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Asian markets decline as new year surge fades

HONG KONG: Asian markets saw further losses on Thursday, with Tokyo hit by a weaker dollar, as the rally that greeted 2018 gives way to profit-taking though Hong Kong extended a record winning streak to 13 days. Bitcoin tumbled after South Korea said it was planning to close down cryptocurrency exchanges in the country citing [...] The post Asian markets decline as new year surge fades appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesJan 12th, 2018

HSBC Private Banking sees strong markets despite high valuations

THE private banking arm of Hongkong and Shanghai Banking Corp. Ltd. (HSBC) expects the Philippine stock market to continue its rise this year, driven by the Asian boost in the global economic growth as well as the so-called “fourth industrial revolution.” “After the strong rally in 2017, many investors worry about high valuations. But in […] The post HSBC Private Banking sees strong markets despite high valuations appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News2 hr. 5 min. ago

Asia markets mostly up, HK extends record run

HONG KONG: Most Asian markets resumed their positive start to the year on Friday with Hong Kong extending its record run to 14 days while the euro held gains after the previous day’s jump. Investors were once again provided a strong lead from Wall Street where all three main indexes advanced to new all-time highs, [...] The post Asia markets mostly up, HK extends record run appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

Risks and rewards: a guide to trading in major Asian markets this year

SINGAPORE/BANGKOK — Asia was the place to be for emerging-market investors in 2017, but a slew of issues and events risk standing in the way of the region repeating that world-beating performance. From Donald Trump’s approach to trade to North Korea’s saber rattling and China’s ongoing quest to cut debt — there’s no shortage of […] The post Risks and rewards: a guide to trading in major Asian markets this year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

Asia markets enjoy pre-Christmas cheer

HONG KONG: Most Asian markets on Friday saw in the Christmas break on a positive note, picking up the baton from Wall Street while the euro stood firm against a sell-off despite a victory for Catalan separatists in a snap poll. Global equities rallied over the past year on hopes Donald Trump’s key election promise [...] The post Asia markets enjoy pre-Christmas cheer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

PH tagged deadliest Asian country for journalists in 2017

The Philippines was listed as the deadliest Asian country for reporters in 2017 - a year that was tagged "least deadly" for professional journalists in 14 years on account of a decline in total number of killings......»»

Category: newsSource:  interaksyonRelated NewsDec 20th, 2017

ADB Upgrades PH Growth Forecasts for 2017, 2018

The Asian Development Bank (ADB) has upgraded its gross domestic product (GDP) growth forecasts for the Philippines this and next year on the surge of the government’s infrastructure program. The ADB also expect the country... The post ADB Upgrades PH Growth Forecasts for 2017, 2018 appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsDec 14th, 2017

Stock Market: Philippine stocks post uptick, buck Asian trend

THE LOCAL bourse bucked the trend as major Asian markets saw a decline on Thursday, after minutes from the US Federal Reserve's last meeting did not provide a clear picture on the pace of future interest rate hikes......»»

Category: financeSource:  bworldonlineRelated NewsJul 6th, 2017

PSEi tracks US, Asian markets decline

PSEi tracks US, Asian markets decline.....»»

Category: newsSource:  manilatimes_netRelated NewsJun 21st, 2017

Opinion: From The Anchor's Chair -- JP Ong: "Stop blaming politics for the peso's troubles"

Ever since the peso breached 50 to the dollar a few weeks ago, I've had friends, family and acquaintances on surf trips ask me whether it's time to abandon the local currency and hold onto their remaining dollars with an iron fist. Indeed, the peso's decline has been quite remarkable, and continues to be Asia's worst performing currency so far this year. Economic officials from the BSP to the Department of Finance, though, have tried to assure markets that the peso's weakness isn't all doom and gloom. I, for one, can see that the economics backs our officials......»»

Category: financeSource:  bworldonlineRelated NewsMar 8th, 2017

Tokyo down again as Asian markets end volatile year

Tokyo down again as Asian markets end volatile year.....»»

Category: newsSource:  manilatimes_netRelated NewsDec 31st, 2016

Asian markets close volatile year

Asian markets close volatile year.....»»

Category: financeSource:  thestandardRelated NewsDec 30th, 2016

Economy: Competition, 4G investment to pressure telco margins -- Fitch

REVENUE growth of Philippine telecommunications companies is expected to come under pressure next year, with EBITDA (earnings before interest, taxes, depreciation and amortization) margins shrinking the most among Asian markets amid fiercer competition an.....»»

Category: financeSource:  bworldonlineRelated NewsNov 14th, 2016

Opinion: M.A.P. Insights -- Jamil Paolo S. Francisco: "When the fear of crime doesn't pay"

Not more than a year ago, the world was watching how the Philippines would progress in its economic renaissance. Markets were eager to see how the country, once considered Asia's sick man, would follow through on its rediscovered potential as an Asian tig.....»»

