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  • CEO in the News: SM Investments breaks the mold with outside appointment

    MANILA In late April, SM Investments, the largest conglomerate in the Philippines by market value, announced big changes in its senior management. Teresita Sy-Coson, the eldest among the six children of the group's founder, Henry Sy, said the move r

    June 15, 2017 10:00 am JST
  • About the Asia300 ranking of power performers

    The Nikkei Asian Review has analyzed the growth, profitability, efficiency and financial soundness of the companies in the Asia300 list, based on their earnings for the most recent fiscal year. A company's power ranking is a comprehensive assessment

    June 15, 2017 10:00 am JST
  • Asian shares outshine their advanced-economy peers

    TOKYO The Nikkei Asia300 Index, which tracks 300 high-profile Asian companies, recorded a 17% gain since its debut six months ago.The index stood at 1052.97 when it first started on December 1, 2016. After slumping briefly out of the gate, it shot u

    June 15, 2017 10:00 am JST
  • PLDT exits power business in $440m deal with Metro Pacific

    MANILA -- PLDT, the Philippines' largest telecom, is no longer in the power industry, with one of its units having agreed to sell its stake in an electric utility to Metro Pacific Investments for 21.8 billion pesos ($440 million).The PLDT unit agree

    June 14, 2017 09:49 pm JST
  • Cebu Air, Philippine Airlines spending $900m to upgrade fleets

    MANILA -- The two largest airlines in the Philippines are undertaking fleet upgrades to bolster their positions amid intensifying competition in regional aviation.Last week, low-cost airline Cebu Air, which flies as Cebu Pacific Air, ordered seven A

    June 14, 2017 09:38 pm JST
  • Juzhong Zhuang

    Responding to income inequality in Asia

    The news on inequality is both good and bad. While global income disparity has narrowed significantly over recent decades thanks to robust economic growth in many low- and middle-income economies, gaps within countries have widened significantly.In

    June 14, 2017 01:30 pm JST
  • Independent lender takes on Philippine conglomerates

    MANILA -- Security Bank is blazing its own trail as an independent lender in a Philippine banking industry dominated by conglomerates, leveraging a partnership with Bank of Tokyo-Mitsubishi UFJ to pursue a unique strategy centering on Japanese busin

    June 14, 2017 12:10 pm JST
  • Japan to help ASEAN chill out in food distribution

    TOKYO -- Japan's transport ministry will assist in the development of refrigerated-distribution networks in Southeast Asia to enable the region to meet growing demand for fresh foods, ultimately enhancing opportunities for Japanese businesses.Transp

    June 14, 2017 10:00 am JST
  • Philippine telco PLDT set to outsource IT operations to IBM

    MANILA -- Philippine telecommunications giant PLDT expects to sign its much-anticipated deal to outsource its information-technology operations to IBM by the end of June, Chairman and CEO Manuel Pangilinan said on Tuesday.The company announced in Ma

    June 13, 2017 09:32 pm JST
  • Philippines misses 2nd deadline to remove Islamic militants

    MANILA -- The Philippine army missed its second self-imposed deadline on Monday to free parts of the southern city of Marawi from the control of Islamic State-linked militants.The U.S. Embassy in Manila over the weekend said U.S. forces had started

    June 13, 2017 08:49 am JST
  • Islamic State calls for attacks in West, Russia, Middle East, Asia during Ramadan

    CAIRO (Reuters) -- An audio message purporting to come from the spokesman of Islamic State called on followers to launch attacks in the United States, Europe, Russia, Australia, Iraq, Syria, Iran, and the Philippines during the Islamic holy month of

    June 13, 2017 06:04 am JST
  • William Pesek

    Philippines loses its shock absorber

    Throughout the first year of Rodrigo Duterte's reign in the Philippines -- the extrajudicial killings, policy chaos, verbal barbs at world leaders, rape jokes, authoritarian impulses -- one man stood firm against investors fleeing.That man, Amando T

    June 12, 2017 12:00 pm JST
  • CEO in the News

    SM Investments breaks the mold in handing power to outsider

    MANILA -- In late April, SM Investments, the largest conglomerate in the Philippines by market value, announced big changes in its senior management. Teresita Sy-Coson, the eldest among the six children of the group's founder, Henry Sy, said the mov

    June 11, 2017 12:00 pm JST
  • Philippine army vows to overrun militants linked to Islamic State

    MANILA -- The Armed Forces of the Philippines on Friday set the country's 119th Independence Day anniversary on June 12 as the next deadline for liberating the southern city of Marawi from militants aligned with Islamic State.As the battle for Maraw

    June 10, 2017 12:52 am JST
  • Philippine gaming regulator suspends Resorts World Manila casino operations

    MANILA -- Resorts World Manila will not be able to resume casino operations until the Philippine gaming regulator rules on the company's liability for the attack on June 2 that killed 37 staff members and guests, including foreigners.Andrea Domingo,

    June 9, 2017 10:40 pm JST
  • Philippines, Indonesia, Malaysia team up in terror fight

    MANILA -- The Philippines, Indonesia and Malaysia will collaborate on air and marine defense in the wake of frequent terrorist attacks by extremists linked to the Islamic State group.Malaysian Defense Minister Hishammuddin Tun Hussein has said the t

    June 8, 2017 03:10 pm JST
  • Filipino help fills a growing labor void in Japan

    TOKYO The rapid aging and decline of Japan's population is resulting in a labor shortage. For the president and CEO of Magsaysay, a Philippine human resources and shipping group, this is a promising opportunity.In an interview with the Nikkei Asian

    June 8, 2017 10:00 am JST
  • Asia manufacturing turns soft as China's construction loses steam

    HONG KONG The recovery of Asian manufacturing proved to be short-lived. Of the 12 economies tracked by The Nikkei across the region, seven registered slower growth and three saw contractions in May. Analysts noted that the downturn has much to do wi

    June 8, 2017 10:00 am JST
  • James D.J. Brown

    Moscow's 'look east' policies could add muscle to Southeast Asia

    Despite being cut short by a crisis in Mindanao, Philippine President Rodrigo Duterte's visit to Russia in late May highlighted warming ties between Moscow and some Southeast Asian countries. In total, 10 government-level deals were signed between R

    June 8, 2017 10:00 am JST
  • Aeon to double indoor theme parks in Asia

    TOKYO -- Japanese retailer Aeon will speed the expansion of indoor theme parks in Asia as it targets growth in the region's entertainment sector amid stiffer local retail competition.Over the next three years, Aeon seeks to double the number of loca

    June 8, 2017 05:38 am JST