China’s Drone Maker Yuneec Gets USD60 Million Intel Investment

Intel Corporation has invested more than USD60 million into a Shanghai-based drone and aerospace firm Yuneec International, as other technology firms are exploring the...

Cebu APEC: Philippines To Pursue Implementation of the Boracay Action Agenda

Senior Officials of the Department of Trade and Industry (DTI) will meet counterparts from Asia-Pacific Economic Cooperation (APEC) member economies at various meetings of...

Cebu APEC Meeting: APEC Urged to Realize Auto Industry SMEs’ Integration Into Global Economy

The Philippines called on member economies of the Asia Pacific Economic Cooperation (APEC) to address constraints of micro, small, and medium enterprises (MSME) to...

Online Fraud: Half of Financial Firms Prefer to Mitigate Rather than Prevent

Prevention is better than cure, even in cybersecurity. Kaspersky Lab says financial companies should focus more on preventing cyber threats rather than being prepared to...

Cebu APEC IP Meeting: Philippines To Become Innovation Hub

With its expanding businesses and young and talented people, the potential of the country to become a premier innovation hub was displayed in abundance...

China Launches Drive Against Underground Banks

BEIJING (PNA/Xinhua) -- Chinese police have launched a nationwide campaign against underground banks to maintain order in the financial and capital market, the police...

Breaking News: Global Sell Off Continues; Dow Suffers Losses

Global stock market sell off continues Monday as China's stock market falls again, causing worries among investors. Four minutes after the opening bell, the Dow...

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"...