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Bullish economy reminiscent of pre-1997 crisis

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(First of three parts) Fund managers around the world have dubbed the Philippines the newest “tiger economy” of Asia. And for good reason. The latest government data showed the economy roaring ahead at its most vibrant pace in decades. In fact, the country’s growth—measured by the rise in the gross domestic product (GDP)—is one of [...]

Posted: December 25th, 2012 in Editor's Pick,Headlines | Read More »

Eurozone crisis may disrupt Asia’s growth momentum

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A man walks past one of the many pawn shops that have opened in debt-crippled Greece over the past three years in central Athens on Nov. 26, 2012. The Philippines and other economies in the Asia-Pacific will definitely expand next year but way below their growth potential because of the ongoing crisis in the eurozone.  AP PHOTO/PETROS GIANNAKOURIS

The Philippines and other economies in the Asia-Pacific will definitely expand next year but way below their growth potential because of the ongoing crisis in the eurozone.

Posted: December 12th, 2012 in Latest Business Stories | Read More »

Finance leaders to address global economic threats

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In this Monday, October 8, 2012, file photo, people hang out at the venue of the IMF meeting in Tokyo. When global finance ministers meet this week in Tokyo, they'll confront a triple challenge: Economic troubles in three major regions are threatening the world's economy. AP/Junji Kurokawa

When global finance ministers meet this week in Tokyo, they’ll confront a triple challenge: Economic troubles in three major regions are threatening the world’s economy.

Posted: October 11th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Economic crisis to cut aid flow to Philippines

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The world economic crisis is expected to slow down the flow of aid in the next few years, with the Philippines expected to be among the most affected, a recent United Nations report showed.

Posted: September 28th, 2012 in Headlines | Read More »

Euro sinks to more than 10-year low against yen

The euro remained under pressure Friday, falling to its lowest level against the yen in more than a decade, prodded by a weak Italian debt auction and Spain’s deficit warning.

Posted: December 31st, 2011 in Latest Business Stories | Read More »

World Bank chief welcomes Europe debt deal

World Bank chief Robert Zoellick is welcoming a deal clinched by European leaders to address the region’s debt crisis, saying it may help avert the spread of the financial turmoil to emerging markets that provide half of global economic growth.

Posted: October 27th, 2011 in Latest Business Stories | Read More »

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