News

PH shares join downturn in Asia

ABS-CBN News
Posted at Nov 09 11:42 PM

Philippine shares succumbed to selling pressure Friday, joining a region-wide slump. Read more »

Lazada to sell limited edition MINI cars on 11.11

Jessica Fenol, ABS-CBN News
Posted at Nov 09 10:15 PM

You can buy this luxury car online on 11/11/2018 (Sunday) via Lazada.  Read more »

Pernia urges lawmakers to pass laws to help farmers

ABS-CBN News
Posted at Nov 09 12:16 AM

As the economy continues to be battered by natural disasters, economists call on government to rescue the country's ailing agriculture sector. Read more »

GDP growth slows amid drop in consumption, agriculture

ABS-CBN News
Updated as of Nov 08 10:16 PM

The Philippine economy slowed in the third quarter dragged by a drop in farm sector output and lower consumption.  Read more »

GDP growth slows in third quarter on drag from agriculture

ABS-CBN News
Updated as of Nov 08 03:30 PM

Economic growth of 6.1 percent in the third quarter slowed from 6.2 percent in the previous three-month period and was below the 6.3 percent expectation of analysts in a Reuters poll.  Read more »

PH shares fall anew ahead of Q3 GDP data

ABS-CBN News
Posted at Nov 07 11:03 PM

Worries over the upcoming third quarter GDP data dragged Philippine shares back to a crucial support level. Read more »

GDP growth revised upward to 6.2 percent in second quarter

ABS-CBN News
Posted at Nov 07 12:15 PM

The PSA earlier reported April to June GDP growth at 6 percent. Third quarter data is due out on Thursday, with economists predicting a 6.3-percent expansion due to a pickup in government spending. Read more »

Pernia sees 'some impact' with easing of foreign ownership limits

ABS-CBN News
Posted at Nov 07 12:13 PM

An executive order easing restrictions on foreign participation will have "some impact" but may not be enough to boost the economy, Socioeconomic planning secretary Ernesto Pernia said Wednesday. Read more »

Inflation to slow in November as price-taming steps take hold: Pernia

ABS-CBN News
Posted at Nov 07 09:55 AM

Socioeconomic Planning Secretary Ernesto Pernia said there could be a "policy lag," wherein recent steps to tame inflation, such as reducing food import constraints, have yet to take effect fully. Read more »

Third quarter growth seen faster as gov't spending picks up: Reuters poll

Reuters
Posted at Nov 06 07:35 PM

The Philippine economy likely expanded at a faster clip in the third quarter, driven by higher government spending and giving the central bank room to tackle stubbornly high inflation, a Reuters' poll showed. Read more »

Economic growth seen accelerating in Q3 on gov't spending

Reuters
Posted at Nov 06 03:42 PM

The median forecast of 12 economists polled by Reuters showed gross domestic product was expected to have grown 6.3 percent in July-September from a year earlier, picking up from the previous quarter's expansion of 6 percent, a near 3-year low.   Read more »

Inflation steady at 6.7 percent in October

ABS-CBN News
Updated as of Nov 06 07:26 PM

Economic managers are expecting a slowdown in inflation, which in recent months, has held at the fastest in nearly a decade. Read more »

Saudi Arabia to build first nuclear research reactor

Agence France-Presse
Posted at Nov 06 07:19 AM

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix. Read more »

PH shares hit near 2-week high

ABS-CBN News
Posted at Nov 05 11:49 PM

Philippine shares play catch up to last week's gains in global equities as the local market reopen following the 4-day weekend. Read more »

Dissecting Data: October inflation and Q3 GDP

ABS-CBN News
Updated as of Nov 06 08:11 AM

This year's third quarter inflation was at 6.2 percent. Read more »

Inflation seen easing for 1st time in 10 months: poll

Reuters
Updated as of Nov 05 02:43 PM

Inflation is seen at 6.5 percent in October, based on the median forecast in a survey of 10 analysts, slowing from September's 6.7 percent, which was the fastest since 2009. Read more »

US wages gains will get Fed's attention; no rate hike yet

Heather Scott, Agence France-Presse
Posted at Nov 04 12:05 PM

Wage gains at long last have made an appearance in the US economy after a baffling absence amid robust job growth but the Federal Reserve is expected to hold its fire next week. Read more »

Dissecting Data: Can holiday remittances boost the peso?

ABS-CBN News
Updated as of Nov 02 03:55 PM

Can holiday remittances lift the peso, which has languished at its lowest levels in 12 years against the dollar? Read more »

Markets to reopen with eyes on inflation, GDP data

ABS-CBN News
Posted at Nov 02 09:43 AM

Trading in financial markets will resume next week with investors awaiting fresh inflation and gross domestic product data. Read more »

President Xi admits 'uncertainty' in China's economy

Agence France-Presse
Posted at Nov 01 11:29 PM

Signs abound that the world's second largest economy is losing steam as it faces a trade war with the US, a massive debt buildup and a weakening currency.   Read more »