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.
ECB hawks press case for more rate hikes to fight inflation
ECB hawks from Austria and Belgium support further rate hikes to control persistent eurozone inflation, which stands at 8.5%. Despite recent banking sector turbulence, the central bank raised rates by 50 basis points last week, signaling commitment to fighting price increases.
Silicon Valley Bank SVB run exposes rifts in venture capital world
The failure of Silicon Valley Bank exposed deep rifts in the venture capital world, with investors publicly criticizing each other's actions during the bank run. Many VCs urged their portfolio companies to withdraw funds, potentially contributing to the bank's rapid collapse and highlighting internal industry tensions.
Maybank introduces financing solution for EV, hybrid users
Maybank introduces an integrated financing solution for electric and hybrid vehicle owners, covering comprehensive financing, insurance, and charging station access. The initiative aligns with the bank's sustainability objectives and supports the government's vision to increase EV market share to 38% by 2040.
Malaysia Banks to be held up by resilient earnings
PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest.
Despite the fact that financial...
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory jumped 28% in January, marking the fastest increase in 27 years. The spike reflects a prolonged tech downturn affecting the nation's export-driven economy, with chipmakers contributing 12% of total exports and facing declining global demand amid geopolitical tensions.
New Russian offensive underway in Ukraine, says NATO
Ukrainian forces brace for massive Russian offensive near Bakhmut, with NATO confirming local reports of heavy artillery bombardment. Military officials report resistance in multiple regions, including Kharkiv, Luhansk, and Donetsk, as tensions escalate ahead of the invasion's first anniversary.
US forces returning to Philippines to counter China threats
After a 30-year absence, the United States is rebuilding its military presence in the Philippines, gaining access to additional military camps. This move is part of a broader strategy to create a strong defensive arc against China's increasing regional aggression, leveraging a long-standing alliance with strategic geographical significance.
International trade rises as commerce ministry lays out 2023 plans
Cambodia's international trade surged in 2022, with total foreign trade reaching $52.425 billion, representing a 9.19% year-over-year increase. Imports and exports grew by 4.32% and 16.44% respectively, while the trade deficit reduced by 20.60%, signaling positive economic momentum.
Asian FX, stocks rise as strong U.S. GDP data aids risk...
Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed investor optimism.
EU faces big subsidy rift before facing US
The EU is weighing industrial subsidies to compete with US green technology investments, but tensions arise as larger economies like Germany and France might disproportionately benefit, potentially undermining the single market's principles and smaller nations' economic interests.
