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Asia Top News and Analysis Philippines

  • June 8- Universal Entertainment Corp, a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. The statement says that all but HK $5 million of the loan was subsequently transferred to Okada Holdings Limited, a company controlled by...

  • June 8- Universal Entertainment Corp, a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. The statement says that all but HK $5 million of the loan was subsequently transferred to Okada Holdings Limited, a company controlled by...

  • *China May trade data stronger than forecast, picks up from April. *Trade surplus $40.81 bln; surplus with U.S. highest since Nov. BEIJING, June 8- China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property...

  • *China steel exports up 7.6 pct from April. BEIJING/ MANILA, June 8- China's iron ore imports rose 5.5 percent in May from a year earlier, recovering from a six-month low in April, as mills in the top steelmaking nation scooped up more raw material as they posted strong profits. Imports of iron ore last month reached 91.52 million tonnes, according to data from the...

  • **SERBIA- National Bank of Serbia interest rate decision. **NEW DELHI- Reserve Bank India Deputy Governor Viral Acharya and Chief Economic Adviser to the government of India Arvind Subramanian speaks at an Indian Council for Research on International Economic Relations two-day conference on G20 affairs in India. **BEIJING- California Governor Jerry Brown...

  • The fourth largest bank by assets in the Philippines reported a system glitch that led to money being wrongly transferred in and out of accounts.

  • **BANGKOK- Bank of Thailand releases minutes of its previous interest rate meeting on May 24- 0200 GMT. WARSAW- National Bank of Poland monetary policy council meeting. BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • Philippines marines patrol a deserted area on their way to assault an Islamist militant hideout in Marawi on June 3, 2017.

    Philippines troops found bundles of banknotes and cheques worth about $1.6 million abandoned by Islamist militants holed up in Marawi City.

  • BUDAPEST- Hungarian Central Bank non-rate-setting meeting. SYDNEY- Reserve Bank of Australia monetary policy meeting- 0430 GMT. WEDNESDAY, JUNE 7 BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • Resorts World hotel in Manila, Philippines.

    A deadly attack on a casino in Manila was led by a lone gunman who was a Filipino aimed at robbery, not terrorism, police said.

  • U.S. Defense Secretary James Mattis

    Washington wants to work with Beijing on North Korea, but cannot accept China's actions in the South China Sea, U.S. Defense Secretary James Mattis said on Saturday.

  • Armored Personnel Carriers of the Philippine National Police arrive at the Resorts World Manila complex early Friday, June 2, 2017 in suburban Pasay city southeast of Manila, Philippines.

    A gunman burst into a casino in the Philippines on Friday, firing shots and setting gaming tables alight.

  • HONG KONG, June 2- The billionaire owner of the City of Dreams casino resort in Manila will increase security at his complex, he said on Friday, following the deaths of at least 36 people at the nearby Resorts World Manila. "With an incident like this, especially at Resorts World Manila, we certainly would ratchet that up even more... certainly an issue we will buckle down...

  • Manila hotel on lockdown following reports of gunfire, explosions

    Philippine resort on lockdown after report of gunfire and explosions.

  • BEIJING- Bank of America Merrill Lynch Innovation China Summit 1200 GMT. WARSAW- Swedish central bank's first deputy governor, Kerstin af Jochnick, will participate in the European Financial Congress. BUDAPEST- Hungarian Central Bank non-rate-setting meeting.

  • A satellite image released by the Asian Maritime Transparency Initiative at Washington's Center for Strategic and International Studies shows construction of possible radar tower facilities in the Spratly Islands in the disputed South China Sea.

    Hanoi could emerge as a key player in Washington's long-term Southeast Asia push that's aimed at neutralizing Beijing's influence in the South China Sea.

  • SEOUL- Federal Reserve Bank of San Francisco President John Williams speaks before the Bank of Korea International Conference 2017 "Global Economic and Financial Challenges: The Decade Ahead," in Seoul, Korea 0010 GMT. BEIJING- Bank of America Merrill Lynch Innovation China Summit 1200 GMT. TUESDAY, JUNE 6 BUDAPEST- Hungarian Central Bank non-rate-setting...

  • Replicas of a North Korean Scud-B missile (L) and South Korean Nike missiles (R) displayed at the Korean War Memorial in Seoul on May 29, 2017.

    Weak regulations in parts of Africa and Southeast Asia are contributing to North Korea's revenue streams, recent research shows.

  • Philippine President Rodrigo Duterte salutes the honor guards upon arrival from Russia at the Ninoy Aquino International airport in Paranaque, Metro Manila, Philippines May 24, 2017.

    Rebels aligned with Islamic State are close to being defeated in the southern Philippine city of Marawi.

  • Will martial law work in the Philippines?

    Philippine President Duterte's use of martial law could generate even more resentment in Mindanao, says Roberto Herrera-Lim, Teneo Intelligence.