WB to warn of global recession risk in economic outlook
THE World Bank (WB) is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release
SEC adds 3 more to alert list, acts on Silverlion
THE Securities and Exchange Commission (SEC) has warned the public about three entities that have been soliciting investments without a license, with two of them not even registered with the agency.In an advisory, the SEC said that Bit-Cryptorising Marketing Consultancy
CA affirms ruling for Philharbor to pay moral damages
THE Court of Appeals (CA) has affirmed a ruling that ordered Philharbor Ferries and Port Services, Inc. to pay its former chief operating officer (COO) P300,000 in moral damages P200,000 in exemplary damages and P100,000 in lawyer fees.The tribunal imposed
Igloo partners with GCash, Malayan to insure travelers
INSURTECH firm Igloo has recently launched a new travel insurance product in partnership with GCash and Malayan Insurance amid surging travel on the back of easing coronavirus disease 2019 (COVID-19) restrictions.According to Igloo, its new travel insurance product — Travel
Filinvest REIT targets portfolio’s sustainability certification
FILINVEST REIT Corp. (FILRT) said it is aiming to have all of its buildings certified and accredited with an internationally recognized sustainability certification as it targets to be a sustainable real estate investment trust (REIT).At present, the company has two