IMF: Trade war already hurting Asia, may cut growth forecasts
TOKYO -- US-China trade frictions are already affecting business confidence and investment in Asia, a senior International Monetary Fund (IMF) official said, warning that the fund could cut global growth forecasts in January.
S&P hints at possible Philippine credit rating upgrade
By Melissa Luz T. Lopez, Senior Reporter
S&P Global Ratings bumped up its outlook on the Philippine economy as it took stock of tax reform...
Philippines a clear laggard in tourism recovery
THE PHILIPPINES is still lagging behind its Southeast Asian neighbors in its tourism recovery, as Chinese tourists continue to stay away, Bank of America...
PCCI warns businesses face permanent closure if lockdowns continue
THE Philippine Chamber of Commerce and Industry (PCCI) urged the government to allow businesses to resume full operations, warning that many are facing the possibility of permanent closure if lockdowns continue.
Philippines has most FX reserve cover in emerging Asia, ANZ says
THE PHILIPPINES holds the biggest foreign exchange (FX) cover among Asia’s biggest emerging economies, suggesting authorities have sufficient firepower to defend the peso from breaching P60 per dollar, according to Australia & New Zealand Banking Group Ltd. (ANZ).
Asia central banks deploy foreign exchange reserves to help prop up their currencies
ASIA’S EMERGING ECONOMIES are drawing on large foreign exchange (FX) reserves to help prop up their currencies rather than going all out with interest rate hikes.
Catch-up spending seen to lift Q4 GDP
STATE AGENCIES will have to significantly ramp up spending in December to boost fourth-quarter gross domestic product (GDP), after the government continued to underspend amid the coronavirus pandemic.
Cash remittances up 3.5% in January
MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.5% annually in January, as they sought to help their families cope with the rising cost of living.
Trump shows allies not shielded from ‘America First’ trade moves
HONG KONG -- A long-standing security alliance is not enough to protect countries from US President Donald Trump’s first big protectionist move.
The Trump administration’s...
Agriculture output growth slows
By Janina C. Lim
Reporter
GROWTH of farm production eased last quarter from the preceding three months and a year ago as crops’ and livestock’s slower...
Marcos eyes solar-powered post-harvest facilities
PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the government would set up solar-powered cold storage and other post-harvest facilities southwest of Luzon...
LEDAC lists 13 bills as ‘urgent’
By Ian Nicolas P. Cigaral
Reporter
THE CORE committee of the Legislative-Executive Development Advisory Council (LEDAC) has endorsed 13 bills -- including a tariff on rice...