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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 the largest airports in Southeast Asia,…
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 external economic shocks with divergent rating…
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 country. Cebu Pacific, a publicly-listed subsidiary…
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 industry to spur regional growth, a…
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 Chinese people and companies are…
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 US$2.1 billion in February 2015, an…
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 that increase originating from Malaysia and…
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” with the Philippines when it is…
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 gears up for the hosting of…
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 Libya and Yemen to immediately come…
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 billion in 2014, an all-time high.…
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 2.25% on Tuesday, bucking the global…
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 Dubai for the World Takaful Conference…
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 high, its 25th for this year.…
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 Bangladesh, authorities said today. Most of…
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 attention on providing emergency telecommunications support…
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 said. Home Minister Ahmad Zahid Hamidi…
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 of Transportation and Communication (DOTC) said…
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 the onslaught of the storm, which…
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, international name Maysak, continues to move…