A ferry with more than 350 people on board sank early Monday morning near an island in the southern Philippines, and rescuers have saved at least 316 passengers and retrieved 15 bodies, according to officials. The MV Trisha Kerstin 3, an inter-island cargo and passenger ferry, was sailing to southern Jolo island in Sulu province from the port city of Zamboanga with 332 passengers and 27 crew membe...
A ferry with more than 350 people on board sank early Monday morning near an island in the southern Philippines, and rescuers have saved at least 316 passengers and retrieved 15 bodies, according to officials. The MV Trisha Kerstin 3, an inter-island cargo and passenger ferry, was sailing to southern Jolo island in Sulu province from the port city of Zamboanga with 332 passengers and 27 crew members when it apparently encountered technical problems and sank after midnight, coastguard officials said. The ferry sank in good weather about a nautical mile from the island village of Baluk-baluk in Basilan province, where many of the survivors were initially taken, coastguard commander Romel Dua said. Advertisement “There was a coastguard safety officer on board and he was the first to call and alert us to deploy rescue vessels,” Dua said, adding that the safety officer survived. Survivors of the sunken MV Trisha Kerstin 3 are transferred to another ship on Monday. Photo: Philippine Coast Guard/AFP Coastguard and navy ships, along with a surveillance plane, an air force Black Hawk helicopter and fleets of fishing boats, were carrying out search and rescue operations off Basilan, Dua said.
There's a reason you shouldn't plan to retire with an IRA or 401(k) alone. I'm someone who doesn't like paying the IRS a penny more than necessary. For this reason, I'm a big fan of retirement accounts such as individual retirement accounts (IRAs) and 401(k)s. With a traditional IRA or 401(k) plan, your contributions go in on a pre-tax basis, shielding some of your income from the IRS. You also do...
There's a reason you shouldn't plan to retire with an IRA or 401(k) alone. I'm someone who doesn't like paying the IRS a penny more than necessary. For this reason, I'm a big fan of retirement accounts such as individual retirement accounts (IRAs) and 401(k)s. With a traditional IRA or 401(k) plan, your contributions go in on a pre-tax basis, shielding some of your income from the IRS. You also don't have to pay taxes on gains in your IRA or 401(k) year after year. Rather, those taxes are deferred and come into play only when you start taking withdrawals. But as awesome as IRAs and 401(k)s are, you should also be looking outside of these accounts in the course of saving for retirement. Here's why. You need flexibility In exchange for the tax break IRAs and 401(k)s offer, the IRS gets to impose certain restrictions. When you're older, for example, the IRS can require you to take mandatory withdrawals from your savings each year, known as required minimum distributions. Another problem with IRAs and 401(k)s is that withdrawals taken before age 59 1/2 are usually penalized to the tune of 10% unless you qualify for an exception. But you never know when you might need to tap your savings before age 59 1/2. You might think you'll stay in the workforce until age 62 at least, since that's the earliest age to sign up for Social Security. But what happens if you get laid off at age 57 and can't find another job? At that point, you may want to tap your retirement account. And you may even be eligible to raid your most recent employer's 401(k) in that scenario, since there's an exception to the early withdrawal penalty if you separate from your employer in the year you turn 55 or later. However, what if you're laid off at age 57 from a job you've been at only for a few months? At that point, you may be able to access that employer's 401(k) without a penalty. But if you have only a few thousand dollars in that workplace plan and the bulk of your retirement savings is in an IRA, ...
New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by an average of 30 p...
New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by an average of 30 per cent on their debuts, beating the 24 per cent return of the 11 total initial public offerings (IPOs) on the city’s stock market this year. The outperformance underlines that the tech self-reliance trade is extending its momentum into 2026 – the first year of China’s latest five-year development plan, which emphasises artificial intelligence and other cutting-edge technologies. Advertisement Chasing tech IPOs would help institutional investors gain more exposure to sectors like AI and advanced manufacturing, thanks to an abundance of companies seeking listings this year, according to market participants including global index compiler FTSE Russell and Futu Securities. “Accessing investor capital will help drive the expected growth in these markets,” said Indrani De, head of global investment research at FTSE. “Chinese companies may have more listings in Hong Kong, in addition to the onshore market and dual listing with other exchanges. These could provide interesting opportunities for investors to gain exposure to new companies without having a significant impact on exposure to established companies.” Advertisement Buying into Chinese tech stocks or IPOs may be a safe bet for investors thanks to policy support and growth prospects at a time when the macro dynamics are growing less favourable to risk assets. China’s growth is showing signs of slowing down, pummelled by sluggish consumer spending and perennial declines in home prices. A record-setting increase in gold prices indicates that geopolitical tensions remain an overhang even though the US dropped a tariff threat a...