Recession fears pull down Asian markets
HONG KONG: Equities fell in Asia on Thursday as traders grew increasingly worried that central-bank moves to rein in inflation could tip economies into a recession. The move came as several top Federal Reserve (Fed) officials said they favored similar increases in the United States. After a weak lead from Wall Street, Asia was mostly in the red. Concern over the outlook was shared by Wall Street titan Jamie Dimon, who warned that the wave of unprecedented crises were combining to cause an economic superstorm. "More supply essentially soothes some of those inflationary fears, even if there is a lot more work to do when it comes to fighting inflation," he added.
Source:Manila Times
June 03, 2022 01:44 UTC
War enters 100th day with Russia controlling ‘fifth of Ukraine’
Soledar, Ukraine — Ukraine marked 100 days since Moscow’s invasion on Friday with Russian forces hammering the Donbas in their push to capture the country’s east. Financial squeezeLed by the United States, Western nations have pumped arms and military supplies into Ukraine to help it survive the onslaught so far. Bridget Brink, the new US ambassador to Kyiv, promised Thursday that the United States would “help Ukraine prevail against Russian aggression,” after presenting her credentials to Zelensky. Earlier this week, the United States announced that it was sending more advanced, Himar multiple rocket launch systems to Ukraine. Across the Atlantic, EU nations agreed new sanctions that would halt 90 percent of Russian oil imports to the bloc by the end of the year.
Source:Philippine Daily Inquirer
June 03, 2022 01:22 UTC
How millennials can prepare for financial independence
Financial independence vs financial freedomThese two terms are often used interchangeably because they conjure up the same images in your head. How to be financially independent: 7 money tips for millennialsWhether it's financial independence or financial freedom you're aiming for, it's not something you can achieve overnight. To make the transition to financial independence, you should take full responsibility for your finances. Do your research on assets that generate income, like real estate, stocks, mutual funds, and small businesses and see yourself coasting to financial independence. Even if you have a good, stable and high-paying job, it can still take a while to achieve financial independence.
Source:Manila Times
June 02, 2022 22:17 UTC
De La Salle exacts revenge vs UST; UP fights for dear life
De La Salle exacted revenge on UST and held off Laure to a season-low of eight points. “I think ‘yong lumabas sa amin dito is more of the consistency ng team following up doon sa mga previous matches namin na straight sets,” said De La Salle assistant coach Benson Bocboc. After dropping the third set, De La Salle led by as many as 11 points in the fourth frame, 16-5, to reach the second technical timeout with a sigh of relief capped by a Sharma soft tip. Ypril Tapia and Imee Hernandez paced UST with 12 points each while Camille Victoria added nine markers. Chen Tagaod and Jean Asis topscored for the Lady Tamaraws, who slipped to a 1-10 slate, with six points apiece.
Source:Manila Times
June 02, 2022 19:47 UTC
KUWTT: Govt debt hits record P12.7T | June 3, 2022
READ: Govt debt hits record P12.7TTHE government's outstanding debt has increased by more than P80 billion, reaching a record P12.76 trillion at the end of April. Domestic debt expanded by 0.8 percent to P8.93 trillion from P8.86 trillion at the end of March. External debts widened by 0.4 percent, to P3.82 trillion from P3.81 trillion. Since the end of 2021, domestic debt has gone up by 8.8 percent, or P765.44 billion. Ordered released by Senate President Vicente Sotto 3rd were Mohit Dargani, the company's treasurer, and Linconn Ong, one of its directors.
Source:Manila Times
June 02, 2022 19:22 UTC
Suspect in bus bombings slain in AFP operation, pal nabbed
CAMP SIONGCO, Maguindanao––Military authorities today announced the death of a suspected terror group member believed to be behind the bombings in central Mindanao. Government forces recovered from Saro and the slain gunman assorted firearms, bullets, and improvised bombs, Mundala added. A passenger of the bombed Yellow Bus Line has claimed that she saw a man boarding the bus in Mlang, Cotabato, and was seated at the rearmost part of the bus. Brigadier General Eduardo Gubat, 6th Infantry Division commander, assured the public that the military would continue pursuit operations against terrorists operating in Central Mindanao. He lauded the operating troops and directed them to maintain an offensive stance against local terrorists hiding in the marshland of Maguindanao.
Source:Philippine Daily Inquirer
June 02, 2022 19:10 UTC
Garcia makes amends with Casajeros but suspension upgraded to three months
Controversial San Juan assistant coach Yong Garcia and Valenzuela cager Lordy Casajeros have patched things up just a couple of days after the infamous spitting incident that marred the MPBL match between their respective teams last Monday. It can also be recalled that Casajeros even wanted the Games and Amusement Board to intervene in the incident and hand a ban to the Knights assistant coach. After the meeting, the two seemed to have buried the hatchet as they posed for a photo shaking hands in front of Estrada. “MPBL condemns any and all unsportsmanlike conduct, especially deliberate acts of violence. There’s no place for such act in this league and a similar offense would be dealt with even more severely” said MPBL Commissioner Kenneth Duremdes.
Source:Manila Times
June 02, 2022 18:36 UTC
CA bypasses Duterte appointees
President Rodrigo Roa Duterte presides over the 54th Cabinet meeting at the Malacañan Palace on May 30, 2022. (UPDATE) THE Commission on Appointments (CA) on Wednesday bypassed -- for lack of quorum -- the ad interim appointments of five officials to three constitutional bodies. Zubiri noted that former president Benigno "Noynoy" Aquino 3rd gave the then incoming Duterte administration a "free hand to choose the choices of his constitutional commissions." Why not leave that to the incoming president? Sana (I hope) we can give that courtesy to the incoming president," he said in a briefing.
