https://www.scmp.com/rss/328180/feed John is the Economics Editor based in Hong Kong. Prior to joining South China Morning Post, he worked for financial wire service Market News International for 34 years in North America, Europe and Asia, most recently as Asia Managing Editor. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The US-China trade war has sent a ripple of uncertainty through the global economy but there may be a silver lining for the Philippines, even as it seeks to balance its ties and chart a middle path between its two most powerful partners. The upshot, according to government officials, is that increased infrastructure spending will eventually allow the Philippines to become “the workforce for the entire world”. According to Ernesto Pernia, the country’s socioeconomic planning secretary, the... https://www.scmp.com/news/asia/southeast-asia/article/2168207/us-china-trade-war-intensifies-philippines-seeks-balance?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/2168207/us-china-trade-war-intensifies-philippines-seeks-balance?utm_source=rss_feed Fri, 12 Oct 2018 01:16:19 +0000 An inflation crisis and slumping currency should be enough to focus Philippine President Rodrigo Duterte’s attention on his nation’s economic woes. However, the government remains optimistic, with Socioeconomic Planning Secretary Ernesto Pernia predicting inflation will fall back in line with the government’s 2-4 per cent target range “early next year”. Philippine inflation rose for a ninth straight month in September but has likely peaked at 6.7 per cent, a nine-year high, and will begin... https://www.scmp.com/news/asia/southeast-asia/article/2168057/philippines-economic-woes-could-hurt-president-rodrigo?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/2168057/philippines-economic-woes-could-hurt-president-rodrigo?utm_source=rss_feed Thu, 11 Oct 2018 05:15:45 +0000 It is unlikely that top US and Chinese trade negotiators will meet this week during a major gathering of international finance officials taking place in Bali, Indonesia, a senior US Treasury official said on Monday. US Treasury Secretary Steven Mnuchin will not meet top Chinese trade negotiator Liu He, since Liu is not expected to attend the annual meetings of the International Monetary Fund (IMF) and World Bank this week or the meeting of the Group of 20 (G20) finance ministers and central bank... https://www.scmp.com/news/china/politics/article/2167559/top-us-china-trade-negotiators-unlikely-meet-during-imf/world?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/2167559/top-us-china-trade-negotiators-unlikely-meet-during-imf/world?utm_source=rss_feed Mon, 08 Oct 2018 17:45:15 +0000 The escalating political dispute between the United States and Turkey, along with the sharp drop in the value of the Turkish currency, the lira, have captured front-page headlines in recent days. The political dispute threatens to realign major alliances while the drop in the lira threatens to undermine the global economy if it continues. The lira stabilised against the US dollar on Tuesday just above the all-time low posted early Monday, but most analysts believe the crisis is not yet over. 1.... https://www.scmp.com/news/world/middle-east/article/2159692/growing-global-links-mean-turkeys-lira-crisis-poses-risk?utm_source=rss_feed https://www.scmp.com/news/world/middle-east/article/2159692/growing-global-links-mean-turkeys-lira-crisis-poses-risk?utm_source=rss_feed Tue, 14 Aug 2018 13:00:30 +0000 The government financial committee led by Vice-Premier Liu He has ordered China’s banks to lend more to small business as Beijing tries to head off growing risks to jobs and growth from a trade war with Washington. After its second meeting under Liu, the Financial Stability and Development Committee – the agency in charge of coordinating financial policies – said the system needed to “create new dynamism” for growth and that banks must improve their internal mechanisms to encourage lending to... https://www.scmp.com/news/china/economy/article/2158197/beijing-tells-banks-lend-more-small-business-economy-slows-even?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2158197/beijing-tells-banks-lend-more-small-business-economy-slows-even?utm_source=rss_feed Fri, 03 Aug 2018 11:32:34 +0000