Xinhua world economic news summary at 0900 GMT, March 17
MANILA -- The number of Chinese inbound travelers to the Philippines surged by 235 percent year-on-year in the first two months of 2024, a Philippine lawmaker said Sunday. Citing data from the Philippines' Department of Tourism, Representative Marvin Rillo, vice chairperson of the committee on tourism in the House of Representatives, said that 82,314 Chinese travelers entered the Philippines in January and Febru.....»»
Xinhua world economic news summary at 0900 GMT, March 17
MANILA -- The number of Chinese inbound travelers to the Philippines surged by 235 percent year-on-year in the first two months of 2024, a Philippine lawmaker said Sunday. Citing data from the Philippines' Department of Tourism, Representative Marvin Rillo, vice chairperson of the committee on tourism in the House of Representatives, said that 82,314 Chinese travelers entered the Philippines in January and Febru.....»»
Xinhua world economic news summary at 0900 GMT, March 18
BEIJING -- Global new energy passenger car sales are predicted to exceed 39 million units by 2030, said a report obtained during the China EV100 Forum 2024 concluded Sunday in Beijing. That will mark a penetration rate of almost 50 percent, rising from the nearly 20 percent in 2023 with the sales of over 13 million units, according to the report issued by China EV100, a new energy vehicle (NEV) industry think ta.....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 6
MANILA -- The Philippine government said Wednesday that the El Nino dry spell and drought has cost Philippine agriculture over 1 billion pesos (roughly 18.9 million U.S. dollars) while the climate pattern may persist till the second quarter this year. The National Disaster Risk Reduction and Management Council said El Nino has affected over 23,000 farmers and fisherfolk, damaged nearly 18,000 hectares of crop ar.....»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 31
TOKYO -- Tokyo stocks closed higher on Wednesday, as investors took an optimistic attitude for the domestic earnings season over positive results reported by Japanese firms. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 220.85 points, or 0.61 percent, from Tuesday to close the day at 36,286.71. The broader Topix index, meanwhile, finished 24.17 points, or 0.96 percent,.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 11
SEOUL -- South Korea's export fell in double digits in the first 10 days of March due to fewer business days, customs office data showed Monday. Export came to 13.54 billion U.S. dollars in the 10 days, down 13.4 percent compared to the same period of last year, according to Korea Customs Service. (South Korea-Exports) - - - - VIENTIANE -- Participants in the 30th ASEAN Economic Ministers' Retreat.....»»
Xinhua world economic news summary at 0900 GMT, April 12
SEOUL -- South Korea's employment kept rising last month due to a fast increase in elderly jobs, statistical office data showed Friday. The number of employed people aged 15 or older expanded 173,000 from a year earlier to 28,396,000 in March, according to Statistics Korea. It marked the lowest growth in over three years since February 2021, but the employment continued to grow thanks to higher elderly jo.....»»
Xinhua world economic news summary at 0830 GMT, Feb. 7
MANILA -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 2.6 percent and 2 percent in December, respectively. (Philippines-Manufac.....»»
Xinhua world news summary at 0630 GMT, Feb. 11
GAZA -- At least 25 Palestinians were killed in Israeli bombing of a house in the southern Gaza Strip city of Rafah on Sunday, according to the official Palestinian news agency WAFA. (Gaza-Israel-Bombing) - - - - LIMA -- The Peruvian government has declared a state of emergency on Saturday for at least 96 districts in 15 regions of the country due to damage caused by heavy rains in recent weeks. Th.....»»
Xinhua world news summary at 0630 GMT, Feb. 11
GAZA -- At least 25 Palestinians were killed in Israeli bombing of a house in the southern Gaza Strip city of Rafah on Sunday, according to the official Palestinian news agency WAFA. (Gaza-Israel-Bombing) - - - - LIMA -- The Peruvian government has declared a state of emergency on Saturday for at least 96 districts in 15 regions of the country due to damage caused by heavy rains in recent weeks. Th.....»»