Asia Top News and Analysis Philippines

  • The Philippines was Asia's fastest growing economy in Q2, based on the government's announcement of 7.0 percent annual expansion in April-June.

  • Philippines GDP

    Philippines GDP rates will moderate, although the economy is still a bright spot in a region of sluggish growth, says Oxford Economics' Sian Fenner.

  • "There was a lot of talk of Chinese pricing today and more cargos getting booked, and there just was not much selling in the market," Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients. Soyoil futures rallied 3.4 percent to their highest since April 27 after a monthly National Oilseed Processors Association report showed...

  • At 9:36 a.m. CDT, Chicago Board of Trade November soybean futures were up 26-1/ 5 cents at $10.08 a bushel. USDA on Friday boosted its forecast for U.S. soybean exports in the 2015/ 16 marketing year by 85 million bushels. The market also was digesting Friday's sale of 258,000 tonnes of new-crop U.S. soybeans to China, the 12th largest soybean sale to be confirmed by...

  • Emerging Markets

    Japan and China both suffer from the 3D problem - which is debt, demographics and deflation, says Morgan Stanley's Chetan Ahya.

  • Aug 14- A team from Bangladesh will meet officials of the Federal Reserve Bank of New York, the Federal Bureau of Investigation and the U.S. Department of Justice this week in New York in connection with the cyber theft of $81 million from the South Asian country's central bank in February, sources said. The New York Fed in June wrote to the Philippines' central bank,...

  • Bangladesh Bank lawyer Ajmalul Hossain was responding to comments by Rizal Commercial Banking Corp in the Philippines- through which the stolen money was routed before disappearing into Manila's casino industry- that the central bank in Dhaka was wary of releasing reports that could implicate its own officials. Most of the $81 million stolen is still...

  • Philippines President taking aggressive action

    The new head of state has already made waves with his latest moves in just the five weeks since inauguration.

  • Philippine President Rodrigo Duterte.

    This month alone, Duterte's threatened the mining sector, vowed to "destroy oligarchs," and insulted a U.S. diplomat.

  • LONDON, Aug 11- Nickel, zinc and tin fell on Thursday, retreating from fresh peaks hit in the previous session as speculators booked profits from strong rallies so far this year. LME three month nickel was down 0.9 percent at $10,755 a tonne at 1408 GMT after prices on Wednesday hit the highest in a year at $11,030 on concerns the Philippines may shutter its nickel...

  • *Coming Up: U.S. Weekly jobless claims at 1230 GMT. LONDON, Aug 11- Nickel, zinc and tin fell on Thursday, retreating from fresh peaks hit in the previous session as speculators booked profits from strong rallies so far this year. LME nickel was down 0.8 percent at $10,765 a tonne at 1015 GMT after prices on Wednesday hit the highest in a year at $11,030 on concerns the...

  • *Coming Up: U.S. Weekly jobless claims at 1230 GMT. MELBOURNE, Aug 11- London nickel fell on Thursday from a one-year high hit in the previous session as traders booked profits on the near completion of a Philippine mine review, while copper held steady not far from four-week lows. LME nickel fell 1 percent after prices on Wednesday hit the highest in a year at $11,030 a...

  • Central Banks

    The RBNZ needed to consider how much lower can it cut record-low cash rates in order to derive a weaker kiwi, says UOB's Alvin Liew.

  • Philippine Central Bank

    The Philippines central bank will likely keep rates steady so as to ensure that credit growth is kept in check, says Natixis' Trinh Nguyen.

  • MANILA, Aug 10- Rizal Commercial Banking Corp officials say they have preserved ties with major U.S. banks despite the use of one of its branches in Manila by cyber criminals to funnel $81 million stolen from the Bangladesh central bank's account at the Federal Reserve Bank of New York. "The relationships continue," Maria Celia Estavillo, RCBC's legal and...

  • A windmill located in Bangui, Ilocos Norte, Philippines.

    The Philippines's transformation into a unlikely regional powerhouse in renewable energy hasn't been easy.

  • Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    Vietnam has fortified its islands in the South China Sea with new rocket launchers capable of striking China's runways in the vital trade route.

  • ASEAN officials join hands for a group photo at the 49th annual ministerial meeting in Vientiane on July 24, 2016.

    It's been a tough year for Asean as tensions over China's incursions into the South China Sea have challenged its long-running practices.

  • MANILA, Aug 5- Philippine President Rodrigo Duterte has given a commitment that $81 million stolen by cyber criminals from the account of Bangladesh Bank in New York and funnelled through bank accounts in Manila would be returned, the Bangladesh ambassador to the Philippines said on Friday. A Bangladesh central bank team visiting Manila to recover the money...

  • MANILA, Aug 5- Philippine President Rodrigo Duterte has given a commitment that $81 million stolen by cyber criminals from the account of Bangladesh Bank in New York and funneled through bank accounts in Manila would be returned, the Bangladesh ambassador to the Philippines said on Friday. A Bangladesh central bank team visiting Manila to recover the money...