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A STEEP rise in oil and food prices triggered by the war in Ukraine could hit Asian economies hard, with the Philippines among the biggest losers, the Japan-based global investment firm Nomura predicted. "Although ongoing geopolitical tensions between Russia-Ukraine can hurt Asia through multiple channels, such as tighter global financial conditions, elevated uncertainty and the risk of weaker global demand, higher commodity prices are the most important transmission channel," Nomura said in a report released on Friday. Brent crude oil prices, which are now over $100 a barrel, reflect the geopolitical risk from the conflict, it said. Russian forces launched a land, sea and air invasion of Ukraine Thursday. Nomura said food prices have already gone up, partly because Russia is one of the world''s biggest producers of wheat and corn, but also because of the impact of higher oil prices on transportation, fertilizer and feedstock costs, and biofuel substitution. The fallout from the war will be deeply felt in Asia, where most nations import oil, and food and energy account for roughly half of emerging market consumption expenditure, it said. "In Asia, India, Thailand and the Philippines are the biggest losers, while Indonesia would be relative beneficiary from higher commodity prices," Nomura said.

CLEVELAND, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Ever

CLEVELAND, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Everco

BRUSSELS (Reuters) EU antitrust regulators will decide by March 28 whether to clear U.S. engineering and aerospace company Parker-Hannifins 6.3-billion-pound ($8.57 billion) bid for British rival Meggitt, according to a European Commission filing on Monday.

The Philippines and the United Kingdom (UK) have agreed on a joint work plan that will guide them

People flock to Ilaya in Binondo, Manila to shop on Jan. 2, 2022. Metro Manila will be under Alert Level 3 starting Jan. 3 until Jan. 15 due to the rise of COVID-19 cases.(FILE PHOTO BY ALI VICOY / MANILA BULLETIN) The Department of Health (DOH) announced 1,923 new COVID-19 cases on Saturday, Feb. 19. The last time that the Philippines recorded below 2,000 cases was on Dec. 30, 2021 with 1,623 new cases then. The new infections pushed the countrys cumulative case total to 3,650,748. Most of the new cases were found in the National Capital Region, Calabarzon, and Central Luzon. Of the total number of cases, only 62,533 cases remain active as of Saturday. The DOH said 57,104 of the active cases have mild symptoms, 2,854 are in moderate condition, 1,420 are severe, 851 are asymptomatic, and 304 are in critical condition. There were 5,158 new people who have recuperated. This figure brought the recovery count to 3,532,608 or 96.8 percent of the case total. However, the fatalities jumped by 198, bringing the death toll to 55,607 or 1.

CLEVELAND, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Barc

THE Philippines'' investment-grade credit rating of "BBB" has been retained by Fitch Ratings with a negative outlook, citing the country''s strong economic and external position, as well as weak structural issues. "Philippines'' rating balances strong external buffers and growth against lagging structural indicators, including per capita income and governance," it said in a statement issued on Friday. The Philippines'' external finances remain a credit strength, Fitch highlighted, with foreign currency reserves of $109 billion at the end of 2021, only slightly lower than $110 billion in 2020 and well above pre-pandemic levels, thanks to proceeds from international borrowing, multilateral sources and an upward adjustment in the value of the Bangko Sentral ng Pilipinas gold holdings. It also said that the country is a net external creditor, with net foreign direct investment flows rising 52.5 percent from the same period in 2020 to $9.2 billion in the first 11 months of 2021. In terms of economic growth, the credit rating agency anticipates that the Philippine gross domestic product (GDP) will rebound to 6.9 percent this year and 7 percent in 2023, up from 5.6 percent last year, before settling at 6 percent to 6.5 percent.

CLEVELAND, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Barcla

Style Box ETF report for JHMM

MANILA – The European Union Delegation in Manila on Thursday reminded the Philippines to submit its formal reply over the deficiencies found by the bloc in its seafarer training standards on or before March 10. The reminder came days after a recent meeting between the Philippine authorities and European Commission Director-General for Mobility and Transport Henrik […]

The Department of Health reported on Thursday, Feb. 17, 2,196 new coronavirus disease (COVID-19) cases and 107 deaths due to the virus. Members of the Manila Police District (MPD) Precinct Station 2 remind bargain shoppers along Ilaya in Tondo, Manila, that children, senior citizens and unvaccinated individuals are not yet allowed outside their residence due to the resurgence of COVID 19 cases on Jan. 5. (ALI VICOY/ MANILA BULLETIN) Thursday’s case bulletin brings the total number of cases to 3,646,793 since the beginning of the COVID-19 pandemic. Active cases stood at 66,588 or 1.8 percent of the total number of cases. Among the active cases, 60,848 are mild; 2,913 are moderate; 1,428 are severe; 1,090 are asymptomatic, while 309 are in critical condition. DOH said that of the 2,196 reported cases, 2,078 or 95 percent occurred within the recent 14 days from Feb. 4 to Feb. 17. The top regions with cases in the recent two weeks were NCR (358 or 17 percent), Region 6 (307 or 15 percent) and Region 4-A (214 or 10 percent).

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MANILA – AirAsia Philippines is set to launch two new domestic routes in April and May, and relaunch three international destinations in April to help hasten the recovery of the labor and tourism sectors from the impact of the Covid-19 pandemic. “The resumption of flights to key cities in Asia will not only spur economic opportunities. […]

The Department of Health (DOH) reported 2,730 additional cases of the coronavirus disease (COVID-19) as well as 164 deaths due to the virus on Monday, Feb. 14. People flock to Ilaya in Binondo, Manila to shop, with the National Capital Region enjoying the benefits of easing of alert levels. (FILE PHOTO BY ALI VICOY / MANILA BULLETIN) DOH said that of the 164 deaths, 86 occurred in February 2022 (52 percent), 52 in January 2022 (32 percent), six in December 2021 (4 percent), two in November 2021 (1 percent), six in October 2021 (4 percent), eight in September 2021 (5 percent), two in August 2021 (1 percent), and two in July 2021 (1 percent) due to late encoding of death information to COVIDKaya. “This issue is currently being coordinated with the Epidemiology and Surveillance Units to ensure information is up to date,” DOH stated. Monday’s update brings the total number of cases since the start of the pandemic to 3,639,942. Active cases stood at 76,609 with 93.8 percent of it are mild and asymptomatic, according to DOH.