Latest news with #RAMONROYANDOYAN
Nikkei Asia
2 days ago
- Nikkei Asia
Philippines criticizes 'dangerous maneuvers' after Chinese ships collide
This image taken from video provided by the Philippine Coast Guard shows a damaged Chinese Coast Guard ship after a collision with a Chinese naval vessel in the disputed South China Sea on Aug. 11. (Philippine Coast Guard via AP) JAMES HAND-CUKIERMAN and RAMON ROYANDOYAN August 12, 2025 17:22 JST TOKYO/MANILA -- The Philippines' Department of Foreign Affairs on Tuesday said it was "seriously concerned by the dangerous maneuvers" of a vessel from the China Coast Guard and another from the People's Liberation Army Navy, after footage showed the two Chinese ships colliding during a tense South China Sea encounter the previous day.
Nikkei Asia
07-08-2025
- Business
- Nikkei Asia
Philippine midterms, trade front-loading help 2nd-quarter GDP expand 5.5%
Economy Analysts expect global headwinds to weigh on output in second half of year Voters cast their ballots at a Manila polling station in the Philippines' midterm elections on May 12. The campaign was a significant contributor to the country achieving GDP growth of 5.5%. (Photo by Suzu Takahashi) RAMON ROYANDOYAN MANILA -- The Philippine economy expanded by 5.5% in the second quarter, anchored by spending for May's midterm elections that lifted household and government consumption.
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
Jollibee founder-affiliated Hotel101 to debut on Nasdaq on Tuesday
Trading in Hotel101 shares is set to start on July 1, after completing a merger with JVSPAC Acquisition, a Nasdaq-listed special purpose acquisition company. (DoubleDragon) RAMON ROYANDOYAN MANILA -- Hospitality and prop-tech firm Hotel101 is set to start trading on the Nasdaq on Tuesday, a first for a Philippine company. Hotel101 is a subsidiary of Philippines-listed property firm, DoubleDragon. The company on June 27 secured approval to list its shares on the Nasdaq Stock Exchange under the ticker symbol "HBNB."
Nikkei Asia
26-06-2025
- Business
- Nikkei Asia
Philippines downgrades 2025 GDP growth target to 5.5-6.5%
Economy Government cites global uncertainties over trade war and Middle Eastern situation People walk past a market beside the railways in Paranaque City, Metro Manila. © Reuters RAMON ROYANDOYAN MANILA -- The Philippines slashed its economic growth target for 2025 down to a range of 5.5% to 6.5%, from the previous 6.0-8.0%, owing to heightened global uncertainties amid Washington's ongoing trade war and tensions in the Middle East. The government's economic managers announced the revised figures on Thursday after their interagency meeting.
Nikkei Asia
23-06-2025
- Business
- Nikkei Asia
Philippine central bank cuts rates to boost economic growth
The Philippine peso, which in April was stronger than it had been since August 2023, has allowed Bangko Sentral ng Pilipinas to further ease its monetary policy. © Reuters RAMON ROYANDOYAN MANILA -- The Philippine central bank on Thursday trimmed its benchmark rate by 25 basis points as it moved to support economic growth, wielding policy flexibility recently gained from the deceleration of inflation. With the cut, Bangko Sentral ng Pilipinas brought the overnight repurchase rate to 5.25%.
