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Trump moves ahead with fresh tariffs

By AGENCE FRANCE-PRESSE September 02, 2019 WASHINGTON, D.C.: Washington on Sunday moved ahead with imposing new tariffs on Chinese imports as it stepped up a high-pressure campaign aimed at coercing Beijing to sign a new trade deal amid fears of US and world growth slowing further. The additional 15-percent tariffs, …

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Health care, Bangsamoro laws among 2020 fiscal risks

By MAYVELIN U. CARABALLO, TMT September 02, 2019 THE interagency Development Budget Coordination Committee (DBCC) has flagged a number of measures and recently signed laws as the sources of fiscal risks for next year. In its “Fiscal Risks Statement 2020” released over the weekend, the DBCC warned that “[e]nrolled bills …

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Surveys show China manufacturing demand weak amid trade war

In this Aug. 25, 2019, photo, an employee works on the production line of a polyester manufacturer in Suzhou in eastern China’s Jiangsu province. (Chinatopix via AP) The Associated Press Published Monday, September 2, 2019 7:49AM EDT BEIJING — Two surveys of Chinese manufacturing show demand is weak amid a …

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Global stocks mixed after U.S. and China increase tariffs

Joe McDonald and David McHugh, The Associated Press Published Monday, September 2, 2019 7:26AM EDT Last Updated Monday, September 2, 2019 12:07PM EDT FRANKFURT — European stock markets drifted higher Monday while Asia was mixed after the U.S. and China escalated their war over trade and technology with new tariff …

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‘Lopez nod insignificant in PEZA charter change’

By ANNA LEAH E. GONZALES September 02, 2019 The Philippine Economic Zone Authority (PEZA) has defended its move to push for amendments to the agency’s 24-year old charter despite the lack of endorsement from Trade Secretary Ramon Lopez, who leads the PEZA board. In a recent statement, PEZA Director Charito …

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In escalating trade war, U.S. consumers may see higher prices

In this Aug. 14, 2019, photo, a woman works on a production line in a fiber optics factory in Nantong in eastern China’s Jiangsu province. U.S. President Donald Trump angrily escalated his trade fight with China on Friday, Aug. 23, 2019, raising retaliatory tariffs and ordering American companies to consider …

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PSEi stays up amid fresh hopes on US-China talks

By AGENCE FRANCE-PRESSE August 31, 2019 Renewed hopes to resolve the ongoing trade spat between the United States and China brought the local bourse to its three-day rally on Friday. The benchmark Philippine Stock Exchange index (PSEi) rose by 1.10 percent or 86.85 points to close at 7,979.66, while the …

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FMIC, UA&P keep PH growth outlook

By MAYVELIN U. CARABALLO, TMT August 31, 2019 FIRST Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) maintained their 6-to 6.5-percent growth forecast for the Philippine economy this year as they expect state spending, lower inflation rate and robust remittances to drive expansion for the …

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BSP sees Aug inflation within 1.3-2.1%

By MAYVELIN U. CARABALLO, TMT August 31, 2019 INFLATION likely decelerated further this month on the back of lower fuel, rice and power prices, the Bangko Sentral ng Pilipinas (BSP) announced on Friday. In a statement, the central bank said its Department of Economic Research projected consumer price growth “to …

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