By Doris C. Dumlao
Global insurance giant Sun Life of Canada sees emerging markets remaining out of flavor this year but the Philippines, backed by much stronger economic fundamentals, is seen in a good position to withstand global financial market volatility.
By Michelle V. Remo
Inflation accelerated in November to its fastest pace in nine months as Supertyphoon “Yolanda” (Haiyan) damaged agriculture and disrupted trade and other business activities in the Visayas.
Tokyo stocks were down 0.74 percent by the break, as Sony shares dived after the electronics giant slashed its full-year outlook.
Tokyo stocks opened 1.28 percent higher on Friday after Wall Street rallied on hopes that Washington might make progress in breaking its on-going budget impasse.
Oil prices rose in Asian trade Friday, with demand boosted by a weaker dollar but lingering concerns over China’s economy capped gains, analysts said.