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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.....»»
South China Sea- Beijing Is Gaslighting Manila Over Claims - Bloomberg
South China Sea: Beijing Is Gaslighting Manila Over Claims Bloomberg.....»»
China criticises 'bewildering' US trade policies in face of curbs from Washington
Beijing [China], March 7 (ANI): Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported. In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewi.....»»
China criticises 'bewildering' US trade policies in face of curbs from Washington
Beijing [China], March 7 (ANI): Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported. In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewi.....»»
Philippine coast guard says Chinese claim of intrusion ‘inaccurate’
MANILA/BEIJING (Reuters) – A Philippine coast guard official on Thursday described as “inaccurate” its Chinese counterpart’s claim that a fisheries vessel “illegally intruded” into Beijing’s waters. The Chinese coast guard said earlier on Thursday it drove away a vessel of the Philippines’ Bureau of Fisheries and Aquatic Resources (BFAR) and accused them of “illegally intruding”.....»»
Indonesia s Prabowo Likely to Keep Close Ties With China
Taipei, Taiwan - Defense Minister Prabowo Subianto, once a fierce critic of China, has emerged as the likely winner of Indonesia's presidential election. His presumed victory, analysts say, is unlikely to lead to any major shifts in the Southeast Asian nation's relations with Beijing.However, concerns about work safety and environmental pollution linked to Chinese investments, as well as Beijing's claims in the.....»»
Indonesia s Prabowo Likely to Keep Close Ties With China
Taipei, Taiwan - Defense Minister Prabowo Subianto, once a fierce critic of China, has emerged as the likely winner of Indonesia's presidential election. His presumed victory, analysts say, is unlikely to lead to any major shifts in the Southeast Asian nation's relations with Beijing.However, concerns about work safety and environmental pollution linked to Chinese investments, as well as Beijing's claims in the.....»»
Will China now play a long or short game against Taiwan?
Beijing [China], January 23 (ANI): Following the Taiwanese people's refusal to buckle to Chinese coercion in the January 13 elections, voting back into power the incumbent Democratic People's Party (DPP) with its new leader Lai Ching-te, opinion varies as to what Beijing's next course of action will be. Will China make a precipitative military move against Taiwan, or will it continue its policy of incessant coercion? Chin.....»»
Will China now play a long or short game against Taiwan?
Beijing [China], January 23 (ANI): Following the Taiwanese people's refusal to buckle to Chinese coercion in the January 13 elections, voting back into power the incumbent Democratic People's Party (DPP) with its new leader Lai Ching-te, opinion varies as to what Beijing's next course of action will be. Will China make a precipitative military move against Taiwan, or will it continue its policy of incessant coercion? Chin.....»»
Number of jobless Filipinos eases in February
The number of unemployed Filipinos decreased in the second month of 2024, posting an unemployment rate of 3.5%, the Philippine Statistics Authority reported on Thursday......»»
Jobless rate eases to 3.5% in February
The country’s unemployment rate declined in February as more employment opportunities were created in the wholesale and retail trade and agriculture sectors, according to the Philippine Statistics Authority......»»
Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule
The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»
Inflation eases to 2.8 percent in January
Driven mainly by the slower increases in food prices, inflation eased further to 2.8 percent in January, according to the Philippine Statistics Authority......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
NCR construction materials price growth eases in 2023
Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
‘Dr. Stranger’
More than 50 percent of consumer products in all Filipino homes undergo some form of screening, testing or review by the Food and Drug Administration......»»
Testing, testing, 1, 2, 3…
After claims were made that we have a “state of calamity” resulting from traffic in Metro Manila, the Metro Manila Council (of mayors) will now roll out their solution......»»
SC: Terminating HIV positive worker ‘illegal’
The Supreme Court has ruled that firing an employee solely for testing positive for human immunodeficiency virus (HIV) is illegal......»»