The Philippines depends on remittances for around 10 percent of GDP, but changes in where workers are headed may see that dry up. The Financial Times reports.» 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.
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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.
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.
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.
With Europe imploding and the U.S. markets teetering, Ruchir Sharma, Morgan Stanley, offers insight on three emerging markets.
Former Philippine first lady, Imelda Marcos, was famous for her 2700 pairs of shoes. These days, such symbols of extravagance are rare in Manila. Frugality is now in vogue and the shift in thinking is originating from the top.
Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. What are the countries with the best prospects for growth?
By several measures, Asian currencies are bargains - but be careful.
The high unemployment and low consumer confidence in the U.S. may have prompted investors to steer clear of consumer-related bets. But one fund manager is taking the opposite view, believing the return of prosperity in America will bolster shares in consumer discretionary stocks.
Emerging market central banks have a busy week ahead. Here's how to trade on the upcoming meetings.
Donald Trump, Trump Organization chairman/president discusses his plans to expand in Asia, and his meeting with presidential candidate, Mitt Romney.