Economy

Largest US port complex braces for extended US-China trade war

LOS ANGELES — Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the...

PEZA cites contribution to economy despite 56% investments drop

MANILA -- The Philippine Economic Zone Authority (PEZA) revealed that ecozones' contribution to employment and exports remain positive despite a decline in project registrations. As of May this year, direct employment in PEZA-registered...

SoKor to help modernize PH defense capability

MANILA -- One of the Philippines’ closest allies, South Korea, will help the country modernize its defense capability, particularly the acquisition of new helicopters and submarines. This was confirmed by South Korean Ambassador...

Gov’t priority set on social services, infra spending: DBM

MANILA -- The Philippine government continues to invest in areas that ensure future economic gains, such as human capital development and public infrastructure. The Department of Budget and Management (DBM) said in a...

DOTr eyes fuel subsidy hike to P20-K in 2019

MANILA -- The chairman of the House Committee on Ways and Means on Thursday revealed that the Department of Transportation (DOTr) is proposing to increase the amount of government fuel subsidy from...

Term deposit facility yields decline

MANILA -- Data from the Bangko Sentral ng Pilipinas (BSP) showed that weighted average accepted yields for term deposit facility (TDF) across all tenors declined on Wednesday’s auction. The central bank awarded in...

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