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  • Aquino ally Robredo wins Philippines vice presidency

    MANILA -- A neophyte lawmaker endorsed by outgoing President Benigno Aquino will be the Philippines' next vice president, narrowly thwarting a bid by a former dictator's son to reach the post that stands just a heartbeat from the presidency.Congress

    May 28, 2016 02:30 am JST
  • Metro Pacific, GT Capital pool their infrastructure power

    MANILA -- Metro Pacific Investments Corp. and GT Capital Holdings on Friday announced deals that bring two of the Philippines' most powerful conglomerates into an infrastructure alliance.GT Capital, the holding company of tycoon George Ty, will own

    May 27, 2016 11:28 pm JST
  • LT Group unit to brew Heineken in Philippines

    MANILA -- Asia Brewery, a subsidiary of Philippine conglomerate LT Group, on Friday struck a deal with Heineken International that will allow it to brew the popular Dutch beer brand.The two companies will form a joint venture called AB Heineken Phil

    May 27, 2016 10:48 pm JST
  • New leaders can stem tide of democratic recession

    BANGKOK -- Amid a resurgence of autocratic regimes and the erosion of free speech in various parts of the world, civil society in Southeast Asia finds itself at a crossroads. The new leaders of Myanmar and the Philippines could hold the key to shapi

    May 27, 2016 04:10 pm JST
  • Companies in focus: Pan-Asian budget carrier alliance may portend an industry shake-up

    SINGAPORE Never before have Southeast Asia's cities been so well-connected. Credit the expanding aviation industry, which seems to keep giving the region one new budget airline after another.But the skies have grown crowded and profits are being pin

    May 26, 2016 12:00 pm JST
  • Obama seals his legacy as a president who reshaped America's Asia policy

    U.S. President Barack Obama's decision to visit Hiroshima, where an American atomic bomb killed approximately 140,000 civilians in 1945, is more than a symbolic act. It will entrench Washington's updated relationship with Asia in both American and J

    May 26, 2016 12:00 pm JST
  • Guntur Sugiyarto: Professional mobility is the biggest challenge facing

    The launch of the ASEAN Economic Community at the end of 2015 marked a major milestone for the 10 members of the Association of Southeast Asian Nations. The AEC envisions the establishment of a single market and production base that should create be

    May 26, 2016 12:00 pm JST
  • Jollibee lines up its chickens with Cargill

    MANILA -- Jollibee Foods has joined up with Cargill, the U.S. agro company, to build a poultry-processing plant to supply the Philippine fast-food group's various chains.Cargill Philippines, a subsidiary of the world's largest privately held company

    May 25, 2016 11:30 pm JST
  • Online shopping soars among young Asians

    TOKYO -- Nearly half of young people in Asia shop online at least once a week, with their purchases ranging from water and toilet paper to cosmetics and home appliances, according to a recent Nikkei survey.An overall average of 49.2% of respondents

    May 25, 2016 01:00 pm JST
  • Philippine conglomerates snap up pharmacy chains

    MANILA -- Expanding pharmacy chains selling a growing range of generic medicines reflect the pace of growth in the Philippine pharmaceutical sector -- and have caught the interest of powerful conglomerates.Last week, Robinsons Retail Holdings of the

    May 25, 2016 10:00 am JST
  • Philippines' BDO Unibank, Japan's Aozora in M&A advisory team-up

    MANILA --The Philippines' BDO Unibank and Aozora Bank of Japan are partnering up to advise companies from their respective nations on mergers and acquisitions.The collaboration was cemented on Monday with the signing of a memorandum of understanding

    May 23, 2016 10:08 pm JST
  • Duterte to seek corporate tax cuts

    DAVAO, Philippines -- A reduction of corporate tax rates will be on the table when presumptive Philippine President Rodrigo Duterte assumes office. Carlos Dominguez, Duterte's prospective finance secretary, told the Nikkei Asian Review that the inco

    May 23, 2016 07:30 pm JST
  • After "sons of whores" comment, Philippines' Duterte says he will defy Church with three-child policy

    MANILA (Reuters) - Philippine President-elect Rodrigo Duterte said he will defy the Roman Catholic Church and seek to impose a three-child policy, putting him on a new collision course with the bishops a day after he called them "sons of whores".The

    May 23, 2016 04:43 pm JST
  • Duterte says bilateral talks with China can wait

    DAVAO, Philippines -- Rodrigo Duterte, the Philippine president elect, has said he will hold a steady course on the territorial dispute with China in the South China Sea, and is in no hurry to quit the multilateral approach pursued under the outgoin

    May 22, 2016 10:38 pm JST
  • Malaysia's iFlix fights for screen time across Southeast Asia

    KUALA LUMPUR -- Malaysia's iFlix is aiming to be the leading online video streaming service in emerging markets and it has already gathered more than a million subscribers across Southeast Asia.The company started out with just two employees in Kual

    May 21, 2016 01:00 pm JST
  • Asia's millennials proving cautious consumers, investors

    HONG KONG -- In Asia, as in the U.S. and Europe, millennials are emerging as the new darlings of marketers, manufacturers and retailers who see them carrying the economy in the coming decades.But as Asian economies enter into a maturity phase, the r

    May 21, 2016 01:00 pm JST
  • Southeast Asian growth holds steady at 4.4%: ADB

    MANILA -- Year-on-year growth in Southeast Asia's five core economies was unchanged in the first quarter of 2016 compared with the preceding three months as the group turned in a mixed performance.Real gross domestic product rose 4.4% on the year in

    May 20, 2016 06:40 am JST
  • Philippines posts strong growth amid power transition

    MANILA -- The Philippines' real gross domestic product expanded 6.9% on the year in the January-March quarter, thanks to strong consumption and election-related spending. But now, maintaining this momentum will fall to the incoming presidential admi

    May 20, 2016 06:10 am JST
  • Philippines recorded fastest growth in Asia in Q1

    DAVAO, Philippines -- The Philippines has outpaced China to become Asia's fastest growing economy, as election spending helped push gross domestic product in the first quarter to a better-than-expected 6.9% expansion.Growth in the January-March peri

    May 19, 2016 05:40 pm JST
  • Commentary

    Ross O'Brien -- Philippines could be first cashless economy

    The Philippines has seen two changes to its socio-political landscape in recent weeks, both of which could radically change the pace of the country's economic growth.The most notable was the resounding victory of Rodrigo Duterte in the Philippines'

    May 19, 2016 04:00 pm JST