Category: financeSource:  bworldonlineRelated NewsOct 17th, 2016

Asia markets rattled by pound’s “flash crash” in early trade

HONG KONG — Asian stock markets were rattled Friday after the pound briefly and mysteriously plummeted to a fresh 31-year low in early trading amid persistent concerns about Britain's exit from the European Union......»»

Category: newsSource:  mb.com.phRelated NewsOct 7th, 2016

GSIS sets aside $800M for offshore investments

State-run Government Insurance Service System (GSIS) is setting aside $800 million for offshore investments, aiming to take advantage of expected improvements in global markets this year. Diversification will be a primary focus of the pension fund in 2018, officials said in a press briefing on Tuesday. “The returns that we are getting from our investments [...] The post GSIS sets aside $800M for offshore investments appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 16th, 2018

Travelers shattered tourism records around the world in 2017

The numbers are trickling in from tourism offices and it seems that 2017 was a banner year for many parts of the world. Japan posted a record 28.7 million tourist visitors in 2017, marking the sixth consecutive year of growth for the country, reports The Japan Times.Moreover, the record-breaking tourist arrivals in 2017 marks an impressive 20 percent increase from the previous year. Despite the achievement, tourism minister Keiichi Ishii said the country needs to diversify its tourist market, which is dominated by visitors from neighboring Asian countries. He credited the rise to discount flights from South Korea, cruise ships from China and the relaxed visa requirements for...Keep on reading: Travelers shattered tourism records around the world in 2017.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2018

ADB: 2017 operations reached a total of $28.9B

The Asian Development Bank’s (ADB) operations reached $28.9 billion last year with $1 billion of the total directed at the Philippines, the Manila-based lender reported on Friday. “ADB in 2017 delivered another record year,” its president, Takehiko Nakao, said in a forum at the lender’s headquarters in Mandaluyong City. He said the preliminary figure comprised [...] The post ADB: 2017 operations reached a total of $28.9B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

Stars of Philippine cycling join national championships

The stars of Philippine cycling vie in the PhilCycling National Championships for Road which will kick off with the massed start race on an out-and-back course in Subic and Bataan on Friday. Led by Marella Vania Salamat, Marc Galedo and the ageless Alfie Catalan—all former Southeast Asian Games gold medalists—the races in the men and women elite, under 23 and men junior will flag off from the Subic Bay Exhibition and Convention Center. The men’s race will cover 138.27 kms marked by a treacherous 7-km climb on an average 7 percent gradient atop the Dambana Ng Kagitingan giant cross on Mount Samat. The women’s race, on the other hand, will be staged simultaneously with the men and will cover 96.55 kms of circuit racing inside Subic. “We are expecting a tough race considering that the courses for both events are technical,” Race Director Ian Alacar said. The races are highlights of the PRU Ride PH 2018, a cycling festival staged annually by Pru Life UK. Pru Life UK Senior Vice President and Chief Marketing Officer Allan Tumbaga led the ribbon-cutting ceremony yesterday at the SBECC with top-ranked Filipino-American female cyclist Coryn Rivera gracing the occasion. The event is sanctioned by the PhilCycling headed by its president, Tagaytay City Rep. Abraham “Bambol” Tolentino and Chairman Alberto Lina and will award the winner’s the coveted national champions’ jerseys. The individual time trial on Saturday, on the other hand, will test the men on a 30.12-km route and the women on a 21.94-km distance. The national championships will conclude with the Criterium races on January 21 at McKinley West in Taguig City. Also joining the fray is Ariana Domingo, a two-time Southeast Asian mountain bike champion who is testing her strength in the road discipline and former Tour champion Santy Barnachea, George Oconer, Ronnel Hualda and Junrey Navarra. Adding spice to the men’s race will be the presence of Filipino-American Coryn Rivera, who will ride behind the race column as part of her training for 45 races she is set to take part in this season. Rivera is one of the world’s foremost women elite rider, having won the Tour of Flanders in Belgium last year and leading the US team in the Rio de Janeiro Olympics.  .....»»

Category: sportsSource:  abscbnRelated NewsJan 11th, 2018

PHL to remain among SE Asia’s fastest-growing economies — WB

By Elijah Joseph C. Tubayan Reporter THE PHILIPPINES can be expected to remain one of Southeast Asia’s fastest-growing economies, the World Bank said in its latest report, even as the global lender maintained the country’s growth projection for this year. “The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian… link: PHL to remain among SE Asia’s fastest-growing economies — WB.....»»

Category: newsSource:  manilainformerRelated NewsJan 11th, 2018

PH to be ‘fastest-growing’ economy in Asean – WB

Philippines will continue to outpace many of its Southeast Asian neighbors in terms of economic growth, the World Bank said as it released estimates for this year up to 2020. “The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean) despite some stabilization of investment growth,” the Washington-based [...] The post PH to be ‘fastest-growing’ economy in Asean – WB appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018