By Paolo G. Montecillo
Bank operations and financial markets ground to a halt Wednesday as Metro Manila took a direct hit from Typhoon “Glenda,” (international name: Rammasun) the first major storm to tear through the country this year.
Financial markets in the Philippines are closed on Wednesday because of Typhoon “Glenda.”
By Ben O. de Vera
Despite tensions arising from the territorial row between the Philippines and China over a number of isles and rocks lying in the West Philippine Sea, the two countries are eyeing closer ties in the financial markets, officials said Tuesday night.
Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Libya as well as an upbeat demand outlook in the US, analysts said.
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.