Philippines
Central banks are increasingly buying gold from local mines as prices surge
Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the metal, although uncertainty over the U.S.-China trade agreement kept investors cautious and limited the bullion’s decline. Sven Hoppe | Picture Alliance | Getty Images Central banks are increasingly looking to bolster their gold reserves. […]
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Asians are avoiding trips to the U.S. this year — for a variety of reasons
Tough talk on tariffs, reports of border detentions and unfavorable exchange rates are putting some travelers, especially Canadians, off trips to the United States this year. But those in Asia say they’re avoiding trips to the U.S. for different reasons. Nearly 80% of Southeast Asian travelers said the United States is losing appeal as a […]
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CNBC Daily Open: AI is drawing investors’ attention away from fresh tariffs
Cranes unload the cargo of Panamanian flagged bulk carrier Star Taishan at the Port of Rio Grande, southern Brazil, on May 6, 2025. Silvio Avila | AFP | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin […]
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CNBC Daily Open: More tariff letters are out, but investors have their eyes on AI
Aerial photo taken on April 3, 2025 shows a view of a port in Rio de Janeiro, Brazil. Wang Tiancong | Xinhua News Agency | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1. […]
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Fund managers are pouring money into emerging markets. Here’s where investors see opportunities
Volatility has gripped global equity markets this year — and according to some asset managers, now could be the perfect time to rethink emerging markets. Developing economies were hit particularly hard by U.S. President Donald Trump’s so-called “reciprocal tariffs” plans when he unveiled them in April, with Sri Lanka, Cambodia and Vietnam slapped with tariffs […]
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Cebu Pacific COO on rising fuel prices and growth outlook: We will try to control what we can control
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Xander Lao, President & COO of Cebu Pacific, shares the airline’s growth outlook and contingency plans to cope with higher fuel prices. 04:53 19 minutes ago Source
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Asia-Pacific markets fall after reports of Israeli military strikes on Iran
Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day. Yongyuan | E+ | Getty Images Asia-Pacific markets traded mixed Friday as reports of an Israeli military strike on Iran kept investors jittery after Wall Street gained on solid U.S. economic data. Japan’s benchmark Nikkei 225 fell 1.28% while […]
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Billionaire Razon to buy 60% stake in First Gen’s gas assets for $896 million
Filipino businessman Enrique K. Razon Jr. speaks during an interview. Bloomberg | Bloomberg | Getty Images Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday. The parties have signed a term sheet, which shows another upcoming facility located in […]
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Philippines says China has not seized disputed South China Sea reef
Philippine coast guard personnel and a Chinese coast guard ship on April 23, 2023. Ted Aljibe | Afp | Getty Images The Philippines said Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there. Chinese state broadcaster CCTV on Friday […]
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These 10 Asian markets offer high returns on short-term rentals — half top $40,000 a year
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]
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