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  • Philippine mining stocks drop as Duterte signals mineral export ban

    MANILA -- Shares in Philippine mining companies fell on Tuesday after President Rodrigo Duterte said he was considering a ban on mineral exports to promote development of related downstream industries.The mining and oil sub-index on the Philippine S

    July 25, 2017 09:41 pm JST
  • Chinese tech companies take the lead in battle for Southeast Asia

    SINGAPORE -- The $2 billion investment by China's Didi Chuxing and Japan's SoftBank Group into Southeast Asian riding-hailing company Grab marks a new record for venture fundraising in the region. But it may be surpassed sometime soon as Chinese tec

    July 25, 2017 11:06 am JST
  • Duterte has martial law in southern Philippines extended

    MANILA -- President Rodrigo Duterte secured overwhelming parliamentary approval on Saturday to extend martial law in the southern island of Mindanao until year's end as his government continues to battle with militants linked to Islamic State.In a s

    July 22, 2017 09:24 pm JST
  • Philippine lender hit by $34.5m fraud

    MANILA -- An internal fraud involving the theft of 1.75 billion pesos ($34.5 million) at a major Philippine lender came to light on Friday, in the latest controversy to wound the Philippine banking sector.Metropolitan Bank & Trust Company told the P

    July 21, 2017 10:33 pm JST
  • Hashtag Travelers

    Asian millennials are booking their own adventures

    BANGKOK -- What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted

    July 20, 2017 10:01 am JST
  • Asian millennials are booking their own adventures

    BANGKOK What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted to

    July 20, 2017 10:00 am JST
  • Fintech factor key to Southeast Asian banks' growth

    BANGKOK Southeast Asia's banking industry must embrace the digital revolution, including the rise of fintech, to seize opportunities to cater to the region's growing middle class, business leaders said at a panel session of the forum.One of the keys

    July 20, 2017 10:00 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Blasted by Duterte, Philippine Daily Inquirer owners opt to sell

    MANILA -- The owners of the Philippine Daily Inquirer are poised to sell the widely read newspaper to billionaire Ramon Ang, following relentless verbal attacks by President Rodrigo Duterte.Ang, the president of diversified conglomerate San Miguel,

    July 18, 2017 09:08 pm JST
  • Mitsui Fudosan enters Philippine property market

    MANILA -- Japanese property giant Mitsui Fudosan and Rockwell Land, a local mid-size real estate developer, are partnering on a condominium project in the Philippines.Mitsui Fudosan, which is entering the Philippine real estate sector for the first

    July 17, 2017 10:38 pm JST
  • San Miguel swallows Australian bottler Barossa

    MANILA -- Philippine conglomerate San Miguel, best known for its eponymous beer, has acquired a wine bottler in Australia, expanding its packaging business in Oceania.In a statement on Thursday, the company said its San Miguel Yamamura Australasia u

    July 13, 2017 08:12 pm JST
  • Philippines' ex-central bank head issues caution for future

    MANILA The Philippine central bank must address policy uncertainty and cybersecurity risks if it is to maintain economic growth and stability under its new chief, says former Bangko Sentral ng Pilipinas Gov. Amando Tetangco.Tetangco, who stepped dow

    July 13, 2017 10:00 am JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs, and such markets have been the source of dreams dating back to Marco Polo. For every index that suggests renew

    July 13, 2017 10:00 am JST
  • FT Confidential Research

    Asean-5 survey shows little faith in political leaders

    Citizens across the Asean region see little cause for confidence in their governments, according to FTCR's Asean Political Sentiment Indices for the second quarter of this year.The index fell in three of the five countries surveyed, with only the Ph

    July 13, 2017 09:00 am JST
  • Japan Tobacco offers to buy embattled Philippine rival for $890m

    MANILA -- Japan Tobacco has offered to buy beleaguered Philippine cigarette manufacturer Mighty and related assets for 45 billion pesos ($890 million), the Philippine Department of Finance said on Wednesday.The country's Bureau of Internal Revenue i

    July 12, 2017 10:31 pm JST
  • $400m project to bring slice of Japanese living to Manila

    MANILA -- Federal Land, Nomura Real Estate Development and Isetan Mitsukoshi Holdings are teaming up on a $400 million mixed property development that will bring a slice of Japanese living to the Philippine capital.Sunshine Fort will occupy a 15,000

    July 11, 2017 01:37 pm JST
  • Gianfranco Casati

    Digital readiness can sustain growth of emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs. They have been the source of dreams dating back to Marco Polo. For every index that suggests renewed optimism

    July 5, 2017 09:00 am JST
  • Philippines Inc., investors march to beat of Duterte's drum

    MANILA -- At a station-marking ceremony for the upcoming 106km Manila-Clark railway project, Transportation Secretary Arthur Tugade announced a part of a grand plan that seeks to define President Rodrigo Duterte's economic legacy."We hope to finish

    July 1, 2017 05:31 am JST
  • Duterte's ambitious plans have hit some stumbling blocks

    MANILA More than a little out of character, Philippine President Rodrigo Duterte, the country's normally outspoken leader, found himself on June 20 begging for forgiveness from people displaced by one of the country's worst terror attacks."Soon, I h

    June 29, 2017 12:10 pm JST
  • Duterte's ambitious plans have hit some stumbling blocks

    MANILA More than a little out of character, Philippine President Rodrigo Duterte, the country's normally outspoken leader, found himself on June 20 begging for forgiveness from people displaced by one of the country's worst terror attacks."Soon, I h

    June 29, 2017 10:00 am JST