Wall Street indexes rose on Friday after a week of blistering losses as investors returned to technology and other growth sectors, but gains were hampered by ongoing worries about US-China trade tensions and rising interest rates.

The Philippine peso traded on a flat note in the absence of fresh leads in the foreign exchange market on Friday.

NUSA DUA, Indonesia -- Indonesian President Joko Widodo urged global central bankers and finance ministers on Friday to guard against growing risks facing the world’s economy, as a heated Sino-US trade war roils both emerging and developed markets.  

Philippine shares recovered on Friday, a day after plunging to a 21-month low, as investors combed the market for oversold stocks.

The Manila Regional Trail Court Branch 42 denied on Friday Now Telecom’s plea to remove certain provisions in the government’s terms of reference for the third telco player.  

Tokyo, Japan -- Japan on Friday unveiled a plan to attract more foreign blue-collar workers, as the world’s number-three economy battles a crippling labor shortage caused by an ageing and shrinking population.

State-run China Telecommunications Corp. purchased on Friday the bid documents for the third major player in the Philippines’ telecommunications market.

President Rodrigo Duterte on Friday stressed the need to augment the country’s rice supply through importation as he maintained that the Philippines will never achieve sufficiency of the staple because of shrinking farmlands.  

Singapore-based Global Crypto Offering Exchange is targeting to launch boxing legend Manny Pacquiao’s cryptocurrency PAC Token not later than the first quarter of 2019.

SINGAPORE -- Asian shares appeared tentative on Friday, holding steady after a nine-day losing streak, but sentiment was frail after Wall Street shares crumbled and expectations of market volatility shot up to an eight-month high.

Wall Street indexes continued their slide in Thursday's volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.

The contribution of rice to inflation multiplied by 10 times to 1 percentage point this year, the Department of Finance said Thursday.  

Bread manufacturers will not increase the price of pandesal and Pinoy Tasty until the end of the year.

The Philippine peso closed unchanged on Thursday, on the lack of any positive catalyst to drive the local currency stronger.  

At least two senators are looking at sin tax revenue to fund the implementation of the proposed Universal Health Care law once it is enacted.

Share prices on the Philippine Stock Exchange plunged to their weakest levels in 21 months on Thursday after the main index broke past the critical support level at 7,000, weighed by selling pressure from the overnight sell-off on Wall Street.  

Philippine share prices broke past the critical support level at 7,000 in early trading on Thursday, weighed by declines overnight on Wall Street.  

US stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of the carnage as rising US Treasury yields sent investors fleeing from risky assets.

President Rodrigo Duterte certified on Wednesday the rice tarrification bill as urgent in order to facilitate the passage of the proposed measure to help temper inflation.

Retailers will be required to sell four  varieties of rice labelled only as «regular-milled», «well-milled», «whole grain» and «special» starting November, according to the National Food Authority (NFA).«It actually boils down to deception and mislabeling,» DA Secretary Manny Piñol said. «While it is not really dinorado, why label it dinorado, so that you can sell if for a higher price?»

Crypto assets such as bitcoin do not pose a threat to financial stability but monitoring is needed along with possible action to protect consumers, the global Financial Stability Board said on Wednesday.

The Philippine trade deficit expanded further to $3.51 billion in August as the country continued to import more during the period, the Philippine Statistics Authority reported Wednesday.

The House of Representatives on Wednesday ratified the bicameral conference committee report on the bill overhauling the charter of the Social Security System (SSS).

Advocacy group Bantay Bigas  condemns President Duterte’s plan to appoint Chinese businessman as head of the National Food Authority.

The S&P 500 and the Nasdaq rose on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.

President Rodrigo Duterte on Tuesday said he is considering postponing the implementation of excise tax on oil products.

The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes.

Tons of tomatoes have been left to rot in Kalayaan, Laguna after too much supply flooded the market.

Voting 13-4, the Senate adopted Tuesday a concurrent resolution requesting Malacañang to return to Congress the enrolled copies of the bill on the coco levy fund which President Rodrigo Duterte had planned to veto amid concerns from government agencies. 

Dell EMC on Tuesday said it has teamed up with Hong Kong and Shanghai Banking Corp. Ltd. in expanding the information technology company’s financing portfolio for partners in the Indonesia, Malaysia, and the Philippines.  

Naming the third telco player may face another delay due to the lawsuit filed by aspirant Now Telecom against the National Telecommunications Commission, the Department of Information and Communications Technology said.

Now Telecom, an affiliate of Now Corp., has sued the National Telecommunications Commission for supposedly inserting “new requirements” into the final terms for the selection of a third telco player.  

The Philippine peso retreated against its US counterpart on Tuesday, as the dollar firmed against most regional currencies after more rate hikes were projected for 2019.

Last-minute buying buoyed the PSEi after trading lower during most the session, but the broader market closed largely lower on Tuesday.  

The policy-setting National Food Authority (NFA) Council has approved the proposal of the Department of Trade and Industry (DTI) to allow big retailers to import rice, but also stipulated that the rice should be sold at a price set by the government.