeast Asia infrastructure deals

Jessy Mendiola. Image: screengrab from YouTube/Jessy Mendiola Jessy Mendiola revealed she contracted and has since recovered from COVID-19 while five months pregnant with her child with TV host Luis Manzano. The actress documented her experience while in self-isolation at home via her YouTube vlog yesterday, Sept. 15. Some of the symptoms that Mendiola experienced included mild sore throat, colds, headaches, fever and dry cough. “Magti-three years na ‘yung [COVID-19], ngayon lang ako nag-positive. Actually, naiyak ako kay How How (Manzano) nu’ng nalaman kong positive ako kasi siyempre si Peanut talaga ‘yung iniisip ko,” she admitted, referring to her baby. (COVID-19 has been around for almost three years, now is the only time I tested positive for it. Actually, I cried to How How when I found out I was positive because I was definitely thinking of [my baby] Peanut.) Mendiola then stressed the importance of COVID-19 vaccines and boosters, noting that her symptoms were less … [Read more...] about Jessy Mendiola reveals she tested positive for COVID-19 while pregnant