Hilton Opens Garden Inn in China’s Xian City
Hilton Garden Inn, Hilton Worldwide’s upscale global hotel brand, has announced the opening of Hilton Garden Inn Xi’An/Hi-Tech Zone, which also marked the brand’s debut in Xi’an City and the…
Solvency II Will Drive Increased Demand for Reinsurance – Fitch
Solvency II (S2) will increase demand for reinsurance products as under the new regulatory regime insurers can strengthen their capital position through risk transfer, Fitch Ratings says. We expect the…
Lotte Hotel Postpones Overseas Roadshow of IPO
Hotel Lotte, the hotel unit of South Korea’s retail giant Lotte Group, has reportedly adjusted the starting date for the overseas roadshow for its USD4.8 billion IPO. A Reuters report…
Boxing Benefited From Ali’s Talents – Manny Pacquiao
Eight division world boxing champion and incoming Philippine senator Manny Pacquiao expressed grief on the passing of one of his boxing idols, Muhammad Ali. In a statement, Pacquiao said he…
2 Cops Killed in Sorsogon Ambush
PHILIPPINES – Two police officers were killed and one civilian was injured in an ambush allegedly staged by armed group New People’s Army (NPA) in Bulan town, Sorsogon. The fatalities…
Bank of East Asia Closes Securities Unit in HK
Bank of East Asia Ltd (BEA), Hong Kong’s largest listed family-run bank, is closing all branches of its securities unit as part of cost-cutting effort. In a statement, BEA said…
Cebu Airport Terminal 2 On Track For June 2018 Opening
The construction of the new passenger terminal building or Terminal 2 at the Mactan-Cebu International Airport (MCIA) is on track for delivery in June 2018, the airport management said. In…
Top 10 Philippine Stocks This Week
Philippine stocks, except for mining and oil, posted gains this week, with the Philippine Stock Exchange Index (PSEi) closing 1.38% higher at 7,514.22 points and All Shares gaining 1.27% to…
Russia’s FSB Nabs 50 Malware Hackers
Russia’s internal security service FSB has busted a hacking ring allegedly behind the US$25-million cyber theft using malware. In a statement, the FSB said it has arrested a ring of…
Rockwell Land Expands Hotel and Leisure Portfolio
Listed property developer Rockwell Land Corporation (PSE: ROCK) unveiled the planned developments of Aruga Hotels, a collection of luxury resort hotels to be built within Rockwell Center and on Mactan…
Isentia Acquires Korea’s Social Net Creator
Isentia (ASX: ISD), Asia-Pacific’s leading media intelligence company, expanded its geographic footprint in to the South Korean market. The acquisition of media intelligence company, Social Net Creator Ltd, provides Isentia…
Capitol Health Inks JV with China’s CITIC Pharma
Capitol Health Limited (ASX:CAJ) has announced that it has entered into a Memorandum of Understanding (MOU) to provide design, consulting and clinic management services to CITIC Pharmaceutical (Shenzhen) Co., Ltd.…
New Regional Chief Operating Officer Marc Blottiere Joins AXA Asia
Marc Blottiere has commenced his role as Regional Chief Operating Officer of AXA Asia as of June 1, reporting directly to Jean-Louis Laurent Josi, Regional Chief Executive Officer of AXA…