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  • Philippine consortium proposes $6.75bn bid to transform Manila's airport

    MANILA -- A consortium of major Philippine conglomerates has pitched a 350-billion-peso ($6.75 billion) proposal to transform Manila's international airport into a regional aviation hub.The seven business groups -- Ayala Corp., JG Summit Holdings, A

    February 13, 2018 03:04 pm JST
  • Michael Vatikiotis

    Ending impunity in Manila

    The decision by the chief prosecutor of the International Criminal Court in The Hague to launch a preliminary examination of the so-called war on drugs in the Philippines, opens a new chapter for the controversial court, which has never before consi

    February 13, 2018 01:30 pm JST
  • Bad to worse: Duterte's plan to ease Philippine traffic withers

    Congestion was a major political issue in the 2016 presidential race, which President Rodrigo Duterte won partly on a promise to tackle it. But Filipinos expect the roads to clog up further as Mr. Duterte's infrastructure projects encounter delays.F

    February 13, 2018 11:00 am JST
  • Nikkei Asia300 Index rebounds after U.S. equities gain

    MUMBAI (NewsRise) -- Asian stocks outside of Japan, tracking a recovery in U.S. equities, rebounded Monday, even as investors braced for more volatility this week.The Nikkei Asia300 Index advanced 0.6% to 1,398.82, after slumping 7.5% in the previou

    February 12, 2018 08:57 pm JST
  • Emerging markets see biggest portfolio outflow in 14 months

    TOKYO -- Emerging markets suffered last week their biggest net portfolio outflows since the 2016 U.S. presidential elections, with Asia taking the biggest hit, data from the International Institute of Finance shows.Investors pulled out $5.2 billion

    February 12, 2018 01:17 am JST
  • So who were the winners after tumultuous week?

    TOKYO -- Darkness often makes the stars stand out more. As the shades of black market sentiment fell this week, there were some stocks which shone.On Friday the stock market ended the week with another massive decline. Growing inflation expectations

    February 9, 2018 10:16 pm JST
  • Nikkei Asia300 Index slumps tracking Wall Street turmoil

    MUMBAI (NewsRise) -- Asian stocks outside of Japan tumbled Friday, after U.S. markets plunged for a second time this week amid lingering concerns over climbing bond yields.The Nikkei Asia300 Index dropped 2.5% to 1,390.81, taking its losses for the

    February 9, 2018 08:32 pm JST
  • China stocks lead Friday's Asian sell-off after US plunge

    TOKYO -- Asian shares were sold off across the board on Friday, as investors responded to another Wall Street plunge that put U.S. stocks into correction territory overnight.Chinese shares led the decline during the Asian trading day. The Hong Kong

    February 9, 2018 06:47 pm JST
  • International Criminal Court opens probe on Duterte's drug war

    MANILA -- The International Criminal Court has launched a "preliminary examination" over Philippine President Rodrigo Duterte's war on drugs, his spokesperson said on Thursday.Manila's mission in The Hague was informed by the ICC that its Office of

    February 8, 2018 09:36 pm JST
  • San Miguel earmarks $13.6bn for food and infrastructure push

    MANILA -- San Miguel, the Philippines' largest listed company by revenue, has earmarked up to 700 billion pesos ($13.6 billion) for an expansion plan running until 2022, the conglomerate told the stock exchange on Thursday.The budget will bankroll e

    February 8, 2018 09:14 pm JST
  • Nikkei Asia300 Index posts first gain of week

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday as investors stepped up purchases after three days of losses even as they awaited cues on where the U.S. inflation could be headed.The Nikkei Asia300 Index rose 0.7% to 1,425.88, after

    February 8, 2018 08:24 pm JST
  • James Crabtree

    Emerging Asia risks never growing rich

    This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly. Yet even putting this week's global stock market wobble

    February 8, 2018 03:00 pm JST
  • Asia's manufacturers start the year off strong

    HONG KONG Asian manufacturers started the year off strong, as global trade picked up in January, the latest Nikkei Manufacturing Purchasing Managers' Index survey showed. Nine of 11 Asian countries and regions surveyed saw an expansion of manufactur

    February 8, 2018 10:00 am JST
  • Democracy rankings put Asia in poor standing

    TOKYO Asia witnessed the biggest deterioration in its democratic conditions of any region in 2017, as minorities in countries including Indonesia and Myanmar suffered.In the annual democracy index ranking compiled by the Economist Intelligence Unit

    February 8, 2018 10:00 am JST
  • ASEAN's midsize companies are becoming major players

    SINGAPORE Midsize companies in Southeast Asia are thriving, helped by the region's growing middle class and public works spending.A Nikkei survey covering Southeast Asian listed companies with annual sales of $100 million or less showed that earning

    February 8, 2018 10:00 am JST
  • Richard Heydarian: The Catholic Church contends with Duterte's rule

    The powerful Philippine Catholic Church has long taken a quiet approach to the country's secular rulers. Not any more.Shaken to its venerable foundations by the rise of President Rodrigo Duterte, the church has hit back with unprecedented strength a

    February 8, 2018 10:00 am JST
  • Nikkei Asia300 Index falls, dragged down by Chinese banks

    MUMBAI (NewsRise) -- Asian equities outside of Japan fell Wednesday, as losses in heavyweight stocks overshadowed an overnight rally in U.S. indexes.The Nikkei Asia300 Index declined 0.7% to 1,416.66, adding to Tuesday's tumble of more than 3%. Chin

    February 7, 2018 08:43 pm JST
  • Asian manufacturers make strong start to 2018

    HONG KONG -- Asian manufacturers started the year strongly as global trade picked up in January, the latest Nikkei Manufacturing Purchasing Managers' Index (PMI) survey shows.Nine of 11 Asian economies surveyed saw an expansion of manufacturing acti

    February 7, 2018 01:50 pm JST
  • Asian stocks rally after Wall Street rebound

    TOKYO -- Asian stocks are following the rebound in the U.S. equity market, just as they trailed Wall Street off a cliff earlier in the week.In Hong Kong, the benchmark Hang Seng Index opened 2.55% higher on Wednesday morning. Index heavyweights such

    February 7, 2018 01:26 pm JST
  • ASEAN 'concern' resurfaces over contested waters with China

    SINGAPORE -- The situation in the South China Sea, where China has moved aggressively amid conflicting territorial claims, was highlighted as a source of concern in an ASEAN foreign ministers' statement released Tuesday, with Singapore taking a more

    February 7, 2018 07:13 am JST