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IMF raises growth outlook for PH in 2020 to 6.3 percent

ABS-CBN News
Posted at Nov 18 10:49 PM

The International Monetary Fund forecasts quickening economic growth for the Philippines, but only if it stays the course on structural reforms, such as rice tariffication, and if the 2020 national budget gets passed on time. Read more »

PH shares end flat as earnings season wraps up

ABS-CBN News
Posted at Nov 15 11:34 PM

Philippine shares ended the week on a somber note finishing flat as the earnings season comes to a halt. Read more »

Hong Kong Q3 GDP shrinks 3.2 percent, confirms depth of recession

ABS-CBN News
Posted at Nov 15 05:51 PM

The economy shrank by a seasonally adjusted 3.2 percent in July-September from the previous quarter, in line with a preliminary reading, revised government data showed. Gross domestic product (GDP) contracted for the second consecutive quarter, meeting the technical definition of a recession. Read more »

Hong Kong to unveil depth of recession as protests, trade war rage

Reuters
Posted at Nov 15 08:31 AM

Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll. Read more »

BSP keeps interest rates steady, as economy recovers

ABS-CBN News
Posted at Nov 14 11:16 PM

The Bangko Sentral ng Pilipinas hits pause on monetary easing with the country's economy bouncing back. Read more »

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

LIST: 100 projects under revised 'Build, Build, Build'

Warren de Guzman, ABS-CBN News
Updated as of Nov 15 05:22 PM

(UPDATE) This includes the first phase of Metro Manila's first ever subway the New Manila International Airport, the renovation of the Ninoy Aquino and Davao International Airports and Sangley Airport in Cavite. Read more »

Japan's economy nearly stalls in Q3 as trade war bites

Leika Kihara and Tetsushi Kajimoto, Reuters
Posted at Nov 14 10:39 AM

The world's third-largest economy grew an annualized 0.2 percent in the third quarter, slowing sharply from a revised 1.8 percent expansion in April-June, preliminary gross domestic product (GDP) data released by the government showed on Thursday. Read more »

Trump threat of more China tariffs could hit consumer goods before Christmas

Andrea Shalal, Reuters
Posted at Nov 14 07:28 AM

US President Donald Trump's threat to jack up US tariffs on Chinese goods if the world's two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than 2 weeks before Christmas.   Read more »

'Emergency powers' for Duterte to move 'Build, Build, Build' readied in House

Michelle Ong, ABS-CBN News
Updated as of Nov 14 03:36 PM

Malacañang on Thursday welcomed a lawmaker's proposed measure calling for emergency powers for President Rodrigo Duterte to fast track his Build Build Build program. Read more »

Trump hails economic boom, says China trade deal is 'close'

Douglas Gillison, Agence France-Presse
Posted at Nov 13 06:49 AM

President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.  Read more »

Study: IT-BPM industry's 2022 growth goals out of reach

ABS-CBN News
Posted at Nov 12 11:01 PM

A dim growth outlook for the IT and business process management industry in the Philippines. Read more »

PH shares join regional downswing amid lingering US-China trade worries

ABS-CBN News
Posted at Nov 11 11:00 PM

Philippine shares slid alongside most Asian markets as hopes for a speedy resolution to the US-China trade front wane. Read more »

Economic growth momentum rests on budget passage: analyst

ABS-CBN News
Updated as of Nov 11 12:52 PM

Gross domestic product grew 6.2 percent in the third quarter, on the back of a recovery in government spending that was weight down by the delayed approval of the 2019 budget. Read more »

PH shares join regional gloom amid lingering US-China trade row uncertainty

ABS-CBN News
Posted at Nov 09 12:28 AM

Despite assurances the large-scale theft uncovered at the PSE won't affect the local stock market, Philippine shares still fell for the day, in step with most Asian markets amid lingering uncertainty in the US-China trade front. Read more »

US firms keen on 'Build, Build, Build,' says Filipino envoy

Willard Cheng, ABS-CBN News
Posted at Nov 08 12:25 PM

There is a "very high level of confidence" among US businesses in the Philippine economy, said Jose Victor Chan-Gonzaga, Minister of Economy Affairs of the Philippine Embassy. Read more »

Global debt reaches record-high $188 trillion: IMF

Kyodo News
Posted at Nov 08 03:51 AM

Global debt has reached a record high $188 trillion, or about 230 percent of the world's economic output, International Monetary Fund chief Kristalina Georgieva said Thursday, while warning of the risks such debt poses to financial stability.   Read more »

'On a roll': Malacañang upbeat with country's GDP growth rebound in Q3

ABS-CBN News
Posted at Nov 07 09:27 PM

Malacañang on Thursday said it was 'pleased' with the country's gross domestic product (GDP) in the third quarter, which grew 6.2 percent in the July to September period. Read more »

GDP growth rebounds in Q3 as gov't revs up spending

ABS-CBN News and Reuters
Updated as of Nov 07 10:42 AM

Separate polls by Bloomberg and Reuters both gave a median forecast of 6 percent growth for the July to September period. Read more »

Airbnb CEO pledges to verify all listings

David Yaffe-Bellany, The New York Times
Posted at Nov 07 08:51 AM

Airbnb will check the accuracy of photographs, addresses and other information posted with each property, as well as verify that the listings meet safety standards and that the hosts are who they say they are. Read more »