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MAYBANK Philippines Inc (MPI) has launched a mobile banking app, which would allow its clients to make bank transactions with the use of their mobile phones, the bank announced on Monday. Richard Lim, MPI Executive Vice President and Head of Retail Business Group, said its “Maybank2U (M2U) Mobile Banking App”…

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PHILIPPINE Savings Bank (PSBank), the thrift-bank of the Metrobank Group, posted a lower net income in 2014 compared with the previous year but said its core margins managed to post double-digit growth for the year. Net income last year amounted to P2.3 billion, 21 percent lower than the profit it…

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LOS ANGELES: Who’s ready for an Apple Watch? It’s Apple’s first foray into a new product category since 2010’s iPad, and its debut in the growing wearables market. The watch, which will be previewed Monday at a press event in San Francisco, is poised to become Apple’s most expensive product…

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FRANKFURT: The European Central Bank (ECB) on Monday is set to begin its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing program to stimulate growth and ward off deflation across the eurozone. The program calls for the eurozone central bank to buy around 60 billion euros of public and private…


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LONDON: The euro dived on Monday to a new 11.5-year low against the dollar as the European Central Bank (ECB) kicked off its radical 1.1-trillion-euro ($1.2-trillion) bond-buying program, known as quantitative easing. Sentiment was also weighed down by concerns over Greece, with Athens due to present its reform plans to…

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TOKYO: Japan’s economy grew less than initially thought in the final quarter of 2014, revised government data showed on Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world’s…

Regions

World

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ISTANBUL: A court in Turkey has scrapped a controversial plan to redevelop Istanbul’s Gezi Park that sparked protests, which snowballed into deadly nationwide unrest, media reported on Wednesday (Thursday in Manila). The administrative court justified its ruling, made last month but only revealed by Turkish media on Wednesday, by saying…

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ISTANBUL: Syria’s main political opposition will attempt to nominate a new leader to unify a fractured coalition when members reconvene in Istanbul on Thursday (Friday in Manila). Frontrunners include the secretary general of the Syrian National Coalition Mustafa al-Sabbagh, and Ahmad Assi Jarba, representing the faction of veteran secular dissident…

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SEOUL: South Korea on Thursday proposed talks with North Korea on reopening a shuttered joint industrial zone following months of high military tensions. The proposal came a day after the North restored a cross-border hotline and announced it would let the South’s businessmen visit the Kaesong estate to check on…

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ISLAMABAD: Pakistan’s new government has ended a moratorium on executions, an official said on Thursday as Amnesty International raised concerns about a “shocking and retrograde step.” Under the previous government led by the Pakistan People’s Party (PPP), no one except a soldier convicted by court martial was put to death…

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BRUSSELS: European Union (EU) ambassadors were to hold talks in Brussels on Thursday to agree a common stance on allegations of United States (US) spying on European premises and embassies that have sparked outrage across the bloc. The claims have threatened to derail long-awaited EU-US talks about a massive free…

Today's Breaking News

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The Philippine Navy (PN) announced its willingness to help ship the estimated 300 million tons of G.I. sheets needed for the repairs of homes damaged in the Eastern and Western Visayas during the onslaught of Supertyphoon “Yolanda” last Nov. 8. Navy spokesperson Lt. Cmdr. Gregory Fabic said that two logistic…

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A 5.7-magnitude earthquake rocked parts of Davao Oriental on Wednesday morning, according to Philippine Institute of Volcanology and Seismology (PHILVOCS). In its bulletin, Phivolcs said the tremor occurred at 7:58 a.m. with its epicenter traced 57 kilometers southeast of Mati in Davao Oriental. The agency said the quake was felt…

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A film based on the life of Nelson Mandela, “Long Walk to Freedom”, has became South Africa’s all-time highest grossing picture after its opening last week, production company Videovision Entertainment said Tuesday. The British-South African co-production, starring British actor Idris Elba as Mandela, has earned 4.4 million rand ($427,000, 315,000…

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WITH the various natural and man-made calamities that pounded the country, 2013 is indeed a tough year for the Philippines, according to President Benigno Aquino 3rd. Speaking before the Bulong Pulungan on Tuesday, the Chief Executive admitted that the nation is still hurting after being hit by both natural and…

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Malacañang has welcomed the latest results of the Transparency International Corruption Perceptions Index which showed an improvement in the country’s anti-corruption drive. In a statement, Palace spokesman Edwin Lacierda said that “the momentum of reform continues unabated, as recognized by the global anti-corruption coalition, Transparency International.” According to the latest…