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Asia is now the engine of global economic growth, given its young population, largely untapped natural resources and rising consumption, but the upward momentum could be disrupted by threats to peace and stability in the region, the World Economic Forum (WEF) on East Asia warned on Thursday. Delegates to the…

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NO HOUSING BUBBLE BUT

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The Philippines remains relatively safe from a housing market bubble but the country should be watchful as higher interest rates could pose a threat to the rapidly growing real estate sector. “Unless interest rates went up a lot, not much problem would arise in the property market. The biggest risk…

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Trade leaders of the Association of Southeast Asian Nations (Asean) at the World Economic Forum (WEF) underlined the need to enhance trade connectivity in the proposed Asean Economic Community (AEC) in 2015 to boost the region’s economic development. The formulation of uniform trade and customs policies was cited as one…

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The government said it will allot about P2 billion for the construction of an alternative runway south of the current main runway of the Ninoy Aquino International Airport (NAIA) Terminal 1. “In fact, doon naubos ang oras namin [this took up most of our time] – discussing that alternative runway,”…

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Philippine stocks rallied on Thursday, rebounding back to the psychologically important 6,800-point level, as investors cheered the minutes of the latest Federal Reserve Board meeting which indicated that the US central bank was not considering raising interest rates any time soon. The Philippine Stock Exchange index (PSEi) rose past the…

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SINGAPORE: Oil prices slipped in Asian trade on Thursday following healthy gains in London and New York, but losses were limited as investors were cheered by signs of a recovery in China’s manufacturing sector. The US benchmark, West Texas Intermediate (WTI) for delivery in July, eased seven cents to $104.00…

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Filipino Grandmaster (GM) Oliver Barbosa scored a couple of victories in the 4th Asian Indoor and Martial Arts Games 2013 men’s classical chess in Incheon, South Korea. Barbosa defeated FIDE Master (FM) Alkhoori Ibraheem Hohamed Ahmed of the United Arab Emirates in the first round and International Master Nguyen…

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ZAMBOANGA CITY – Two policemen were shot and killed in separate attacks in Zamboanga City, officials said Monday. PO1 Hudan Insang, 35, was driving his motorcycle when a gunman shot him several times. Insang was assigned in Isabela City in nearby Basilan province, but lived in Manicahaan village in Zamboanga…

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The Social Security System (SSS) will bid out one of its properties in Taguig City. In a press conference on Monday, SSS President Emilio de Quiros Jr. said that pension fund agency will sell its 8,300-square-meter prime land in Bonifacio Global City. De Quiros said the minimum bid price for the property…