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  • Laguna Lakeshore Expressway Dike

    Tussle for biggest public-private partnership yet

    MANILA -- On Friday, four groups submitted qualification documents for a contract worth 123 billion pesos ($2.8 billion) to develop the Laguna Lakeshore Expressway Dike, the Philippine government's biggest public-private partnership (PPP) project to

    February 27, 2015 09:40 pm JST
  • BDO Unibank

    Philippines' largest lender logs record profit in 2014

    MANILA -- BDO Unibank, the Philippines' largest lender by assets, on Thursday said its net income reached a record 22.8 billion pesos ($519 million) last year. The 2014 profit represents an 18% increase from the bank's recurring earnings in 2013

    February 26, 2015 07:45 pm JST
  • Manila Electric

    Philippine utility, Osaka Gas talking $2B deal

    MANILA -- Manila Electric, better known as Meralco, and Osaka Gas are talking about partnering on a natural gas project in the Philippines. The $2 billion plant would align with the Japanese energy supplier's Southeast Asian expansion and the Philip

    February 26, 2015 06:14 pm JST
  • Unified Southeast Asian market

    Majority of businesses optimistic about ASEAN economic integration: Survey

    TOKYO -- Nearly 80% of companies operating in the Association of Southeast Asian Nations see growth opportunities in the bloc's planned economic integration this year, shows a U.S. survey. However, almost half of the Indonesian businesses polled

    February 26, 2015 01:00 pm JST
  • Caring and sharing

    Medicines sans frontiers is no longer just the name of a health organization, it is now also a way of doing business in Asia. Hospitals across the region are attracting patients from overseas along with investors. From operating on cancer to sprucin

    February 26, 2015 12:00 am JST
  • Medical tourism leaves local patients hurting

    BANGKOK/KUALA LUMPUR/PHNOM PENH -- As privately funded, high-tech hospitals spring up around Southeast Asia to care for well-heeled medical tourists, public health care facilities -- and their mostly local patients -- are being left behind. At 5

    February 26, 2015 12:00 am JST
  • Yoshino, Morgan, Wignaraja: Why Asia needs more financial education

    In the aftermath of the global financial crisis of 2007-2008, financial literacy and financial education are gaining more attention around the world. There were sobering lessons, for example, in how the misselling of financial products contributed d

    February 26, 2015 12:00 am JST
  • Tejraj M. Aminabhavi: Eating our way to a healthier world

    A balanced diet is essential for not only providing energy and nutrients but also preventing disease. Changes in lifestyles and what we eat have greatly influenced human health, resulting in higher risks of noncommunicable diseases such as cancer, d

    February 26, 2015 12:00 am JST
  • Mindanao violence raises economic concerns in Philippines

    MANILA -- Momentum in the Philippines, Asia's fastest-growing economy, is threatened by strife in the south of the country. Moro Islamic Liberation Front rebels on the Philippine island of Mindanao and the government signed a framework peace agr

    February 26, 2015 12:00 am JST
  • Mixed blessing

    Cheap oil a boon for Southeast Asia -- with one exception

    SINGAPORE -- Oil prices will likely spiral to $31 per barrel by the end of the first quarter due to rising global oil inventories, according to Bank of America Merrill Lynch. This will be a mixed blessing for Southeast Asia. While most countries, in

    February 25, 2015 07:00 pm JST
  • Elusive solution

    Philippines hits snags in peace process with armed rebels

    MANILA -- The peace process between the Philippine government and militants in the country's south is on rocky ground after an armed clash halted deliberations on a key bill that could put the decades-old conflict to rest. Manila and the Moro Is

    February 25, 2015 03:57 am JST
  • Pacquiao-Mayweather match

    The fight of the new century

    TOKYO -- A long-anticipated match between boxing champions, characterized by many as the "fight of the century," is at last coming to pass. Floyd Mayweather Jr. of the U.S., a five-division world champion who has won all 47 of his fights, will meet

    February 24, 2015 05:50 pm JST
  • Meralco's net income up 5%

    Philippine power retailer to develop 1GW production capacity

    MANILA -- Manila Electric, the Philippines' largest power distributor, said its net income rose 5% on the year to 18.1 billion pesos ($408 million) in 2014. The company posted higher earnings despite an 11% drop in electricity revenues to 261.7

    February 24, 2015 02:04 am JST
  • SM Prime Holdings repositioning

    Philippine developer expanding its property footprint

    MANILA -- SM Prime Holdings, the biggest real estate company in the Philippines by market value, expects to surpass its earnings last year, which grew 13% to 18.4 billion pesos ($415 million). The company's confidence is anchored in its 2015 exp

    February 23, 2015 09:47 pm JST
  • Tsuneishi's CSR commitment

    Building ships and bonds in the Philippines

    TOKYO -- Japanese shipbuilder Tsuneishi Holdings is blending into Philippine society on the island of Cebu, growing the shipbuilding industry and taking part in corporate social responsibility activities. Many Japanese shipbuilders build their v

    February 23, 2015 01:00 pm JST
  • Bilahari Kausikan

    How history is helping to rebalance Asia

    The U.S., China and Japan are groping toward a new equilibrium in their relationship with each other and with other countries in East Asia. The adjustments underway are complex and psychologically wrenching. Profound interdependence among the U.S.,

    February 23, 2015 07:00 am JST
  • Digital eyes

    Hitachi to offer security services in Asia

    TOKYO -- Hitachi will provide building monitoring and other corporate security services in Asia starting in April. The Japanese conglomerate has established a dedicated office at a Singapore subsidiary that handles infrastructure initiatives. In

    February 23, 2015 02:12 am JST
  • China's growing sway

    Beijing builds infrastructure and influence in Asia

    MANILA -- Looking to up its influence in the region, China is using its growing financial clout to fund infrastructure development throughout Asia. "This is a transit hub for automobile trade," said a port official at Hambantota, a southern port

    February 22, 2015 01:00 pm JST
  • Mayweather to clash with Pacquiao in mega fight

    LOS ANGELES (Reuters) -- The long awaited mega bout between Floyd Mayweather Jr. and Manny Pacquiao, which has been more than five years in the making, will take place in Las Vegas on May 2, Mayweather announced on Friday. A duel between the def

    February 22, 2015 02:50 am JST
  • Agriculture at risk

    Higher banana prices highlight risk of crop 'clones'

    TOKYO -- Produce prices are often influenced by the weather, but there is another -- and more serious -- reason behind the recent hike in banana prices. In late January, banana producers and major Japanese trading firms reached a rough agreement

    February 20, 2015 07:00 pm JST