MANILA, PHILIPPINES – The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said preliminary data showed that the country’s gross international reserves (GIR) increased to USD80.8 billion…
MANILA, PHILIPPINES – EastWest Banking Corporation (EW) listed more than 371 million shares from its recently concluded stock rights issuance at the Philippine Stock Exchange (PSE) and raised P8 billion…
CEBU, PHILIPPINES – The Philippines has unofficially broken the world record for the largest cervical cancer screening at a single time following the free cervical cancer screening held in Cebu…
CEBU, PHILIPPINES – A buy-bust operation resulted to the arrest of a suspected female drug courier and the seizure of at least P4.7-million (USD105,000) worth of substance believed to be…
CANADA – The Philippines and Canada have pledged to further strengthen their bilateral relations during the state visit of Philippine President Benigno S. Aquino III to the country, the Philippine…
SYDNEY, AUSTRALIA – Just Eat, the UK-headquartered online and mobile marketplace for takeaway food, is set to acquire its Australia and New Zealand rival Menulog Group Ltd for AUD855 million,…
WASHINGTON – Unemployment rate in the United States dropped to 5.4 percent in April, the lowest rate since May 2008, after 223,000 jobs were created during the month, the Bureau…
TOKYO, JAPAN – Expatriates in Japan turned out to earn the highest expat pay and benefits packages in all of Asia, with expatriate manager getting a package of up to…
SHANGHAI – Alibaba Group Holdings has named Daniel Zhang, the group’s current chief finance officer, as its new Chief Executive officer starting 10 May, replacing Jonathan Liu. Alibaba said Liu,…
NEPAL – Nepal’s devastating earthquake is expected to result to economic losses of as high as USD5 billion, more than double previous estimates of USD2 billion and equal to 25…
HONG KONG – Chinese state-owned financial and insurance group China Taiping Insurance said in a securities filing that it plans to raise HKD13.48bn (USD1.74bn) in a private share sale. The…
Fifth Street Asset Management, a rapidly growing asset manager that provides credit solutions to small and mid-sized businesses, announced that David A. Heilbrunn will join the company as a Managing…
CEBU, PHILIPPINES – Tsuneishi Heavy Industries (Cebu), Inc (THICI) hit the ground running at the beginning of the year as Akihiko Mishima was appointed president and CEO, effective January 2015.…
SINGAPORE – Singapore Airlines and Croatia Airlines customers can now enjoy more choice and convenience when traveling between Singapore and Croatia as a result of a new codeshare agreement between…
TEXAS, USA – American Airlines Group Inc. announced the appointment of two Air Operations officers to its leadership team. Kimball Stone has been named Vice President – Flight where he…
Filipino boxing icon Manny Pacquiao is now recovering from the shoulder operation that lasted for two hours at Kerlan Jose Orthopedic Clinic in Los Angeles, California. Pacquiao underwent the operation…
MALAYSIA – U for Life, Malaysia’s first Internet insurance platform, has been launched to provide Malaysians an easy access to life insurance products online. U for Life issues e-policies instantly,…
San Francisco-based video-game maker Zynga announced that it will cut about 18 percent of its workforce by the fourth quarter of this year, a move that is expected to affect…
LEGAZPI CITY, PHILIPPINES – Authorities have ordered the evacuation of families living within the permanent danger zone around Mount Bulusan in Sorsogon as the volcano continues to spew ashes. The…
The International Monetary Fund (IMF) launched a regional photo contest entitled “Latin America and the Caribbean: Through the Eyes of its Youth” for Latin American and Caribbean youth. The contest,…
