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  • Philippine SM Group to issue $337 million in bonds

    MANILA--Philippine conglomerate SM Investments is all set to raise up to 15 billion pesos ($337 million) after it secured regulatory approval to issue fixed-rate bonds. The Philippine Securities and Exchange Commission on Tuesday approved the fi

    April 23, 2014 02:47 pm JST
  • Philippine-India consortium to overhaul Cebu airport by 2018

    MANILA -- A consortium led by Philippine builder Megawide and India's GMR Infrastructure signed a 25-year contract Tuesday to operate and expand Mactan-Cebu International Airport. The plan calls for the construction of a new terminal building, t

    April 23, 2014 10:15 am JST
  • Philippines' Bench wants to penetrate Asean and beyond

    MANILA -- Suyen started selling shirts in small stores in Manila in 1987. More than two decades later, it has grown to operate over a thousand branches with its flagship brand Bench. The next thing it wants is to become a "powerful brand" in Asia. A

    April 22, 2014 08:00 pm JST
  • Ayala to pour $800M into power, transportation infrastructure

    MANILA -- Philippine conglomerate Ayala is stepping up investment in domestic power and transportation infrastructure projects, with plans to spend $800 million by 2016. The company, which has specialized in real estate and financial businesses,

    April 22, 2014 04:22 am JST
  • Frederic Neumann: Don't let TPP stumble over beef

    U.S. President Barack Obama heads for Tokyo this week. He will also travel to Malaysia, the Philippines and Korea. There are plenty of things to talk about in all these countries. But one item stands out, the centerpiece of America's supposed foreig

    April 21, 2014 04:00 pm JST
  • Japan's big worry over Crimea situation -- China's ambitions

    TOKYO -- Broadly speaking, there are two types of diplomatic talks involving government leaders -- well-prepared meetings with conclusions decided in advance, and earnest talks without any prepared endgame. Leaders from the Group of Seven major

    April 21, 2014 01:00 pm JST
  • Chinese eye methane hydrate reserves in South China Sea

    BEIJING -- In a move that could further fuel tensions in the South China Sea, China will step up exploration for methane hydrate, which is drawing attention as a future source of energy. Research last summer led to the discovery of a high-purity

    April 21, 2014 01:51 am JST
  • Chinese eye methane hydrate reserves in South China Sea

    BEIJING -- In a move that could further fuel tensions in the South China Sea, China will step up exploration for methane hydrate, which is drawing attention as a future source of energy. Research last summer led to the discovery of a high-purity

    April 21, 2014 01:51 am JST
  • Fuji Oil to end production at typhoon-wrecked Philippine plant

    OSAKA -- Japan's Fuji Oil said Thursday it will no longer produce coconut oil on the Philippine island of Leyte since its factory there was severely damaged by a storm last fall. A plant operated by subsidiary New Leyte Edible Oil Mfg. was almos

    April 18, 2014 05:35 am JST
  • Suzuki aims for car that gets 40km per liter

    TOKYO -- Suzuki Motor says it will create cars that can run for 40km per liter of gasoline by improving its existing technologies. The moves comes as Suzuki seeks to reinforce its presence in emerging economies, where demand for efficient cars i

    April 17, 2014 01:00 pm JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Emerging markets grow their own corporate giants

    To find the business giants of the future, The Nikkei Veritas has created a list of companies with high return on equity in emerging countries, as well as some that satisfy certain requirements, including high return on sales. VGI Global Media is

    April 17, 2014 12:00 am JST
  • Jollibee shows Philippines' hunger for global growth

    Many Filipino children no doubt dream of having their next birthday at a Jollibee. The fast-food chain itself is pursuing bigger, international aspirations. With around 800 outlets in the Philippines, Jollibee Foods has branched out into the U.S

    April 17, 2014 12:00 am JST
  • Economic growth is (mostly) for the young

    With a median age of just 23.5, the Philippines appears to have a bright economic future in store. A young country can look forward to a "demographic dividend" in the form of a growing working-age population, and relatively fewer old people requi

    April 17, 2014 12:00 am JST
  • Money raised via Asian IPOs quadrupled last quarter

    HONG KONG -- Corporations procured a total of $14 billion through initial public offerings in the Asia-Pacific region during the January-March quarter, four times as much as a year earlier. The figure accounts for 41% of the global tally, accord

    April 16, 2014 04:01 am JST
  • Philippines' fiscal reform offers model for some Asean peers

    HANOI -- The Philippines has been able to achieve economic growth without damaging its finances, setting an example for Southeast Asia's less-developed countries. While the country ran large budget deficits last decade, the Philippines has been

    April 16, 2014 03:32 am JST
  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • SM Prime plans to spend $9B in five-year expansion program

    MANILA -- SM Prime Holdings, the Philippines' largest property developer, plans to spend 400 billion pesos ($9 billion) in a five-year program that involves expansion both at home and elsewhere in the region. The highlights of the plan include n

    April 15, 2014 08:30 pm JST
  • 'Tonkotsu' ramen bowling over Asia

    TOKYO -- Japanese ramen has a lot of fans throughout Asia, but one variety of this noodle dish -- tonkotsu style -- is proving especially popular, especially among the region's Chinese populace. Tonkotsu, which literally means "pork bones," ref

    April 15, 2014 07:00 pm JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST