Washington, D.C.—April 2025—The U.S. Treasury has reported a budget surplus of $258 billion for April, marking a significant 23% increase compared to the same month in 2024. The surplus is primarily attributed to robust tax receipts at the end of the tax season and heightened customs duties following President Trump’s increased tariffs on Chinese imports….
Singapore – May 12, 2025 – Satellogic, a global leader in high-resolution Earth observation, has signed a multi-million dollar agreement with an Asia-Pacific customer, granting access to its NewSat constellation for advanced satellite imagery collection. The deal underscores the growing demand for geospatial data across industries, including agriculture, urban planning, and disaster management. Strengthening Earth…
Singapore – May 12, 2025 – Industry leaders worldwide have gathered at the TFWA Asia Pacific Conference in Singapore to discuss the future of travel retail amid a surge in outbound tourism from China and India. The conference, a premier event for duty-free and travel retail professionals, focuses on digital innovation, sustainability, and evolving consumer…
Washington, D.C. — May 10, 2025 China’s exports to the United States have plummeted, marking a significant shift in trade patterns and underscoring the impact of President Donald Trump’s new tariff policy. The decline in Chinese shipments follows the introduction of a 10% baseline tariff on imports, which has reshaped business strategies and forced industries…
Manila, Philippines – President Ferdinand Marcos Jr. has ordered an investigation into the procurement and installation of bollards at Ninoy Aquino International Airport (NAIA) Terminal 1 following a tragic accident that claimed two lives. The incident, which occurred on Sunday, involved a sport utility vehicle (SUV) crashing through the barriers and into a group of…
In 2024, Central Visayas emerged as the fastest-growing region in the Philippines, defying economic uncertainties that weighed down other parts of the country, including Metro Manila. Official reports indicate that the region’s economy expanded by 7.3 percent, making it the strongest performer among the 18 regions. This remarkable growth was primarily driven by a dynamic…
On Monday, Argentina’s National Archives released over 1,850 declassified documents detailing Nazi fugitives and their activities, marking a significant step toward transparency regarding the country’s historical role as a haven for war criminals. The decision to make these records publicly accessible came after President Javier Milei ordered their release last month following a meeting with…
On Wednesday, the Philippine peso surged to the 55-level for the first time in over seven months, closing at 55.84 against the U.S. dollar. This appreciation comes as the greenback struggles with volatility stemming from U.S. President Donald Trump’s trade policies. Factors Behind the Peso’s Rally The peso’s recent strength is largely attributed to the…
Cardinal Luis Antonio Tagle, affectionately known as “Chito,” has emerged as a prominent figure in the global Catholic Church, with his name frequently mentioned as a potential successor to Pope Francis. Born into a working-class family near Manila, Tagle’s journey from priesthood to becoming one of the most influential cardinals in the Vatican is a…
China’s manufacturing sector experienced a downturn in April 2025 as new tariffs imposed by the United States took effect. The official manufacturing purchasing managers’ index (PMI) fell to 49 in April, signalling a contraction in factory activity after months of relative stability. A PMI below 50 indicates a decline in manufacturing output. Impact of U.S….
