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  • Philippines banking

    Merger will create second largest bank

    MANILA -- President Benigno Aquino has approved the takeover of the Development Bank of the Philippines by Land Bank of the Philippines, which, subject to regulatory and congressional consent, will create the country's second largest lender after BD

    February 9, 2016 11:00 pm JST
  • Jollibee Foods

    One-off charges take toll on fast-food company

    MANILA -- The profits of Jollibee Foods fell by 10.4% last year, as expenses from a software upgrade and investment in a U.S. burger joint took a toll on its earnings.The company's net income slid to 4.8 billion pesos ($100.6 million) in 2015 from 5

    February 9, 2016 08:38 pm JST
  • Aboitiz Power

    Major producer to spend $1.09bn in 2016, eyeing 4,000 MW by 2020

    MANILA -- Aboitiz Power plans to spend 52 billion pesos ($1.09 billion) this year, as it ramps up construction of more power plants, targeting 4,000 megawatts of generation capacity by 2020. This year's budget is roughly the same as last year an

    February 9, 2016 06:15 pm JST
  • Infrastructure development

    Urban rail contracts up for grabs in emerging Asia

    BANGKOK -- Emerging Asian countries are launching a slew of urban rail projects, creating business opportunities for companies with advanced expertise and a willingness to shoulder some risk. Thailand plans to solicit bids for four new lines in

    February 8, 2016 07:00 am JST
  • Philippines election

    Presidential candidates already trading insults

    MANILA -- The campaign season ahead of national elections in the Philippines on May 9 officially begins next week, but presidential candidates have already kicked off with TV spots promoting themselves and dissing their rivals. Mar Roxas, the fo

    February 5, 2016 01:40 pm JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • TPP

    Japan, US politics could push ratification back to 2017

    TOKYO -- The Trans-Pacific Partnership trade deal that was signed Thursday may not take effect until 2017 or later amid political roadblocks in Japan and the U.S., the two countries most crucial to the process. TPP members hope to expand the dea

    February 5, 2016 06:00 am JST
  • SM Prime Holdings

    Six new malls to open in 2016

    MANILA -- SM Prime Holdings, the Philippines' largest property developer by market value, said on Thursday it plans to open six new shopping centers this year. Five malls will be opened mostly in the greater Manila area, bringing the company's t

    February 4, 2016 08:47 pm JST
  • Bob Herrera-Lim: Visit by Japan's Imperial couple opens new chapter in ties with Philippines

    The Jan. 26-30 visit by Japanese Emperor Akihito and Empress Michiko to the Philippines followed the protocol of a carefully managed event even more scrupulously than the usual high-level visit. There was a clear focus on the positive aspects of a r

    February 4, 2016 12:00 pm JST
  • Japan's negative rates could be a bigger blessing for its neighbors

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown it may still have a few bullets left in its belts. BOJ Gov. Haruhiko Kuroda surprised markets again on Jan. 29 by pushing the deposit rate into negative

    February 4, 2016 12:00 pm JST
  • Chinese stocks get off to a rough start in January

    BANGKOK One of the factors behind the Bank of Japan's surprise move to push interest rates into negative territory was the turbulence hitting stock markets. This year got off to a tumultuous start in many markets. Asian stocks were no exceptio

    February 4, 2016 12:00 pm JST
  • Adm. James Stavridis: Transparency and collaboration will reduce military tension in Asia

    We are at the start of a dangerous arms race in Asia as nations in the region respond to rising and more assertive military power in China and growing instability on the Korean Peninsula. And the American "Pacific pivot" is failing to gain traction

    February 4, 2016 12:00 pm JST
  • Cebu Air

    Long-haul routes boost Philippine airline's 2015 passenger volume

    MANILA -- Budget carrier Cebu Air on Wednesday said passenger volume rose 9% to 18.4 million last year, driven by long-haul routes. The Philippines' largest low-cost airline, operating under the Cebu Pacific brand, said the number of passengers

    February 3, 2016 08:00 pm JST
  • Gold sticks near 3-month high as risk aversion in play

    MANILA (Reuters) -- Gold stabilised near a three-month top early on Wednesday, its safe-haven appeal kept intact by concerns over a wobbly global economy that has put share markets under pressure. Buying from China, the world's top gold consumer

    February 3, 2016 11:24 am JST
  • Contract manufacturing

    Sumitomo to lift electronic parts output in Southeast Asia

    TOKYO -- Sumitomo Corp. will expand Southeast Asian contract production of electronic parts amid expected growth in demand following the recent creation of a regional economic community. The Japanese trading house also seeks to turn earnings aro

    February 2, 2016 07:30 am JST
  • Frederic Neumann

    Kuroda's helping hand to Asia

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown that they may still have a few bullets left in their belts. BOJ Governor Haruhiko Kuroda surprised markets again on Jan. 30 by pushing the deposit rate

    February 1, 2016 09:00 pm JST
  • James Stavridis

    Defense transparency and collaboration will help Asia avoid war

    We are at the start of a dangerous arms race in Asia as nations in the region respond to rising and more assertive military power in China and growing instability on the Korea Peninsula. And the American "Pacific pivot" is failing to gain traction i

    February 1, 2016 07:00 am JST
  • Asia300 shares

    In a turbulent January, Chinese stocks lost big

    BANGKOK -- The opening month of 2016 was a tumultuous one for many market participants. Asia, alas, acted as a catalyst of upheaval. The stock price performance of Asia300 companies, to a certain extent, reflected this trend, with mainland Chinese s

    January 31, 2016 01:00 pm JST
  • Bob Herrera-Lim

    Emperor's visit to Manila turns the page on the past

    The Jan. 26-30 visit by Japanese Emperor Akihito and Empress Michiko to the Philippines followed the protocol of a very carefully managed event, more so than the usual high-level visit to Manila. There was a clear focus on emphasizing the positive a

    January 30, 2016 10:30 pm JST
  • Emperor, empress return from trip to Philippines to mourn war dead

    TOKYO (Kyodo) -- Emperor Akihito and Empress Michiko returned to Japan on Saturday after a five-day trip to the Philippines to pay tribute to those who died in the Southeast Asian country during World War II. Their state visit from Tuesday was t

    January 30, 2016 05:48 pm JST