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by Cecil Morella Agence France Presse MANILA, Philippines (AFP) — The Philippine tourism industry scrambled Friday to manage the fallout from the temporary shutdown of its world-famous Boracay island, which threw into chaos trips planned by hundreds of thousands of tourists. President Rodrigo Duterte ordered the once-idyllic white-sand resort closed to tourists for up to six months from April 26, after describing the country’s top tourist attraction as a “cesspool” tainted by raw sewage. […]
by Daniel Silva Agence France-Presse LISBON, Portugal (AFP) — When French technology consultancy Altran needed to hire staff for a new center in Porto, it held a recruitment fair on board a boat docked in the northern Portuguese city’s colorful riverside area. Dozens of recent graduates mingled with Altran staff as they enjoyed sweeping views of Porto’s iconic double-deck metal arch bridge. At the end of the day Altran managed to fill just over 20 […]
MANILA, Philippines (Eagle News) — Posibleng pumalo sa 4.2 hanggang 4.4 percent ang inflation rate noong Marso na mataas sa target ng gobyerno. Nitong Pebrero ay 3.9 percent ang inflation rate na pasok pa rin sa 2 hanggang 4 percent target range. Nasa 3.8 hanggang 4.6 percent ang inflation rate na inaasahan ng Bangko Sentral ng Pilipinas (BSP) ngayong Marso dahil sa mataas na presyo ng kuryente at petrolyo at paghina ng piso. Sa Huwebes, […]
HONG KONG, China (AFP) — Asian stocks dropped sharply at the open Tuesday, following Wall Street lower as fears of a trade war between the United States and China battered market sentiment. Tokyo led the declines, with the benchmark Nikkei 225 index shedding 1.51 percent in early trade. China followed suit, with the main Shanghai Composite Index falling 1.05 percent. Seoul was down more than half a percentage point and Hong Kong was off one […]
TOKYO, Japan (AFP) — Tokyo stocks firmed in early trade on Monday as Japan kicked off a new fiscal year in a solid business climate, shrugging off fresh data indicating Japan’s corporate sentiment weakened. The benchmark Nikkei 225 index started the day in negative territory, but quickly emerged above water and added 0.23 percent or 50.41 points to 21,504.71 in early trade. The broader Topix index also gained 0.17 percent or 2.92 points at 1,719.22. […]
NEW YORK, United States (AFP) — German luxury carmaker BMW has been sued in the United States over “defeat devices” installed in tens of thousands of vehicles in order to cheat diesel emissions tests, lawyers for the plaintiffs said Tuesday. The case, filed in federal court in New Jersey, will become a class-action suit once it is certified by a judge. The suit singles out the BMW X5 and 335D model diesel cars sold between […]
Suggests transforming OFW bank into “virtual bank” with zero physical branches (Eagle News) – Finance Secretary Carlos Dominguez said he has coordinated with the Bangko Sentral ng Pilipinas so it could “check” all its regulations that “stymie the growth of electronic commerce in the country.” In a statement on Monday, Dominguez revealed he made the coordination with BSP Deputy Governor Maria Almasara Cyd Amado, as he gave a push for the use of digital technology […]
HONG KONG, China (AFP) — Asian markets extended last week’s worldwide plunge as investors fret that Donald Trump’s controversial tariffs on $60 billion of Chinese goods will spark a trade war that would hammer the global economy. The US move to impose levies, claiming China is breaching intellectual property rights, sparked a rout of equities across the world, while China warned it was “not afraid of a trade war”. US Treasury Secretary Steve Mnuchin said […]
BEIJING, China (AFP) — China’s top economic official Liu He spoke by phone with US Treasury Secretary Steven Mnuchin on Saturday and “agreed to continue to communicate” on trade issues, the official Xinhua news agency said. The call came at a time of heightened tensions after US President Donald Trump on Thursday authorized tariffs on as much as $60 billion of Chinese imports, targeting sectors in which Washington says Beijing has stolen American technology. Liu He, […]
WASHINGTON, United States (AFP) — The US Senate passed a $1.3 trillion federal spending bill in dramatic dark-of-night fashion early Friday, overcoming hurdles that threatened to send the government into its third shutdown of 2018. Lawmakers stared down a self-imposed deadline of midnight Friday, when federal funding was set to expire, and passed the mammoth package by a vote of 65-32, with hours to spare. It now goes to the White House to be signed […]
(Eagle News) – The Department of Finance (DOF) said Filipino consumers now have a combined “P10 billion monthly cash bonanza” following the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act. According to Finance Secretary Carlos Dominguez III, the amount represents additional purchasing power that will further stimulate the country’s economy, which is now among the fastest-growing in Southeast Asia. “Our estimate is P10 billion a month in the reduction in collections from the […]
HONG KONG, China (AFP) — Asian investors remained on edge Friday as the curtain came down on another volatile week for markets with fears of a global trade war playing off against a positive economic outlook. Investors have swung from optimism to pessimism since last week’s controversial move by Donald Trump to throw up tariffs on imports of some metals, with the removal of his moderate secretary of the state adding to the unease. However, […]
