Phenny Lynn Palec

Phenny Lynn Palec
Writer
Phenny Lynn Palec finished her Bachelors degree in Journalism in 2007. She has worked for online news publication for years. Phenny now is an economy news writer for Business Times.

The Latest

  • Hong Kong Canadian Business Minister Sees Opportunities in China Amid Trade Friction
    Shipping containers are stacked at the Paul W. Conley Container Terminal in Boston
    Canada’s new Minister of Small Business and Export Promotion, Mary Ng, expressed her support to opportunities in China as Canadian Firms plans to expand their Asian Market. Canada was reported to boost their exports to mainland China and Hong Kong as it navigates with uncertainty with its trading partnership with the United States.
  • Australia Threatens To Seek International Trade Actions Against India Over Sugar Row
    Sugar Cane Harvester
    Australia have recently threatened that the country will raise international trade actions against India unless the latter drops some subsidies that are paid to its cane farmers. Australia claims that these subsidies have led to a major international sugar glut and have driven sugar prices down in the world market.
  • Bank of International Settlements: Global Economic Crisis 'Relapse' Unescapable
    Financial Crisis
    In a statement released on Sunday, the Bank of International Settlements have warned of the impending relapse of the global economic crisis which severely affected the global economy almost a decade ago. The international institution added that when left unregulated or unresolved, the crisis might come to a point when it cannot be treated as was the case when the last global economic crisis took place.
  • Chinese Greater Bay Area Ripe for Infrastructure Development
    China, Shenzhen
    Many experts believe that the Chinese provinces of Guangdong and Guangdong, also known as the Greater Bay Area, have great economic potential. As such, the Chinese government have been quite busy building various infrastructures are part of the country’s effort to easily link these two provinces into outside investors.
  • Singapore Scores High in Deloitte Social Progress Index
    Singapore
    In a recently published study by Deloitte, it revealed that the state of Singapore leads the Southeast Asian region in terms of social progress. Widely regarded as one of the world’s financial center, Singapore snatched a perfect score of 100 points in sanitation and water. This simply reflects the state’s commitment to bringing quality public utility service to all of it citizens.
  • Millennials Among Top Buyers of Nio Stocks
    Nio deuts at NYSE.
    Nio, the electric car company widely regarded as the Tesla of China, is making headways in the stock market following its recent official public offering. Many stock market analysts have noticed trend among those who buy Nio stocks. It would appear that a significant portion of Nio stocks were purchased by millennials.
  • Danske Bank CEO Thomas Borgen Resigns Over Money Laundering Scandal
    Danske Bank
    Danske Bank chief executive officer Thomas Borgen announced on Wednesday that he is resigning his post. Mr. Borgen’s resignation came after an investigation pinpointed him as one of the perpetrators of several suspicious transactions amounting to $234 billion.
  • China Rapid Finance Will Participate in DBS Fintech Corporate Day in Singapore
    China Unfazed Despite Stock Market Drop
    China Rapid Finance, one of China’s top online consumer finance platform, recently announced that the company will participate in the DBS Fintech Corporate Day. The company will be represented by Chief Executive Officer Zane Wang. The summit will be held at the Fullerton Hotel located in Singapore and will open its doors on Sept. 27.
  • Global Poverty Now at All-Time Low According to World Bank Data
    Citizens gather around a car that distribute meat for the poor families in the old city of Mosul
    A recent report published by the World Bank on Wednesday revealed that global poverty level is at a historic low. According to the report, only 10 percent of the world’s population lived on a daily budget of less than $1.90. This is a big drop when compared to previous data which revealed 11.2 percent of the population are on that same level.
  • Venezuela Oil Exports to China Will Hit 1 Million Barrels per Day
    China - Venezuela
    The Venezuelan government recently confirmed that the country will further expand its oil exports to China. Venezuela President Nicolas Maduro confirmed this on Tuesday following his visit to the Asian superpower. It is said that Venezuela will bump its oil exports to one million barrels per day.
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