News

Philippines 'sort of insulated' from US-China trade war, says Dominguez

Michelle Ong, ABS-CBN News
Posted at Apr 13 06:01 PM

MANILA - Finance Secretary Carlos Dominguez III on Friday said the Philippines is somehow "insulated" from the effects of looming trade retaliations between China and the US due to the "robust" local market. Read more »

Duterte back in PH with $9 billion China deals

Davinci Maru, ABS-CBN News
Posted at Apr 13 03:42 AM

MANILA - President Rodrigo Duterte arrived in Davao City Friday dawn following his four-day visit in China and Hong Kong. Read more »

World Bank expects PH economy to sustain growth in next 2 years

ABS-CBN News
Posted at Apr 13 12:54 AM

While the Philippine economy is expected to sustain its growth in the next two years, the World Bank warns a possible US-China trade war could harm its growth.  Read more »

Global trade growth strong but at risk if spats escalate, WTO says

Tom Miles, Reuters
Posted at Apr 12 06:22 PM

World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Read more »

China says Xi pledge to open economy unrelated to US trade spat

Agence France Presse
Posted at Apr 12 05:12 PM

China denied President Xi Jinping's pledge to further open the country's economy amounts to concessions in a trade spat with the United States, and warned it was ready to hit back at any new US protectionist moves. Read more »

Philippines Q4 2017 growth lowered to 6.5 pct

ABS-CBN News
Posted at Apr 12 04:05 PM

The Philippine Statistics Authority (PSA) on Thursday said it revised the economic growth figures for the last quarter of 2017, lowering it from 6.6 percent to 6.5 percent.  Read more »

Arroyo eyes economic cooperation amid trade protectionism trend

RG Cruz, ABS-CBN News
Posted at Apr 12 03:15 PM

MANILA- Former President, now Pampanga 2nd district Rep. Gloria Macapagal Arroyo said she eyes areas of cooperation between economies amid the trend of protectionism in international trade. Read more »

Darkness and light

Noel Celis, AFP
Posted at Apr 12 11:49 AM

Traffic builds up adjacent to the MRT-7 construction site along Commonwealth Avenue in Quezon City Wednesday. Read more »

ADB says PH entering 'golden age of economic growth'

ABS-CBN News
Posted at Apr 12 12:58 AM

The Asian Development Bank said the Philippines is entering a golden age of economic growth even as the country's trade deficit continues to widen. Read more »

ADB forecasts solid, slightly lower growth in developing Asia

Kyodo News
Posted at Apr 11 10:15 PM

The Asian Development Bank forecast Wednesday that economic growth in developing and newly industrialized economies of Asia and the Pacific will remain solid in 2018 and 2019, albeit slightly lower than last year. Read more »

More open China could come with 'diplomatic consequences': analyst

ABS-CBN News
Updated as of Apr 11 04:14 PM

A more open China could be a "huge positive" for emerging markets in Asia but it might also come with "diplomatic consequences," an analyst said on Wednesday.  Read more »

PH trade deficit widens as exports fall, imports rise double-digit

ABS-CBN News
Updated as of Apr 11 04:33 PM

The Philippine trade deficit reached $3.06 billion in February according to the exports and imports data released by the Philippine Statistics Authority on Wednesday. Read more »

ANALYSIS: Can Mindanao lead the Philippines’ future growth?

Jose Galang — Your Business
Posted at Apr 10 07:42 PM

Armed conflict and poor governance have connived to prevent Mindanao’s economy to keep in step with growth in the rest of the Philippine archipelago over the past several decades. Read more »

Duterte thanks 'sovereign equal' China for infra, anti-terror aid

Dharel Placido, ABS-CBN News
Posted at Apr 10 12:40 PM

President Rodrigo Duterte on Tuesday spoke before a gathering hosted by Chinese President Xi Jinping and hailed Beijing as a "sovereign equal" that is helping him rebuild the country's infrastructure and fight terrorism. Read more »

Ex-envoy fears PH headed to Chinese debt trap

ABS-CBN News
Posted at Apr 10 10:06 AM

A former ambassador on Monday said he fears the Philippines is headed to a debt trap as the country seeks for more Chinese loans to boost the administration's P8-trillion infrastructure push in the next 4 years. Read more »

Saudi Arabia seeks French help for music, opera and cinema

Anuj Chopra and Adam Plowright, Agence France-Presse
Posted at Apr 10 07:33 AM

Saudi Arabia will employ French expertise to set up a national opera and orchestra, under an agreement signed Monday during a visit to Paris by the kingdom's modernizing Crown Prince Mohammed bin Salman.  Read more »

Duterte, Xi meeting seen to focus on improved economic cooperation

ABS-CBN News
Posted at Apr 08 03:34 PM

President Rodrigo Duterte and Chinese President Xi Jin Ping will focus on how to speed up the two countries' economic cooperation when the two meet in a forum in China this week, an Asian think tank said Sunday. Read more »

ASEAN confident of growth despite trade tensions

Agence France-Presse
Posted at Apr 06 10:54 PM

Southeast Asia will maintain robust economic growth despite rising tensions as tit-for-tat tariffs between the U.S. and China stoke fears of a damaging trade war, regional finance ministers said Friday. Read more »

Inflation accelerates to 4.3 percent in March

ABS-CBN News
Posted at Apr 05 09:46 AM

Inflation picked up further to 4.3 percent in March due to higher prices of food, beverages, tobacco, utilities, the Philippine Statistics Authority said Thursday. Read more »

Philippines can meet income status goals

ABS-CBN News
Posted at Apr 03 11:31 AM

The Philippines will reach upper middle income status "much earlier" than 2022 as programmed, with reforms laid out to drive faster growth in the economy, officials said Tuesday.   Read more »