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Vehicle sales slip in July as rains dampen demand
By Justine Irish D. Tabile, Reporter NEW VEHICLE SALES declined in July, as bad weather disrupted retail operations, a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed. The CAMPI-TMA report showed new vehicle sales fell by 2.6% to 38,295 units in July from 39,331 units in the same month a year ago.
A crypto newsletter that follows the money
Sarah Scire of The Nieman Lab profiles Molly White, whose “Citation Needed” newsletter currently has about 29,000 subscribers and about 2,400 (around 8%) pay up despite the lack of a paywall. Scire writes, “If you were looking for a single journalistic catchphrase, you could do worse than ‘follow the money.’ Investigating and documenting the flow of cash and other resources is almost always a worthwhile pursuit for someone…
Q2 foreign investment pledges slide by 64% amid tariff uncertainty
By Matthew Miguel L. Castillo, Researcher FOREIGN INVESTMENT pledges plunged by 64.4% in the second quarter as investor sentiment turned cautious amid heightened global uncertainty driven by flip-flopping US tariff policies. Preliminary data from the Philippine Statistics Authority (PSA) showed the value of foreign commitments approved by investment promotion agencies (IPAs) reached P67.38 billion in…
Chainlink’s Network Activity Soars Amidst Record Whale Transactions
Chainlink (LINK) has surged above $24 amidst increased activity and optimism seen across on-chain metrics. As the token rallied by almost 45% this week, investors now await more gains. $24 Isn’t the Ceiling In its latest tweet, crypto analytics firm Santiment reported 6,463 active LINK addresses, which marked an eight-month high. This milestone is accompanied by 4,624 whale transactions of more than…
E-wallets told to drop gambling links
By Adrian H. Halili, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday ordered all electronic wallets (e-wallets), banks and other supervised institutions to remove in-app gambling assets, including any links that direct users to gaming or gambling websites. “The BSP directive is issued in light of the surge in online gambling transactions and its impact on the financial health of consumers and their families, and…
DOJ Sides with DOT on Revoking Delta-Aeromexico Immunity
The U.S. Department of Justice has sided with the U.S. Department of Transportation's July 19 "tentative decision" to withdraw approval of the joint venture and antitrust immunity between Delta Air Lines and Aeromexico, according to an Aug. 8 government filing. DOT by statute must allow DOJ to weigh in on any change to or cancellation of airline antitrust immunity, though authority to remove immunity remains…
Citigroup eyes custody services for stablecoins and crypto ETFs amid US policy shift
Key Takeaways Citigroup is considering providing crypto custody services for stablecoins and crypto ETFs, signaling growing institutional interest. The bank aims to leverage stablecoins for faster and more efficient cross-border payments and settlements. Share this article Citigroup is exploring crypto custody services for stablecoins and the assets backing crypto exchange-traded funds…
Stocks go down on profit taking, fiscal concerns
PHILIPPINE STOCKS dropped on Thursday on profit taking after the market’s two-day climb and concerns over the country’s fiscal health. The Philippine Stock Exchange index (PSEi) fell by 0.52% or 33.24 points to close at 6,291.85, while the broader all shares index sank by 0.57% or 21.61 points to 3,743.03. “The local market declined as investors took profits following two days of rallying,” Philstocks Financial Inc.
From Kelcy Warren to the Koch Brothers: Five Leaders Who Revolutionized Energy
The global energy sector has been shaped by visionary leaders whose innovations, strategic thinking, and bold decisions fundamentally altered how the world produces, transports, and consumes energy resources. From revolutionary extraction techniques to expansive infrastructure networks, these industry pioneers didn’t simply participate in the energy business—they redefined it entirely.…
Light, smart, and surprisingly capable — Two weeks with the Xiaomi Band 10
by Jino Nicolas, BusinessWorld Source: Xiaomi Smart bands have come a long way from just counting a person’s steps. Today, they’re compact wellness companion that enable you to monitor sleep quality, workouts, and even stress levels, all while staying light and easy on the eyes. I’ve worn quite a few over the years, from the earliest of smart bands, to the modern, feature-packed smart watches,…
