The Philippine economy grew 5.6 percent in the second quarter but concerns over China tempered the outlook.» Read More
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.