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During US-ASEAN Special Summit, the US pledged US$150 million to tackle several key topics ranging from maritime security to pandemic preparedness to clean energy. Despite hitting the right notes, the summit lacked the concrete trade and investment commitments that ASEAN members were seeking. Access to the prized US market for ASEAN will be vital if Washington wants to balance … [Read more...] about Why Does the US-ASEAN Special Summit Lack Substantial Value?

Follow us on Telegram for the latest updates: https://t.me/mothershipsg When it rains, it pours for crypto-mogul Kwon Do Hyeong, more commonly known as Do Kwon. The beleaguered founder of the TerraUSD (UST) and Luna cryptocurrencies now reportedly finds himself slapped with a massive tax bill in his native of South Korea, the conclusion of an investigation into … [Read more...] about Luna founder Do Kwon & company faces S$108.5 million bill for allegedly evading taxes in Korea

MANILA, May 19, 2022 (AFP): The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs. Robust economic growth and jobs in the first quarter gave the monetary authority room to continue "rolling back its pandemic-induced interventions", said … [Read more...] about Philippine central bank raises interest rates to curb inflation

MANILA, May 19 (Reuters): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its … [Read more...] about Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears