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How much economic boost does election spending deliver?

ELECTIONS are widely believed to have a growth-inducing effect on an economy.

Groups line up for land reclamation

PROPERTY DEVELOPERS and local government units (LGUs) alike are rushing to get a slice of the robust demand for real estate projects in the so-called Bay Area, with the Philippine Reclamation Authority (PRA) awash with almost two dozen applications to reclaim more land along the Manila Bay coastline.

Economic performance 2018 and beyond

What are the Philippine economic and development prospects on the basis of current performance?

Asia’s central banks have almost no reason to increase policy interest...

HONG KONG -- Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year -- especially as US rate hikes slow -- unless a new bout of currency weakness forces them to do so.

China’s outcast steel machines find unwelcome home in SE Asia

MANILA -- China banned induction furnaces last year in a crackdown on polluting producers of low-quality steel, but these machines have made their way to parts of Southeast Asia, hitting domestic steelmakers and fueling safety and environmental concerns.

Emerging market currency crisis could lead to broader economic trouble, recession

LONDON -- Emerging market investors are trying to gauge whether a currency crisis and the steep interest rate hikes being used to fight it could turn into a broader slowdown and even recession.

Emerging mart turmoil revives dreaded old OPEC ghost

LONDON -- For more than two decades, the Organization of Petroleum Exporting Countries (OPEC) has tried to avoid repeating a mistake that cost it dearly.

Soft patch, facade or great decoupling?

LONDON -- A rare synchronized expansion among major world economies that was cheered on by markets and policy makers may be already unravelling, with only the near-term prospects for the United States looking significantly better.

Indonesia asks businesses to hold more rupiah to curb weakness

JAKARTA -- Over the past couple of decades, Indonesian companies have developed a tried and tested strategy to cope with the periodic plunges in the rupiah: retain dollars to protect their profits.

Trade row could make China change economic tack

BEIJING -- China’s efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by...

Digital currency sales face rocky path

NEW YORK -- A global regulatory crackdown on cryptocurrencies created by start-ups to finance new projects could slow the pace of virtual currency sales...

World marts can absorb some trade turbulence as Donald Trump digs...

LONDON/GENEVA -- Booming global trade and economic growth have cushioned world markets against the political turbulence of Donald Trump’s first year in the White...

Improved anti-dengue vaccine seen from mess

CHICAGO -- New dengue vaccines being developed by Takeda Pharmaceuticals Co. Ltd. and US government scientists are poised to provide a safer alternative to...

Emerging markets sailed through storms in 2017. What next?

LONDON -- After a year of double-digit returns, one of the key questions for emerging markets in 2018 is whether they will continue to...

Speaker’s arrest puts Indonesia’s parliament in graft spotlight, again

JAKARTA -- Implicated in five corruption scandals since the 1990s but never convicted, the speaker of Indonesia’s parliament Setya Novanto is a political survivor. Last...

Yellen’s bequest: a healthy economy and questions over Fed’s future policy

WASHINGTON -- US Federal Reserve Governor Jerome Powell will inherit healthy economic growth and a consensus on monetary policy at least for the next...

Start-ups transforming business landscape in the Philippines

By Krista Angela M. Montealegre National Correspondent THE START-UP ecosystem is blossoming in the Philippines, and conglomerates may be just what they need for their lift-off. A...

Tax reform battle in Congress bares limits of Duterte magic

By Maria Eloisa I. Calderon Editor-At-Large WHEN President Rodrigo R. Duterte handily won the 2016 presidential elections, with that victory came political certainty and control of...

Reform hopes fade in China

BEIJING -- President Xi Jinping’s rule in China has been marked by a muscular stance in many areas -- from corruption to foreign policy...