Dr. Robert Chan, PhD of Chan Tayag Southeast Equities says the policy only makes sense if the aim is to deter arrivals and departures. Hong Kong’s strict… Read more “Covid-19: Hong Kong’s 21-day quarantine for travellers not necessary, says expert”
Category: Economics
Asian equities sluggish after fresh Wall Street records
HONG KONG – Asian markets struggled on Friday despite Wall Street benchmarks climbing overnight on the back of healthy US economic data. The S&P 500 and Nasdaq… Read more “Asian equities sluggish after fresh Wall Street records”
Gov’t to review economic goals as NCR returns to ECQ
MANILA, Philippines — Economic managers will revisit their goals after President Rodrigo Duterte approved a proposal to tighten restrictions in Metro Manila to slow down a new… Read more “Gov’t to review economic goals as NCR returns to ECQ”
Hong Kong to remain attractive to Mergers & Acquisitions
The US-China tensions made HK particularly attractive to Chinese companies, report says. Hong Kong followed suit with the global trend in merger and acquisition (M&A) activity in… Read more “Hong Kong to remain attractive to Mergers & Acquisitions”
Peso falls back to ₱50-per-dollar level
MANILA, Philippines — The Philippine peso returned to the 50 to the dollar level on Friday — its weakest performance against the greenback in more than a… Read more “Peso falls back to ₱50-per-dollar level”
PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn
Hong Kong (AdChoiceTV News) — Overseas Filipino workers sending money back home may face more scrutiny after the Philippines slipped back to the Financial Action Task Force… Read more “PH inclusion in global dirty money watchlist to affect OFW remittances, economist warn”
After a year of Hong Kong’s national security law, here’s how China has consolidated control
This report, originally published in May 2020, has been updated. “The end of Hong Kong that the world knew before.” That’s how Filipino-Chinese Hong Kong based businessman… Read more “After a year of Hong Kong’s national security law, here’s how China has consolidated control”
‘Six years of sustained growth’: Economic agencies, business groups honor Aquino’s legacy
Economic agencies and business groups joined Filipinos in paying tribute to Former President Noynoy Aquino by highlighting the impressive economic growth under his administration. In a statement… Read more “‘Six years of sustained growth’: Economic agencies, business groups honor Aquino’s legacy”
No funds yet for Bayanihan 3, gov’t admits
MANILA (AdChoiceTV News) — While President Duterte’s chief economic manager supports more financial aid to vulnerable sectors amid the prolonged pandemic, he maintains that additional spending should… Read more “No funds yet for Bayanihan 3, gov’t admits”
Tourism share to economy tumbles by over 61% in 2020
MANILA (AdChoiceTV News) — The tourism industry, among the worst hit by the COVID-19 pandemic, contributed less to the country’s economic output in 2020, data from the… Read more “Tourism share to economy tumbles by over 61% in 2020”
China denounces G7 statement, urges group to stop slandering country
‘China’s internal affairs must not be interfered in, China’s reputation must not be slandered, and China’s interests must not be violated,’ its embassy in London says BEIJING… Read more “China denounces G7 statement, urges group to stop slandering country”
Major shipping firms warn of worsening congestion at China’s Yantian port
Yantian International Container Terminal, one of China’s busiest container ports, has imposed stringent disinfection and quarantine measures since May 21 Major shipping companies have warned clients of… Read more “Major shipping firms warn of worsening congestion at China’s Yantian port”
Philippine debt hits new high of P10.99 trillion in April 2021
The Philippine government’s total debt portfolio goes up by P217.49 billion or 2% in April from end-March as it secures both local and external financing. The Philippine… Read more “Philippine debt hits new high of P10.99 trillion in April 2021”
Virus disaster leaves deep scars on India’s economy
The knock-on effects of subpar growth on a rapidly developing economy like India could be significant Expectations for India’s economic growth are being revised sharply lower as… Read more “Virus disaster leaves deep scars on India’s economy”
Some hotels OK to operate at 100%; tests not required — GCQ Classification
MANILA (AdChoiceTV News) — Here’s a treat for Filipinos chafing under the world’s longest lockdown, and a potential lifesaver for tourism establishments and workers laid low by… Read more “Some hotels OK to operate at 100%; tests not required — GCQ Classification”
This ad for a ‘helper’s bed’ in a luxury home is a stark reminder that Hong Kong needs to do better
HONG KONG — An advertisement on a marketplace platform for a “helper’s bed” crammed into an impossibly tiny room — if it can even be called one… Read more “This ad for a ‘helper’s bed’ in a luxury home is a stark reminder that Hong Kong needs to do better”
Oil gains after cyberattack forces shutdown of US fuel pipelines
LONDON — Oil rose on Monday after major US fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply… Read more “Oil gains after cyberattack forces shutdown of US fuel pipelines”
Philippines remains in recession in first quarter
MANILA (AdChoiceTV News) — The country remained in recession in the first quarter as the resurgence of COVID cases and delayed vaccine rollout prompted the government to… Read more “Philippines remains in recession in first quarter”
Online registration for National ID system to start April 30 — Neda Chief
MANILA (AdChoiceTV News) — The online registration for the Philippine Identification System (PhilSys) will start on April 30, National Economic Development Authority (Neda) Chief Karl Chua said… Read more “Online registration for National ID system to start April 30 — Neda Chief”
Manila among most expensive cities to live in Southeast Asia
MANILA (AdChoiceTV News) — A new study in six of Southeast Asia’s popular cities revealed that Manila, the capital city of the Philippines, has the third most… Read more “Manila among most expensive cities to live in Southeast Asia”
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