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IMF: PH in good position to weather global economic risks

ABS-CBN News
Posted at Jan 18 12:01 AM

The International Monetary Fund believes the Philippines is currently in a good position to weather various global economic risks.  Read more »

Manila's 'significant' gains vs poverty must translate to inclusive growth: IMF

Cathy Yang, ABS-CBN News
Posted at Jan 17 03:26 PM

Manila must ensure that poverty alleviation efforts are "targeted" rather than depending on effects of social programs to "naturally go down," said Changyong Rhee, director of the IMF's Asia and Pacific Department. Read more »

Asian shares firm as China's GDP raises hopes of recovery

Andrew Galbraith, Reuters
Posted at Jan 17 11:56 AM

The world's second-largest economy grew 6 percent in the fourth quarter of 2019 from a year earlier, and 6.1 percent for the full year, official data showed on Friday. Read more »

China posts weakest growth in 29 years as trade war bites

Stella Qiu and Kevin Yao, Reuters
Posted at Jan 17 11:41 AM

But data also showed the world's second-largest economy ended the year on a firmer note as trade tensions eased, suggesting a raft of growth boosting measures over the past two years may finally be starting to take hold. Read more »

Grab needs 'big competitor' to temper dominance: antitrust chief

ABS-CBN News
Updated as of Jan 17 10:22 AM

A "monitor" will be established "soon" to check on the refund, Philippine Competition Commission Chairman Arsenio Balisacan said. Grab started crediting the P19 million in refunds to app users' digital wallets as it denied overcharging. Read more »

PH shares extend decline

ABS-CBN News
Posted at Jan 17 12:54 AM

Asian markets showed a tepid reaction to the signing of the US-China phase one trade deal. Read more »

US continues 'modest' growth, outlook 'modestly favorable': Fed

Agence France-Presse 
Posted at Jan 16 07:49 AM

The US economy showed less-than-stellar growth in final weeks of 2019, but produced solid holiday sales and enters 2020 with a "modestly favorable" outlook, the Federal Reserve said Wednesday.   Read more »

PH shares join regional slide as US-China trade concerns linger

ABS-CBN News
Posted at Jan 16 12:50 AM

Steven Mnuchin's tariff comment dampened market sentiment in Asia, including the Philippines. Read more »

Cash remittances hit $2.4-B in November, up 2.1 percent

ABS-CBN News
Posted at Jan 15 03:40 PM

Cash remittances from overseas Filipinos reached $2.4 billion in November 2019, higher by 2 percent compared to the same month in 2018.  Read more »

US, China set to sign vital trade truce

Heather Scott, Agence France-Presse
Posted at Jan 15 12:38 PM

Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump faces reelection in November, some of the uncertainty will go away. Read more »

Taal eruption threatens pork, chicken from Calabarzon: PNB research

ABS-CBN News
Posted at Jan 15 12:21 PM

The Calabarzon region, south of Manila, is the country's second largest producer of both live chickens and hogs, PNB said. Read more »

Climate crisis to reshape finance: BlackRock CEO

Andrew Ross Sorkin, The New York Times
Posted at Jan 15 08:41 AM

BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business and put pressure on other large money managers to follow suit. Read more »

Economic impact of Taal eruption pegged at P7.6-B in Batangas alone

ABS-CBN News
Posted at Jan 15 12:44 AM

The Taal Volcano's continued activity is seen as a potential speed bump for the Philippine economy's growth. Read more »

PH shares stage last-minute bounce amid increased trade optimism

ABS-CBN News
Posted at Jan 15 12:41 AM

Philippine shares staged a last-minute bounce as it played catch up with the rest of Asia, following Monday's trading suspension. Read more »

Taal could pose 'temporary speed bump' to economy: ING Bank

ABS-CBN News
Posted at Jan 14 10:04 AM

Calabarzon or the provinces of Cavite, Laguna, Batangas Rizal and Quezon in Southern Luzon is an industrial and car assembly hub just a couple hours drive from the capital.   Read more »

Economic planning chief says Taal volcanic activity can't derail PH economic growth for now

ABS-CBN News
Posted at Jan 14 02:22 AM

Philippine economic managers are downplaying the impact of the Taal Volcano's activity to the country's economy. Read more »

Hong Kong leader says financial hub's strengths intact despite protests

Reuters
Posted at Jan 13 11:25 AM

Hong Kong's strengths as a global financial hub have not been undermined by months of pro-democracy protests, the Chinese-ruled city's chief executive, Carrie Lam, said on Monday.  Read more »

PH shares buck regional upswing to post weekly loss

ABS-CBN News
Posted at Jan 10 11:38 PM

Philippine shares skipped out on the regional uptrend falling for the day and for the week. Read more »

Ten years after deadly Haiti quake, survivors feel forgotten

Amelie Baron, Agence France-Presse
Posted at Jan 10 11:28 AM

Jan. 12, 2010, more than 200,000 Haitians were killed by the roaring temblor, many of them crushed to death when substandard concrete buildings crumbled on top of them.   Read more »

Philippines' 'timely' budget passage helps restore growth momentum: Moody's

ABS-CBN News
Updated as of Jan 09 04:30 PM

The signed P4.1 trillion national budget, which is 12 percent higher compared to the P3.7 trillion the previous year, is “credit positive” and will help sustain economic growth despite uncertain global risks, Moody's said in a statement.    Read more »