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Ai Ballesteros

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Ai Ballesteros studied Journalism at a state university in the Philippines, currently working as a writer. For years, she has been writing about metropolis, politics, and business issues. Apart from writing, Ai also loves to travel.

ASEAN-5 growth forecast trimmed as exports slow

The International Monetary Fund (IMF) trimmed its growth forecast for five members of the Association of Southeast Asian Nations (ASEAN) members amid their continued weakening export figures. In its World Economic Outlook January 2020 published on Monday, the IMF said it now projects the ASEAN-5’s...

Motorcycle taxis banned in the Philippines

Motorcycles that are being used for public transportation in the Philippines will be deemed illegal beginning next week amid the looming end of a pilot run. Land Transportation Franchising and Regulatory Board (LTFRB) board member Antonio Gandiola Jr. said in an interview with the Philippine...

Bank of Thailand keeps rates steady but lowers growth forecast

Thailand’s central bank left its policy rates unchanged, to stay still at the lowest level on Wednesday, but lowered growth forecasts for the year amid the stronger currency and increased external risks. The Bank of Thailand (BoT) unanimously voted to keep the one-day repurchase rate...

‘Philippine water woes to dampen growth next year’

Growth of the Philippine economy is likely hindered by the shortage of water in the summer season, the National Economic and Development Authority (NEDA) said. At a year-end briefing at the NEDA headquarters in Manila on Wednesday, Socioeconomic Planning Secretary Ernesto Pernia said the lack...

Philippines Falls Out of ‘Top 10 Most Gender-Equal’

The Philippines for the first time dropped out of the top 10 countries that are most gender-equal, according to the World Economic Forum (WEF). WEF said in its Global Gender Gap 2020 report that the slide in its ranking was due to the fewer number...

Lucio Tan-led consortium wins $10-B Sangley Airport in Cavite

Filipino firm MacroAsia Corporation and its partner China Communications Construction Co. Ltd. (CCCC) are poised to bag the construction of a $10-billion airport in the Philippines. This after the consortium—which includes the Cavite provincial government—emerged as the sole bidder for the transformation of the Sangley...

Philippines receives $2.5B loan from ADB

The Asian Development Bank (ADB) has lent some $2.5 billion support to the Philippines, the highest ever extended in a single year. On Friday, the ADB and the Philippine government through the Department of Finance have signed a loan agreement worth $623 million that brought...

Masatsugu Asakawa is new ADB head

Masatsugu Asakawa is the new president of the Asian Development Bank (ADB). Asakawa, who is currently serving as a special advisor to Japan’s prime minister and finance minister, was elected by the bank’s board of governors via unanimous decision on Monday. He will assume office...

The rapidly-changing aviation industry

It’s mixed emotions for the global aviation industry as the emergence of low-cost carriers has taken its toll on major legacy airlines that have once dominated the industry. Over a short period of time, not fewer than 24 airlines have come and gone as casualties...

Our farmers deserve a ‘Merry Christmas’ too

December has come—my favorite month. By this time, we would have started hearing the songs of Christmas and feeling that excitement of buying gifts whose prices were put on a huge discount. I am unsure about the other countries, but in the Philippines, you...

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UN Report reinforces Singapore’s genius in social engineering

Singaporeans may be wrong in estimating the prevalence of Chinese and Indian nationals in their country, but the government definitely hasn’t missed a beat...

ASEAN-5 growth forecast trimmed as exports slow

The International Monetary Fund (IMF) trimmed its growth forecast for five members of the Association of Southeast Asian Nations (ASEAN) members amid their continued...

Motorcycle taxis banned in the Philippines

Motorcycles that are being used for public transportation in the Philippines will be deemed illegal beginning next week amid the looming end of a...