UK inflation hits four-year low on oil price fall, COVID impact

London: British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up its stimulus programme again. Consumer price inflation slowed to 0.5% from April’s 0.8%, the Office for National Statistics said, in […]

Billionaire Eduardo Cojuangco, head of Philippines’ largest conglomerate, dead at 85

Manila: Filipino billionaire Eduardo “Danding” Murphy Cojuangco Jr. died on Tuesday night following a long illness, Philippine media reported. He was 85. Cojuangco, with an estimated net worth of $1.4 billion, was the chairman and CEO of San Miguel Corp. (SMC), the largest food and beverage corporation in the Philippines and Southeast Asia.   Ramon Ang, company […]

UAE Ministry of Finance implements Procure-to-Pay

Dubai: The Ministry of Finance (MoF) on Wednesday announced the implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests at various federal entities in the country. Entities can now approve the purchase requests and direct the purchase order to the supplier within minutes – if all the required […]