Thursday, August 9, 2012
Fitch Ratings said the exposure of the Philippine banking sector to risk of failure due to excessive lending remained low, but warned of the threat of a rising credit growth-related stress for banking sectors in the Asia-Pacific region.
Monday, August 6, 2012
The Philippine government wants to close thousands of small-scale mines blamed for environmental devastation, but Reynaldo Elejorde insists his chaotic gold-rush mountain town will survive.
Friday, August 3, 2012
Rescuers deployed rubber boats while doctors fanned across cramped evacuation centers in the Philippines as the death toll from five days of flooding reached 23 on Thursday, officials said.
Monday, July 23, 2012
As the Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.
Tuesday, July 17, 2012
The Philippine stock market is no longer the playground for those hunting for bargains. Yet there is still a lot of money flowing in, driving stock prices to unprecedented heights as the country — with its much-improved economic fundamentals and resilient corporate sector.
Monday, July 9, 2012
American financial giant Bank of America Merrill Lynch has upgraded its domestic economic growth outlook for the Philippines this year but tempered its outlook for 2013 as a challenging global environment is seen to affect exports.
The brain drain has become a bigger problem for the Philippines in the last 12 years, as the yearly exodus of people trained in science and technology (S&T) grew by about two and a half times from 1998 to 2009.
Thursday, July 5, 2012
The Philippine government will ban the deployment of overseas Filipino workers (OFW) to 15 countries for failing to meet the safety requirements of the amended Migrant Workers and Overseas Filipino Act, the head of the Philippine Overseas Employment Administration (POEA) said Tuesday.
Thursday, June 28, 2012
The Philippines' richest family said on Wednesday it was in talks with Australian billionaire James Packer and Macau gambling tycoon Lawrence Ho to develop a US$1 billion casino in Manila.
Wednesday, June 27, 2012
The Philippines' budget deficit soared in May, the government said Tuesday, but a senior economic official insisted there was still room to pursue higher spending to sustain economic growth.