Russians feel little economic pain now, long-term outlook darkens

LONDON, United Kingdom – For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone. US President Joe Biden may have promised that Western sanctions would wreak economic havoc in Russia, but Kechin’s business is still drawing in customers in the … Read more

Marcos should implement immediately his economic team’s advice

The former president says the incoming chief chose executive ‘the best economists’ PAMPANGA, Philippines – Former president and speaker Gloria Macapagal Arroyo on Thursday, May 26, said the Philippines could sail smoothly into a post-pandemic recovery if president-elect Ferdinand Marcos Jr. implements immediately his economic team’s advice. In an interview with after taking her oath … Read more

Shanghai heading out of lockdown but China still lost in economic gloom

Shanghai, set to officially emerge from a lockdown on June 1, is quietly easing COVID-19 curbs, allowing more of its population to venture out and putting more vehicles back on its streets BEIJING, China – Pandemic-hit Shanghai, China’s financial hub, unveiled more post-lockdown plans on Thursday, May 26, as it moves towards a return to … Read more

Economic outlook has ‘darkened,’ business and government leaders warn in Davos

DAVOS, Switzerland – Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, May 23, with some flagging the risk of a worldwide recession. Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation at its highest level … Read more

[ANALYSIS] Nasaan na ang economic team ni Marcos Jr.?

Pakigalaw ang baso, please. Noong May 11, 2016, dalawang araw matapos ang eleksiyon kung saan nanalo si Pangulong Rodrigo Duterte, binuo niya ang isang “transition team” upang planuhin na ang pagpasok ng kanyang administrasyon. Isang araw matapos noon, May 12, ibinunyag naman ni Carlos Dominguez III – finance head ng campaign team ni Duterte, at … Read more

In Japan, Biden to launch economic plan for region skeptical on benefits

The May 23 ceremony will likely signal an agreement to start discussions on IPEF rather than actual negotiations, sources say TOKYO, Japan – President Joe Biden headed to Japan on Sunday, May 22, to launch a plan for greater US economic engagement with the Indo-Pacific, facing criticism even before the program is announced that it … Read more

Economic fears hit global equities, commodities; Twitter lifts Wall Street

European stocks slid to a one-month low and commodity prices dropped on Monday, April 25, on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors already worried that higher US … Read more

Kinopya ng South Korea at Singapore ang economic blueprint ni Marcos

Binigyang pansin ni Marcos ang liberalisasyon ng ekonomiya ng bansa at pinabayaan nito ang mga lokal na industriya, kabaligtaran ng estratehiya ng South Korea at Singapore Buod Ang sabi-sabi: Kinopya ng South Korea at Singapore ang economic blueprint ni dating pangulong Ferdinand Marcos. Mark: HINDI TOTOO. Sumasang-ayon ang Rappler sa markang “Hindi Totoo” na nauna … Read more

China set to loosen credit but economic woes may be too deep for quick turnaround

Growth in the world’s second largest economy has slowed since early 2021 as traditional engines of the economy such as real estate and consumption faltered BEIJING, China – China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists say … Read more