Jeff Ng, economist at Standard Chartered, expects the Philippines' fourth quarter GDP to be minimally impacted by the typhoon and says 2014 reconstruction could be accretive to the country's growth.» Read More
MANILA, Oct 2- The Philippines has extended daily onshore currency trading hours by 30 minutes, which the banking industry said would align the market with the rest of Asia and better address the needs of invertors and business.
----PREVIOUS ITEM: Philex to contest mine leak penalty- The Philippine Star----.
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-Citigroup holds roundtable discussion on the impact of the QE3 on Asian policy makers, with Citi Asia Pacific Chief Economist Johanna Chua, Makati Shangri-La Hotel, 10:00 a.m.. STOCKS TO WATCH- JG SUMMIT HOLDINGS.
Daina Shipping, a subsidiary of Greek-based Costamare, along with its insurers agreed Tuesday to settle with New Zealand for $22.9 million for oil cleanup costs incurred so far and another $8.6 million if it doesn't remove the pieces of the wreck that still sit on the reef.
MILAN, Oct 1- Who knows what Cosimo Ruggieri would have thought about ending up in a gelato museum? Alchemist at the court of the Medici, Ruggieri, the story goes, created the ice-cream that Catherine De Medici took to Paris in the 1530 s to wow the French.
BANGKOK, Oct 1- Southeast Asian stock markets ended mostly lower on Monday, tracking weak global equities and after a lacklustre session amid market holidays in Asia, but foreign buying pushed Malaysian shares to their highest in almost two weeks. Banking stocks gained due to optimism about third-quarter earnings, with Kasikornbank.
Investors know what they want, and it isn't the G4 currencies.
Jaime Augusto Zobel de Ayala Chairman & CEO, Ayala Corporation discusses the health of Philippines' housing sector, providing perspective in context of the country's economy. He is optimistic based on current developments in this sector.
Fed meeting news awaits and Asian central banks stand pat — it's time for your FX Fix.
Medha Samant, Investment Director of Fidelity Worldwide Investment says ASEAN countries offer a sustainable, long-term growth profile. She singles out the Philippines and explains why it is the new market darling for investors.
Cesar Purisima, Finance Secretary of the Philippines makes the case for investors to pay attention to his country. He adds that the Philippines is on track to meet its economic goals for the year.
Andre De Silva, Head of Asia Pacific Rates at HSBC says India needs to address its twin deficits and inflation pressures before easing policy. He adds that monsoon woes and power outages could add further inflationary pressures.
This strategist sees emerging trading opportunities in emerging market currencies.
The European Central Bank chief lifts the euro and the Philippines go easy — it's time for your FX Fix.
Tai Hui, Head of Regional Research, Asia at Standard Chartered Bank says domestic factors will determine the resilience of Asian economies in the next few months.
Philippine stocks, the best performers in Asia this year, have gained more than 22 percent in 2012, but the market is now looking expensive compared to Southeast Asian peers, and analysts say it may be particularly vulnerable to capital outflows should the global economy deteriorate further.
Ruchir Sharma, Head of Emerging Markets & Global Macro, Morgan Stanley Investment Management says the stars of emerging markets, Russia and Brazil, will disappoint investors as they are facing serious problems. Instead, Southeast Asia may surprise on the upside.
Mark Matthews, Head of Research Asia, Bank Julius Baer warns there's a lot of policy risk in the month ahead, and that June could be a bad month for equity investors.
With Europe imploding and the U.S. markets teetering, Ruchir Sharma, Morgan Stanley, offers insight on three emerging markets.