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The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]
HONG KONG, China (AFP) — Calm returned to Asian markets Wednesday, with equities stabilizing after a two-day rally, as the dollar strengthened on encouraging United States economic data. Volatility eased as traders focused on the world economy and corporate earning figures after a week dominated by the dramatic increase in tensions over North Korea triggered a global sell-off before prices bounced back Monday. The greenback rose after official figures showed US consumers splurged in July, […]
by Danny KEMP Agence France Presse BRUSSELS, Belgium (AFP) — A scandal involving eggs contaminated with insecticide spread to 15 EU countries, Switzerland and as far away as Hong Kong on Friday as the European Commission called for a special meeting on the growing crisis. Ministers and food safety chiefs from around the European Union are set to meet on September 26 in a bid to get countries to stop “blaming and shaming” each other […]
https://youtu.be/OWsY84JMz00 MANILA, Philippines (AFP) — The Philippines’ former Miss Universe conducted a public HIV test in Manila on Wednesday a week after the United Nations said her country had the fastest-growing number of infections in Asia. Pia Wurtzbach, UNAIDS goodwill ambassador for Asia and the Pacific, took the test in front of reporters as part of her efforts to raise awareness of HIV and remove the stigma surrounding the virus in the conservative nation. The United Nations […]
(Eagle News) – Gilas Pilipinas won over defending champion China in the 2017 FIBA-Asia Cup on Wednesday, August 9, in Lebanon. With a 96-87 win, Philippines scored big over China which beat the Philippines two years ago, in the 2015 FIBA Asia Championship with a score of 78-67. It was also a vindication for the Philippines which had also experienced successive defeats from China in the Asian Games of 2014, and the FIBA Asia […]
AS ASEAN celebrates its 50th anniversary, let’s look back a history to know more about the Association of Southeast Asian Nations (ASEAN). ASEAN was created on 8 August 1967 when five leaders – the Foreign Ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand – sat down together in the main hall of the Department of Foreign Affairs building in Bangkok, Thailand and signed a document. “By virtue of that document, the Association of Southeast […]
HONG KONG, China (AFP) — Asia markets tumbled Friday to end two days of gains as traders digested a host of disappointing corporate results and a fall in United States technology stocks dented optimism. Despite yet another Dow Jones record Thursday, Tokyo, Hong Kong and Shanghai were all down Friday, with sharp falls recorded in Seoul and Sydney. The tech-heavy Nasdaq’s streak of all-time high closes ended Thursday with Apple, Google-parent Alphabet and Netflix shares […]
HONG KONG, China (AFP) — Major Asian markets gained Thursday but the dollar struggled after the previous day’s losses when the Federal Reserve’s tepid inflation outlook fueled speculation it will hold off further United States rate hikes this year. Regional traders tracked fresh Wall Street records on optimism about corporate earnings as a host of big names disclosed results Tokyo, Hong Kong and Sydney all rose while Seoul was boosted by Samsung Electronics forecast-beating, record-breaking […]
MANILA, Philippines (AFP) — A business-as-usual approach to climate change will be “disastrous” for Asia, undoing much of the phenomenal economic growth that has helped it make vast inroads against poverty, the Asian Development Bank said in a report released Friday. A continued reliance on fossil fuels will see the world’s most populous region face prolonged heat waves, rising sea levels, and changing rainfall patterns that will disrupt the ecosystem, damage livelihoods and possibly even […]
HONG KONG, China (AFP) — Asian traders headed into the weekend cautiously on Friday following a broadly positive week across global equity markets after Federal Reserve chief Janet Yellen indicated a softer approach to raising United States interest rates. The Dow on Wall Street posted a second-successive record as investors cheered the more dovish tone from the central bank, which has been moving to tighten monetary policy as the world’s top economy continues to pick […]
HONG KONG, China (AFP) — Asian markets surged on Thursday, extending a global rally that saw another record on Wall Street after the head of the Federal Reserve indicated it would take a gradual approach to raising United States interest rates. In closely watched testimony to Congress, Janet Yellen said the central bank would keep lifting borrowing costs as long as the world’s top economy showed improvement, taking into account inflation remained below its two […]
HONG KONG, China (AFP) — Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North Korea’s latest missile test and warnings from the United States it would use force to deal with the nuclear-armed state. Crude fell around four percent Wednesday on renewed concerns about a global supply glut that overshadowed data pointing to a drop in US stockpiles. Investors are worried that an output cut […]
