Philippines

  • The Philippines' trade deficit widened by 38 percent to $58.3 billion in 2022 from $42.2 billion in 2021 as imports show signs of recovery from market disruptions caused by the pandemic in 2020, according to preliminary data at the Philippine Statistics Authority. The trade deficit in 2022 was also more than double the $24.6 billion […]
  • The Asian Development Bank (ADB) has approved a $500-million loan to help the Philippine government address the impact of the COVID-19 pandemic on jobs, livelihoods, and the labor market. The ADB said in a statement the loan would also help create an enabling environment for existing and emerging businesses to flourish and spur more employment. […]
  • Philippine shares fell lower on Thursday on concerns elevated prices would hurt spending this year despite new government data showing the economy grew at its fastest pace in over 40 years in 2022. By the closing bell, the benchmark Philippine Stock Exchange index shed 0.55 percent, or 38.66 points, to 7,042.70 while the broader All […]
  • AirAsia Philippines is eyeing to fully restore its international capacity this year with the further easing of border restrictions in several countries, including China, which has been supporting its recovery. "With the reopening of the China market, we are highly optimistic in restoring our international capacity this year," said Steve Dailisan, the budget carrier's head […]
  •   LONDON — British postal firm Royal Mail is restarting some of its international export services, the company said on Thursday, two weeks after its operations were disrupted by what it called a "cyber incident." Royal Mail will be resuming its International Tracked and Signed, and International Signed services to all destinations for business account […]
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