Taiwanese broadband internet access and content company GigaMedia, has lost its CFO and vice president of operations with the resignation of Yichun Chang and Chris Tung respectively.
In another aggressive move, the Philippine monetary board lowered key interest rates by another 50 basis points even as Bangko Sentral (central bank) defended its governorÆs right to the post.
The Philippine monetary board lowered key interest rates by 50 basis points effective Monday, in a move that paralleled the US Federal ReserveÆs cut last Wednesday.