Economy
China breaks long silence on inequality statistic
BEIJING - China released a decade's-worth of information on a key inequality statistic Friday, after keeping the measure a secret since 2000, as the issue becomes increasingly sensitive.
Global growth held back by advanced nations - WB
WASHINGTON - A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
Barclays raises PH growth forecast
British bank Barclays raised its Philippine growth projection amid election spending and improving demand for exports.
Economy projected to grow 7.5-8% this year
MANILA, Philippines - The Philippine economy is expected to further expand by 7.5 to eight percent this year on the back of heavy election spending, increased infrastructure projects, robust consumer and service sectors, and stronger tourism and gaming industry, economists said.
Britain urges bold G8 action on global economy
LONDON - British Prime Minister David Cameron called on his fellow G8 leaders on Wednesday to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.
Business newsmakers of 2012
2012 was the Philippines' breakout year. It even merited a discussion in a leading economist's book on breakout nations.
BSP sees sustained economic gains in 2013
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is optimistic the country’s economic gains this year could be duplicated in 2013 as it touted its achievements a day after the government reported its own.
U.S. Senate leaders work to avoid new year's 'fiscal cliff'
WASHINGTON - Congressional negotiators burrowed into their offices on Saturday to see if they could stop the U.S. economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.