Asian Business and Economy: Asian Economy

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The Philippines Per Capita GDP Has Reached An All-Time High Under Duterte

Erik De Castro | Reuters Philippine President Rodrigo Duterte The average Filipino is doing better under Duterte. When it comes to Per Capita Gross Domestic Product (GDP), that is. That’s a measure of the total output of a country divided by the number of people in that country....

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Bloomberg: Philippines' Inflation Negative; Weak Peso Benefits Economy

6:08 AM By Makisig Bayani 0 Comment

Source: Bloomberg Business Week Negative Rate Signals Philippines Still Behind the Curve The second rate increase in two months isn’t going to help the beleaguered peso The Philippines stands out as the only country with a negative inflation-adjusted benchmark rate among Asian peers that have raised borrowing costs...

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Hanjin unveils first Philippine-made 180 Meters Kaprijke LPG carrier for Belguim's Savery

11:25 AM By Makisig Bayani 0 Comment

First Philippine Made 180 meters long LPG carrier ship. image: philSTARHanjin unveils first Philippine-made LPG carrierSUBIC BAY FREEPORT, Philippines – Korea’s shipbuilding giant Hanjin Heavy Industry and Construction Co., Ltd.–Philippines (HHIC-Phil) recently unveiled the first-ever Philippine-made Liquefied Petroleum Gas (LPG) carrier.The LPG carrier measures 180 meters in length,...

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The Philippines and KR big winners from China's slowdown but Fearing Investors for MARCOS Jr bid for 2016 Presidency

11:41 AM By Makisig Bayani 0 Comment

The Philippines and South Korea are the big winners from China's slowdownHow panicked were investors last week about China's stock market plunge? Enough to treat the Korean peninsula, a place that was teetering on the brink of war, as a safe haven.Even as policy makers braced for renewed...

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Philippine natural and organic products to be featured in Maryland, USA trade show September

11:00 AM By Makisig Bayani 0 Comment

Nine Philippine companies will be joining the Natural Products Expo East, the largest natural, organic, and healthy products event in the US East Coast, from September 17 to 19 at the Baltimore Convention Center in Maryland. STAR/File photoMANILA, Philippines — Nine Philippine companies will be joining the Natural...

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Silverpack investing ₱500 Million for Philippine plant

10:05 AM By Makisig Bayani 0 Comment

In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region. image: philSTARMANILA, Philippines - Multinational packaging firm Silverpack Sdn Bhd is looking to invest ₱500 million to...

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Philippines Budget Surplus expanded to ₱67.3 Billion Php in May 2015

9:16 AM By Makisig Bayani 0 Comment

PHL budget surplus widens nearly 6 times in MayMore Amid the pressing need to boost public spending to pump-prime the economy, government revenues continued to outpace expenditures for the second month this year. The budget surplus expanded by almost six times to ₱67.3 billion Php in May from...

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Japan agency upgrades PH's credit rating to BBB+

10:18 AM By Makisig Bayani 0 Comment

Japan credit rating agency raises Philippine ratingTHE Philippines has received another credit rating upgrade, which is the highest rating the country has ever achieved.In a report released Monday, Japan Credit Rating Agency Ltd. (JCR) gave the Philippines BBB+ from BBB rating. This was just a notch away from...

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China stock loses $3.2 trillion US Dollars in weeks; Suicide rumor -Economy facing trouble

11:50 PM By Makisig Bayani 0 Comment

A stock investor looks up in a brokerage house in Shanghai. Chinese authorities have launched frantic efforts to shore up plunging stock prices following another 5.7 per cent decline in the country's main market index on Friday. Source: APChinese chaos worse than Greece: Chinese stock market loses $3.2 trillion, authorities...

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Philippine Economy is the Strongest in the World - Findings of Washington USA Think Tank

11:21 PM By Makisig Bayani 0 Comment

Philippines has most resilient economy – study (CNN Philippines) — Should an economic crisis akin to last decade's Great Recession happen again, the Philippines would be the most "resilient" country and be able withstand it, despite its status as an emerging-market economy. That's the assessment of Center for...

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Philippines to attain 7 to 8% economic growth in 2015: central bank

1:16 AM By Makisig Bayani 0 Comment

MANILA, Philippines (Xinhua) - Governor of central bank Amando M. Tetangco, Jr. said today that the government's 7 to 8 percent economic growth target in 2015 is attainable.This is because "domestic demand remains firm and supported by brewing production efficiency and robust labor market dynamics," Tetangco said during...

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Infographic: Philippines among world's fastest-growing economies 2015

8:42 PM By Makisig Bayani 0 Comment

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MANILA, Philippines — Business news network Bloomberg surveyed top economists around the world who projected 10 economies to have the highest gains in growth in 2015. While the world is expected to grow by 3.2 percent this year, Asian and African economies will pick up faster than those...

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Philippines Buys Back $1.3 Billion Worth of Overseas Bonds

1:32 AM By Makisig Bayani 0 Comment

The Philippine Finance Secretary Cesar Purisima said Saturday (October 15, 2011) that the government's successful buyback of some foreign-currency sovereign bonds should help the country's cause to win investment-grade ratings from credit agencies.Around $2.2 billion of the eligible $17.7 billion of global and euro bonds have been offered...