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  • Meralco lights up JG Summit profits

    MANILA -- JG Summit Holdings (JGS), a major Philippine conglomerate, has seen profits surge by around a third in the first half due to gains from its recent investment in Manila Electric (Meralco), the country's largest electricity distributor.

    August 14, 2014 07:35 pm JST
  • Philippines' Jollibee Foods grows 17% in first half

    MANILA -- Philippine fast food giant Jollibee Foods' net profit attributable to equity holders jumped 17.2% in the first half to 2.46 billion pesos ($56 million), driven by higher sales from both new and old stores. System-wide sales, which refe

    August 14, 2014 04:12 pm JST
  • Metro Pacific sitting pretty for 2014 after double-digit first-half profit surge

    MANILA -- Metro Pacific Investments logged double-digit profit growth in the first half through June, prompting the Philippine infrastructure conglomerate to set a higher earnings target for the full year. Metro Pacific ended the half with 4.2 b

    August 14, 2014 02:06 pm JST
  • Hong Kong dollar, stocks dance on Europe's woes

    HONG KONG -- Stock and currency markets here have been booming since mid-July. Hope for an economic recovery in China is one driver, helped by capital flight from Europe, where nations are again feuding with one another. The benchmark Hang Seng

    August 14, 2014 12:00 am JST
  • E-commerce boom delivers growth for Malaysia's GDEX

    KUALA LUMPUR -- Among the line of workers in green polo shirts sorting parcels on a conveyer belt, the middle-aged man in a white dress shirt stood out instantly. Sweat was flowing down his cheeks, but he paid no attention to it: There were rows of

    August 14, 2014 12:00 am JST
  • Music streamer KKBox gains edge catering to region's diversity

    SINGAPORE -- Music fans are increasingly spoiled for choice as more Internet streaming services expand into Asia. The region is set to see a land grab between global players such as Spotify, Deezer, Amazon's new music service and, possibly, Apple's

    August 14, 2014 12:00 am JST
  • Asean-size window of opportunity opening up for Japan

    Association of Southeast Asian Nations members and other regional players have held a series of ministerial-level meetings in Myanmar's capital, Naypyitaw. While disputes over islands in the South China Sea were a major focus of the discussions, par

    August 14, 2014 12:00 am JST
  • Asean forum exposes rifts over China

    NAYPYITAW -- The Association of Southeast Asian Nations is deeply torn on China, possibly posing serious hurdles to resolving territorial disputes in the South China Sea. At the Asean Regional Forum held on Sunday, U.S. Secretary of State John K

    August 12, 2014 06:00 am JST
  • Ayala Land's profit jumps by a quarter in first half

    MANILA -- Ayala Land, a major Philippine real estate company, saw its net profit rise 25% in the first half of 2014 from a year earlier to 7.1 billion pesos ($161 million). Revenue rose 26% to 46.2 billion pesos in the first half, with increases

    August 11, 2014 04:50 pm JST
  • Nissan personel change in Philippines has expats gossiping

    Nissan Motor's recent announcement of a leadership change at its Philippines subsidiary shocked Japanese expatriates living there. Speculation that the Japanese carmaker has given up on the Philippines car market can be heard among the community.

    August 11, 2014 07:00 am JST
  • Beijing hints it may stop activities in South China Sea if Manila drops arbitration

    NAYPYIDAW -- China would be willing to halt its activities in disputed areas in the South China Sea if the Philippines backs out of international arbitration it initiated last year, Chinese Foreign Minister Wang Yi said Saturday. Philippine For

    August 9, 2014 10:10 pm JST
  • RareJob's online success built on trust with Filipino teachers

    TOKYO -- RareJob, a pioneer in online English language learning, has grown rapidly since its inception in 2007 by making the most of free video chat app Skype and talented Filipino teachers. The success of this approach owes much to the trust betwee

    August 9, 2014 01:00 pm JST
  • Asean to step up march toward integration

    NAYPYITAW -- Members of the Association of Southeast Asian Nations agreed Friday to speed up preparations for the region's economic integration next year, taking such steps as easing disparities through infrastructure development. In 2007, Asean

    August 9, 2014 04:24 am JST
  • Congestion at Manila port has businesses sweating

    Manila's move to place a partial ban on truck traffic earlier this year is having dire consequences at one of the Philippines' most important ports, as domestic and foreign businesses watch their goods gather dust at the docks. Citing concerns o

    August 7, 2014 11:57 pm JST
  • Green light for SM Prime $568-million bond sale

    MANILA -- SM Prime Holdings on Thursday secured the Philippine securities regulator's permission to issue up to 25 billion pesos ($563 million) in fixed-rate bonds. SM Prime, the Philippines' biggest real estate company, plans to raise 15 billio

    August 7, 2014 11:30 pm JST
  • Philippine Long Distance to buy 10% stake in Rocket Internet

    MANILA -- Philippine Long Distance Telephone on Thursday named Rocket Internet of Germany as its electronic commerce partner. In a stock exchange filing Thursday, PLDT said it would be pumping 333 million euros ($446 million) into Rocket for a 1

    August 7, 2014 07:30 pm JST
  • Philippine port operator enjoys windfall profit blast

    MANILA -- Strong operations and a series of extraordinary gains have pushed the first half profits of International Container Terminal Services (ICTSI) up 23% to nearly $102 million.The higher net income for the two quarters ending in June was due t

    August 7, 2014 07:29 pm JST
  • Hong Kong dollar, stocks dance on Europe's woes

    HONG KONG -- Stock and currency markets here have been booming since mid-July. Hope for an economic recovery in China is one driver. A bigger factor is capital flight from Europe, where nations are again feuding with one another. The benchmark H

    August 7, 2014 05:30 pm JST
  • Banking unit weighs on SM Investments' healthy 1st-half profit

    MANILA -- Profit at SM Investments, the Philippines' largest conglomerate by market value, slid 3.1% to 12.3 billion pesos ($280 million) in the first half of the year on lower contribution from its banking unit. But the holding firm of the nation's

    August 7, 2014 02:30 pm JST
  • Ai Ohara: More companies doing the right thing

    Companies are achieving both profit and environmental sustainability as well as tying up to improve the lives of the working poor. In Cambodia, this is being accomplished in the garment industry, where at least one factory is taking part in the sche

    August 7, 2014 12:00 am JST