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 ...

  Bloomberg Bangladesh’s capital now has its first metro rail, a Japanese-funded project that aims to ease commuting in one of the most congested cities in the world. A section of the over 20-kilometre (12.427 miles) urban rail project, known as Line 6, was inaugurated by PM Sheikh Hasina. The line connects the northern zone of Dhaka to a hub ...

Bloomberg President Joe Biden said his administration would comply with the Supreme Court’s order keeping in place sweeping, coronavirus border controls. “The court is not going to decide until June, apparently, and in meantime we have to enforce it,” Biden told reporters after the Supreme Court ordered that the border restrictions, known as Title 42, stay in effect while litigation ...

  Bloomberg Dozens were killed as heavy rains flooded central and southern Philippines during the Christmas holidays with nearly 400,000 people displaced even without a typhoon. Twenty-five were confirmed dead, mostly in the northern part of Mindanao island, the disaster management council said. Nine others were injured while 26 remain missing, it said. Hundreds of areas were flooded during the ...

  Bloomberg Rudy Giuliani was in daily contact with President Donald Trump between November 5, 2020 and January 15, 2021, as much as 10 times a day, according to testimony by former New York Police Commissioner Bernard Kerik. “The mayor spoke to the president daily, I don’t know, sometimes three times, sometimes 10 times in a day, basically outlining findings, ...

Bloomberg Prime Minister Rishi Sunak’s spokesman, Jamie Davies, told reporters the government acknowledges the strikes hitting the UK are causing “massive disruption.” “If you look at rail specifically, it has hindered people’s ability to go to work, to get to school, to go about their daily lives,” Davies said. “We want the strikes to end; we don’t want to see ...

Bloomberg Ukrainian President Volodymyr Zelenskiy said he had discussed the postwar rebuilding effort with BlackRock Chief Executive Officer Larry Fink as his government prepares to participate in the World Economic Forum (WEF) in Davos next month. “Specialists of this company are already helping Ukraine to structure the fund for the reconstruction of our state,” Zelenskiy, who had a video call ...

Bloomberg Japanese Prime Minister Fumio Kishida said he expected the next general election to come before a possible hike in taxes that has met resistance from the public and is intended to fund his unprecedented expansion of defense spending. “We will be asking the people to take on an extra burden starting at an appropriate time between 2024 and 2027,” ...