Asia Top News and Analysis
Philippines
*Explores bid for UK sandwich chain Pret a Manger. MANILA/ SINGAPORE, Sept 22- Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp into a near-4, 000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Primary targets include the United States and...
MANILA/ BEIJING, Sept 21- China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. As China tightened the screws on polluting industrial plants, about 30 percent of its...
Companies with energy interests in disputed areas of the waterway could face harassment from China if they don't meet Beijing's demands.
HONG KONG, Sept 18- Jollibee Foods Corp, popular in the Philippines for its sweet-style spaghetti and fried chicken, is exploring a bid for Britain's Pret A Manger which could value the upscale sandwich chain at over $1 billion, sources familiar with the matter said. Jollibee has a huge following in the Philippines, as well as with Filipinos overseas, for its...
The Philippines appears committed to expanding infrastructure, which could bring about huge opportunities for businesses, said Ayala's CEO.
Go-Jek's president said the start-up is planning to aggressively expand its payments service.
Jaime Augusto Zobel de Ayala, chairman and CEO, Ayala Corporation, says consumer confidence is high in the Philippines and should soon be joined by a push for better infrastructure.
MANILA, Philippines— Asia Pacific business leaders are working on recommendations to protect migrant workers from modern day slavery and to ensure companies' supply sources are free from such unethical employment, according to Australia's ambassador for people smuggling and human trafficking. One idea might be to create a regional website that rates...
The competitiveness of Asian economies depending on low-cost labor and exports will likely erode as technology changes.
MANILA, Philippines— The Philippine president refused a demand by his most vocal critic to publicly release details of his bank accounts to disprove allegations that he had large sums of undeclared money. Duterte inadvertently brought the issue back to public focus recently when he alleged Trillanes has several undeclared joint bank accounts with...
The issue of Muslim marginalization in Myanmar has sparked fears the country could become fertile ground for transnational terror groups.
KEEPING SCORE: In early trading, London's FTSE 100 declined 0.5 percent to 7,361.08 points and France's CAC 40 was off just under 0.1 percent at 5,205.08. On Tuesday, the CAC 40 rose 0.6 percent and the DAX gained 0.4 percent while the FTSE 100 slipped 0.2 percent. Malaysia and Manila advanced while New Zealand and Taiwan retreated.
BEIJING, Sept 12- China's National Meteorological Center on Tuesday warned that Typhoon Talim could intensify and turn into a super typhoon as it churns towards Taiwan and Zhejiang and Fujian provinces on the Chinese mainland. The storm will then move northwest at a speed of 25 km to 30 km an hour towards the coast of Zhejiang and Fujian, making landfall late on...
BELGRADE- National Bank of Serbia interest rate decision. FRIDAY, SEPTEMBER 8 SYDNEY- Panel participation by Guy Debelle, deputy governor of the Reserve Bank of Australia, at the 2017 FINSIA Regulators Panel, Sydney 0300 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give speech at the Bank of China Sydney Branch's 75th Anniversary Celebration...
MANILA, Sept 6- Around 300 protesters clashed with security on Wednesday at a Manila hotel where an annual mining conference was being held, demanding that mineral extraction be halted due to the environmental destruction caused. Anti-mining protests are a fixture at mining industry events in the Philippines. In 1996, for instance, a tailings leak at...
DHAKA, Sept 4- Bangladesh's central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila. Bangladesh Bank has been able to retrieve only about $15 million of the money stolen in one of the world's biggest...
TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank holds non-rate-setting meeting. BRISBANE, Australia- Reserve Bank of Australia monetary policy decision meeting- 0430 GMT.
SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank...
CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. SUVA, Fiji- Reserve Bank of Fiji board meeting to announce interest rates.
A study by PayPal found 57 percent of users in Asia prefer to use cash, instead of digital wallets, to carry out daily transactions.
