Philippine Supreme Court Nullifies Tañon Strait Exploration Contract with Japex
MANILA, PHILIPPINES – The Supreme Court (SC) of the Philippines has ruled as unconstitutional the contract that allowed the exploration, development and exploitation of petroleum resources within Tañon Strait in…
China’s Private Equity Market Set For Slower Growth This Year
SHANGHAI, CHINA – After a robust 2014, China’s private equity market is forecast to grow at a slower pace this year, a report by Bain & Co showed. The industry…
Philippine Thunderstorm, Hail Storm Surprise Metro Manila Residents
MANILA, PHILIPPINES – In the middle of a hot Tuesday afternoon, a sudden downpour caused by a thunderstorm surprised residents in Metro Manila while other areas experienced hailstorms as the…
Thunderstorm Surprises Manila Residents; Hailstorm Reported in Quezon City
MANILA, PHILIPPINES – In the middle of a hot Tuesday afternoon, a sudden downpour caused by a thunderstorm surprised residents in Metro Manila while other areas experienced hailstorms. The downpour…
Hyatt Hotels Corp Names Interim Financial Officer
CHICAGO, USA – Mark Hoplamazian, President and Chief Executive Officer of Hyatt Hotels Corporation announced the appointment of Atish Shah as Senior Vice President, Interim Chief Financial Officer, pending the…
Israel’s Teva Pharmaceutical Offers to Acquire Mylan for USD40 Billion
PENNSYLVANIA, USA – Teva Pharmaceutical Industries, an international pharmaceutical company headquartered in Petah Tikvah, Israel, has reportedly offered to buy Mylan NV, a Pennsylvania-headquartered global generic and specialty pharmaceuticals company,…
Pope Francis Accepts Resignation of Convicted US Bishop Robert Finn – Vatican
VATICAN CITY – The Vatican announced on Tuesday that Pope Francis has already accepted the resignation of Bishop Robert Finn, who was convicted of failure to report suspected child abuse…
Mediterranean Migrant Crisis: Captain of Capsized Boat, 1 Crew Charged
CATANIA, SICILY – Prosecutors in Sicily announced that the Tunisian captain of the capsized vessel that killed as many as 900 people was charged with reckless multiple homicide in relation…
Baidu Shuts Down Search Unit in Japan
TOKYO, JAPAN – Chinese search engine Baidu has announced that it has officially shut down its search engine operation in Japan as part of its efforts to focus on its…
OIC Secretary General Expresses Support for Peace Process in Mindanao, Philippines
MANILA, PHILIPPINES – Secretary General of the Organization of Islamic Cooperation (OIC) Iyad Ameen Madani of Saudi Arabia expressed hope that the peace process in Mindanao will continue. Madani had…
Philippine Stock Exchange Sets Annual Stockholders’ Meeting
MANILA, PHILIPPINES – The Philippine Stock Exchange, Inc. (PSE) will hold its annual stockholders’ meeting (ASM) on May 2, 2015, 8:00 a.m., at Pavilions A and B of Wack Wack…
Philippine Government Satisfaction Rating Hits Lowest Level in March
MANILA, PHILIPPINES – The latest survey conducted by Social Weather Stations showed that the net satisfaction rating of the administration of Philippine President Benigno Aquino III dropped to its lowest…
Girl, 10, Among Eight Persons Killed in Lanao Del Sur Ambush
MANILA, PHILIPPINES – The number of fatalities in the ambush in Lumbacaya Unayan town in Lanao del Sur rose to eight after a 10-year-old girl died in the hospital, authorities…
Demand for Family Offices Forecast To Rise in Asia
Demand for family offices in the Asia-Pacific region is expected to rise as the number of multi-millionaires and billionaires in the region continues to grow at a rapid pace, 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…
Samsung Takes Off Logo on Galaxy S6, Galaxy S6 Edge in Japan
TOKYO, JAPAN – For a still undisclosed reason, Samsung has taken off its corporate logo from its new smartphones – the Galaxy S6 and Galaxy S6 Edge – in Japan,…
Philippine Monetary Board Approves Amendment of Unit Investment Trust Fund
MANILA, PHILIPPINES – The Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, approved the amendment of the Unit Investment Trust Fund (UITF) regulations…
Philippine President Turns Over USD68 Million For Public School Classrooms
MANILA, PHILIPPINES – Philippine President Benigno S. Aquino III led the turnover of Php3 billion (USD68 million) for the Department of Education’s program that aims to build more classrooms in…
Espina To Stay as Philippine National Police OIC Until Replacement is Named
MANILA, PHILIPPINES – Philippine President Benigno Aquino III said Deputy Director General Leonardo Espina will remain Officer in Charge of the Philippine National Police until the president finds a new…
Pakistan To Ink USD50-Billion Deals With China
ISLAMABAD, PAKISTAN – China, the world’s second-largest economy, is set to sign deals worth USD50 billion with Pakistan under the China-Pakistan Economic Corridor (CPEC), the ministry of planning and development…