T-bills demand strong despite MECQ risks to economy
MANILA, Philippines — Investors snapped up P20 billion in treasury bills at rates that fell across-the-board on Monday as oozing domestic liquidity outweighed any sentiment on the return of Metro…
Indonesia reopens migrant worker placement to boost economy amid coronavirus pandemic
Indonesian migrant workers from East Java occupy a rented house in Klang Lama, Kuala Lumpur on March 27. Indonesian workers in Malaysia have faced difficulties providing for themselves after Malaysia…
US economy shrank at record-breaking 33% rate last quarter
In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a…
S. Korea’s economy shrinks 2.9% in Q2, worst since 1997 financial crisis
Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s economy contracted at a sharper rate than what had been expected in the second quarter, delivering the worst performance…
S. Korea revises tax rules to respond to post-coronavirus economy
Deputy Prime Minister and Finance Minister Hong Nam-ki. (Yonhap) SEOUL — South Korea on Wednesday unveiled a set of revised taxation rules aimed at better dealing with the widening economic…
BSP releases P10B into economy with reserve requirement cut for smaller banks
BSP Governor Benjamin Diokno. INQUIRER file photo / EARVIN PERIAS MANILA, Philippines — The central bank on Tuesday ordered the release of more liquidity into the local economy, this time…
BSP’s P1.3-T cash infusion helping right PH economy
MANILA, Philippines — Cash poured into the local financial system by the central bank continued to help stabilize domestic liquidity conditions and and is helping ensure that money is available…
China’s economy grows 3.2% as virus lockdowns lifted
BEIJING — China became the first major economy to grow since the coronavirus pandemic began, recording an unexpectedly strong 3.2% expansion in the latest quarter as anti-virus lockdowns were lifted…
China’s trade rises as economy recovers from virus slump
A worker wearing a face mask to protect against the new coronavirus guides the loading of a shipping container at a container port in Qingdao in eastern China’s Shandong Province,…
Stocks slam into reverse as virus keeps scarring economy
NEW YORK — Wall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to…