Source:Manila Times
June 02, 2022 17:27 UTC
Man dies, woman remains unconscious after both washed away in Sunny Bay
A 54-year-old man in Sunny Bay died after attempting to pull a 42-year-old woman playing in the surf back to shore but failed, with both washed away by the tide. The incident involving the duo falling into the sea and going missing was reported to police at about 1am on Thursday. Yet, Mak soon called for help from the man surnamed Ho and told him to pull her to shore after taking a few more steps further away. The two were then washed away by a strong current in the rain, and both were crying for help before the water covered them. Cheung recalled that the incident from Mak playing by the beach to both being washed away took only a few minutes.
Source:The Standard
June 02, 2022 15:51 UTC
Gunman kills four in Oklahoma medical center, police say
TULSA, Okla. – A man armed with a rifle and handgun opened fire on Wednesday inside a medical building in Tulsa, Oklahoma, killing four people, police said, in the latest of a series of mass shootings in the United States. ADVERTISEMENTBrooks said police were trying to determine the man’s identity, but said he was aged between 35 and 40. The shooting occurred on the second floor of the campus’s Natalie Building, which contains doctor’s offices including an orthopedic center. The Tulsa shooting follows two mass shootings in May that shocked Americans and reignited debates about gun control. Last week, a gunman killed 19 children and two teachers at an elementary school in Uvalde, Texas.
Source:Philippine Daily Inquirer
June 02, 2022 08:45 UTC
BI assures ‘smooth processing’ of returning foreign students
MANILA, Philippines — With the expected resumption of more in-person classes this year, the Bureau of Immigration (BI) on Thursday assured the “smooth processing” of international students who will be returning to resume their studies in the Philippines. BI has also reached out to school officials and groups who have expressed intent in admitting foreign applicants for the upcoming academic year. Over 35,000 international students, mostly in the medical field, were studying in the country prior to the global health crisis. The government in March permitted colleges and universities in areas under Alert Level 1 to hold in-person classes with 100 percent of the classroom’s capacity. RELATED STORIES:CHED: Colleges may decide capacity limitsOver 300 universities conducting in-person classes — CHED/MUFSubscribe to our daily newsletter By providing an email address.
Source:Philippine Daily Inquirer
June 02, 2022 06:53 UTC
Thailand eight-day tour costs HK$15,000 including quarantine hotel
Hong Thai Travel Services launched an eight-day tour to Bangkok and Pattaya in Thailand, which cost HK$15,000 with the quarantine hotel fee in Hong Kong covered. The tour included visits to Suphattra Land, Pattaya Elephant Village, Nong Nooch Tropical Garden, Swiss Sheep Farm Pattaya, Pattaya Floating Market, and Siam Premium Outlet. The tour fee covered the service fee for the tour guide, nuclear acid test within 48 hours before returning to Hong Kong, airport tax, fuel cost, travel insurance, and seven-night quarantine hotel in Hong Kong. Customers who would like to book the quarantine hotel on their own could also choose another eight-day package including similar places to visit at HK$10,699. Hong Thai said they have received many inquiries on travel to Thailand in recent weeks, believing that citizens are becoming more confident in traveling abroad.
Source:The Standard
June 01, 2022 22:36 UTC
RLC Residences shares why investing in Cainta is a smart move
Sierra Valley Gardens’ exterior aerial view CONTRIBUTED PHOTOCAINTA has enjoyed a boom in recent years, with the influx of business opportunities in real estate and business, successfully becoming a highly urbanized first-class municipality. "Cainta is proving to be a popular place to invest in real estate, thanks in large part to its proximity to Metro Manila and the continued rise of commercial establishments and transport hubs. We, at RLC Residences through Sierra Valley Gardens, want to provide the convenience of being in the city while enjoying the quiet of suburban living," said RLC Residences Marketing Head Karen Cesario. In fact, in the 2021 rankings of the Cities and Municipalities Competitiveness Index (CMCI), Cainta ranked as the top municipality. Cainta is the location of Sierra Valley, an 18-hectare mixed-use property of Robinsons Land, and home to Sierra Valley Gardens by RLC Residences.
Source:Manila Times
June 01, 2022 17:25 UTC
Eastern Communications scores a double win at the 2022 Stevie Awards
CONTRIBUTED PHOTOEASTERN Communications, a premier telecommunications company, received international recognition as it bagged two awards at the recently concluded 2022 Asia-Pacific Stevie Awards. The company's 'Stride Strong' campaign won a Bronze Stevie and was recognized in the Innovative Management in Consumer Product and Service Industries category. The overall campaign emphasized the importance of establishing stronger connections with businesses and moving forward in the face of a global pandemic. The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 nations of the Asia-Pacific region. The Stevie Awards are widely recognized for being the world's premier business awards, conferring recognition for achievement in programs such as The International Business Awards for 20 years.
Source:Manila Times
June 01, 2022 11:26 UTC
Getting to know the absolute phrase better
This modifying phrase commonly takes one of these five forms — a prepositional phrase, appositive phrase, infinitive phrase, gerund phrase, or participial phrase. The prepositional phrase "in Philippine senatorial lineups" serves as an adjectival phrase modifying the subject "the major political parties" of the main clause. The infinitive phrase "to improve sales" serves as an adverbial phrase modifying the subject "the company" in the main clause. It's called the nominative absolute or absolute clause, which some grammarians call the absolute phrase instead. Rather, the absolute clause modifies the entire main clause, adding information or providing context to it.
Source:Manila Times
June 01, 2022 09:21 UTC