Economy
ARTICLE FINDER

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

New milestone as Philippine stocks breach 8,300 mark

Sep 21, 2017 - 6:50 PM

Ignoring the political noise in the country, investors mainly react to the US Federal Reserve's expected rate decision later in the year

ON A ROLL. At the close of Thursday’s trading, the PSEi is at 8,286.86 points, up by 67.54 or 0.8% from Wednesday’s close. All sectoral indices also ended higher with the Holding Firms and Industrial counters up the most, gaining 1.3% and 1%, respectively. Photo from PSE

S&P cuts China's debt rating over 'financial risks'

Sep 21, 2017 - 5:25 PM

S&P, which downgraded China's debt from AA- to A+, is the second major credit ratings agency to slash the Asian giant's rating

This photo taken on April 25, 2017 shows a general view of the central business district in Beijing. Nicolas Asfouri/AFP

Landmark EU, Canada trade deal enters into force

Sep 21, 2017 - 12:17 PM

Observers have said the Comprehensive Economic and Trade Agreement (CETA) could set a model for future ties between Britain and the EU after Brexit

This file photo taken on September 20, 2016 shows a man holding a placard depicting a no entry sign with the TTIP and CETA logos, during a demonstration outside the European Union headquarters in Brussels. John Thys/AFP

PH stocks break 8,200 level, post 3rd straight all-time high

Sep 18, 2017 - 8:35 PM

Local stocks post a new milestone just before the Chinese ghost month ends on Tuesday, September 19

NEW MILESTONE. On Monday, September 18, the Philippine Stock Exchange index (PSEi) close at a record high of 8,294.14, up by 113.29 points or 1.4% from Friday, September 15. Photo courtesy of PSE

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

Drug war, Maute terrorists 'rising' risks for Philippines – Moody's

Sep 16, 2017 - 6:17 PM

Moody's also cited "continued uncertainties" over Duterte's proposed comprehensive tax reform law that Congress had yet to pass

DRUG WAR. 3 suspected drugs personalities were apprenhended by cops while 3 others died after a shootout in Maypajo, Caloocan City on September 30, 2016. Photo by LeAnne Jazul/Rappler

August net outflows hit $58M as ghost month begins

Sep 14, 2017 - 8:40 PM

Tensions between the US and North Korea mixed Q2 corporate results and political developments also contribute to investor hesitancy according to the Bangko Sentral ng Pilipinas

Philippine stocks post all-time high amid upbeat U.S. market

Sep 14, 2017 - 5:10 PM

UPDATED Aside from upbeat US data there is one foreign broker who released a buy recommendation on Philippine property shares says an analyst

RECORD HIGH. The PSEi closed at 8,144.91, up by 91.03 points or 1.13% from Wednesday, September 13's close. Photo from PSE

UN urging temporary protection in LatAm for fleeing Venezuelans

Sep 14, 2017 - 2:13 PM

The UN migration agency is urging Latin American countries hosting growing numbers of Venezuelans fleeing economic crisis to give them temporary rights to stay

BORDER CROSSING. Venezuelan citizens cross the Simon Bolivar international bridge from San Antonio del Tachira, Venezuela to Cucuta, Norte de Santander Department, Colombia, on July 25, 2017. Luis Acosta/AFP

UN unanimously backs new sanctions on North Korea

Sep 12, 2017 - 7:35 AM

The resolution caps tough negotiations during which the United States dropped initial demands for a full oil embargo and a freeze on the foreign assets of North Korean leader Kim Jong Un in a bid to win support from China and Russia

The Security Council unanimously adopts resolution 2375 (2017), condemning the sixth nuclear test of the Democratic People'€™s Republic of Korea (DPRK), and extending the targets and scope of the sanctions regime imposed on that country, September 11, 2017 at the United Nations, New York. UN Photo/Mark Garten

Marcos plundered to 'protect' the economy? Makes no economic sense

Sep 11, 2017 - 11:00 AM

Let’s not sugarcoat it: what the Marcoses did was quite possibly the biggest presidential plunder in history

