The Philippine Stock Exchange, Inc. (PSE) has recently approved the initial public offering (IPO) applications of real estate developer Italpinas Development Corporation, and construction firms Datem, Inc. and D.M. Wenceslao…
Brazilian soccer legend Ronaldo Nazario has announced his plan to open 30 soccer schools in China to help the country realize its football dream. The official Xinhua news agency has…
MALAYSIA – Bursa Malaysia Securities had queried Sapura Resources Bhd and Ge-Shen Corporation Bhd after both firms saw unusual market activity on Monday. The Malaysian bourse asked the two companies…
The world will soon see the largest hotel chain ever after Marriott International Inc announced that it will acquire Starwood Hotels & Resorts Worldwide, the owner of Sheraton, for USD12.2…
In a move that has not been seen since the global financial crisis, Swiss bank UBS Group has finally added senior management bankers in the Asia Pacific region and is…
BDO Unibank Inc (BDO), one of the Philippines’ leading banks, is among the recipients of the inaugural ASEAN Corporate Governance Awards Top 50 ASEAN Publicly Listed Companies, a recognition given…
SINGAPORE – Global information security and risk management company NTT Com Security has strengthened its team in Asia with the appointment of Raymond Teo to its senior management team. As…
HSBC Global Research has maintained its “buy” rating and raised its target price for Tencent (HKE:700) to HKD173. Tencent closed at HKD152.20 on Friday at the Hong Kong Stock Exchange.…
The staff experts at the International Monetary Fund (IMF) said the Chinese yuan or renminbi meets the requirements to be a freely usable currency and proposes that the IMF include…
Philippine Long Distance Telephone Company has entered into a partnership with US-based fan app developer, Hopscotch, to market and exclusively distribute Hopscotch’s mobile solutions in Southeast Asia. The company’s investment…
MANILA – Philippine-based SPi Global, the pioneering leader in the Philippine Business Process Outsourcing (BPO) industry was named as the Top Company to Work for in Asia at the recent…
Philippine stocks further dipped on Friday’s close on the continued global weakness and the impending US Fed rate hike. The Philippine Stock Exchange Index (PSEi) lost 0.17 percent or 12.05…
Steel & Tube Holdings Ltd (NZE:STU), New Zealand’s biggest steel distributor, posted sales of $502 million for the year ending June 2015, with after-tax profits up by 20 percent to…
AUSTRALIA – Audalia Resources Ltd (ASX:ACP) has announced that the Department of Mines and Petroleum has granted mining lease application M63/356 for the Medcalf Project. Earlier in the week, Audalia…
MANILA, Philippines – NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group of Japan, one of the world’s largest telecommunications services providers, and…
MANILA, Philippines – The sustained earnings momentum of its telecommunications, real estate and banking units, including capital gains realized in the third quarter, drove Ayala Corporation (PSE:AC)’s net earnings in…
PHILIPPINES – San Miguel Corporation (PSE:SMC)’s consolidated operating income grew 23 percent to Php58.1 billion in the first nine months of the year on higher revenues from its infrastructure unit…
PHILIPPINES – Vista Land & Lifescapes Inc (PSE:VLL) signed an agreement to acquire approximately 88.25 percent of the of the outstanding common capital stock of Starmalls, Inc for about Php30.185…
JEJU ISLAND – Jeju Island’s gaming regulator, CRD, has imposed an administrative penalty of one month suspension of gaming operation of Jeju Sun casino as penalty for the acts of…
PHILIPPINES – Energy Development Corporation (PSE:EDC) reported a consolidated recurring net income attributable to equity holders of the Parent of Php7.0 billion for the first nine months of 2015, down…
