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Asia Top News and Analysis Philippines


  • MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.

  • MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.

  • Ayala Land buys out Saudi group from hotel project- Philippine Daily Inquirer.

  • Philippines - Market factors to watch on Oct 3 Tuesday, 2 Oct 2012 | 8:38 PM ET

    GLOBAL MARKETS--US stocks flat, euro up as Spain bailout in focus. -San Miguel Brewery Inc to list 2017 Series D bonds for trading on the Philippine Dealing& Exchange Corp platform. -Ninth meeting of the Asia-Pacific Tax Forum, Makati Shangri-La Hotel, Makati City.

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

  • Malaysia-Market factors to watch on Oct 3 Tuesday, 2 Oct 2012 | 8:02 PM ET

    *Former international trade and industry Aziz attends Asian Business Seminar Circuit 2012 at The Ritz-Carlton Hotel, Kuala Lumpur at 0800 am. *The CNBC Summit Malaysia at Hilton Hotel, Sentral, Kuala Lumpur at 0845 am. *Halal Industry Development Corp hands flag to the Malaysian Culinary Team at Hilton Hotel, Jalan Stesen Sentral, Kuala Lumpur at 0900 am.

  • BANGKOK, Oct 2- Most Southeast Asian stock markets closed higher on Tuesday, with the Thai main index touching its highest in more than 16 years and most others hitting multi-week highs amid selective buying in regional blue chips. Indonesia's Astra International Tbk PT. and Malaysia's Axiata Group Bhd.

  • SINGAPORE, Oct. 2- Spreads and CDS in Asia tightened marginally today after getting a boost from a better than expected ISM number in the US overnight that buoyed stock markets. However, overall it was a very uneventful day with a holiday in Hong Kong and China draining the liquidity from the market.

  • PRESS DIGEST - Vietnam newspapers - Oct 2 Monday, 1 Oct 2012 | 10:22 PM ET

    -Vietnam's exports may hit $113 billion this year, $4 billion over the government's target, said Nguyen Tien Vi, director of the Trade and Industry Ministry's planning department.

  • Philippines extends FX market trading by 30 minutes Monday, 1 Oct 2012 | 9:09 PM ET

    MANILA, Oct 2- The Philippines has extended daily onshore currency trading hours by 30 minutes, which the banking industry said would align the market with the rest of Asia and better address the needs of invertors and business.

  • ----PREVIOUS ITEM: Philex to contest mine leak penalty- The Philippine Star----.

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

  • Philippines - Market factors to watch on Oct 2 Monday, 1 Oct 2012 | 8:13 PM ET

    -Citigroup holds roundtable discussion on the impact of the QE3 on Asian policy makers, with Citi Asia Pacific Chief Economist Johanna Chua, Makati Shangri-La Hotel, 10:00 a.m.. STOCKS TO WATCH- JG SUMMIT HOLDINGS.

  • Owners of grounded ship settle with New Zealand Monday, 1 Oct 2012 | 6:32 PM ET

    Daina Shipping, a subsidiary of Greek-based Costamare, along with its insurers agreed Tuesday to settle with New Zealand for $22.9 million for oil cleanup costs incurred so far and another $8.6 million if it doesn't remove the pieces of the wreck that still sit on the reef.

  • Italy opens world's first gelato culture museum Monday, 1 Oct 2012 | 9:13 AM ET

    MILAN, Oct 1- Who knows what Cosimo Ruggieri would have thought about ending up in a gelato museum? Alchemist at the court of the Medici, Ruggieri, the story goes, created the ice-cream that Catherine De Medici took to Paris in the 1530 s to wow the French.

  • BANGKOK, Oct 1- Southeast Asian stock markets ended mostly lower on Monday, tracking weak global equities and after a lacklustre session amid market holidays in Asia, but foreign buying pushed Malaysian shares to their highest in almost two weeks. Banking stocks gained due to optimism about third-quarter earnings, with Kasikornbank.

  • Those Central Bank Moves Are Taking a Toll Tuesday, 25 Sep 2012 | 1:59 PM ET

    Investors know what they want, and it isn't the G4 currencies.

  • Keeping Home Prices Under Control Friday, 21 Sep 2012 | 5:05 AM ET
    Keeping Home Prices Under Control

    Jaime Augusto Zobel de Ayala Chairman & CEO, Ayala Corporation discusses the health of Philippines' housing sector, providing perspective in context of the country's economy. He is optimistic based on current developments in this sector.

  • Dollar Awaits Fed News, South African Rand Slides Thursday, 13 Sep 2012 | 8:02 AM ET

    Fed meeting news awaits and Asian central banks stand pat — it's time for your FX Fix.

  • Emerging Opportunities in Emerging Markets: Strategist Wednesday, 8 Aug 2012 | 3:19 PM ET
    Residents shop for local goods at one of the downtown's busy sidewalk markets in Jakarta, Indonesia.

    This strategist sees emerging trading opportunities in emerging market currencies.