How the kafala system enslaves workers in Qatar

Sep 09, 2017 - 5:00 PM

In the Middle East, an unregulated labor market gives employers so much control over workers but limits workers from airing grievances and complaints

The workers make a queue to go to the stadium to see the final of the Workers cup 2016. It's their main entertainment in the whole year. Photo by OM

Consumer confidence declines in PH during Q3 2017

Sep 08, 2017 - 8:53 PM

The Philippines central bank reports the latest overall index remains the 2nd highest since the survey was launched in 2007

WATCH: A look inside Qatar's labor camps

Sep 07, 2017 - 7:59 PM

Majority of Qatar's migrant labor force live inside camps set up far away from the city center

Australia economy strengthens after weak start to year

Sep 06, 2017 - 11:53 AM

Economic growth for the second quarter was 0 8 after 0 3 in January March to take the annual rate of expansion to 1 8 the Australian Bureau of Statistics says

A man walks past the Reserve Bank of Australia sign in Sydney on June 6, 2017. William West/AFP

Inflation rises to 3.1% in August

Sep 05, 2017 - 5:40 PM

The National Economic and Development Authority attributes the increase to higher prices of food transportation water electricity and gas

BRICS leaders 'strongly deplore' North Korea nuclear blast

Sep 04, 2017 - 8:27 AM

UPDATED BRICS is already struggling to live down doubts about its own cohesion that have spiked since nuclear armed China and India engaged in a protracted standoff over a disputed Himalayan region

Delegates arrive prior to the opening ceremony of the BRICS Business Forum in Xiamen, Fujian province on September 3, 2017. Fred Dufour/Pool/AFP

U.S. warns North Korea of 'massive military response' after nuke test

Sep 04, 2017 - 7:31 AM

US Defense Secretary Mattis: We are not looking to the total annihilation of a country namely North Korea But as I said we have many options to do so

PUBLIC ANNOUNCEMENT. Residents watch a big video screen on Mirae Scientists Street in Pyongyang showing newsreader Ri Chun-Hee as she announces the news that the country has successfully tested a hydrogen bomb on September 3, 2017. Kim Won-Jin/AFP

EU warns Britain to 'start negotiating seriously'

Aug 28, 2017 - 10:23 AM

3rd UPDATE The EU says there has to be sufficient progress in 3 key areas – EU citizen rights Northern Ireland s border and the exit bill – before it can consider London s demand for talks on future ties in October

In this file photo, British Secretary of State for Exiting the European Union (Brexit Minister) David Davis (L) is watched by European Union Chief Negotiator in charge of Brexit negotiations with Britain Michel Barnier during a press conference at The European Union Commission Headquarters in Brussels on July 20, 2017. Thierry Charlier/AFP

Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results

Aug 21, 2017 - 6:10 PM

The global financial services giant now expects the Philippines gross domestic product to grow faster at 6 1 instead of 6 this year

STRONGER. The upgrade is a result of a better-than-expected 2nd quarter 2017 results. Rappler file photo

Gov't spending, agriculture lift Philippine GDP in Q2 2017

Aug 17, 2017 - 8:50 PM

Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging

Malacañan Photo

Uber, Gross Domestic Product, Chinese tourists | Midday wRap

Aug 17, 2017 - 12:39 PM

Watch the midday newscast with Marguerite de Leon

U.S. in 'economic war' with China, says Trump strategist Bannon

Aug 17, 2017 - 10:45 AM

In a frank freewheeling telephone interview with the website American Prospect Steve Bannon also talks about the infighting in the White House

TOP AIDE. In this file photo, Stephen Bannon, White House Chief Strategist, at the East Room of the White House in Washington, DC, March 17, 2017. Saul Loeb/AFP

Philippine GDP grows faster by 6.5% in Q2 2017

Aug 17, 2017 - 10:10 AM

3rd UPDATE The 6 5 growth in GDP places the Philippines ahead of ASEAN nations that have released their 2nd quarter figures but it is still behind China

Warning from history: Could Japan-style crash hit China?

