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GENEVA — Britain’s revived plan to send asylum seekers to Rwanda would drastically strip back courts’ ability to scrutinize decisions and risks dealing a “serious blow to human rights”, the United Nations rights chief said on Monday.
Larry Summers [link], the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation. In statements to Bloomberg, he said: “People are a little bit in too much of a hurry to declare that we’ve done all the monetary policy that we need to do.” Referring to the big rallies in stocks and US Treasuries, Mr. Summers continued: “It makes me not as certain as many people that the job of containing inflation is over and that the war is done.” Mr. Summers also criticized the management of the country’s debts, and shared concerns that the labor market is perhaps too hot to be “consistent with sustainable inflation at 2%.”
Citicore Renewable Energy Corp. [CREC] [link] gave notice to the exchange that it “decided to adjust the indicative date of the Offer from March 2024 to the 2nd quarter of 2024.” CREC explained that it “recently received inquiries from other institutions with regard to participation in the IPO”, and that CREC is “carefully evaluating the offers from the various institutions.” CREC is the parent company of Citicore Energy REIT [CREIT 2.69 unch], and is a major component of the Megawide [MWIDE 3.22, down 0.6%] group of companies owned by Edgar Saavedra. The original IPO offer period was scheduled to begin on March 11, with a listing set for March 22.
MANILA, Philippines — The P100 minimum wage hike for private sector workers has been approved on third and final reading by the Senate, with 20 affirmative votes and no negative votes or abstentions.
MANILA, Philippines — The government is stepping up efforts to address price increases in basic commodities such as rice following a recent survey indicating that Filipinos are dissatisfied with efforts to manage inflation, according to the National Economic and Development Authority (NEDA).
MANILA, Philippines — Despite the easing inflation reported in recent months, three in every four Filipinos now say they are dissatisfied with the government’s efforts to control the rising cost of basic commodities, a recent survey conducted by the OCTA Research group showed.
The Netherlands is top of the class when it comes to comparing pension systems around the world, according to a recent global pensions report from the Mercer CFA Institute.
MANILA, Philippines — Foreign investment pledges approved by investment promotion agencies (IPAs) surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority (PSA).