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  • Philippine growth rebounds but full-year target out of reach

    MANILA -- The Philippine government is poised to abandon its full-year growth target after the economy failed to pick up enough steam in the second quarter. Gross domestic product grew just 5.0% in the first quarter -- the slowest in over three ye

    September 3, 2015 12:00 am JST
  • Upsurge in piracy roils Southeast Asian waters

    JAKARTA -- These days, the word "piracy" usually brings to mind illegally copying music, movies or software. But in the waters of Southeast Asia, mainly off Indonesia and Malaysia, the traditional meaning prevails, with boatloads of armed men stormi

    September 3, 2015 12:00 am JST
  • To raise or not to raise? No direction out of Jackson Hole

    JACKSON HOLE, Wyoming -- In a speech that attracted the attention of market participants around the globe, Federal Reserve Vice Chairman Stanley Fischer left the door open for a rate rise as soon as September, even as market turbulence cast a cloud

    September 3, 2015 12:00 am JST
  • Nicholas Spiro: China the real worry for emerging market investors

    Investor sentiment toward emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms in August, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds suf

    September 3, 2015 12:00 am JST
  • Ayala Land

    Rising incomes mean big opportunities for Philippine developer

    MANILA -- Ayala Land is pushing ahead with new development projects as Philippine living standards rise. The developer recently opened an upscale supermarket in Manila and is building new suburban "communities" around the country that combine h

    September 2, 2015 07:00 pm JST
  • Asian equities

    China stocks slide despite speculation over funds injection

    HONG KONG -- Chinese stocks continued to struggle Wednesday, after sharp overnight declines in the U.S. and Europe. Global investors are finding it hard to shake concerns about the fundamental weakness of the world's second-largest economy. The

    September 2, 2015 06:00 pm JST
  • 'Not pessimistic'

    China market woes no threat to Asia's growth, says ADB chief Nakao

    TOKYO -- Asia's economies will continue to grow steadily in the future, Asian Development Bank President Takehiko Nakao said Wednesday, arguing they are strong enough to weather a slowdown in China. Speaking at a hotel in Kanagawa Prefecture, so

    September 2, 2015 06:00 pm JST
  • Signs of pullback growing

    Spiking gold to oil ratio points to trouble for world economy

    TOKYO -- The world economy is showing signs of stress, as reflected in turbulent global stock markets. Investors and policymakers are on guard, with the outlook China and other emerging economies particularly grim. One closely watched commodity

    September 1, 2015 02:15 pm JST
  • Nariman Behravesh

    What are the ramifications of the 'rolling routs' in financial markets on US and global growth?

    Global financial markets have been gripped by fear in recent weeks. What began as "Taper Panic" two years ago turned into "The Great Deflation" in commodity prices last year, and finally morphed into a huge stock market sell-off this summer, first i

    September 1, 2015 09:28 am JST
  • Vijay Sakhuja

    Search and rescue operations could help counter South China Sea tensions

    Amid ongoing tensions in the South China Sea, China and the Association of Southeast Asian Nations have agreed to constitute an eminent persons and experts group to provide specialist advice on setting up two so-called hotline platforms to focus on

    August 31, 2015 10:25 pm JST
  • 5 main economies

    Southeast Asia misses GDP forecast

    MANILA -- Southeast Asian economies are slowing. Gross domestic product in the region's five main economies grew at a real 4.2% during the April to June period, down 0.2 of a percentage point from the first quarter of 2015. China, whose own boggy ec

    August 30, 2015 02:30 am JST
  • Ring of Fire's blessing

    Japan, West looking to ride geothermal boom in Indonesia, Philippines

    TOKYO -- Development of geothermal power plants is picking up in Indonesia and the Philippines, providing opportunities for many Japanese and Western companies. At the Sarulla Geothermal Power Plant under construction on northern Sumatra in Indo

    August 29, 2015 12:37 am JST
  • Asian market jitters

    Sharp rebound fails to quell pessimism

    BANGKOK -- Even though mainland Chinese equities sharply rebounded on the last two days of a tumultuous week, market watchers remain on edge. Some warn that another steep correction is in store.2,000, here we come?David Cui, head of China equity str

    August 29, 2015 12:15 am JST
  • Nicholas Spiro

    China the real worry for emerging market investors

    Investor sentiment towards emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms this month, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds s

    August 28, 2015 07:00 pm JST
  • 27-month streak

    Southeast Asian new-car sales slip yet again in July

    BANGKOK -- New-car sales volume in six major Southeast Asian countries slid year-on-year for a 27th straight month in July as economic weakness, rising interest rates and new taxes depressed consumer sentiment. Total sales dropped 13% to 226,166

    August 28, 2015 03:42 am JST
  • Philippine economy

    Manila mulling lower growth target after not-so-stellar 2nd quarter

    MANILA -- The Philippines is likely to cut its full-year economic growth target, following a respectable but not exceptional performance in the second quarter. Thanks to improved state spending, gross domestic product expanded 5.6% in the quart

    August 27, 2015 11:35 pm JST
  • Official development assistance

    Japan to take risks supporting infrastructure projects in Asia

    MANILA/TOKYO -- Plans to change guidelines governing projects funded by the Japan Bank for International Cooperation come as concerns grow over the future influence of the new China-led Asian Infrastructure Investment Bank.Countering the AIIBInfrast

    August 27, 2015 07:00 pm JST
  • Curtis S. Chin and Jose B. Collazo

    Is Southeast Asia equal to the opportunity challenge?

    It is perhaps not surprising that the issue of inequality gained little attention at the just-concluded 47th ASEAN Economic Ministers' meeting in Malaysia's capital. After all, relative to economic troubles elsewhere in the world, Southeast Asia's r

    August 27, 2015 05:00 pm JST
  • Philippine economy

    GDP grows 5.6% in 2Q, 2015 target likely to be missed

    MANILA -- The Philippine economy grew by 5.6% in the second quarter, the government announced on Thursday. Improvement in the services and industry sectors drove the expansion, National Statistician Lisa Grace Bersales said in a briefing. The s

    August 27, 2015 12:26 pm JST
  • Rally is too modest

    ASEAN blue chips, resource stocks hammered despite China rate cut

    BANGKOK -- Though Southeast Asian stocks saw a slight rebound Wednesday following overnight interest rate cuts by China's central bank, the gains were too modest to wipe out the losses from the previous two days. Blue chips across the region wer

    August 27, 2015 02:00 am JST