Economy

  /  Economy

STOCK PHOTO Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in semiconductors to drive a rally next year, while they see Japan’s market as resilient thanks in part to its weak currency. The calls come as

BW FILE PHOTO Central bank governor Felipe M. Medalla on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand R. Marcos, Jr., saying transparency over its governance would be key. Mr. Medalla, in an

REUTERS LAGOS/BANGKOK — Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” — his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX. In South

BW FILE PHOTO MANILA — The Philippine central bank will hike interest rates this month, though the monetary board is likely to be split over whether to raise the policy rate by 25 or 50 basis points, its governor said on

In this age of pandemic, one of the most crucial aspects in the car-buying decision is safety—especially at a time when people are revenge-traveling and going back to face-to-face work and school. And we’re not talking about your basic seatbelts, airbags,

REUTERS By Luisa Maria Jacinta C. Jocson, Reporter FACTORY ACTIVITY in the Philippines expanded for a tenth month in a row in November, although jobs fell for the first time since March, a survey by S&P Global showed on Thursday. The S&P Global

Passengers wait inside the Ninoy Aquino International Airport Terminal 3 in Pasay City, Oct. 29. The growth in remittances is expected to slow next year amid a looming global economic slowdown. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Keisha B. Ta-asan,