economy

Samsung boss gets presidential pardon: South Korea justice minister

SEOUL, South Korea (AFP) -- The heir and de facto leader of Samsung group received a presidential pardon Friday, the…

Diokno says economy still on steady path to recovery despite lower growth figures in 2nd quarter

Main growth contributors were transportation and construction; services sector posted highest positive growth   (Eagle News) – The Philippine economy…

Philippines sustains growth but inflation a threat

  The Philippines' economic growth slowed in the second quarter, officials said Tuesday, as they warned that surging inflation and…

PBBM says 15.2-M learners already enrolled; notes full face-to-face classes to spur economic growth

DepEd says August 22 school opening to push through as scheduled   (Eagle News) -- President Ferdinand “Bongbong” Marcos Jr.…

A year on, Iran’s Raisi faces economy in trouble

by Ahmad Parhizi Agence France-Presse  TEHRAN, Iran (AFP) -- A year after Iran's President Ebrahim Raisi took power, his government…

Sanctions have huge toll on Russian economy: report

by Paul Handley Agence France-Presse WASHINGTON, United States (AFP) -- The Russian economy has been deeply damaged by sanctions and…

US GDP data due with all eyes on possible recession

The United States is set to release key data on economic growth Thursday and global investors are watching closely as…

Bitter harvest: Malaysian palm oil farmers face labour crunch

by M. Jegathesan Agence France-Presse IJOK, Malaysia (AFP) -- Overripe palm oil fruits hang untouched in trees while others lie…

Fed poised to attack inflation with another interest rate hike

by Heather Scott Agence France-Presse  WASHINGTON, United States (AFP) -- The Federal Reserve is set to announce another big interest…

Russia doing better than expected despite sanctions: IMF

WASHINGTON, United States (AFP) -- Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine,…

Pres. Marcos Jr. eyes VAT on digital service providers as part of tax admin reforms

Move to bring in initial P11.7 billion revenue in 2023 alone   (Eagle News) – President Ferdinand “Bongbong” Marcos Jr.,…

Biden says US ‘not going to be in a recession’

WASHINGTON, United States (AFP) -- President Joe Biden said Monday he does not expect the United States suffer an economic…

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