Aug 16, 2017 - 1:32 PM

China is starting to look like Japan before its economic bubble burst in the early 90s – but China is not a mirror image of Japan 30 years ago

An investor looks at an electronic board showing stock information at a brokerage house in Shanghai on March 16, 2017. Johannes Eisele/AFP

Japan economy posts longest expansion in over a decade

Aug 14, 2017 - 9:40 AM

The growth in Japan s GDP – 4 0 at an annualized rate – blew past market expectations for a 0 6 rise and was well up from a 0 4 expansion in the first quarter

A general view shows the skyline of Shinjuku in Tokyo on August 13, 2014. Kazuhiro Nogi/AFP

Credit Suisse expects slower PH GDP growth in Q2

Aug 11, 2017 - 1:38 PM

The Philippines GDP growth has been on the downtrend since the 4th quarter of 2016

ON A DOWNTREND. Credit Suisse expects Philippine economic growth to be on a downtrend. Rappler photo

IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

With the Philippine Competition Act, every Juan wins

Aug 07, 2017 - 12:19 PM

With competition in the marketplace the consumer wins How?

U.S. and China pressure North Korea after sanctions vote

Aug 06, 2017 - 7:10 PM

US Secretary of State Rex Tillerson is encouraged by the vote but warns Washington would closely watch China North Korea s biggest trade partner

US Secretary of State Rex Tillerson (L) speaks as South Korean Foreign Minister Yun Byung-Se (R) looks on during a press conference in Seoul on March 17, 2017.  Military action by the United States against nuclear-armed Pyongyang was an "option on the table", Washington's top diplomat said on March 17 after visiting the Demilitarised Zone that divides the two Koreas. / AFP PHOTO / POOL / JUNG YEON-JE

UN to vote on tougher North Korea sanctions

Aug 05, 2017 - 4:23 PM

The draft resolution calls for a ban on all exports of coal iron and iron ore lead and lead ore as well as fish and seafood by the cash starved state

BORDER CROSSING. The Chinese and North Korean flags attached to a railing as trucks carrying Chinese-made goods cross into North Korea on the Sino-Korean Friendship Bridge at the Chinese border town of Dandong on December 18, 2013. Mark Ralston/AFP

Philippine inflation in July edges up

Aug 04, 2017 - 6:15 PM

BSP Governor Nestor Espenilla Jr says the central bank continues to see a manageable inflation outlook over the policy horizon

WITHIN TARGET. The July 2017 inflation remains below the midpoint of the 2% to 4% target set by the Bangko Sentral ng Pilipinas (BSP). Rappler image

For Pakistanis, China 'friendship' road runs one way

Aug 02, 2017 - 1:46 PM

For China the two lane thoroughfare symbolizes a blossoming partnership but for many Pakistani businessmen living and working on the Chinese side of the border the road is a one way street

LONG WAY. This picture taken on June 27, 2017 shows a truck driving along the China-Pakistan Friendship Highway before the Karakorum mountain range near Tashkurgan in China's western Xinjiang province. Johannes Eisele/AFP

Standard Chartered cuts Philippine GDP forecast

Aug 01, 2017 - 8:05 PM

The bank slashes its forecast to reflect the disappointing GDP expansion in the 1st quarter of the year which was largely due to weak investment growth

STILL FASTEST? The projected GDP growth for the Philippines this 2017 would be faster than Stanchart's 2017 outlook for Vietnam (6.4%), Indonesia (5.2%), Malaysia (4.6%), Thailand (3.5%), Singapore (2%), and Taiwan (1.9%). Rappler file photo

Qatar files WTO complaint over Gulf trade 'siege'

Aug 01, 2017 - 9:46 AM

Qatar: The complaint accuses the siege countries of violating the WTO s core laws and conventions on trade of goods and services and trade related aspects of intellectual property

CLOSED BORDER. A general view of the Qatari side of the Abu Samrah border crossing with Saudi Arabia on June 23, 2017. Karim Jaafar/AFP

Duterte infra: Bigger, more imperial and China-linked

Jul 30, 2017 - 1:00 PM

With increased ambition could there also be more risk?

