Seoul shares tumbled by more than 3.5 percent on Friday as data fueled concerns over the U.S. economy despite the Federal Reserve’s rate-cut signals. The Korean won fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI…
MANILA: A fire razed a five-story building in a commercial district in Binondo, Manila on Friday morning, killing 11.
Investigators from the Bureau of Fire Protection (BFP) said the fire started at around 7:28 a.m.at the ground floor of the Pingco Bu…
The government will announce a set of measures to tackle rising housing prices before Aug. 15, with a focus on supply-side measures, a presidential official said Friday.
The prices of apartments, in particular, have been rising at a fast clip in Seo…
MANILA: The Department of Energy (DOE) is set to restart the reserve market early this month.
In a statement Friday, the agency said it directed the Independent Electricity Market Operator of the Philippines (IEMOP) to coordinate with the Energy Regu…
The opposition-controlled National Assembly passed a bill on providing cash handouts to the entire population Friday despite protest from ruling party lawmakers.
The bill passed in a 186-1 vote held after the Assembly, controlled by the main opposit…
MANILA: The Philippine economy likely grew at 6 percent in the second quarter of the year, an economist said on Friday.
In a Viber message, Rizal Commercial Banking Corporation chief economist Michael Ricafort said drivers of growth include the highe…
