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  • San Miguel brings its airport plan to President Aquino

    MANILA -- San Miguel has pitched its plan to build a massive airport to President Benigno Aquino. The unsolicited proposal -- which comes amid constant criticism of this metropolis's aging and dilapidated aviation hub -- was formally presented t

    May 16, 2014 07:30 pm JST
  • GIC invests in Philippine hospital operator

    MANILA -- Singapore's sovereign wealth fund GIC plans to invest up to 10.2 billion Philippine pesos ($233 million) in Metro Pacific Investments in exchange for a stake in the latter's hospital group. In a stock exchange filing on Friday, Metro P

    May 16, 2014 06:50 pm JST
  • Showdown in Asia's budget skies: Setting the standard

    Budget airlines have transformed the way people in Asia think about travel. Corporations have even become accustomed to using these airlines for company travel. This is a sign that the sector is now mainstream. But Asia's budget airline growth

    May 16, 2014 03:00 am JST
  • Showdown in Asia's budget skies: Taking off

    HANOI -- Southeast Asia's expanding aviation market is connecting the region like never before. And budget airlines are leading the way. This has inspired the term "airnomics," in which the traffic of people, goods and money in the region increases

    May 16, 2014 03:00 am JST
  • San Miguels join forces to expand beer brand

    MANILA -- Philippines' San Miguel Brewery and Spain's Mahou San Miguel have forged an alliance to expand the beer brand's global footprint. According to a joint statement released Wednesday, the two companies "have signed a cooperation agreement

    May 15, 2014 03:29 pm JST
  • Chodai brings its consulting innovations to small hydroelectric projects

    TOKYO -- The Japanese construction consulting company Chodai is looking to small hydroelectric power plants located overseas to expand its services. The company is using a modified version of its road management system to monitor and improve the eff

    May 15, 2014 01:00 pm JST
  • Beijing flexing its muscles in South China Sea

    BEIJING -- An oil rig being built in waters also claimed by Vietnam is among China's latest moves to tighten its grip over disputed territories in the South China Sea, as it looks to both appease hawks in Beijing and test the U.S.'s mettle. The

    May 15, 2014 06:18 am JST
  • Taking off

    HANOI -- Southeast Asia's expanding aviation market is connecting the region like never before. And budget airlines are leading the way. This has inspired the term "airnomics," in which the traffic of people, goods and money in the region increases

    May 15, 2014 12:00 am JST
  • Setting the standard

    Budget airlines have transformed the way people in Asia think about travel. Corporations have even become accustomed to using these airlines for company travel. But Asia's budget airline growth over the past decade has also been exceptional in

    May 15, 2014 12:00 am JST
  • The sky's limit

    BANGKOK -- Don Mueang International Airport, Bangkok's original international gateway, closed in 2006 after more than eight decades of service. There was a new, $4 billion hub in town -- Suvarnabhumi Airport. But thanks to the popularity of budg

    May 15, 2014 12:00 am JST
  • Southeast Asian bourses woo foreigners with new products

    MANILA -- Southeast Asian countries are offering unique investment products targeting foreign investors as they challenge Asia's major stock markets in Japan and China. The Philippine Stock Exchange will set up an Islamic stock index and introdu

    May 15, 2014 12:00 am JST
  • Philippine port operator ICTSI's profit surges 29% in Q1

    MANILA -- The Philippines' biggest port operator, International Container Terminal Services (ICTSI) saw its profit jump 29% to $52.4 million last quarter ended in March, on the back of a one-time gain and increased volume of handled containers.

    May 14, 2014 06:36 pm JST
  • Philippine conglomerate SM Investments' 1st-quarter profit drops 16%

    MANILA -- SM Investments Corp., the Philippines' biggest conglomerate, said Wednesday its net profit fell 16% on the year in the first quarter of 2014. The company pinned the blame on lower contributions from its banking unit. Owned by Henry Sy

    May 14, 2014 04:50 pm JST
  • Philippines' population power to bring car-sales boom

    MANILA -- The Philippines used to boast only meager car sales, with the huge gap between rich and poor meaning only a wealthy few were able to afford vehicles of their own. Years of political turmoil and sluggish growth only made matters worse. Thes

    May 14, 2014 01:00 pm JST
  • Philippine telecom companies log higher profits in Q1

    MANILA -- Philippine telecommunications companies reported improved earnings last quarter, driven by sustained demand for services in Southeast Asia's fastest growing economy. Dominant carrier Philippine Long Distance Telephone (PLDT) posted a n

    May 13, 2014 07:50 pm JST
  • Ayala's net income jumps 22% to $125M in Q1

    MANILA -- Philippine conglomerate Ayala's net income rose 22% to 5.5 billion pesos ($125 million) in the quarter through March, buoyed mainly by its core businesses. The growth was driven by its real estate, telecommunications and water ventures

    May 13, 2014 07:35 pm JST
  • Universal Robina expanding production to Myanmar, Vietnam

    MANILA -- Universal Robina is building more facilities outside the Philippines as the company readies itself for next year's regional economic integration. The company, a leading food and beverage manufacturer in the Philippines, is set to open

    May 13, 2014 06:05 pm JST
  • Japan to help Asean fight cybercrime

    TOKYO -- Japan will do more to help member countries of the Association of Southeast Asian Nations counter the growing threat of cybercrime, people familiar with situation told The Nikkei on Tuesday. The government plans to create by the end of

    May 13, 2014 02:00 pm JST
  • Philippines' Emperador to buy Whyte & Mackay

    MANILA -- Listed Philippine distiller Emperador is fully acquiring United Spirits' whiskey unit, Whyte & Mackay Group and its subsidiaries, in a deal worth 430 million pounds ($734 million). According to the stock exchange filing on Monday, Empe

    May 12, 2014 05:45 pm JST
  • Homegrown startups tap into Philippine outsourcing boom

    MANILA -- The offshore outsourcing industry loves the Philippines. English is widely used there, the population is generally well-educated and wages are low -- all reasons why the country is a magnet for overseas companies looking to farm out admini

    May 12, 2014 07:00 am JST