BEIJING (PNA/Xinhua) — Chinese police have launched a nationwide campaign against underground banks to maintain order in the financial and capital market, the police said Monday. Meng Qingfeng, vice minister…
KUALA LUMPUR, Aug. 25 (PNA/Bernama) — Malaysia’s forecast of achieving between 4.5 percent and 5.5 percent Gross Domestic Product (GDP) growth remains intact despite facing some challenges, said International Trade…
Global stock market sell off continues Monday as China’s stock market falls again, causing worries among investors. Four minutes after the opening bell, the Dow fell as much as 6…
About USD2.2 trillion was believed wiped out from the value of global stocks within just four days of trading last week, Bloomberg has estimated, partly due to concerns about the…
Uniqlo makes life better for Cebuanos at it unveils its Fall Winter 2015 collection in the “Queen City of the South”, Cebu City in the Philippines. The new collection will…
Singapore’s flag carrier, Singapore Airlines, will continue sponsoring the country’s Formula One grand prix after it extended its title sponsorship until 2017, the airline said in a statement. Singapore Airlines,…
This Asian country has been identified as the world’s top when it comes to insurance penetration, even surpassing the United States and Japan, two of the world biggest markets in…
CEBU CITY – The first batch of delegates attending the Asia Pacific Economic Conference (APEC) meetings arrived in Cebu on Thursday as security officials placed the entire Central Visayas region…
Initial estimate on insurance losses from the devastating twin blast in the Chinese port of Tianjin was placed between USD1 billion to USD1.5 billion but credit ratings agency Fitch believes…
Insurance companies that will receive claims related to the deadly twin blasts that rocked the northern port city of Tianjin should immediately process the claim and provide support, the China…
INDONESIA – The Indonesian government announced plans to trim the country’s corporate income tax rate in 2017, a move seen by analyst as among the measures that President Joko Widodo…
MALAYSIA – The Malaysian China Association (MCA), a Malaysian political party that represents the Malaysian Chinese ethnicity, assures support for business suffering from the depreciating currency and the effects of…
Indonesia’s Financial Services Authority (OJK) revealed that it was closely monitoring the country’s insurance industry, especially the industry’s exposure to bonds and stocks. Authority head Muliaman Hadad told Reuters that…
CEBU CITY – Pope Francis is likely to come to Cebu for the International Eucharistic Congress (IEC) set in January, a reliable source who refused to be identified pending the…
Viet Nam National Vegetable, Fruit and Agriculture Product Corp Ltd (Vegetexco) is set to hold its initial public offering (IPO) on 04 September, with plans to sell 27.67 million shares,…
The Asia Pacific Economic Cooperation National Organizing Council (APEC NOC) has released the result of its investigation on the alleged overpricing of hotel rooms rates in Cebu ahead of the…
Wyndham Hotel Group has signed seven additional Ramada properties across China, in the provinces of Sichuan, Shandong, Hubei, and Jiangsu, the company said in a statement. The announcement by Wyndham,…
Prices of oil in the world market could hit new lows this year due to increased production and peak seasonal refinery maintenance in October, JP Morgan has predicted. Reuters has…
The Australia and New Zealand Banking Group (ANZ) has officially put its stake in Indonesia’s Panin Bank on a formal auction as it seeks to divest its 39 percent stake…
HARRIS COUNTY, TEXAS – A police stand-off in a Harris County home in Texas Saturday night resulted to the death of five children and three adults, police said. A 49-year-old…
