Reserve Bank of Australia Decides to Keep Cash Rate Steady at 2.25%

SYDNEY, AUSTRALIA - Australia’s central bank, the Reserve Bank of Australia (RBA), decided to keep its cash rate steady at a record low of...

Islamic Insurance Leaders to Meet in Dubai for World Takaful Conference

DUBAI – About 400 key players and stake holders in the global Islamic insurance industry, also called the takaful industry, will be meeting in...

Philippine Stock Market Hits 25th Record High

MANILA, PHILIPPINES - Traders at the Philippine stock market were on high spirits Monday as the Philippine Stock Exchange index (PSEi) reached another record...

Bangladesh Storm Kills 24; Death Toll Expected to Rise

DHAKA, BANGLADESH - At least 24 people have been confirmed dead while dozens more are injured as a severe storm continues to sweep across...

Government Readies Emergency Telecommunications Support as Chedeng (Maysak) Makes Landfall in Philippines

MANILA, PHILIPPINES - Intensifying its efforts in the preparations for Typhoon Chedeng, the Department of Social Welfare and Development (DSWD) is also focusing its...

Malaysian Parliament Member, 5 Others, Killed in Helicopter Crash

MALAYSIA – Six people, including Rompin MP Jamaluddin Jarjis, were killed when the helicopter they boarded crashed in Semenyih, Kajang Saturday, Malaysia’s Home Ministry...

Philippine Flights Cancelled as Typhoon Chedeng (Maysak) Closes In

Philippine Airlines and Cebu Pacific Air announced cancellations of flights due to weather disturbance brought about by Typhoon Chedeng (international name Maysak), the Department...

24 Philippine Provinces Under Storm Warning As Typhoon Maysak (Chedeng) Nears Land

Local government units in areas that are expected to be hit by typhoon Chedeng (international name Maysak) in the Philippines are gearing up for...

Seven Philippine Provinces Under Storm Warning as Typhoon Chedeng (Maysak) Closes In

The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) placed seven provinces in Luzon under public storm warning signal Number 1 as typhoon Chedeng,...

Typhoon Chedeng (Maysak) Weakens Slightly As It Moves to Central, Northern Luzon in the...

PHILIPPINES - Typhoon Chedeng, international name Maysak, has weakened slightly as it moves towards the eastern coast of Central and Northern Luzon in the Philippines,...

As Typhoon Maysak Enters Philippines, Sulu Vessel Sinking Kills 5

PHILIPPINES - An unregistered passenger vessel overloaded with cargo capsized in the waters off Pata and Tapul Island in the province of Sulu Thursday...

Typhoon Chedeng’s Movement Slows, Landfall in the Philippines Expected Sunday

Typhoon Chedeng, international name Maysak, may not make landfall on Saturday as the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), said the movement...

Supertyphoon ‘Maysak’ To Enter Philippines Wednesday Night; Could Be Stronger Than Yolanda

Supertyphoon Chedeng, international name Maysak, has maintained its strength as it heads towards the Philippines for the first major typhoon of the 2015 summer...

Japan Denies Announcing Plans to Join AIIB

Japan's Chief Cabinet Secretary Yoshihide Suga has denied reports that Japan is joining the China-led Asian Infrastructure Investment Bank (AIIB) as reported by major...

Banks in Europe, US Lay Off 59,000 Jobs in 2014

A total of 59,000 jobs in top European and US banks were axed in 2014, bringing the total job cuts to 160,000 across 24...

Australia, Denmark Join China-Led Asian Infrastructure Investment Bank

Two United States allies have announced their decisions to join the China-led Asian Infrastructure Investment Bank (AIIB), beating the 31 March deadline set by...

Malaysia Warns of War in Southern Philippines if Peace Process Cancelled

Malaysian Defense Minister Datuk Seri Hishammuddin Hussein warned that war could break out in Southern Philippines if the on-going peace process will not be...

Russia Ready to Join China’s Infrastructure Investment Bank

Russia becomes the latest European nation to announce joining the China-lead Asian Infrastructure Investment Bank (AIIB), beating the 31 March deadline set by China...

Oracle to Expand in Asia, to Hire 1,000 Sales Staff

American multinational computer technology corporation Oracle Corp is expanding its sales team in the Asia Pacific region with plans to hire 1,000 new sales...

US GDP Growth Slows to 2.2 Percent In Q4

Growth of the US economy slowed in the last quarter of 2014 to 2.2 percent annual rate, unrevised from the forecast issued in February,...