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  • Ayala chairman mentions rail, real estate overtures from China

    MANILA -- Ayala Corp. has been approached by companies from China about possible joint ventures in real estate and infrastructure -- a sign that the mainland's warming diplomatic relations with the Philippines is starting to bear economic fruit.Jaim

    April 21, 2017 11:55 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Razon cites Trump as 'biggest' threat to global trade

    MANILA -- President Donald Trump is the biggest threat to world trade growth, according to Enrique Razon, the chairman and president of International Container Terminal Services of the Philippines.Razon described the U.S. president to reporters as "

    April 21, 2017 12:05 am JST
  • Philippines' BDO Unibank targets 7.3% profit growth for 2017

    MANILA -- BDO Unibank, the Philippines' largest lender by assets, expects net profit to grow by 7.3% this year to 28 billion pesos ($562.7 million) driven by increased loans and deposits.In the first quarter the bank's net income rose by 6% to 5.8 b

    April 20, 2017 09:04 pm JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA -- Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus

    April 20, 2017 12:00 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some problem

    April 20, 2017 10:00 am JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus. T

    April 20, 2017 10:00 am JST
  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • GT Capital raises stake in Metrobank

    MANILA -- Philippine conglomerate GT Capital Holdings said on Tuesday it will acquire another 9.62% of Metropolitan Bank & Trust, the second largest bank by assets in the Philippines, raising its stake to 36.09%.GT Capital will purchase 306 million

    April 18, 2017 11:00 pm JST
  • ASEAN and Japan aim to foster startups in Southeast Asia

    TOKYO Venture capital investment is booming in Southeast Asia, boding well for the region's startups. And there is greater scope for collaboration between businesses in the region and in Japan to make innovation happen.That was the message at the AS

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at hom

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • Davao enjoying an investment boom

    MANILA -- Davao, on the southern island of Mindanao and the city where President Rodrigo Duterte served as mayor for more than two decades, is enjoying an investment boom. Commercial complexes are going up. Homes are being built. The city even has t

    April 11, 2017 01:00 pm JST
  • Ayala takes 80% stake in UK electronics maker

    MANILA -- Ayala Corp., the oldest conglomerate in the Philippines, has bought the majority shareholding in a UK electronics company, giving it access to contract manufacturing for advanced industrial sectors.Ayala unit Integrated Micro-Electronics (

    April 7, 2017 10:25 pm JST
  • Nikkei Asia300 Index slips after US strikes Syria

    HONG KONG (Nikkei Markets) -- Asian stocks fell on Friday as investor nerves were rattled after the U.S. carried out a missile strike on Syria following a deadly chemical attack in the nation's rebel-held area.The Nikkei Asia300 Index slipped 0.4% o

    April 7, 2017 08:35 pm JST
  • Nikkei Asia300 Index slips on Fed minutes, China-US meeting nerves

    HONG KONG (Nikkei Markets) -- Asian stocks fell Thursday amid concerns the U.S. Federal Reserve will soon consider shrinking its balance sheet, and as caution ahead of a key meeting between U.S. and Chinese presidents kept investors on the sidelines

    April 6, 2017 08:25 pm JST
  • Philippines and Thailand line up banking talks

    MANILA/KUALA LUMPUR -- The Philippines plans to begin cross-border banking negotiations with Thailand after it wrapped up similar talks with Malaysia.Bangko Sentral ng Pilipinas Governor Amando Tetangco and Bank of Thailand Governor Veerathai Santip

    April 6, 2017 06:50 pm JST
  • Philippines' San Miguel eyes $33.6bn in new projects

    MANILA -- San Miguel, the Philippines' largest listed company by revenue, on Monday said it is considering $33.6 billion worth of new projects as it continues its diversification push.The company is reviewing the viability of a $15 billion fully int

    April 4, 2017 12:00 am JST
  • Philippine fast-food chain Jollibee to enter Europe via Italy

    MANILA -- Philippine fast-food company Jollibee Foods is making a foray into the European market through Italy, the company said on Monday.Jollibee's offshore unit Golden Plate is forming a joint venture with Blackbird Holdings to run the first Joll

    April 3, 2017 10:22 pm JST
  • Philippines' San Miguel to bid for Vietnam's No. 1 beer

    MANILA -- San Miguel, the owner of the Philippines' largest brewer, plans to bid for Vietnam's No. 1 beer maker, an official said on Monday.Confirming a local report, San Miguel Chief Financial Officer Ferdinand Constantino told the Philippine Stock

    April 3, 2017 07:57 pm JST