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...

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...