The forgotten psychological cost of corruption in developing countries

Corruption is a crime which slows economic growth, undermines development, and causes inequality. With a cost to the global economy estimated at around US$2.6 trillion (£1.8...

How global tax dodging costs lives: new research shows a direct link to increased death rates

Tax abuse is an expensive business. According to a recent report by the Tax Justice Network, avoiding or evading tax deprives governments across the world of...

Bitcoin: what Elon Musk’s U-turn on Tesla payments means for future of crypto

Open banking is an opportunity, not a threat

Last month, the United Kingdom released the highly anticipated final report of its year-long review into open banking. Its recommendations include, among other things, developing and...

Economists eye another record-high GIR for PH

MANILA – Another record-high foreign reserves is projected for the Philippines in the coming months as structural inflows remain resilient and quarantine measures support the improvement in the...

Subic posts 10% rise in container cargo volume in Q1

SUBIC BAY FREEPORT – Containerized cargo volume from various export and import transactions here unexpectedly increased in the first quarter (Q1) of this year even as the...

Charter economic reforms to boost private sector role in recovery

MANILA – Department of the Interior and Local Government (DILG) Undersecretary Jonathan Malaya said the private sector plays a “very crucial” role in the country’s economic growth...

Outdoor biz ‘in’ amid pandemic: DTI chief

MANILA – As the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) now favors outdoor and non-contact activities, Trade Secretary Ramon Lopez said on...

Italy fines Google 102-M euros for abusing dominant position

ROME – Italy’s Competition Authority (AGCM) has fined Google about 102 million euros (123 million US dollars) for abusing its dominant position in the Italian market, the...

Beyond buzzwords – the Canadian Chamber of Commerce launches Women in Business Summit to help make an inclusive economic recovery a reality

(OTTAWA) – Wednesday, May 12, 2021– The Canadian Chamber of Commerce, in partnership with Salesforce announced, today, the launch of the Women in Business Summit: Empowering an...