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Bangko Sentral may cut interest rates 2 more times this year: analyst

ABS-CBN News
Updated as of Jul 17 04:38 PM

The Bangko Sentral ng Pilipinas could cut interest rates 2 more times this year, enough to bring key borrowing rates to 4 percent, an analyst said Wednesday.  Read more »

Fed's Powell doubles down on rate cut signal

Agence France-Presse
Posted at Jul 17 08:28 AM

Federal Reserve Chair Jerome Powell added more weight to expectations the central bank will cut interest rates later this month, stressing Tuesday that the US inflation outlook is near historic lows.   Read more »

US manufacturing sinks into recession amid trade wars

Heather Scott, Agence France-Presse
Posted at Jul 17 07:46 AM

US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump's bitter trade wars and a slowdown in China and other trading partners.  Read more »

DTI: Registered MSMEs now at 1.5 million

ABS-CBN News
Posted at Jul 16 11:35 PM

The Philippine trade department boasts of government's efforts to boost the micro, small, and medium enterprises. Read more »

'China slowdown not problem for PH'

ABS-CBN News
Posted at Jul 16 11:26 PM

An international report shows Beijing's debt has exceeded over 300 percent of its gross domestic product. Read more »

PH shares pull back after entering bull market territory

ABS-CBN News
Posted at Jul 16 11:24 PM

The risk-off sentiment is felt here at home as Philippine shares fall victim to profit-taking just a day after scaling the bull market territory.  Read more »

US retail sales increase solidly in boost to economy

Lucia Mutikani, Reuters
Posted at Jul 16 09:52 PM

US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. Read more »

Beijing rebuffs Trump claims over economic slowdown

Agence France-Presse
Posted at Jul 16 06:52 PM

China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of its slowing economy, as the two sides prepare for more talks. Read more »

Philippine shares break into bull market territory with over 20-pct gain

ABS-CBN News
Updated as of Jul 16 12:18 PM

Philippine stocks entered bull market territory, buoyed by expectations of lower interest rates due to cooling inflation and an upbeat outlook for corporate earnings, analysts said Read more »

IKEA closing only US furniture factory, cutting 300 jobs

Agence France-Presse
Posted at Jul 16 06:37 AM

IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective to make the products in Europe and import them.  Read more »

Cash remittances hit $2.6-B in May

ABS-CBN News
Updated as of Jul 15 06:03 PM

This brought cash remittances in the first 5 months of the year to $12.3 billion, 4.5 percent higher than in the same period in 2018.  Read more »

China Q2 GDP grows 6.2 pct year-on-year, in line with expectations

Reuters
Posted at Jul 15 10:53 AM

China's economic growth slowed to 6.2 percent in the second quarter from a year earlier, the weakest pace in at least 27 years, as demand at home and abroad faltered amid an escalating trade war with the United States.   Read more »

China Q2 GDP growth set to slow to 6.2pct, 27-year low, as trade war bites

Kevin Yao, Reuters
Posted at Jul 15 09:17 AM

Policymakers are likely to ratchet up support measures to prevent mass job losses that could pose a threat to social stability, but analysts say the room for aggressive stimulus is limited by fears of adding to already high debt levels and structural risks. Read more »

Trump's favorite parts of US economy are also the weakest

Douglas Gillison, Agence France-Presse
Posted at Jul 14 11:15 AM

Despite punitive tariffs to help skew the playing field in favor of US companies, the very industries Trump has tried to help have become the weakest links in the otherwise solid economy. Read more »

PH marks 3rd anniversary of Hague victory against China

ABS-CBN News
Posted at Jul 13 12:15 AM

But since President Duterte rose to power in 2016, the Philippines and China have been seeing improved relations. Read more »

PH gaming regulator: Offshore gaming here to stay

ABS-CBN News
Posted at Jul 13 12:06 AM

Philippine offshore-gaming operators are poised to deliver more than $400 million in revenue for government as the country takes steps to further boost the fast-growing sector. Read more »

PH shares take last-minute tumble after flirting with 8,200

ABS-CBN News
Posted at Jul 12 11:48 PM

The picture's not much brighter here at home. While Philippine shares made early headway — even flirting with the 8,200 level — it gave up those gains at the close. Read more »

PH should focus on investments amid US-China trade war, says Gordon

ABS-CBN News
Posted at Jul 12 04:17 AM

Senator Richard Gordon said that the government should keep a close eye on the trade war and focus on creating opportunities.  Read more »

US slaps sanctions on Venezuelan counter-intelligence agency

Agence France-Presse
Posted at Jul 12 12:20 AM

WASHINGTON - The United States imposed sanctions Thursday on Venezuela's military counter-intelligence agency, accusing it of torturing and murdering detainees.    Read more »

BSP poised to cut rates to aid growth, keep in step with Fed: HSBC

ABS-CBN News
Updated as of Jul 11 09:55 AM

Gross domestic product growth in the April to June period could fall below 6 percent, as "tepid" imports point to slower than expected infrastructure spending, said HSBC Asia economist Noelan Arbis. Read more »