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  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • CEO in the news: Salim Group's man in Manila takes a final shot at telecom glory

    MANILA Manuel V. Pangilinan, the chief executive of top Philippine telecommunications company PLDT, receives a briefing each week from what he calls the "kids" of Voyager Innovations, a unit that develops "disruptive" technologies.They update their

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Duterte wants to mix and mobilize funding sources to spread wealth

    MANILA -- It was a rare occasion in January that saw the heads of some of the largest corporations in the Philippines meet with President Rodrigo Duterte, who as a candidate last year made so much of refusing business funding for his election campai

    March 9, 2017 09:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO -- Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point fro

    March 8, 2017 05:00 pm JST
  • Philippines lawmakers reject Duterte's appointment of foreign minister

    MANILA (Reuters) -- Philippine lawmakers on Wednesday rejected the appointment of Perfecto Yasay as foreign minister, eight months into his term in office, citing "various compelling issues" over his qualifications.In a unanimous vote by a plenary s

    March 8, 2017 03:15 pm JST
  • Southeast Asian auto sales off to smooth start in 2017

    JAKARTA -- New-automobile sales climbed 5% on the year to 249,729 vehicles in six key Southeast Asian markets this January, growing in all except Vietnam, industry figures show.Indonesia's tally rose 1% to 86,252, continuing an uptrend that began la

    March 8, 2017 11:00 am JST
  • PLDT mulls jobs cuts, outsourcing to slash costs

    MANILA -- PLDT, the Philippines' largest telecom company, is considering laying off employees and outsourcing its IT operations to reduce costs, CEO Manuel Pangilinan said on Tuesday.The cost-cutting measures come as PLDT's net profit fell 9.3% to 2

    March 8, 2017 10:50 am JST
  • Beijing, Manila resume economic relations after recent hiatus

    MANILA -- China and the Philippines resumed official economic dialogue on Tuesday after a five-year break, with Beijing agreeing to bankroll three priority infrastructure projects worth $3.4 billion combined and Chinese companies promising to invest

    March 7, 2017 11:40 pm JST
  • Interview

    The 'Asian Netflix' takes on the pirates

    SINGAPORE -- Patrick Grove, chairman and co-founder of Sngapore-based internet-TV startup iflix, has developed a straightforward way to see what Asian consumers want to watch, but are not able to: Just look at what they are stealing."[Piracy happens

    March 7, 2017 02:45 pm JST
  • Duterte approves plan to boost broadband nationwide

    MANILA (Reuters) -- Philippine President Rodrigo Duterte approved on Monday a broadband internet plan, estimated to cost up to $4 billion, aimed at boosting access and service quality in a country growing at one of the world's fastest rates but lagg

    March 6, 2017 08:27 pm JST
  • Place your bets

    New frontiers for a new breed of casino operator

    HONG KONG Casino gambling has always been a cross-border business in Asia.The many gaming parlors of Macau, the region's oldest casino hub, could hardly have survived for so many decades just serving the small territory's population, today barely a

    March 6, 2017 10:00 am JST
  • CEO in the news

    Salim Group's Filipino confidant on final mission to revive PLDT

    MANILA -- Every week, Manuel V. Pangilinan, the chief executive of PLDT, the Philippines' largest telecommunications company, receives a briefing from what he calls the "kids" of Voyager Innovations, a unit that develops so-called "disruptive" techn

    March 4, 2017 01:00 pm JST
  • Philippines' Ayala to build 500-bed hospitals in Manila area

    TOKYO -- A health care provider under the umbrella of Philippine conglomerate Ayala is planning 500-bed general hospitals in suburbs of Manila, aiming to streamline health care services by integrating large facilities with a network of small clinics

    March 4, 2017 03:20 am JST
  • SM Prime pitching more affordable housing to next generation

    MANILA -- SM Prime Holdings, the largest property developer in the Philippines, plans to launch less expensive residential units this year as it adjusts its housing portfolio following years of cool demand.The company plans to offer units in eight k

    March 3, 2017 11:30 pm JST
  • Philippine liquor makers bottling global success

    MANILA -- Two of the Philippines' leading liquor companies are on overseas acquisition sprees.San Miguel, a food, beverage and packaging conglomerate, has acquired an Australian wine bottler to enhance its operations in Oceania, where it has purchas

    March 3, 2017 01:00 pm JST