Financial Markets…U.S. Treasuries advanced for a fourth consecutive day in Tuesday, pushing the benchmark 10-year yield down to as low as 1.57% (the lowest since Sept. 5), as investors remained concerned about the so-called U.S. fiscal cliff.
The Philippines’ exports rebound 22.8% (y/y) in September compared to a 9% contraction in August, which was the fastest pace in almost two years led by a strong recovery of electronics sector exports directed toward two lead markets – Japan and the U.S.
Spanish borrowing costs rose to a six-week high, with the benchmark 10-year bond yield rising as high as 6 basis points to 5.96%. The country’s 2-year rate also rose, climbing as much as 7 bps to 3.28%, the highest increase in a month. Developing-country stock markets posted their longest losing streak since August, with the benchmark MSCI Emerging Market Index sliding to its fourth day and gearing for the lowest closing since mid-September.
Russian share led the decline with the benchmark Micex Index losing 1.95% as oil prices continued to drop. Elsewhere, Brazil’s Bovespa index dropped 0.4%, while the Czech Republic’s PX index retreated 1.1%. High-income Economies…Euro Area finance ministers gave a Greece a two-year extension until 2016 to meet its deficit-reduction targets
4 Reasons to explore the Consumer Market Opportunities in The Philippines
An archipelago state which is home to more than 100 million people, the Philippines is gradually transforming into a burgeoning modern consumer market
Amongst the world’s growth markets, the ASEAN trade bloc is a particularly notable success story. It significantly out-performs many developed territories as well as those which are still developing. (more…)
Duterte Harry, the life and crimes of an elected Philippine president
‘Duterte Harry’ is the first published biography of the Philippine president, and tells of his lifelong addiction to killing. It is a chilling account of what can happen when unbridled populism goes unchecked.
Does Philippine Licensing Problems Offer an Opportunity to Thailand?
This regulatory regime has produced significant income for the country and continues to play a vital role in the Philippines economy.
Philippines has for a number of years found itself in the unique position of being the only country in Asia that licenses online gambling sites, done under the auspices of the Philippine Amusement and Gaming Corporation (PAGCOR), which also runs land-based casinos in the country, along with VIP slots clubs and bingo parlours. (more…)
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...