News

Asia at 'forefront' of US-China trade war fallout: ING

ABS-CBN News
Updated as of Feb 12 10:56 AM

Financial markets will also monitor world oil prices, elections in other Asian countries and policy moves by the Federal Reserve, said ING Bank head of research for Asia Pacific Rob Carnell. Read more »

CEOs call for laws to protect US 'Dreamers'

Agence France-Presse
Posted at Feb 12 07:46 AM

More than 100 corporate leaders and other prominent figures on Monday called on US lawmakers to protect immigrants brought illegally to the United States as children.  Read more »

UK posts slowest growth in six years as Brexit looms

Ben Perry, Agence France-Presse
Updated as of Feb 12 08:18 AM

The British economy grew at its slowest pace in 6 years in 2018, data showed Monday, as Brexit uncertainty grips the country and fears grow that Britain could crash out of the EU without a deal.   Read more »

PH shares dip amid inflows from net foreign buying

ABS-CBN News
Posted at Feb 11 11:49 PM

Philippine shares dip as the rest of Asia also watch out for developments from the US-China trade talks in Beijing. Read more »

FDI net inflows down 45.9 pct in November

ABS-CBN News
Updated as of Feb 11 11:58 PM

The Bangko Sentral ng Pilipinas said the decline was due largely to the drop in net investments in debt instruments. Read more »

US team in Beijing for trade talks

Agence France-Presse
Posted at Feb 11 12:07 PM

Deputy trade representative Jeffrey Gerrish would lead the US delegation in preparatory meetings to begin on Monday, the White House has said. Read more »

Trump's World Bank pick, an ally for the lender's critics?

Douglas Gillison, Agence France-Presse
Posted at Feb 10 11:14 AM

President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.  Read more »

US-China trade talks resume next week, to focus on intellectual property

Jeff Mason, Reuters
Posted at Feb 09 11:54 AM

US negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. Read more »

Firms must push for inclusive growth, say CSR advocates

ABS-CBN News
Posted at Feb 08 04:38 PM

More than philanthropy, more than public relations, companies should push for inclusive growth in their CSR efforts. Read more »

PH shares back at 8,100 ahead of BSP policy meeting

ABS-CBN News
Posted at Feb 07 11:15 PM

Philippine shares scaled back at 8,100 after clinging around 8,000 for days. Read more »

Bangko Sentral keeps interest rates steady as inflation cools

ABS-CBN News
Updated as of Feb 07 04:38 PM

Inflation slowed further in January, falling below forecasts. Analysts polled by Reuters and Bloomberg unanimously predicted that monetary authorities would keep borrowing costs steady. Read more »

US Treasury's Malpass aims to reform the World Bank

Virginie Montet, Agence France-Presse
Posted at Feb 07 08:24 AM

After 2 years in the US Treasury, David Malpass is poised to take over the helm of the World Bank, where he can put his own stamp on its policies -- something that many experts say undermines the institution. Read more »

Trump taps fierce World Bank critic to take its helm

Heather Scott, Agence France-Presse
Posted at Feb 07 08:00 AM

President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions. Read more »

PH shares lose steam, barely clings to 8,000

ABS-CBN News
Posted at Feb 06 11:06 PM

From the day's best performer to the worst.  Read more »

Trump vows to build border wall, warns Democrats on probes

Steve Holland and Jeff Mason, Reuters
Updated as of Feb 06 11:45 AM

Trump spoke in the chamber of the House of Representatives facing political discord over his demands that Democrats end their opposition to funding for a border wall he says is needed to stem illegal immigration and smuggled drugs. Read more »

Bangko Sentral 'ripe' for policy easing in first quarter: PNB president

ABS-CBN News
Updated as of Feb 06 10:42 AM

The BSP could cut the overnight borrowing rate by 25 basis points in the first quarter. Slashing the reserve ratio requirement will be a "balancing act," PNB president Wick Veloso told The Briefing on ANC's Market Edge. Read more »

PH econ managers bat for greater support for agri to control inflation

ABS-CBN News
Posted at Feb 05 06:56 PM

In a joint statement, the finance and budget departments along with state planning agency, National Economic and Development Authority, said "the agriculture sector needs greater attention now more than ever." Read more »

Palace: Gov’t to remain ‘on guard’ as inflation slows further

ABS-CBN News
Posted at Feb 05 01:35 PM

MANILA - Malacañang on Tuesday said the government will remain “on guard” as inflation decelerated further in January. Read more »

BSP needs more time to review policy impact as inflation eases

ABS-CBN News
Updated as of Feb 05 04:54 PM

Analysts said easing inflation would give the BSP scope to keep interest rates steady after a total 175-basis point increase in 2018 when inflation hovered at near 10-year highs. Read more »

Fed Chair Powell and Trump met Monday to discuss economy

Howard Schneider, Reuters
Posted at Feb 05 11:37 AM

The hour-and-a-half steak dinner, a possible opportunity for Trump and Powell to reset their relationship, covered a variety of economic topics, the Fed said in a statement, but did not delve into expectations of future monetary policy decisions. Read more »