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  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Interview

    Philippine antitrust watchdog asks Duterte for big personnel boost

    MANILA -- The Philippines' antitrust watchdog plans to significantly bolster its manpower as it braces for a "deluge" of complaints on monopolies, cartels and other anti-competitive practices."We are submitting a proposal to the Office of the Presid

    September 20, 2017 11:00 am JST
  • Alliance Global launches $100 million share buyback program

    MANILA -- Philippine conglomerate Alliance Global Group on Tuesday launched a 5-billion peso (approximately $100 million) share repurchase program. Shares of the company rose 2.17% after morning trading, when the two-year program was announced. Grou

    September 19, 2017 06:18 pm JST
  • Emerging market stocks break records as money gushes in

    BANGKOK -- Waning prospects for higher U.S. interest rates have freed investors to pour money into emerging equity markets, with leading benchmarks in the Philippines, Brazil and elsewhere posting all-time highs in recent weeks.The Philippine Stock

    September 18, 2017 03:14 am JST
  • Philippine shares renew all-time high for a second day

    MANILA -- Philippine share prices reached a new all-time high Friday, renewing the previous day's record and fueling hopes for a bull market. The benchmark Philippine Stock Exchange index rose 0.44% to close at 8,180.85. The index is up 19.59% so fa

    September 15, 2017 08:35 pm JST
  • Enrique Razon cuts Bloomberry casino stake, raises $75 million

    MANILA -- Bloomberry Resorts chair and controlling shareholder Enrique Razon has unloaded a 3.18% stake in the Philippine casino company, raising around 3.8 billion pesos ($75 million).In an overnight placement, Razon's Prime Metroline Holdings sold

    September 12, 2017 02:45 pm JST
  • Countries grapple with perplexing RCEP puzzle

    SINGAPORE -- Although the Regional Comprehensive Economic Partnership has been hailed as the new flag-bearer for free trade in light of the U.S. withdrawal from the Trans-Pacific Partnership, its 16 negotiating members are struggling to meet their o

    September 12, 2017 02:24 am JST
  • Southeast Asia's power plants are getting an IoT upgrade

    BANGKOK Southeast Asian countries are adopting cutting-edge information technology to improve the efficiency and reduce the environmental impact of fossil fuel power plants that the region relies on to meet surging energy demand.Japanese trading hou

    September 7, 2017 10:00 am JST
  • DMCI Holdings founder David Consunji dies at 95

    MANILA -- David Consunji, the founder of Philippine infrastructure conglomerate DMCI Holdings, died on Monday. He was 95.Consunji, a civil engineer, founded the group in 1954, starting with D.M. Consunji Inc., a construction company. It became a sou

    September 5, 2017 02:50 pm JST
  • Southeast Asia gets smart about power plants

    BANGKOK -- Southeast Asian countries are adopting cutting-edge information technology to improve the efficiency and environmental impact of fossil fuel power plants that the region relies on to meet surging energy demand.Japanese trader Marubeni and

    September 4, 2017 10:27 pm JST
  • Mastering Business in Asia

    Asia schools itself in the art of business

    SINGAPORE/HONG KONG -- There are plenty of metrics to chart Asia's economic rise over the last two decades, ranging from economic growth rates and industrial output to tourist numbers and car sales. Less noticed, but just as striking, is the emergen

    August 24, 2017 12:00 pm JST
  • Asia schools itself in the art of business

    SINGAPORE/HONG KONG There are plenty of metrics to chart Asia's economic rise over the last two decades, ranging from economic growth rates and industrial output to tourist numbers and car sales. Less noticed, but just as striking, is the emergence

    August 24, 2017 10:00 am JST
  • CEO in the news: Dennis Uy rides the Philippine president's coattails to success

    MANILA When Phoenix Petroleum Philippines celebrated the 10th anniversary of its listing at an event at the Philippine Stock Exchange on July 11, an unlikely special guest was on hand: President Rodrigo Duterte.The leader has brushed off previous in

    August 24, 2017 10:00 am JST
  • Electric vehicles Ayala's chance to take on auto sector: unit CEO

    MANILA -- Because no Southeast Asian country has yet developed the infrastructure to support electric vehicles, Philippine conglomerate Ayala can help this country lead the region in that cutting-edge technology, says CEO Arthur Tan of AC Industrial

    August 23, 2017 01:50 pm JST
  • Ayala's manufacturing push paving way for electric car production

    MANILA -- Philippine conglomerate Ayala is bulking up its manufacturing business in a bid to lead Southeast Asia's transition to electric vehicles, betting the group's massive resources can make up for other nations' advantages in auto production.Si

    August 23, 2017 01:50 pm JST
  • CEO in the news

    A hungry tycoon rises from Duterte's Davao

    MANILA -- When Phoenix Petroleum Philippines celebrated the 10th anniversary of its listing at an event at the Philippine Stock Exchange on July 11, an unlikely special guest was on hand: President Rodrigo Duterte.The leader has shrugged off previou

    August 20, 2017 12:00 pm JST
  • Nikkei Asia300 Index recovers from weekly loss as US inflation damps Fed rate hike bets

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rebounded from a weekly loss, tracking gains on Wall Street after slower-than-expected U.S. inflation data eased expectations of another rate increase this year.The Nikkei Asia300 Index add

    August 14, 2017 09:24 pm JST
  • Overseas sales push Jollibee profits up 18%

    MANILA -- Jollibee Foods, the Philippines' largest quick-service restaurant chain, on Monday said profit grew 18.1% in the second quarter on surging sales from its overseas operations.The company, which runs its eponymous chain that offers a menu si

    August 14, 2017 07:13 pm JST
  • JG Summit experiences turbulence as first half airline profits fall

    MANILA -- JG Summit Holdings, a diversified Philippine conglomerate with regional exposure, reported on Friday that its net income slipped 16.5% to 14.64 billion pesos ($287 million) with its low-cost airline leading the falloff.Net profit at Cebu A

    August 11, 2017 09:39 pm JST
  • Ayala's net profit growth slows to 9% in first half

    MANILA -- Ayala Corp., a major conglomerate in the Philippines, said on Friday earnings growth during the first half slowed to 9% due to lower trading gains from its banking unit.The conglomerate, which has sizeable domestic real estate, banking, te

    August 11, 2017 06:54 pm JST