Merry Gel Sigui
A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve.
An accredited member of a leading local broadcast media organization.
Australia wards off recession through $11 billion stimulus package
The Australian Government launched an $11.4 billion stimulus package to prevent recession amid the coronavirus pandemic. Prime Minister Scott Morrison aims to protect jobs and help businesses survive the economic challenges, providing cash payments to small and medium enterprises.
Vietnam cuts gold prices due to decline in demand
Vietnam's gold market sees significant price reduction as demand declines. Major manufacturers like SJC have lowered gold prices by VN₫300,000 to VN₫400,000, with current rates around VN₫47.3 million per tael. Experts suggest price adjustments are strategic to re-engage potential investors during a slow market period.
Italy closes majority of businesses as coronavirus cases mount
Italy has closed most businesses and implemented a nationwide quarantine as coronavirus cases surge. Prime Minister Giuseppe Conte announced only essential services like supermarkets and pharmacies will remain open. With over 12,000 confirmed cases and 827 deaths, Italy becomes the second-most affected country globally.
Singapore to grant $10 million to San Diego pharmaceutical company for...
Singapore's government has awarded Arcturus Therapeutics a potentially $10 million grant to develop a unique coronavirus vaccine. The company claims its single-shot solution offers a 30-fold improvement in dosing, utilizing a self-replicating RNA platform in collaboration with Duke University and National University of Singapore.
Grab PH suspends thousands of users over fraudulent activities
Ride-hailing platform Grab Philippines bans 125,000 users for creating multiple accounts, frequent cancellations, and providing false ratings, protecting driver interests and service quality.
Tesla eyes building a Cybertruck factory in central USA
Tesla CEO Elon Musk is scouting locations in the central United States for a new Gigafactory dedicated to manufacturing the Cybertruck. Originally unveiled in 2019, the electric pickup was expected to begin production by 2021 with an initial price point of $40,000. This expansion signals Tesla's continued growth in the electric vehicle market.
Philippine government releases list of coronavirus-related travel bans affecting the country
The Philippine government has implemented strict travel bans to control coronavirus spread, restricting entry from mainland China, Hong Kong, and Macau with limited exceptions for nationals and permanent residents.
Dutch brewer Heineken invests US$183 million for Brazil plant expansion
Dutch brewer Heineken is investing 865 million reais (US$183.14 million) to expand its Ponta Grossa brewery in Brazil. The investment will increase manufacturing capacity by 75%, reflecting the company's confidence in the Brazilian market despite economic challenges. CEO Mauricio Giamellaro emphasizes Brazil's strategic importance for Heineken's growth plans.
Philippines declares health emergency, cancels public events amid coronavirus
Philippine President Rodrigo Duterte declared a state of public health emergency as COVID-19 cases rise in Manila. The proclamation allows financial assistance to local governments and eases procurement of health resources to combat the spreading coronavirus outbreak.
Founder of India’s Yes Bank faces money laundering charges
Yes Bank founder Rana Kapoor was arrested by financial crime investigators over allegations of money laundering, criminal conspiracy, and cheating. The arrest follows the Indian Central Bank's intervention in the troubled financial institution, with Kapoor denying all charges and claiming his willingness to cooperate.
