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...

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...

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...

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...

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...

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...

India To Overtake China as World’s Fastest-Growing Economy This Year

The Asian Development Bank (ADB) said the current reforms being implemented in India will propel the country’s economy to 7.8 percent in 2015 and...

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...

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...

Asian Nations to Hold High-Level Meeting to Discuss Transboundary Haze

MANILA - The Philippines will be attending a high-level meeting with Singapore, Indonesia, Malaysia, and Thailand in Singapore to discuss concerns on transboundary haze. The...

Typhoon Chedeng’s Movement Slows, Landfall in the Philippines Expected Sunday

Typhoon Chedeng, international name Maysak, may not make landfall on Saturday as the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), said the movement...

Oracle to Expand in Asia, to Hire 1,000 Sales Staff

American multinational computer technology corporation Oracle Corp is expanding its sales team in the Asia Pacific region with plans to hire 1,000 new sales...
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...

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...

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...
Jollibee

Jollibee Says Final Purchase Price for Smashburger Acquisition Hits USD100.251M

Further to its October 13, 2015 and October 27, 2015 disclosures, Jollibee Foods Corporation (“JFC”) disclosed today that, in accordance with the post-closing adjustment...

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...

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"...

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...