Philippines: Alliance Global Records P11.3bn Net Income in H1
Alliance Global Group Inc. (PSE:AGI), the investment holding company of billionaire Dr. Andrew L. Tan, reported a net income of P6.08 billion in the...
Westpac Denies BBSW Allegations
Westpac Banking Corporation has denied allegations in a US class action relating to trading in bank bill swap rates (BBSW), the bank said in...
Ongpin Offers Php20-billion Philweb Shares to Build Drug Rehab Centers
PHILIPPINES - A day after the Philippine government has rejected an offer from businessman Roberto Ongpin to donate 49% of his shares in Philweb...
Philippine Outsourcing Industry Revenue Seen To Hit US$21bn
MANILA, PHILIPPINES - The business process outsourcing (BPO) industry in the Philippines continues to grow at a rapid pace, with experts forecasting the industry...
Win Wind Capital Acquires Smart Jump for USD167m
Investment holding firm Win Wind Capital Limited has agreed to acquire Smart Jump Corporation, a company incorporated in the Republic of Marshall Islands and...
San Miguel Corporation Posts Robust H1 Results
San Miguel Corporation (PSE:SMC) registered a solid performance in the first six months of the year, on the back of sustained growth of its...
Yellow Cab Pizza To Open Stores in M. East
Yellow Cab Pizza is set to open stores in Egypt and Jordan as its owner, Max’s Group, Inc. (MGI), continues to aggressively expand its international...
IMF Trims World Growth Forecasts Anew
The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European...
Company Shares of Aboitiz Power Corporation (PSE:AP) Up In Early Trading
PHILIPPINES - Aboitiz Power Corporation (PSE:AP)'s stock inched higher in the opening hour at the Philippine Stock Exchange (PSE) on news that it has...
Hotel Lotte’s IPO To Be S. Korea’s Largest
The initial public offering (IPO) of Lotte Group’s hotel unit, Hotel Lotte, is expected to be the largest-ever IPO in South Korea.
The retail giant’s...
Western Areas, Mantra Lead ASX’s Top Gainers
Stocks of Western Areas Ltd (ASX:WSA), one of Australia's top nickel producer, and Mantra Group Ltd (ASX:MTR), an accommodation operator in Australia, New Zealand...
Aboitiz Power’s Stock Gains on Indonesia Acquisition Report
Aboitiz Power Corporation (PSE:AP)'s stocks inched up on Monday's trading session on news that it has acquired a participating interest in a 110-megawatt geothermal...
Korea’s Woori Bank Acquires Philippines’ Wealth Development Bank
South Korea's second-biggest bank by assets, Woori Bank, has announced receiving final approval to take over Philippine-based bank, Wealth Development Bank.
In a statement, the...
Russia’s Rosatom, Cambodia Sign Nuclear Energy Deal
Russia’s Rosatom State Atomic Energy Corporation and National Council for Sustainable Development of the Kingdom of Cambodia signed two documents - Memorandum on Nuclear...
USD12.2bn Marriott-Starwood Deal To Create World’s Largest Hotel Chain
The world will soon see the largest hotel chain ever after Marriott International Inc announced that it will acquire Starwood Hotels & Resorts Worldwide,...
Philippine Stocks Higher At Close of Trade; PSEi up 1.63 Percent
PHILIPPINES - Philippine stocks were higher after the close on Monday, with the Philippine Stock Exchange Index (PSEi) gaining 1.63 percent and all of...
President Aquino Declares 2015 as ‘Visit the Philippines Year’
MANILA, PHILIPPINES – Philippine President Benigno S. Aquino III has signed Proclamation No. 991, declaring 2015 as ‘Visit the Philippines Year’, as the country...
Chinese Investors Eye Southeast Asia As Next Destination
Southeast Asia is now the top investment destination for a number of large Chinese corporations over the next three years, following a record-breaking first quarter...
Seven West Media Seeks to Acquire Perth Now, The Sunday Times
Seven West Media, an ASX-listed media company and Australia's largest diversified media business, confirmed that it is in negotiations to acquire Perth Now and...
Renminbi’s Popularity Now Discussed By 22% of World’s Corporate Boardrooms
The renminbi (RMB) has become a topic of debate in more than a fifth (22%) of company boardrooms around the world, just five years...
