Bloomberg PLDT Inc said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso ($859 million) overspending that stretched over four years from 2019. While the Philippines’ biggest phone company didn’t specify the nature of its discussions with the firms, namely Cisco Systems Inc, Huawei Technologies Co Ltd, Ericsson and Fiberhome Telecom in ...

  Bloomberg Investors betting on Singapore’s two largest internet companies are staring down hefty losses as rising interest rates and recession risks extended a tech rout that wiped out $110 billion from their market capitalisation. E-commerce platform operator Sea Ltd plunged 78% this year while ride-hailing firm Grab Holdings Ltd has more than halved. The two companies, both listed in ...

  Bloomberg Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer subject inbound travellers to quarantine from early January, adding to the rapid rollback of strict pandemic rules and boosting sentiment towards Asia’s biggest economy. Markets are also ...