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One Dead, Israeli Girl Missing As Thai Ferry Burns, Sinks On Its Way To Phuket
BANGKOK, THAILAND – One passenger died while a 12-year-old was still missing as a tourist boat in Thailand caught fire, causing it to sink near in the Andaman Sea off…
Samsung Beats Apple in Customer Loyalty
SEOUL – An online survey showed that South Korean technology giant Samsung Electronics Co has overtaken its rival Apple Inc of the United States in terms of customer loyalty, Yonhap…
Meralco Announces Electricity Rate Increase in April
MANILA, PHILIPPINES – Philippine power utility firm Manila Electric Co (Meralco) announced that electricity rates in April went up by Php0.25 per kilowatthour (kWh) as Malampaya shuts down its deepwater…
Singapore Prime Minister Lee Hsien Loong Reshuffles Cabinet
SINGAPORE – Prime Minister Lee Hsien Loong is reshuffling his cabinet and other appointed positions as part of continuing leadership renewal, the Prime Minister’s Office said today. Based on the…
Philippine Stock Exchange Releases Updated List of Shariah-Compliant Securities
MANILA, PHILIPPINES – The Philippine Stock Exchange has released the updated list of Shariah-compliant securities listed in the local bourse. The list was based on the quarterly screening of its…
Metrobank Concludes USD720-Million Stock Rights Offering at Philippine Stock Exchange
MANILA, PHILIPPINES – Metropolitan Bank and Trust Company (Metrobank), the second largest bank in the Philippines, held a bell ringing ceremony at the Philippine Stock Exchange (PSE) to mark the…
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 Libya and Yemen to immediately come…
Philippine Exports Drop in February, NEDA Says
MANILA— Philippine merchandise exports recorded a 3.1-percent decline in February 2015 on account of lower sales in agro-based products, manufactures, and petroleum products, according to the National Economic and Development…
Include Native Language in Education System, Pandikar Amin Urges Policymakers
MALAYSIA – The call of Dewan Rakyat Speaker Pandikar Amin for the inclusion of native languages in the national educational system was hailed by Malaysian netizens who support multilingualism. Pandikar…
Malaysia’s Maybank to Open New China Branch; Readies Samurai Bond Offering
MALAYSIA – Malaysia’s largest bank and financial group, Malayan Banking Bhd (Maybank), is set to open its fourth branch in Greater China this week as it also gears up for…
Philippines To Explore Untapped Halal Market
MANILA, PHILIPPINES – The Department of Trade and Industry (DTI) pushed for the capability of Halal market be explored in the Philippines through its hands-on participation in the 8th World…
Philippine Inflation Slows Down to 2.4% in March
MANILA, PHILIPPINES – Headline inflation in the Philippines eased slightly to 2.4 percent year-on-year in March from 2.5 percent in February, the country’s central bank said in a statement. The…
Philippine DFA To Close For Araw ng Kagitingan Holiday
MANILA, PHILIPPINES – The Philippine Department of Foreign Affairs (DFA) announced that all DFA satellite offices and regional consular offices in the country will be closed on Thursday for the…
Philippine President Inaugurates Multi-Million Bridge in Isabela
MANILA, PHILIPPINES – Philippine President Benigno S. Aquino III today inaugurated the Php772.9-million (USD17.35 million) bridge in Barangay Lullutan, Ilagan City, Isabela province. In a project briefing during the inauguration,…
Traders Hotel Puteri Harbour Johor Rebrands to Hotel Jen Puteri Harbour Johor
MALAYSIA – Traders Hotel Puteri Harbour, Johor has rebranded as Hotel Jen Puteri Harbour, Johor, becoming the tenth hotel to adopt the new Hotel Jen brand by Shangri-La International Hotel…
Mandarin Oriental Confirms Credit Card Breach in Some US, Europe Hotels
Mandarin Oriental confirms that the credit card systems in a limited number of its hotels in the US and Europe have been accessed without authorization and in violation of both…
Philippine Foreign-Exchange Reserves Hit 3-Month Low in March
MANILA, PHILIPPINES – Foreign exchange reserves in the Philippines fell to USD80.4 billion as of the end of March from USD80.8 billion in February, the Bangko Sentral ng Pilipinas (BSP),…
Philippine Stock Market Registers New All-Time High
MANILA – The Philippine Stock Exchange index (PSEi) broke past the 8,100 level and registered a new all-time high on Tuesday as inflation eased to 2.4 percent in March. The…
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 billion in 2014, an all-time high.…
Singapore Files Sedition Charges Against Filipino Nurse
SINGAPORE – Singapore authorities filed sedition charges against a Filipino nurse working in Singapore for his Facebook post that called Singaporean’s “loosers”. Ello Ed Mundsel Bello, 28, was arrested after…