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Showing posts from April, 2023

COLLAPSE OF SILICON VALLEY BANK AND ITS IMPACT ON THE US ECONOMY

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  Silicon Valley Bank, also known as SVB Bank was one of the biggest and most popular state-chartered banks which was founded in the year 1983 by Wells Fargo. The bank had its headquarters in Santa Clara, California. The bank had its branches in California as well as Massachusetts. SVB offered a plethora of services that were able to fulfill the needs and demands of the tech-based industry and related countries. Due to its exceptional services, the Silicon Valley Bank became the top choice of every tech company in the United States, and slowly and gradually this bank became the most loved and trusted choice for more than half of tech-based companies and startups. When the SVB got collapsed on 10 th March 2023, it was the 16 th largest commercial bank in the United States. Big and popular companies such as Airbnb, Block, and Pinterest were the present clients of this bank. WHY DID THE SILICON VALLEY BANK COLLAPSED ON 10 TH MARCH 2023? The only reason behind this massive collaps

PLASTIC BECOMES ONE OF THE MOST MAJORLY TRADED PRODUCTS IN THE PHILIPPINES

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  PLASTIC AND PLASTIC PRODUCTS MARKET OF THE PHILIPPINES In the last few years, the market size of plastic and plastic items has grown unconventionally. This market is rapidly growing and has started contributing a good percentage of GlobalTrade Data too. Manufacturers of plastic items are producing plastic for some of the most primary purposes like packaging, furniture, electronics, shipment, etc. Although various markets and industries were shut down during the pandemic era, on the other hand, the plastic market size was continuously growing as the use of plastic increased in packaging and shipment purposes as people started shifting online to fulfill their daily needs.  Coming towards the plastic market of the Philippines, then in this country, the plastic market is segmented into various major lines – type, technology, and application. Various types of plastics available in the Philippian market are traditional plastics, bioplastics, and engineering plastic. Similarly, based o