China

This image is about peso appreciated against the US dollar

For Monday’s second consecutive trading day, the Philippine peso appreciated against the US dollar, bolstered by optimism about China-U.S. trade talks. To close at P51.08:$1 from P51.135:$1 Friday, the local currency gained 5.5 centavos. Market economist Guian Angelo Dumalagan, Philippine Land Bank, said the peso-dollar rate was influenced by progress in trade talks between China and the United States. The office of the U.S. Trade Representative said top-level negotiators had

This image is about the Communist Party of China

The Communist Party elite of China kicked off a crucial meeting on Monday in Beijing as the country’s leadership faces pro-democracy demonstrations in Hong Kong, a protracted trade war, and a slowing economy. The Central Committee of the Party’s Fourth Plenum is a closed-door gathering of high-ranking officials that examines the vision of the nation and its future direction. President Xi Jinping delivered a work statement on behalf of the

This image is about Retreat of peso

The Philippine peso withdrew from the US dollar on Tuesday, after appreciating for four consecutive trading days, on the back of strong demand for the greenback. Local currency lost 7.5 centavos to close at P51.18:$1 versus P51.105:$1. Tuesday’s session was the first time that the peso had closed softer than the US dollar since it rebounded last Wednesday, October 16. Going forward, Mapa said that the market will track trade

This image is about Philippines peso and US dollar

Before local economic data was made available, the Philippines peso bounced up against the US dollar. 12.5 cents of the local currency fell to P51,815:$1 versus P51,94:$1 on Wednesday. The Philippine Statistics Authority (PSA) is scheduled to release September inflation data on Friday, October 4, with the central bank forecasting a slowdown to settle between the range of 0.6 to 1.4%. In contrast, the publication of recent economic data in

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Malacañang rejected Wednesday’s call by former top diplomat Albert del Rosario from the Philippines to increase Manila’s legal win over the South China Sea over Beijing as world rulers gather at the 74th session of the General Assembly of the United Nations (UN). Bringing up the 2016 decision that invalidated China’s sweeping claims to the meeting over the resource-rich waters would be “pointless” as the UN has no “enforcement force.”

Trudeau

Canadian Prime Minister Justin Trudeau accused Beijing on Thursday of using “arbitrary detentions” as a instrument to pursue political goals— the recent wide-ranging diplomatic and trade row with China. The canadian president stated that western allies have expressed concerns about the tactic that observers described as “hostage diplomacy.” Following his arrest last December of Chinese Huawei ceo Meng Wanzhou on a US warrant, Canada’s relations with China were softened. Nine

West PH Sea

The Philippines must investigate oil and gas reserves in China, which are thought to be deep under the West Philippine Sea, unless other individuals step up Manila and Beijing signed an agreement on joint oil and gas exploration during President Rodrigo Duterte’s visit to China last week, and another on the push for belt and road infrastructure, Locsin stated during a budget briefing before the appropriations committee of the House

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China’s Hong Kong affairs department condemned what it called “near-terrorist acts” at Hong Kong airport and reiterated support for local authorities to heavily punish those involved in the Chinese-controlled town in the midst of an escalating crisis. In a declaration published on Wednesday, the Hong Kong and Macao Affairs Office also highly condemned assaults by what it said were violent demonstrators against a reporter from China’s Global Times newspaper and

Duterte

On Thursday, President Rodrigo Duterte said he sees nothing wrong with China’s proposal to share oil resources in the West Philippine Sea as long as Manila receives the larger share. The president is planned to travel to China later this month— the fifth time since he took office in 2016—to discuss maritime problems with president Xi Jinping. Duterte said he planned to follow the sharing agreement as he brought Manila’s

albart

Former Secretary of Foreign Affairs Albert del Rosario said Friday the Philippine government should consider bringing its naval conflict against China to the General Assembly of the United Nations. Del Rosario said the Philippine government should seek assistance to force China to stick to its arbitral victory in the disputed waters. In 2016, the Permanent Court of Arbitration (PCA) in The Hague upheld Manila’s sovereign rights to its 200-nautical-mile exclusive