Business News
Mench Dizon, Country Head, YGG Pilipinas, delivers her opening remarks. Gaming in the Web3 era saw significant evolution since its inception from mainly driven by play-to-earn (P2E) models to a dramatic shift towards more balanced “play-and-earn” approaches that prioritize engaging gameplay with earning opportunities. The shift addresses the sustainability challenges of pure P2E models, especially…
Moody’s Analytics said in its Weekly Asia Pacific Economic Preview that the Philippine economy is expected to slow to 5.7% year-on-year in the September quarter from 6.3% in the June quarter because of internal and external pressures. The report said private consumption was muted in the previous quarter as the Monetary Board’s decision to cut…
It’s no secret the overall media and entertainment industry has struggled in recent years, burdened by labor strikes, profitability challenges, and a transition to streaming that’s upended some of the most well-known corporate behemoths. One company, though, has thrived amid the various changes: Netflix (NFLX). The streaming platform beat Wall Street expectations across every major financial…
ISTANBUL The US Commodity Futures Trading Commission (CFTC) warned users of messaging apps to be aware of schemes that aim to defraud them of assets, specifically crypto assets. “Fraudsters are exploiting the default settings of commonly used messaging apps, telephone networks, and mobile devices to lure users into crypto pump-and-dump schemes and other scams,” it…
Schneider Electric Foundation recently named Sustainable Development Solutions Network (SDSN) Youth Philippines as one of the five winners of the company’s global “Youth Innovation for a Sustainable Future” Call for Projects, launched in celebration of the Foundation’s 25th anniversary. The initiative, which received hundreds of applications across two continents, recognizes youth-led projects spearheading innovative solutions…
CALI (Colombia), Nov 3 (NNN-AGENCIES) — The world’s biggest nature conservation conference closed in Colombia on Saturday with no agreement on a roadmap to ramp up funding for species protection. With other successes under its belt, the 16th Conference of Parties (COP16) to the UN’s Convention on Biological Diversity (CBD) was suspended by its president…
BAGHDAD, Nov 2 (NNN-NINA) – Iraq’s Oil Ministry said yesterday that, the country has reduced its oil production and cut its crude exports to 3.3 million barrels per day, in line with its commitment to the OPEC+ agreement on output cuts. “We confirm that Iraq has lowered its oil production and reduced its exports to…
MSpectrum Inc. and Emperador Distillers, Inc. have teamed up to provide the solar power requirement in the latter’s Laguna manufacturing plants. In photo are (L-R) Anglo Watsons Glass, Inc. President Alec M. Tempongko, MSpectrum President and CEO Ma. Cecilia M. Domingo, Emperador Distillers President and CEO Winston S. Co and MSpectrum COO Patrick Henry T….
Russia’s pipeline gas exports to Europe rose by over 15 percent to 26.52 billion cubic meters in the first 10 months this year, Russia’s TASS news agency reported on Saturday. For the entire year of 2023, the figure amounted to about 28.15 billion cubic meters, said the report. In the first 10 months this year,…
The Asian Development Bank (ADB), said yesterday that, it approved a loan of 85 million U.S. dollars, to fund the modernisation of irrigation networks and increase agricultural production in Nepal. The ADB said, the Irrigation Modernisation Enhancement Project will develop a more efficient and climate-resilient agriculture and irrigation system, for about 56,000 farm households across…