News

Talking trade expansion and work opportunities while enjoying Emirati Cuisine

ABS-CBN News
Posted at Sep 21 04:36 PM

Annalisa Burgos gets introduced to Emirati cuisine while speaking with the UAE ambassador to the Philippines Hamad Saeed Alzaabi about expanding trade & tourism and why Filipinos love to work in the United Arab Emirates. Read more »

IMF warns tariffs could come at 'significant economic cost'

Agence France-Presse
Posted at Sep 20 11:43 PM

Worsening trade tensions and exchange of tariffs could cause "significant economic cost" to the global economy, an International Monetary Fund spokesman warned Thursday. Read more »

Jack Ma: Prepare for 20 years of China-US trade war

Reuters
Updated as of Sep 20 12:55 PM

The economic situation is not good, and that could last for a long time, Ma said at the World Economic Forum in Tianjin. Read more »

Japan's Abe to face Trump trade challenge after likely win in party vote

Linda Sieg and Leika Kihara, Reuters
Posted at Sep 20 08:23 AM

Prime Minister Shinzo Abe was expected to win a ruling party leadership vote on Thursday, setting him on track to become Japan's longest-serving premier and try to cement his legacy, including by revising the pacifist constitution. Read more »

'More work' to get a continental trade deal: Trudeau

Michel Comte, Agence France-Presse
Posted at Sep 20 07:14 AM

There is still a way to go to reach a new North American Free Trade Agreement, Canada's prime minister said Wednesday, brushing off US pressure for a quick deal as high-level talks resumed in Washington. Read more »

Taas-presyo ng hotdog, siomai, pinangangambahan

ABS-CBN News
Updated as of Sep 19 10:02 PM

Ayon sa mga grupo, nasa P7 hanggang P20 ang puwedeng imahal ng kalahating kilo ng hotdog kapag napasa ang rice tariffication bill.  Read more »

PH posts $1.27-B balance of payments surplus in August: BSP

ABS-CBN News
Updated as of Sep 19 07:46 PM

The Philippines posted a balance of payments (BOP) surplus of $1.27 billion in August 2018, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Asian firms' confidence sinks to near 3-year low on trade war fears: poll

Gayatri Suroyo, Reuters
Posted at Sep 19 03:40 PM

Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before. Read more »

US consumers may bear brunt of Trump's tariffs

Delphine Touitou
Posted at Sep 19 10:18 AM

Shampoo and furniture. Vacuum cleaners, handbags and mobile phones. Half of everything Americans buy from China will by Monday be subject to 10 percent levies, rising to 25 percent about 3 months later. Read more »

Global markets take trade war escalation in stride

Agence France-Presse
Posted at Sep 19 08:18 AM

European stocks only briefly turned lower after China retaliated to the latest US sanctions, while Wall Street stocks spent the entire day in the green, viewing the latest escalation of the US-China trade war as less consequential than feared. Read more »

Apple escapes China tariff hit for now, but threats loom

Rob Lever, Agence France-Presse
Updated as of Sep 19 08:14 AM

US officials on Monday slapped the tariffs on $200 billion of Chinese imports, but skipped consumer electronics like smartwatches and Bluetooth devices, in a reprieve for firms like Apple and fitness tracker maker Fitbit. Read more »

China slaps retaliatory tariffs on $60-B of US goods

Reuters
Posted at Sep 18 10:55 PM

China will levy tariffs on about $60 billion worth of US goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products.   Read more »

DTI hinikayat ang maagang paghahanda para sa Pasko

ABS-CBN News
Updated as of Sep 18 11:03 PM

Hinikayat ang publiko na magsimula nang mamili para sa mga ihahanda sa darating na Pasko dahil sa pinangangambahang pagtaas ng presyo ng mga bilihin.   Read more »

Trump hits China with tariffs on another $200 billion in goods

Heather Scott, Agence France-Presse
Posted at Sep 18 08:15 AM

Trump said China had refused to change the unfair practices that hurt US businesses and workers. Read more »

Food Diplomacy: Singapore

ABS-CBN News
Updated as of Sep 18 06:31 AM

Singapore's ambassador to the Philippines, Kok Li Peng, welcomes Annalisa Burgos to her home where they discuss trade and labor migration over the Southeast Asian city-states signature dishes. Read more »

China will hit back at any new US tariffs: ministry

Agence France-Presse
Posted at Sep 17 08:36 PM

China's foreign ministry said Monday it would strike back at the US if Washington moved forward with new tariffs on $200 billion of its exports. Read more »

Presyo ng mga gulay mula Benguet, doble ang itinaas

ABS-CBN News
Updated as of Sep 17 08:43 PM

Matapos ang pananalasa ng bagyong Ompong, halos doble ang itinaas ng mga presyo ng mga gulay mula Benguet na itinitinda sa ilang pamilihan sa Metro Manila. Read more »

China may reject new trade talks if more tariffs imposed: WSJ

Reuters
Posted at Sep 17 07:36 AM

The US had proposed the talks, but at the same time moved forward with planning additional tariffs on some $200 billion of Chinese products, the Journal reported. Read more »

Trump to announce fresh China tariffs: Wall Street Journal

Reuters
Posted at Sep 16 06:32 AM

The tariff level will likely be about 10 percent, below the 25 percent announced when the administration first said it was considering this round of tariffs, the newspaper said, quoting people familiar with the matter. Read more »

China economy shows weakness as investment growth hits new low

Agence France-Presse
Posted at Sep 14 02:55 PM

China's National Bureau of Statistics, which released the new data Friday, said the trade spat has had a limited effect on economic data so far. Read more »