Elders

Elders Acquires Insurance Distribution Stake from QBE

Elders (ASX:ELD) has re-acquired 10% of Elders Insurance Underwriting Agency Pty Limited (EIUA) from QBE. Elders sold the final tranche of its investment in...
Public Bank

Public Bank Receives 100% Foreign-Owned Bank License In Vietnam

Public Bank Berhad (PBB) has on 24 March 2016 received the 100 percent foreign-owned bank license from the State Bank of Vietnam (SBV) in...
Phoenix Petroleum

Phoenix Petroleum Posts 47% Income Growth

Phoenix Petroleum Philippines, Inc. (PNX.PM) posted a 47% increase in net income in 2015, earning Php 905.9 million compared to Php 616.4 million in...
Philippine Stock Exchange

Philippine Stock Exchange Posts Php683M Income in 2015

Amidst market volatility, the Philippine Stock Exchange (PSE) posted a net income of Php683 million (US$14.4 million) in 2015, representing a 21 percent decrease...
CapitaLand

CapitaLand Posts S$1.07 Billion Profit in FY 2015

CapitaLand, one of Asia's largest real estate companies headquartered and listed in Singapore, posted a total PATMI of S$1.07 billion in fiscal 2015, underpinned...
Semicon Southeast Asia

SEMICON Southeast Asia 2016 Returns to Penang, Malaysia

PENANG, Malaysia- SEMI, the global industry association serving the nano- and micro-electronic manufacturing supply chains, will once again be hosting SEMICON Southeast Asia (SEMICON...
Globe Telecom

Globe Telecom Reports 15% Rise in 2015 Revenues

Philippine telecommunications company Globe Telecom Inc announced that its full-year consolidated service revenue in 2015 reached Php113.7 billion (US$2.38 billion), 15 percent higher than...
Allianz SE

Allianz SE Buys 51% of PNB Life in the Philippines

PHILIPPINES - Allianz SE, a European financial services company that offers products and solutions in insurance and asset management, has purchased 51% of PNB...

Singapore in Top 10 of ‘Best Countries for Business’

Forbes has released its list of "Best Countries for Business" for 2015, with Singapore as the only Asian nation that makes it to the...
Phoenix Petroleum

Phoenix Petroleum Raises Php2 Billion from Preferred Share Sale

Phoenix Petroleum Philippines, Inc. held a bell ringing ceremony at the Philippine Stock Exchange (PSE) on Friday to list its Series 3A and 3B...
ServiceSource

ServiceSource Announces Plans to Hire 100 Positions in New Philippine Center by Mid-2016

PHILIPPINES – ServiceSource® (NASDAQ:SREV), the San Francisco-based global leader in customer revenue growth and retention solutions, announced plans to fill approximately 100 new positions...

Bangladesh Moves to Become Outsourcing Hub

Bangladesh seeks to copy the success stories of the Philippines, Sri Lanka, and India when it comes to business process outsourcing (BPO) industry, with...

Asia Pacific M&As Hit US$1 Trillion for the First Time

For the first time, mergers and acquisitions (M&As) in the Asia-Pacific region touched the US$1-trillion mark, which Chinese deals taking up the bulk of...

Emperador (PSE:EMP) Buys Fundador for US$291 Million

Grupo Emperador Spain S.A., a company owned by Emperador Inc. (PSE:EMP) of the Philippines, has reached a definitive agreement with Beam Suntory Inc. to...

Russia Looks to India Amidst China’s Economic Slump

The sanctions that were laid down by the U.S. and the EU regarding Russia's oil and gas sector gave Russia no choice but to...

BDO Unibank Seals Deal With Japan’s FIDEA

MANILA - Philippine listed bank BDO Unibank Inc (PSE:BDO) and Japanese financial institution FIDEA Holdings (FIDEA Group) further strengthened their business relationship through a...

Datem Postpones Php4.6 Billion Philippine IPO

PHILIPPINES - Local construction firm Datem Inc. has deferred its upcoming initial public offering (IPO) to a later date, the company said in a...
Philippine Stock Exchange

Philippine Stock Exchange Approves Three More IPOs for 2015

The Philippine Stock Exchange, Inc. (PSE) has recently approved the initial public offering (IPO) applications of real estate developer Italpinas Development Corporation, and construction...

UBS Group Adds Senior Bankers in Asia

In a move that has not been seen since the global financial crisis, Swiss bank UBS Group has finally added senior management bankers...

PLDT Partners with US Fan App Developer Hopscotch

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...