Indonesia Plans Lowering Corporate Income Tax in 2017

INDONESIA - The Indonesian government announced plans to trim the country's corporate income tax rate in 2017, a move seen by analyst as among...

Top 10 Most Tourism-Ready Nations Named; Singapore Tops SE Asia

SINGAPORE - The World Economic Forum released the Travel & Tourism Competitiveness Report 2015, naming the top 10 most tourism-ready nations in the world,...

Global Insurers Assessing Nepal Earthquake Loss

NEPAL - Global insurers and reinsurers with presence in Nepal are sending their teams to assess the damages brought about by the massive earthquake...

Strong Nepal Earthquake Kills At least 700; Death Toll Rising

NEPAL - Rescuers race against time to save those who are still trapped underneath rubble of collapsed buildings in Kathamandu following a devastating 7.9...

Pacquiao-Mayweather Fight Tickets Selling For Up To USD141,000 Online

Watching the fight of the century, the much-awaited boxing fight of undefeated Floyd Mayweather Jr and Filipino boxing icon Manny Pacquiao, comes with a...

Singapore’s Changi Airport To Reduce Fees for Passengers and Airlines

SINGAPORE - Changi Airport Group (CAG) announced that it will implement several reductions and rebates to aeronautical fees at Singapore Changi Airport, one of...

Moody’s Says Asia-Pacific Economies More Immune to External Shocks

HONG KONG – Global rating agency Moody’s Investors Service said most countries in the Asia-Pacific region have a relatively high degree of immunity to...

Philippine Carrier Cebu Pacific Seeks To Expand Flight Frequencies To Australia

MANILA, PHILIPPINES - Low-cost Philippine carrier Cebu Pacific Air announces interest to further expand operations in Australia by seeking more seat entitlements in the...

APEC Members Urged To Enhance SME’s Role in Automotive Industry

MANILA, PHIILPPINES - Member economies of the Asia-Pacific Economic Cooperation (APEC) must enhance the participation of small and medium enterprises (SMEs) in the automotive...

China Warns Chinese Nationals in South Africa’s Anti-Foreigner Attacks Zone

BEIJING, CHINA - The Chinese government has warned Chinese nationals situated in South Africa's anti-foreigner attack zones to be on alert for their safety. All...

Personal Remittances from Overseas Filipinos Hit USD2.1bn in February

MANILA, PHILIPPINES – The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said personal remittances from overseas Filipinos (OFs) amounted to...

Global Takaful Sector to Reach USD20 Billion by 2017 – A.M. Best

The significant premium growth in the global takaful sector is expected to continue and reach USD 20 billion by 2017, with the majority of...

US Renews Assurance to Defend Philippines

MANILA, PHILIPPINES - US Ambassador to the Philippines Philip Goldberg has reiterated the US government's assurance that it will continue to stand "together, shoulder-to-shoulder"...

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...

Philippine Government Urges Filipinos in Libya, Yemen to Immediately Come Home

MANILA, PHILIPPINES - As repatriation activities continue to become harder, the Department of Foreign Affairs (DFA) of the Philippines has urged all Filipinos in...

Asia-Pacific Private Equity Deals Hit All-Time High in 2014

A report released by global management consulting firm Bain & Company showed that private equity (PE) deals signed in the Asia-Pacific region reached USD81...

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...