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PH urged to guard against price bubbles

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The global economy is now poised to recover from a crippling crisis that started in 2008, with the Philippines and other developing countries driving expansion, according to a report from the World Bank.

Posted: June 13th, 2013 in Headlines | Read More »

‘Major PH banks can withstand loan defaults, other shocks’—BSP

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

The country’s big banks can withstand shocks, such as a rise in loan defaults, should global economic problems spill over to the Philippines, as the level of their capital continues to exceed domestic regulatory requirements and international standards.

Posted: May 1st, 2013 in Latest Business Stories | Read More »

Peso rises on news of rising global demand, SoKor growth

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AFP FILE PHOTO

The peso inched up on Thursday amid indicators global demand could be picking up, such as favorable growth of South Korea in the first quarter and manageable uptick in oil prices.

Posted: April 25th, 2013 in Latest Business Stories | Read More »

Peso gains on news of more home sales, higher corporate earnings in US

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AFP FILE PHOTO

The peso inched up on Wednesday as reports of an increase in sales of residential properties and corporate earnings in the United States boosted sentiment of investors on the global economy.

Posted: April 24th, 2013 in Latest Business Stories | Read More »

Analysis: US cuts likely to hit global economy

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FILE - In this Tuesday, Feb. 26, 2013, file photo, House Speaker John Boehner, R-Ohio wraps up a news conference on Capitol Hill in Washington, where he and GOP leaders challenged President Obama and the Senate to avoid the automatic spending cuts set to take effect in four days.  The scheduled cuts in defense spending, unemployment benefits and other programs could slow an already struggling economy. AP

The effects of the $85 billion in US government spending cuts scheduled to begin Friday will be felt across oceans and could further hurt recession-hit European nations and burden an economically slowing China, shrinking the market for countries that depend on selling things to the United States.

Posted: February 28th, 2013 in Latest Business Stories | Read More »

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