Economy / Banking

EU business lobby fears losses as China promises to import more from US

UNTV News   •   January 16, 2020

Beijing – A European business lobby in China on Thursday said Beijing’s promise to buy $200-billion worth of products from the United States in two years as part of the...

China says trade war with US hampered its 2019 foreign trade

UNTV News   •   January 14, 2020

Beijing – China’s international trade growth slowed to 3.4 percent in 2019, affected by the trade war with the United States, a country with which exchanges decreased 10.7 percent, according...

Yuan rises 0.5 percent after US drops currency manipulation charges

UNTV News   •   January 14, 2020

Beijing – The renminbi (the official name of the Chinese currency, commonly known as ‘yuan’) rose by 6.8954 units per dollar or 0.45 percent – its highest level since August...

Asia-Pacific 2020 outlook ‘negative’ due to China-US trade war: Moody’s

UNTV News   •   January 9, 2020

Singapore – Bond credit rating agency Moody’s said Thursday it had a “negative” outlook of Asia Pacific’s 2020 sovereign credit quality due to stalled growth caused by the trade war...

Construction for MRT-4 project to begin in 2021 – DOTr

Robie de Guzman   •   January 2, 2020

MANILA, Philippines – The construction for the 15.56-kilometer Metro Rail Transit (MRT)line 4, which will link parts of Metro Manila and the province of Rizal, will begin next year, the...

DOE urged to create body to monitor new round of fuel tax hikes

Robie de Guzman   •   January 2, 2020

MANILA, Philippines – Senator Sherwin Gatchalian has called on the Department of Energy (DOE) to create a task force that will closely monitor the implementation of the new round of...

BIR reminds Filipinos anew to file income tax returns before April 15 deadline

Robie de Guzman   •   December 30, 2019

MANILA, Philippines – The Bureau of Internal Revenue (BIR) has reminded Filipinos to file their income tax returns (ITR) before the deadline in April. The BIR said there will be...

LIST: Bank schedules for the holidays

Robie de Guzman   •   December 20, 2019

MANILA, Philippines – Several branches of some banks in the country will remain open to serve clients during the holiday season. In separate advisories, the schedules of some banks are...

PH Customs clarifies guidelines on sending duty, tax-free balikbayan boxes

Robie de Guzman   •   December 18, 2019

MANILA, Philippines – The Bureau of Customs (BOC) on Wednesday clarified its guidelines in sending balikbayan boxes and the persons qualified to benefit from the privilege. In a statement, the...

Manila LGU shuts down warehouse of smuggled meat seized in Tondo

Robie de Guzman   •   December 17, 2019

The local government of Manila on Tuesday shut down a warehouse in Tondo, Manila where more than 10 tons of illegally imported meat products from China were seized. Local authorities...

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