BUILD, BUILD, BUILD. Workers are seen on scaffolding at a construction site for an expressway in Manila on March 8, 2017. Noel Celis/AFP

Trump hails $10B investment from Apple supplier Foxconn

Jul 27, 2017 - 11:24 AM

The businessman turned president made the announcement side by side with the Taiwanese tech giant s CEO Terry Gou as he tried to show his America First economic rhetoric is making a difference

US President Donald Trump shakes hands with Terry Gou (C), Chairman of Foxconn, an electronics supplier, during an announcement that the company will open a manufacturing facility in Wisconsin, during an event in the East Room of the White House in Washington, DC, July 26, 2017. Saul Loeb/AFP

Britain plans bigger role in Asia post-Brexit – Johnson

Jul 27, 2017 - 9:51 AM

Foreign Secretary Boris Johnson says Brexit has given Britain the opportunity to think afresh about its international role while maintaining close ties with its European partners

The British flag (L) is seen along with the European Union flag (R) at the European Union Commission headquarters in Brussels on June 28, 2016. Thierry Charlier/AFP

Tunnel visions: China bets big on subways as cities expand

Jul 21, 2017 - 11:21 AM

The massive shift of humanity to Chinese cities is driving an unprecedented subway construction boom

SUBWAY BOOM. This picture taken on July 19, 2017 shows commuters in the morning rush hour on line 2 of the Shanghai Metro in Shanghai. Johannes Eisele/AFP

Strong export demand to lift Asian economies – ADB

Jul 20, 2017 - 1:31 PM

Surging global demand for Asian exports and low oil prices will help China and the region s developing economies grow faster than expected this year and next

LOADING CARGO. In this file photo, a worker (C) monitors as containers are lifted onto a trailer at Keppel port terminal in Singapore on January 18, 2016. Roslan Rahman/AFP

China's Xi calls for more imports and more 'open economy'

Jul 18, 2017 - 3:58 PM

Speaking to a Communist Party committee on financial and economic affairs Xi calls for expanding imports while stabilizing exports state media report

POWERING UP. Workers check power lines during maintenance work in Laian, in China's eastern Anhui province on July 17, 2017. Stringer/AFP

OFW cash remittances rebound to hit $2.31B in May

Jul 17, 2017 - 9:00 PM

Total cash remittances are up 4 5 for the first 5 months of the year totaling 11 346 billion

China's economy posts steady growth but risks remain

Jul 17, 2017 - 10:44 AM

Authorities warn that the world s second largest economy faces external and internal risks

In this file photo, the skyline of the Lujiazui Financial District in Pudong, Shanghai is seen moments before its lights turned off for the Earth Hour environmental campaign on March 25, 2017. Johannes Eisele/AFP

The PH economy under Duterte’s watch (Year 1)

Jul 15, 2017 - 5:00 PM

Only time will tell the impact of such sweeping policies on growth inflation and unemployment But before they cause any irreversible damage to our economy their rationale and effectiveness should not escape scrutiny today

FDI net inflows down 61.1% to $874M in April

Jul 10, 2017 - 6:00 PM

The net inflows total 2 4 billion for January to April this year down 32 compared to the 3 6 billion in the same period a year ago

Change is wanting: Dutertenomics and foreign policy

Jul 10, 2017 - 10:30 AM

Despite positive efforts the President has also tried but failed to recalibrate our dependent neocolonial relations with the US and appears intent on merely replicating the same with China and Russia

A crisis without end? Gulf states settle in for the long haul

Jul 09, 2017 - 1:09 PM

Hopes of a swift resolution seem as remote as a summer downpour in the desert

LEADER. A young boy poses for a photo after writing a comment on a wall bearing a portrait of Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, which has become the symbol of Qatari resistance during the month-long row between Doha and neighboring countries, in Doha, Karim Jaafar/AFP

GGG vs PPP

Jul 06, 2017 - 8:32 AM

Similar to the past there are internal battles being fought as regards the right balance between state and market

First Metro, UA&P lower Philippine GDP forecast due to slow spending

Jul 05, 2017 - 8:05 PM

Economists express concern over infrastructure projects warning that changing modes of implementation midway would lead to delays and slower growth

FORECAST. First Metro and UA&P have trimmed their Philippine economic growth forecast for 2017