Teresita Sy-Coson, Vice-Chairperson, SM Investments Corporation, recalls how she learned the ropes of her family business, which is one of Philippines' most well-known conglomerate.» Read More
China dismissed a new U.S. proposal for a freeze on hostile actions that could heighten tensions in the disputed South China Sea, leaving Washington unable to overturn an impression that it can do little to back up allies at odds with Beijing over the contested waters and islands.
STOCKHOLM, Aug 7- Philippine Long Distance Telephone Company said on Thursday it was buying a 10 percent stake in Rocket Internet for 333 million euros in cash, valuing the German internet firm and potential IPO candidate at 3.3 billion euros.
*Crown's growing empire to include Macau, Sydney, Manila and Sri Lanka.
July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.
SEOUL, July 18- South Korea will scrap caps on rice imports from 2015, potentially opening up the politically sensitive market to more imports from countries such as the United States and China, in a move that has been fiercely resisted by many farmers. Seoul said steep tariffs would be used to protect its farmers.
*South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.
Lessons from Typhoon Haiyan helped the Philippines to respond faster to Typhoon Rammasun, says Richard Gordon, Chairman of the Philippine National Red Cross.
The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
MANILA, July 2- Sweating under their hard hats, renowned Polish architect David Libeskind and interior designers from Italy's Armani trooped to a construction site in sweltering, downtown Manila, to perform the ground breaking for a new tower in the Philippine capital.
*Vietnam, Thailand likely to be biggest supppliers of any extra imports. MANILA, June 27- The Philippines, one of the world's biggest rice buyers, will loosen restrictions on imports of the grain, potentially boosting opportunities for key suppliers in the region such as Vietnam and Thailand.
MANILA, June 20- The Philippines has taken emergency measures in a bid to head off a fast-spreading insect infestation threatening its coconut plantations, which if left uncontrolled could severely cripple the country's most valuable agricultural export.
June 19- For other related diaries, please. BEIRUT- Arab Economic Forum in Lebanon. SEOUL- South Korean Finance minister Hyun Oh- seok speaks at the Parliament session on recent events.
*Good news for producers such as Vietnam, Thailand. Bigger purchases by the world's fifth largest buyer of the grain would be good news for growers that typically supply the country such as Thailand and Vietnam. "It is likely that Indonesia will indeed import," said David Dawe, senior economist at the U.N.' s Food and Agriculture Organization in Bangkok.
*Energy World says its LNG import hub, power plant to start 2015. MANILA, June 9- Australia- listed Energy World Corp Ltd expects its nearly $1 billion liquefied natural gas hub and power plant in the Philippines to be running by early 2015, paving the way to a new market for imports of the super-chilled fuel.
TOKYO, June 4- A former employee of Universal Entertainment Corp filed a criminal complaint against Kazuo Okada, the Japanese firm's billionaire founder, alleging he ordered the payment of bribes to advance a still-unfinished casino project in the Philippines.
Conrad Saldanha, Manager, Emerging Markets Equities Fund, Neuberger Berman, explains why he likes markets in India, Indonesia and the Philippines.
This appears to be the case with the increasingly confrontational situation between China and its neighbours over the South China Sea, with all sides still pressing claims unacceptable to each other. The latest flashpoint is the Chinese decision to position an oil drilling rig in the South China Sea in waters claimed by both China and Vietnam.
While the agriculture sector may have weighed on first-quarter growth, Cesar Purisima, Finance Secretary of the Philippines, says other sectors like mining are doing well.
Kingsley Jones, Founder and CIO, Jevons Global, explains why the Philippines is still an attractive market despite expectations for lower first-quarter growth.