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Mount Bulusan in the Philippines Spews Ashes; Volcanologists Fear Possible Explosion
LEGAZPI CITY, PHILIPPINES – The Philippine Institute of Volcanology and Seismology (Phivolcs) fears a possible magmatic eruption of Mount Bulusan following the phreatic or ash explosion on Friday. A phreatic…
California Man, Teenage Son Arrested for Murder in the Philippines
CEBU, PHILIPPINES – A 52-year-old American from California and his 17-year-old son were arrested in Lapu-Lapu City, Cebu for their alleged involvement in a murder case in Dipolog City. Gary…
Pacquiao Slightly Lighter Than Mayweather in Official Weigh-in
Filipino boxing icon Manny Pacquiao weighted slightly lighter than his American opponent and undefeated Floyd Mayweather Jr. based on the official weigh-in of the two fighters ahead of the fight…
Philippine President Aquino Lauds Fewer Labor Strikes Under His Term
CEBU, Philippines – Philippine President Benigno Aquino III said his administration did well in solving labor disputes in the country, saying saying only 12 cases of labor strikes were recorded…
Malaysia Named World’s Medical Travel Destination for 2015
MALAYSIA – The International Medical Travel Journal (IMTJ) Medical Travel Awards 2015 has named Malaysia as “Medical Travel Destination of the Year”, further boosting the country’s medical tourism sector. Malaysia…
Hong Kong’s Ngong Ping Cable Car Closed for Maintenance
HONG KONG – The Ngong Ping Cable Car, which is a part of the world-class tourist attraction Ngong Ping 360 on Lantau Island, will be temporarily closed starting today, May…
Inaugural Mauritius Open Golf Tournament Attracts Big Names
MAURITIUS – The inaugural EUR1 million (USD1.1 million) AfrAsia Bank Mauritius Open, which will be played at the Heritage Golf Club from May 7 to 10, is attracting an exciting…
Hong Kong’s Foreign Currency Deposits Decline in March
HONG KONG – The Hong Kong Monetary Authority (HKMA) has published statistics that showed overall foreign-currency deposits falling by 1.3 percent in March, with renminbi deposits decreasing by 2.2 percent.…
On Labor Day, Philippine President Opens Modern Hospital in Cebu
CEBU, PHILIPPINES – Philippine President Benigno Aquino III, who is in Cebu for activities related to the Labor Day celebration, led the soft opening of the 300-bed Level 2 hospital…
Gold Coast To Host Australian Tourism Exchange 2016
AUSTRALIA – Tourism Australia has announced that Queensland’s Gold Coast will play host to the country’s largest annual tourism trade show – the Australian Tourism Exchange (ATE) – in 2016.…
Philippine President Aquino Opens New Hospital in Cebu
CEBU, PHILIPPINES – Philippine President Benigno Aquino III, who is in Cebu for activities related to the Labor Day celebration, led the soft opening of the 300-bed Level 2 hospital…
Grenade Blast in Southern Philippines Hurts Three
COTABATO, PHILIPPINES – At least three persons were confirmed injured in a grenade explosion in a small village in Barangay Tomado, Aleosan, North Cotabato, south of the Philippine capital of…
Regulator Sets New Policy For Philippine Banks That Want To Sell Insurance
MANILA, PHILIPPINES – The Insurance Commission (IC) of the Philippines now requires banks that intend to sell insurance products to first secure bancassurance agreement with insurance firms. The insurance firms…
Aspen Re names Australia, Asia-Pacific Senior Underwriters
AUSTRALIA – Aspen Re is further boosting its presence in the Asia-Pacific region by poaching two senior executives from competitors. The reinsurance unit of Aspen announced that it has appointed…
Islamic Bond Sales in Malaysia Hits 16-month High in April
MALAYSIA – Sales of Islamic bonds, also known as sukuk, in Malaysia hit its highest in 16 months in April at USD3.1 billion, figures compiled by Bloomberg showed. In another…
Philippine Bank Lending Slows in March – BSP
MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from February’s 15.2 percent rise, the Bangko…
PH To Appeal to Indonesia To Commute Death Penalty of Filipina Convict
MANILA, PHILIPPINES – The Department of Foreign Affairs (DFA) of the Philippines said it will continue to appeal to Indonesia to commute the death penalty it imposed on Filipina drug…
More Young Chinese Investing in Stocks But Experts Warn of Risks
SHANGHAI – A new breed of well-educated young Chinese are now buying stocks but experts warn of risky investments as most of these young people in China are inexperienced. Experts…
Vietnam’s Life Insurance Premium Grows 25 Percent in Jan-Feb Period
VIETNAM – The Insurance Supervisory Authority (ISA) of Vietnam has released data showing the country’s total life insurance premiums growing by 25 percent in the January-February of this year to…
Avon Reports 18 Percent Revenue Fall in First Quarter
USA – Avon Products, the 129-year-old cosmetics empire that directly sells beauty products, seemed to have lost its appeal a little bit in the first quarter of this year after…