Easing inflation and growth being one of the fastest in the region justify the central bank's decision to keep its key interest rate steady, says Amando Tetangco, Governor of Bangko Sentral ng Pilipinas.» Read More
What many people do not realize about investing in emerging markets is that countries tend to concentrate their economic expansion in specific sectors. In the case of the Philippines, the sectors most in demand are outsourcing and service oriented industries.
Emerging-market Asian currencies were on a tear in 2010, but sentiment has shifted dramatically this year. Citi's Johanna Chua explains why the negativism is overdone in some cases, and where currency investors could do well now.
Emerging markets in Asia are off to a rocky start this year. Fears of rising inflation and further monetary tightening have led to an outflow of foreign funds. Yet so far, fund managers in Asia are playing a game of wait and see.
Philippine budget airline Cebu Pacific Air may be set to list Tuesday on the Philippine Stock Exchange in the country's biggest IPO this year, but that's not why the company's in the spotlight in recent weeks.
The EU banned all airlines from the Philippines and Sudan from flying into the region’s airports Tuesday, citing “serious safety deficiencies” found by the UN and U.S. aviation authorities, the New York Times reports.
Weeping mourners have been paying their respects at the wake of former President Corazon Aquino, with some pledging to carry on her legacy by protecting the democracy she helped install 23 years ago.
More than a quarter of US employers expect more of their high-skill positions to be shipped overseas.
Philippine Long Distance Telephone (PLDT), the country's most valuable firm, said on Tuesday its quarterly net profit fell 9 percent as a strong peso hurt its dollar-linked revenues.
Joseph Estrada, outspoken former president of the Philippines and hero of countless movies against injustice and corruption, was remarkably restrained on Wednesday when he was sentenced to life imprisonment for plunder.
The Philippine peso and Singapore dollar led the losses in Asia on Wednesday as investors extended their aggressive sales of risky assets on fears U.S. credit market woes were spreading overseas.