Asia Top News and Analysis Philippines


  • 'Consumer Revolution' Coming: How the West Can Win

    A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.

  • Asian Banks Outperforming Western Rivals: Analyst

    Ismael Pili, Head of Financials Research, Asia, Macquarie Securities said Asian banks are growing their market share even as their Western counterparts continue to deleverage.

  • FARGO, N.D.-- The North Dakota Soybean Council is hosting a group from the Philippines for a day. The guests on Monday are touring a greenhouse, feed mill and commodity trade room at North Dakota State University, as well as the Northern Crops Institute. The council says the goal is to promote soybeans grown in North Dakota.

  • BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.

  • BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.

  • MANILA, Oct 12- The Philippines is on track to at least match its previous record sales of retail treasury bonds, having sold 128 billion pesos of 25- year retail bonds less than halfway through the public offer period. Manila has cancelled a treasury bill auction set for Oct. 15, and an Oct. 23 auction of 7- year bonds to make room for the offer.

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.

  • -Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, Nestlé Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.

  • MANILA, Oct 12- Philippine conglomerate Ayala Corp confirmed on Friday it had bought part of the stake of Singapore's DBS Group in its banking arm for 25.6 billion pesos, raising its interest to more than 40 percent. DBS's stake in the Bank of Philippine Islands falls to 9.9 percent after the sale of a 10.4 percent holding to partner Ayala Corp..

  • SINGAPORE/ MANILA, Oct 11- DBS Group, Southeast Asia's largest lender, is selling more than half of its $1.3 billion stake in Bank of Philippine Islands. to Ayala Corp, a source familiar with the deal told Reuters on Thursday.

  • SINGAPORE, Oct 11- Asian regrade prices- the price difference between jet fuel and gasoil- climbed to an almost one year high on Thursday as jet fuel found strength from the United States and China ahead of year-end travel amid short supply. Chevron had earlier bought jet fuel from Taiwan's Formosa, likely to ship it to the United States, traders said.

  • SINGAPORE/ MANILA, Oct 11- DBS Group, Southeast Asia's largest lender, is selling part of its stake in Bank of Philippine Islands that is currently worth around $1.3 billion to Ayala Corp, a source familiar with the deal told Reuters on Thursday. Ayala, a conglomerate, is the biggest shareholder in BPI, which is the Philippines' largest bank by market capitalisation.

  • BANGKOK, Oct 11- Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd. Singapore recouped earlier losses, helped by late buying in beaten-down large caps, with the benchmark Straits Times Index.

  • -Gross foreign portfolio inflows in January to September reached $13.2 billion and gross outflows totalled $10.5 billion, resulting in a nine-month net inflow of $2.63 billion. -Inflows in September rose following news of the European Central Bank's plan to buy bonds of distressed euro zone economies and Spain's announced cuts to its budget as well as the U.S.

  • *Captures EPC contract for Malampaya deep water gas-to-power project in the. *Says Fluor booked the undisclosed contract value in the third quarter. *Source text* Further company coverage ().

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.

  • MANILA, Oct 11- Following are some company-related and market news which could have an impact on the local market. -President Benigno is keynote speaker at the third and last day of the 38th Philippine Business Conference and Exhibition, Manila Hotel, 11:00 a.m..

  • BANGKOK, Oct 11- Year-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in Southeast Asia.

  • BANGKOK, Oct 10- Singapore shares fell to a near one-month low while most other Southeast Asian stocks also ended lower on Wednesday as flagging global economic growth triggered selling in blue-chip stocks, including Keppel Corp. Oil rig builder Keppel Corp led among battered large-cap stocks, sliding 1.4 percent.

  • Indeed the reception to the four deals that priced last night by Sunac China, United Overseas Bank, Syndicate Bank and Lifestyle suggest that there is still an enormous pool of funds that have to be put to work with only three months left of 2012..