The Philippines

Philippine Economy News

'Insulting' letter from HK is breach of protocol, says expertFriday, September 10, 2010 @ 12:42PMThe "insulting" letter from the government of Hong Kong pertaining to the hostage tragedy in Manila violates the protocol on international affairs, according to an expert.

Plastic bag holiday proposed for Quezon CityFriday, September 10, 2010 @ 11:56AMA QUEZON City councilor has proposed the setting aside of a “plastic bag holiday” or a whole day ban on plastic bags every first and last Friday of the month in the city.

Carcar fights back for its historic housesFriday, September 10, 2010 @ 11:36AMCARCAR, 40 kilometers south of Cebu City, is a living and bustling city that is known to have the largest number of heritage structures in Cebu province.

Emerging Asia to weather global economic slowdownFriday, September 10, 2010 @ 11:30AMSTRONG MOMENTUM as reflected by robust second-quarter economic growth would help emerging Asia weather a continuing US-led global slowdown, according to American investment bank Merrill Lynch.

Rate hikes to wait till next year -- analystsFriday, September 10, 2010 @ 11:22AMTHE BANGKO Sentral ng Pilipinas (BSP) is unlikely to raise interest rates this year, even as two consecutive quarters of strong economic growth -- amounting to 7.8% and 7.9% in the first and second quarters, respectively -- may add pressure to start normalization of this aspect of monetary policy by early-2011, analysts said.

PNoy buoyed by local stocks' all-time highFriday, September 10, 2010 @ 6:13AMAfter Philippine stocks soared to an all-time high on Thursday, President Benigno Simeon "Noynoy" Aquino III said he is confident that the country's economy will recover from the impact of the August 23 hostage crisis on tourism.

Bourse ignores hostage fiasco; shares rally to an all-time highFriday, September 10, 2010 @ 2:24AMTHE benchmark stock index surged to a record Thursday, and the peso touched a two-year high after an unexpected pickup in exports, brightening the economic outlook and spurring inflows.

Asian Currencies Set for Weekly Gains, Led by Baht, Won, on Stock InflowsFriday, September 10, 2010 @ 12:57AMAsian currencies rose this week, led by the Thai baht and South Korea’s won, as the world’s fastest economic growth drew funds to the region and data in the U.S., China and Japan brightened the outlook for exports.

Gov’t debt rose to P4.582T in JuneThursday, September 9, 2010 @ 12:00PMTHE GOVERNMENT’S debt stock rose to P4.582 trillion in June, increasing by P28 billion, or 0.6 percent, from May due to a weakened peso and net issuance of government debt paper, the Bureau of the Treasury said Thursday.