Phoenix Petroleum

Phoenix Petroleum To Acquire Petronas Philippines

Phoenix Petroleum Philippines, Inc has secured approval from the Philippine Competition Commission (PCC) to acquire the entire equity interest of PDB (Netherlands) B.V. (PDBN)...
Philippine Stocks

Philippine Stock Exchange: Weekly Top Gainers

The Philippine Stock Exchange index (PSEi) ended this week's trading with 0.01 percent gain while All Shares dropped 0.04 percent. Here are this week's...
Vivant Corporation

Power Firm Vivant Eyes US$40 Million Additional Investments

PHILIPPINES - Cebu-based listed energy firm Vivant Corporation is eyeing to invest P2 billion (US$40 million) more for this year and next to further...
AIIB meeting

Mumbai to Host AIIB Meeting in 2018

The third annual meeting of the China-led Asian Infrastructure Investment Bank (AIIB) in 2018 will be held in Mumbai, India. This was the decision of...
Village Roadshow

Village Roadshow Sells 50% Stake in Golden Village Singapore

Australia-listed Village Roadshow Limited (ASX:VRL) has agreed to sell its 50 percent stake in Singapore cinema exhibition business Golden Village to mm2 Asia Ltd...
Cebu Business Month

Cebu Business Month Officially Opens

PHILIPPINES - The Cebu Business Month (CBM) 2017 has officially opened, with Information Technology - Business Process Management (IT-BPM) as one of this year’s major...
Credit Ratings

China, Hong Kong Credit Ratings Cut

Moody’s Investors Service cut its credit rating on Hong Kong just a few hours after it did the same on China’s. It cut Hong Kong...
Cloud Expo Asia Hong Kong

Cloud Expo Asia Returns to Hong Kong

HONG KONG - For the second time, Hong Kong plays host to Cloud Expo Asia and Data Centre World, the multi-award winning global event...
Asean Economy

Credit Worthiness of ASEAN Countries Intact – StanChart

CEBU, Philippines - Credit worthiness of member-countries of the Association of Southeast Asian Nations (ASEAN) remain intact especially since the earlier feared slowdown of...
ASEAN Finance Ministers

12th ASEAN Finance Ministers Investors Forum Set in Cebu

The island of Mactan in the province of Cebu is hosting this week the 12thASEAN Finance Ministers Investors Seminar (AFMIS), which aims to tackle...
ASEAN Finance Ministers

ASEAN Finance Ministers, Central Bank Governors To Meet in Cebu

MACTAN, Cebu - Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting starting Monday, 03 April, in...
UOB Vietnam

Singapore’s UOB Gets Approval to Set Up Subsidiary Bank in Vietnam

United Overseas Bank Limited (UOB) becomes the first Singapore bank to receive preliminary approval to set up a foreign-owned subsidiary banks in Vietnam. The State...
Mazda Bermaz Auto

Philippine Mazda Distributor’s P1.24bln IPO Gets SEC Approval

The Philippine Securities and Exchange Commission (SEC) has approved the P1.24 billion initial public offering (IPO) of Bermaz Auto Philippines Inc, the exclusive distributor...
Zalora

Ayala Land Acquires Stake in Zalora Philippnes

Ayala Land Inc (PSE:ALI) has acquired an ownership stake in online fashion platform Zalora Philippines (Zalora), the country's largest online fashion destination. Ayala Land joined...
Asean

ASEAN Labor Leaders Optimistic on Implementation of Migrant Workers’ Rights Declaration

Labor officials of member states of the Association of Southeast Asian Nations (ASEAN) meeting in Davao City, the Philippines, are optimistic that the ASEAN...
Philippine Stock Exchange Blue Chips

Philippine Stock Exchange: Top Blue Chips To Watch

Blue chips at the Philippine Stock Exchange (PSE) ended the week with a lackluster performance, with only six of the 30 indexed stocks posting...
FDI Philippines Remittances

Philippine FDI Hits USD7bn in 11 Months in 2016

Foreign direct investments (FDI) in the Philippines recorded net inflows of US$756 million in November 2016, higher by 59.4 percent than the US$474 million...
Grab Indonesia

Fast Facts on Grab’s $700 Million Investment in Indonesia

Southeast Asia's ride-hailing platform Grab is investing up to US$700 million in Indonesia over the next four years, according to the country's Investment Coordinating...

Cebu Landmasters To Invest US$241 Million in 2017 Expansion

PHILIPPINES - Cebu Landmasters Inc (CLI), the top Cebu-based developer with the second highest market share of residential condominium units in Cebu, is projecting...
Ant Financial MoneyGram

Ant Financial Expands Global Footprint with MoneyGram Acquisition

Ant Financial, the financial arm of Chinese e-commerce giant Alibaba, is further expanding its global footprint with the acquisition of American money transfer firm...