4,553 guests

Business

Global markets pressured by North Korea fears

  • Written by
  • Read: 130 times
NEW YORK (AFP) - European and Asian equity markets were mostly lower Friday on the back of simmering tensions between the United States and North Korea, but firmer prices on Wall Street helped put a floor under the losses in…

Q2 GDP growth seen at 6.5%-7%

The Philippine economy likely grew faster in the second quarter, possibly between 6.5 percent and 7 percent, on the back of higher infrastructure investments and consumer spending. “I think it would be better than the first quarter. I have a…

Japanese investors still bullish on PH

Japanese investors remain confident in doing business in the Philippines, Department of Trade and Industry Secretary Ramon Lopez said Wednesday. "There's strong confidence on the current administration and the good growth momentum anchored on positive economic reforms and fundamentals," Lopez…

Full insurance for passengers, drivers vowed

Grab reiterated it is willing to take accountability over the rides that passengers and partners book on its platform. In a statement, the transport network company said it has its own third party private insurance that covers all its transport…

Globe to disburse Q3 cash dividend

The board of Globe Telecom has approved the third quarterly distribution of cash dividend of P22.75 for holders of its common shares. The dividend payout comes as Globe has posted record highs in its revenues for the first half of…

Near- term potential growth within reach

The International Monetary Fund remains optimistic on the Philippine economy’s output in the near term amid the recent cut of its 2017 growth forecast to 6.6 percent from 6.8 percent. Luis E. Breuer attributed this to the slower domestic expansion…

Diokno vows to institute reforms

Budget and Management Secretary Benjamin Diokno stressed the government’s commitment to ensure sustained growth of the Philippine economy through the various reforms and new initiatives on infrastructure investments, among others. “Rest assured that the Department of Budget and Management remains…

JICA seeks deeper ties with ASEAN

The Japan International Cooperation Agency is seeking to deepen cooperation and partnership with the Association of South East Asian Nations including the Philippines, which it acknowledged as "showcase models of the solid development cooperation." “Our bilateral ties are not purely…

Japan to ASEAN: Promote free trade

Japan has called on the ASEAN member states to counter protectionism policies in some parts of the world by promoting free trade in the region. In a press briefing of Japanese Foreign Ministry Deputy Press Secretary Toshihide Ando here Sunday…

ASEAN economic outlook still upbeat

Economic forecast for ASEAN in the near-term remains optimistic, IHS Markit Asia Pacific Chief Economist Rajiv Biswas said Monday. Biswas attributed the optimistic outlook for the region to the continuous robust economic growth of Vietnam, the Philippines, Myanmar, Laos, and…

Bizmen told: Play fair or face hefty fines

The Philippine Competition Commission on Thursday reminded businesses to comply with the provisions of the Philippine Competition Act or face hefty fines and penalties. PCC chairperson Arsenio Balisacan, in a press briefing in Malacañan, said that with the transitory period…

StanChart cuts Ph growth forecast

Lower-than-expected growth of the Philippine economy in the first quarter of 2017, at 6.4 percent from quarter-ago’s 6.6 percent, made Standard Chartered Bank cut its full year forecast for the country but expects better output in the second half of…

No rush to prepay PH debt

National Treasurer Rosalia De Leon said the Philippine government will not be aggressive in prepaying its foreign currency- denominated debts solely because of hikes in U.S. interest rates. She told PNA that movements in interest rates will not have immediate…

GDP growth to exceed 6.4% in H2

The Philippine economy is projected to accelerate in the second half of 2017 better than previous quarter’s 6.4 percent, buoyed by the one-month uptick in government spending and robust consumer spending, said analysts at First Metro Investment Corp. “To be…

MBC lauds PRRD’s focus on tax reform

The Makati Business Club welcomed President Rodrigo Duterte’s emphasis on tax reform program and education as well as other initiatives that will back the country’s strong economic growth. “MBC welcomes the President’s emphasis on tax reform, education, infrastructure, and commitment…
Subscribe to this RSS feed