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15 June

Banks prepare for yuan as next world currency

By Jerry Maglunog Yuan, the Chinese currency, is set to become a dominant tradable currency in the world like the US dollar and Philippine banks must be ready for this eventuality, Bankers’ Association of the Philippines (BAP) President Lorenzo Tan said.

15 June

Filipino boxers dominate SEA Games with 5 golds

For former world boxing champion Josie Gabuco, the Southeast Asian Games shaped as a make-or-break tournament after her run of defeats in major events last year. It turned out to be make.

15 June

Azkals stun Bahrain, 2-1, in World Cup qualifier

The Philippine Azkals beat Bahrain 2-1 in Group H during the Asian qualifying rounds for the 2018 World Cup. Substitute Misagh Bahadoran opened the scoring five minutes into the new half, and Javier Patino doubled the lead 10 minutes later. Bahrain scored a consolation goal in injury time through Abdulwahab Al Malood.

15 June

South Korea cuts key rate amid MERS backlash

Seoul, South Korea—South Korea’s central bank lowered its key interest rate to a historic low on Thursday, responding to a slump in exports and the prospect that the outbreak of the deadly MERS virus could slow the economy.

15 June

US House rejects Obama on trade authority

Washington—The US House of Representatives sidetracked a high-profile White House-backed trade bill, a blow to a pending Asian trade deal and a humiliating defeat for President Barack Obama inflicted by members of his own party.

15 June

Small Chinese investors fly blind in latest boom

Beijing—Li Haitao, a 24-year-old employee at a steel trading company, did no research last June before he joined a stampede of novice investors into China’s surging stock market. He paid for his risk-taking.

15 June

S&P downgrades Greece, says default likely sans deal

New York—Standard & Poor’s on Wednesday downgraded Greece’s credit rating one notch further into junk territory, saying it’s likely the country will default on its commercial debt within a year if it can’t strike a deal with its creditors.

15 June

Alveo ups residential footprint in Nuvali

Alveo Land is expanding its residential offering in the eco-friendly community of Nuvali in Santa Rosa, Laguna province. With four highly successful residential projects in the area to its name, Alveo is launching its fifth residential community, situated in one of Nuvali’s last parcels of land for residential development. With this project, the company has now invested more than P7.4 …

15 June

Lower bid price for first Clark Green City parcel attracts firms

Sixteen companies are eyeing development for the first parcel of Clark Green City of the state-owned Bases Conversion and Development Authority (BCDA) after the agency improved the bidding terms for the project.

15 June

‘Rak of Aegis’ dominates 7th Gawad Buhay!

Story and photos by Alvin I. Dacanay Rak of Aegis, the hit Philippine Educational Theater Association (Peta) musical that uses the songs of pop-rock band Aegis to tell the story of a young woman who dreams of achieving YouTube stardom, and the problems facing her perpetually flooded village, swept the Seventh Gawad Buhay! awards, earning 11 trophies at a three-hour-plus …

TimeLine Layout

June, 2015