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2017 GDP goal within reach — Moody’s August 21, 2017

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES is on track to hit the low end of the government’s growth goal this year, Moody’s Investors Service said, with state spending and stronger foreign demand for the country’s goods and services expected to lift prospects this semester. Christian de Guzman, Moody’s vice-president and senior credit […]

Central banks in Asia lean on wide mandate as Fed readies tightening August 21, 2017

HONG KONG — As Asia’s central banks grapple with low inflation, just like their global peers, they already have a dizzying array of mandates to guide their response. Unlike the strict goal of price stability adhered to by the European Central Bank or a focus on inflation and full employment pursued by the Federal Reserve, […]

BSP says peso’s path ‘consistent’ with growth August 21, 2017

THE PESO’s “gradual” depreciation is “consistent” with government efforts to stoke faster economic growth, the central bank chief said yesterday, adding that the local currency should stabilize soon. Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. downplayed observations that the peso has been a laggard compared to other Asian currencies over the past […]

Want to hedge North Korea risk? Think SE Asian stocks, Japan REITs August 21, 2017

HONG KONG — Investors looking for ways to hedge against North Korea risk as war drills get under way should focus on Japanese real estate investment trusts and markets in Southeast Asia, according to Societe Generale SA. Japanese REITs are favored as a safe haven because they offer a 3.8% dividend yield, are not correlated […]

Stocks to dip on thin trade as ‘ghost month’ starts August 21, 2017

LOCAL EQUITIES will likely dip this week as investors maintain a cautious stance at the official start of the so-called “ghost month.” The bellwether Philippine Stock Exchange index (PSEi) dropped by 0.69% or 56.02 points to 8,016.73 at the close of Friday’s trading session. The all-shares index likewise lost 0.54% or 26.05 points to 4,743.84. […]

Cebu-based Innoland expands to Makati City August 21, 2017

By Arra B. Francia, Reporter CEBU-BASED property developer Innoland Development Corp. is bringing its expansion to Metro Manila, with the launch of its first office and retail building in Makati City. The real estate firm will be developing Altaire, a 45-storey building set to rise along Malugay Street inside the Makati Central Business District. With […]

CIDG tasked to probe Kian delos Santos killing August 21, 2017

By Ian Nicolas P. Cigaral and Kristine Joy V. Patag Reporters THE Philippine National Police (PNP) has ordered its Criminal Investigation and Detection Group (CIDG) to investigate the Aug. 17 killing of a 17-year-old high-school student in the hands of cops, which has sparked an outcry over President Rodrigo R. Duterte’s bloody drug war. This […]

LP finds common themes in 1983 Aquino murder, drug war August 21, 2017

THE HOMECOMING assassination 34 years ago of Benigno S. Aquino, Jr. was commemorated on Monday, Aug. 21, by followers of the martyred senator, including the Liberal Party (LP) to which he belonged. Mr. Aquino, the leading opponent of the Marcos dictatorship, returned home from exile in the US that tragic Sunday afternoon. Before his exile […]

Rollout of OFW bank pushed back to next year August 21, 2017

THE ESTABLISHMENT of President Rodrigo R. Duterte’s promised bank for overseas Filipino workers (OFWs) will be pushed back to January next year due to processing delays, according to state-run Land Bank of the Philippines (Landbank). “September was the original [target]. Pero medyo nade-delay kami sa schedule (But we’re experiencing some delays). I was the one […]

Missing son of injured Filipino mother in Barcelona attack confirmed dead August 21, 2017

THE MISSING son of the injured Filipino mother in the Aug. 17 Barcelona attack has been declared among the 14 fatalities reported from that incident, the Department of Foreign Affairs (DFA) confirmed on Monday after the father of the seven-year-old boy positively identified his remains. DFA Secretary Alan Peter S. Cayetano has directed Foreign Affairs […]