Asia Top News and Analysis Philippines

  • *India prices ease to $369- $373 per tonne from $371- $375. BENGALURU, Oct 3- Rice export rates in Asian hubs fell this week as weak demand and currency fluctuations prompted sellers in India and Thailand to cut prices, while expectations of lower interest from the Philippines weighed on the Vietnamese market. Thai exporters have struggled since the start of the...

  • MANILA, Oct 4- The Philippines' annual headline consumer price index in September rose 0.9% from a year earlier, a lower increase than expected, the statistics agency said on Friday.

  • *India prices ease to $369- $373 per tonne from $371- $375. BENGALURU, Oct 3- Rice export rates in Asian hubs fell this week as weak demand and currency fluctuations prompted sellers in India and Thailand to cut prices, while expectations of lower interest from the Philippines weighed on the Vietnamese market. Thai exporters have struggled since the start of the...

  • KUALA LUMPUR, Oct 3- Malaysia's competition regulator on Thursday proposed a fine of over 86 million ringgit on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers. The Malaysia Competition Commission ruled that Singapore- based Grab, which has backing from Japan's SoftBank Group Corp, had abused its dominant...

  • MANILA, Oct 1- The Philippines' Department of Agriculture on Tuesday threatened legal action against hog traders ignoring strict animal quarantine rules as it confirmed new cases of African swine fever infections in metropolitan Manila and a northern province. The incurable disease is wreaking havoc on hog industries in China and Southeast Asia and could...

  • DUBAI/ STOCKHOLM, Sept 28- A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shipping route for oil. Erik Hanell, the chief executive of Sweden's Stena Bulk, which owns the ship, told Reuters in Stockholm in a text message earlier in the day that the tanker was "...

  • DUBAI/ STOCKHOLM, Sept 28- A British-flagged tanker that was detained by Iran for 10 weeks was approaching docks in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shipping route for oil. "Finally approaching berth in Dubai right now," Erik Hanell, the chief executive of Sweden's Stena Bulk, which owns the ship, told Reuters in...

  • *Vietnam, Philippines hit by African swine fever; Thailand alert. SINGAPORE, Sept 27- Last year, Southeast Asian farms offered a lifeline to U.S. grain exporters wounded in a bitter trade war with China. That helped to cushion the blow of a slump that wiped out nearly three-quarters of China sales of the same crops as Washington and Beijing exchanged tit-for-tat...

  • BEIJING, Sept 25- China's nickel ore imports from Indonesia rose 26.5% year-on-year in August, customs data showed on Wednesday, as stainless steel producers stocked up on raw materials ahead of a ban on exports from the Southeast Asian country. Following weeks of speculation, top nickel miner Indonesia confirmed on Sept. 2 it would ban nickel ore exports from...

  • Deutsche Bank sees three more Fed cuts by February 2020

    Michael Spencer of Deutsche Bank says Asian central banks still have room to cut and explains why he says the Fed has "every reason" to remain on an easing bias.

  • Top supplier Indonesia's plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world's second-bigest ore producer, could suspend five mining companies at the end of this year. "There have been some anecdotes of stainless mills restocking nickel and that has been positive," said analyst Nicholas Snowdon at...

  • Justo Ortiz of UnionBank of the Philippines says inflation is relatively under control and he is "excited" for a rate cut because it enables the bank to do more to promote growth.

  • How the Philippines could benefit from the US-China trade war

    Benjamin Diokno of Bangko Sentral ng Pilipinas says the U.S., China and export-dependent economies will be "major losers" in the trade war. For the Philippines, the longer the trade war drags on, the higher the potential benefit for the Philippines, he says.

  • Flag of the Philippines.

    The responsibility to boost economic activity is not the central bank's alone, said Benjamin Diokno, governor of the Philippine central bank.

  • MANILA, Sept 20- Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department of Agriculture said on Friday, less than two weeks after it declared the country's first outbreak of the disease. The Bureau of Animal Industry has tested and confirmed the African swine fever virus in blood samples...

  • But rather than extending its super-charged rally, nickel has retreated from the highs in both London and Shanghai, a telling sign of bull exhaustion. This particular chapter in the nickel story, nevertheless, is far from over, the original Shanghai surge morphing into a London squeeze. Shanghai has led London on the move higher, particularly during the...

  • The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent.

    Besides China, the WeSing app is available in the Philippines, Indonesia, Thailand and Malaysia.

  • SINGAPORE, Sept 17- Industrial metals prices fell on Tuesday on concerns about demand from top consumer China following data that could signal weakness in the world's second-biggest economy. Benchmark copper on the London Metal Exchange fell 0.6% to $5,833.50 a tonne by 0700 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...

  • SINGAPORE, Sept 17- Industrial metals fell on Tuesday after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy. Three-month copper on the London Metal Exchange fell 0.5% to $5,841 a tonne by 0344 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...

  • SINGAPORE, Sept 17- Industrial metals fell on Tuesday after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy. Three-month copper on the London Metal Exchange fell 0.3% to $5,851 a tonne by 0226 GMT, while the most-traded copper contract on the Shanghai Futures Exchange...