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  • ADB to ink cooperation deal with AIIB

    TOKYO -- The Asian Development Bank will sign a memorandum of understanding with the China-led Asian Infrastructure Investment Bank to extend syndicated loans and promote policy dialogue, informed sources said on Saturday.The deal between the two in

    April 30, 2016 11:40 pm JST
  • Duterte fails to calm nervous investors

    MANILA -- Rodrigo Duterte, the frontrunner in the Philippine presidential election, talked with businessmen about killing criminals and tackling drug problems on Wednesday at an event intended for him to spell out his economic policies.At the Presid

    April 28, 2016 12:45 pm JST
  • Tea Leaves

    Hague rulings won't bend China's will

    In the coming weeks, a five-member panel of judges, all experts in maritime law, will announce a ruling on Beijing's claims to the South China Sea. The judges work for the Permanent Court of Arbitration in The Hague, one of the world's oldest intern

    April 28, 2016 12:00 pm JST
  • Bob Herrera-Lim: Presidential hopeful Duterte taps into Philippine frustration

    In their frustration at ineffective government in the Philippines, voters have found a champion in Rodrigo Duterte, the mayor of Davao, the largest city on the southern island of Mindanao. A late entrant to the presidential race and not even conside

    April 28, 2016 12:00 pm JST
  • As multinationals push into Asia, Asian companies are pushing out

    HONG KONG The fact that China is growing at its slowest pace in a quarter century has not discouraged foreign businesses from seeking opportunities in this part of the world. At the same time, Asian companies have been growing stronger for a long

    April 28, 2016 12:00 pm JST
  • Hague rulings won't bend China's will

    In the coming weeks, a five-member panel of judges, all experts in maritime law, will announce a ruling on Beijing's claims to the South China Sea. The judges work for the Permanent Court of Arbitration in The Hague, one of the world's oldest intern

    April 28, 2016 12:00 pm JST
  • Michael Vatikiotis: The Philippines needs to address the turmoil in Sulu Sea

    The grainy screen shot of a group of defiant gunmen holding guns and knives to the throats of Western hostages looks like something out of northern Syria or Iraq. The backdrop of dense tropical foliage, however, places this grim scene in Southeast A

    April 28, 2016 12:00 pm JST
  • New framework to facilitate mutual fund sales across Asia-Pacific

    TOKYO -- Japanese financial institutions will be able to offer mutual funds in other Asian markets without undergoing often lengthy approval procedures under a proposed region-wide legal structure. Slated to come into effect around the end of 20

    April 28, 2016 02:50 am JST
  • Cebu Air's passenger volume up 13% in first quarter

    SINGAPORE -- Cebu Air carried 4.8 million passengers in the January-March quarter, a 13% increase from a year earlier, the company announced Wednesday. The operator of the Philippines' largest budget carrier, Cebu Pacific Air, said that passenge

    April 28, 2016 01:38 am JST
  • Widodo in 'host mode' affirms Jakarta's ASEAN commitment

    JAKARTA -- Indonesian President Joko Widodo was in a jovial mood on April 26 as he greeted a group of senior editors from Association of Southeast Asian Nations countries at his presidential palace and ushered them in to lunch. The buffet "worki

    April 27, 2016 03:00 pm JST
  • Malaysian market wrap

    Shares plunge, ringgit slides on 1MDB default

    KUALA LUMPUR (NewsRise) -- Malaysian shares ringgit chalked their worst single-day percentage loss in over three months Tuesday and the ringgit slipped, as a default by state investment fund 1Malaysia Development on its interest payment further sour

    April 26, 2016 07:37 pm JST
  • Commentary

    Kavi Chongkittavorn: New Lao leader in ASEAN driving seat

    The emergence of Thongloun Sisoulith as the new leader of the People's Democratic Republic of Laos augurs well for the country's chairmanship of the 10-country Association of Southeast Asian Nations this year. Thongloun, who was elected prime mi

    April 25, 2016 07:00 pm JST
  • Diversification key to globalization for Asian companies

    HONG KONG -- As Asian companies aspire to grow, they become more inclined to look beyond their home turf. Some of the successful forerunners present at the FT-Nikkei Asia300 Forum on Monday morning embody the importance of companies diversifying the

    April 25, 2016 04:55 pm JST
  • Duterte soars 2 weeks before Philippine elections

    DAGUPAN CITY, Philippines -- Tough-talking presidential candidate Rodrigo Duterte's popularity has surged, just two weeks before the election on May 9, according to the latest survey conducted after his much-criticized joke about the rape of an Aust

    April 25, 2016 04:15 pm JST
  • Southeast Asia's growing middle class is sweet smell to fragrance industry

    TOKYO -- When the world's fragrance makers sniff out Southeast Asia, what they smell is growth. The burgeoning middle class with its purchasing power is creating new demand for fragrances, not only for foods, but also for detergents and other daily

    April 24, 2016 07:00 am JST
  • Philippines' largest lender tempers 2016 outlook amid global worries, local elections

    MANILA -- BDO Unibank expects profit to grow at a slower pace this year, as uncertain global economic conditions and elections at home are having a dampening effect on financial performance. The Philippines' biggest bank by assets expects to mak

    April 22, 2016 08:15 pm JST
  • Tokyo looking to export Japanese nursing care

    TOKYO -- Japan's government will consider providing aid for the country's nursing care business ventures in the Philippines and other parts of Asia. A committee of the ruling Liberal Democratic Party will issue recommendations in May for such an

    April 22, 2016 06:05 am JST
  • Philippines faces fallout from Bangladesh bank heist

    MANILA -- An $81 million cybertheft from the Bangladeshi central bank has rocked the Philippines, where the money ended up, highlighting legal loopholes that allow money laundering through the nation's casino industry. Hackers tried to steal $95

    April 22, 2016 04:20 am JST
  • Philippines probes data leak affecting 55 million voters

    MANILA -- The Philippine government is investigating a massive breach of sensitive voter information, in what observers have described as the biggest government-related data leak in the country's history. Hacktivists put up a search engine calle

    April 21, 2016 11:43 pm JST
  • Philippine port operator ICTSI cuts staff on gloomy outlook

    MANILA -- International Container Terminal Services Inc. plans to lay off workers in Brazil and employ other cost-cutting measures to offset slowing business.Weak demand due to a slowing Chinese economy and a collapse in oil prices in the Middle Eas

    April 21, 2016 11:06 pm JST