Economy & Trade
Tesla’s Musk, White House discuss EV push
WASHINGTON—Tesla head Elon Musk met with senior White House officials Friday to discuss the Biden administration’s push to grow the...
BSP ready to further tweak policy to contain inflation
The Bangko Sentral ng Pilipinas reaffirmed its readiness to tweak its monetary policy stance to rein in inflation in the...
Fitch Solutions sees PH growing 5.9% in 2023
Fitch Solutions, a unit of Fitch Group, maintained on Friday a 5.9-percent growth forecast for the Philippine economy this year,...
H&M earnings hit by Russia exit, higher production costs
STOCKHOLM, Sweden—H&M reported on Friday a big drop in profits in 2022, with an unexpected loss in the fourth quarter...
Swedish elevator maker Kone plans to axe 1,000 jobs on slower orders
HELSINKI, Finland—Finnish elevator giant Kone announced Thursday planned restructuring that would result in around 1,000 jobs cut globally, as the...
2022 trade deficit hit record $58.3b, imports surged 17%
The country’s trade deficit widened to a record $58.32 billion in 2022 as imports surged amid high commodity prices, preliminary...
ADB lending $500m to help PH address impact of pandemic
The Asian Development Bank said Thursday it approved a $500-million (about P27 billion) policy-based loan to help the Philippine government...
German company expanding Batangas facility
ZAMA Precision Industry Manufacturing Philippines Inc., a unit of Germany’s ZAMA Group, is expanding its production capabilities in the Philippines...
2022 EU-PH trade likely breached pre-pandemic levels
EU Ambassador to the Philippines Luc Veron said Thursday the 2022 bilateral trade between the Philippines and the European Union...
US economy seen to have posted slower growth in Q4
WASHINGTON—The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.