Jordan Advances Key Legislative Changes in Recent Cabinet Session
In a significant development, Jordan’s Cabinet, led by Prime Minister Bisher Al-Khasawneh, convened on September 13, 2023, to approve several crucial bylaws and regulations aimed at improving various aspects of governance and society. Expanding Access to Healthcare One of the major highlights of this session was the approval of an amended Civil Health Insurance Bylaw […]
Philippines Navigates Pension Reform to Safeguard Investment Grade Rating
The Philippines is confronting a pressing challenge as it contemplates reforming its military and uniformed personnel (MUP) pension system to safeguard its investment grade rating. Finance Secretary Benjamin Diokno has voiced the urgency of addressing the current “unsustainable” system, warning that failure could compromise the nation’s ability to manage its debt and deficit. President Ferdinand Marcos Jr’s administration prioritises fiscal consolidation to enable crucial infrastructure investments. The country’s financial stability hinges on navigating the delicate balance between pension reform, fiscal responsibility, and maintaining its hard-earned investment-grade status.
Lost Russian oil revenue is bonanza for shippers, refiners
Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.
Exclusive: Moscow sets out new controls on foreigners trading Russia assets
Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup (C.N) showed, as details emerge of new state controls on investment in response to Western sanctions.
Video game publisher Electronic Arts lowers annual adjusted sales forecast
Electronic Arts Inc (EA.O) lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking up new gaming titles.
Turbulent January could bode poorly for rest of year for U.S. stocks
2022 is off to a turbulent start for U.S. stocks.
