Share  Following the announcement of unexpected Philippine economy growth for the first half this year, Citigroup expressed skepticism saying that the country’s gross domestic product (GDP) would slow down this second half to 5.6 percent. Citigroup economist Jun Trinidad said Thursday that the Philippines would have a moderate downtrend [Read more]

Share For a fourth-straight session Friday, Hong Kong stocks went down 0.16 percent as traders were not able to shrug off worried over the global economy. Hang Seng Index, Hong Kong’s benchmark has dropped 34.14 points to 21,071.57. Turnover was 57.69 billion Hong Kong dollars (7.40 billion US). As for Chinese shares, it closed up [Read more]

Share After the speech of President Benigno Aquino III, his first State of the Nation Address (Sona) which according to  some traders, somewhat heightened  market confidence in the Philippine economy. The peso was up by 17 centavos on Monday.   The local currency closed at 46.145 against the US dollar, adding  17 centavos from [Read more]

Share After Intel Corp. reported their record second quarter profit and Singapore raised its 2010 economic growth forecast, Philippine stocks rose on Wednesday despite tropical storm Basyang. The PSEi or Philippine Stocks Exchange index gained 36.48 points or 1.06 percent to 3,472.33 points. This records a new high since closing at 3,447.29 last [Read more]

Share RP’s stock market closed on a positive note for three consecutive trading days as financial investors welcomed the news on financial reform measures to be pushed by some legislators of the 15th Congress. The Philippine Stock Exchange index gained by 14.37 points or 0.43 percent to 3,350.08 points on Wednesday after losing approximately [Read more]

Share   Local stocks slowed down as uncertainties in the world market, triggered by the increase in US private payrolls at a much slower pace than market expectations and Moody’s warning of a sovereign credit downgrade on Spain, arises. Share [Read more]

Share “This will be a full court press and we will be unrelenting until we achieve a tax effort that is commensurate with what the legal system provides for.” Share [Read more]

Share   KUALA LUMPUR, Malaysia — Oil prices rose above $78 a barrel Tuesday in Asia, spurred by bargain hunting amid a weaker dollar and after gains in European shares. Benchmark crude for February delivery was up 35 cents to $78.35 a barrel in electronic trading at early afternoon Kuala Lumpur time on the New [Read more]

Share Remittances of Filipinos abroad up 11.3% in Nov. Millions of Filipinos abroad sent home $ 1.46 billion in November, up 11.3 percent from year earlier, strengthened by the extra transfers of funds to help families affected by typhoons. According to Central Bank, the November figure brings total remittances for the first 11 months of [Read more]