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...

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...

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...

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...

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...

Life insurers in Taiwan among most exposed to interest rate risk

Life insurers in Taiwan have been considered as among the most exposed to interest rate risk in the world, joining the ranks of life...

GPIF, World’s Biggest Pension Fund, Loses USD64 Billion

Japan's Government Pension Investment Fund (GPIF), the world's biggest pension fund, just lost USD64 billion in the last quarter, its worst in comparable data...

10 Asian Universities Join World’s Top 100 Universities by Reputation

Only 10 universities from Asia have made it to this year's Top 100 World Universities by Reputation published by the Times Higher Education. Universities from...

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...

US President Obama, China’s Xi To Attend APEC Summit in the Philippines

Washington and Beijing have both confirmed the presence of US President Barack Obama and Chinese President Xi Jinping during the 2015 Asia Pacific Economic...

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...

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...

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...

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...
Philippine Stocks

Philippine Stocks Continue Gains in Today’s Session; PSEi Up 1.34 Percent

Philippine stocks continue their winning streaks as the Philippine Stock Exchange Index (PSEi) gained 1.34 percent and All Shares ended 0.50 percent higher in...

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...

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...

Metro Retail Stores Group Raises Php3.61 Billion in Philippine IPO

MANILA - Cebu-based retail company, Metro Retail Stores Group Inc (PSE:MRSGI) raised Php3.61 billion from its initial public offering (IPO) at the Philippine Stock...
China Economy

China’s Economy Seen To Grow 6.7% in Q2

The State Information Center, an official think-tank affiliated with the National Development and Reform Commission, has predicted China’s economy to grow 6.7 percent 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...
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