Asia Top News and Analysis Philippines

  • SYDNEY, Dec 10- Australia's Westpac Banking Corp faces a showdown with investors at its annual meeting this week, seeking to hold back an avalanche of outrage over a money laundering scandal that includes accusations of enabling child exploitation payments. The chairman, CEO and compliance chief of Australia's oldest and second-largest bank have quit since...

  • Benchmark London Metal Exchange copper rose 0.7% to $6,032 a tonne by 0712 GMT, after climbing to $6,038.50 earlier during the session, its strongest since July 25. Shanghai Futures Exchange's most-traded copper contract ended up 2.3% at 48,440 yuan a tonne, off the day's high of 48,470 yuan, its highest since July 22. "China's commodity imports for November were...

  • *Domestic prices in Bangladesh ease this week. *India's Oct rice exports fell 42% y-o-y: govt data. Rates for India's 5% broken parboiled variety were quoted around $356- $361 per tonne this week, the lowest since January 2017 and down from last week's $358- $362.

  • LONDON, Dec 5- The nickel price bubble is slowly deflating but bears would be advised to tread carefully with a sharp fall in LME inventory threatening a repeat of the time-spread turbulence that rocked the London market in late September. London Metal Exchange nickel surged to a five-year high of $18,850 on Sept. 2, from $12,000 per tonne at the start of July, as...

  • *Domestic prices in Bangladesh ease this week. *India's Oct rice exports fell 42% y-o-y: govt data. Rates for India's 5% broken parboiled variety were quoted around $356- $361 per tonne this week, the lowest since January 2017 and down from last week's $358- $362.

  • LONDON, Dec 5- Copper prices steadied on Thursday as the market waited for developments on the U.S.- China trade dispute, while concern about the manufacturing sector in top consumer China dominated market sentiment. President Donald Trump during his London visit for the NATO summit said talks with China were going "very well" at one meeting, while warning that...

  • MELBOURNE, Dec 5- Caltex Australia's top executives said on Thursday they would work with a Canadian suitor to elicit a higher takeover offer after earlier rejecting its A $8.61 billion approach for the petrol pump and convenience store operator. Caltex Australia's Chief Financial Officer Matt Halliday said the company considered Couche-Tard a "very...

  • DETROIT, Dec 3- British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company's chief executive said on Tuesday. "We need to put more cars into Asia," McLaren CEO Mike Flewitt said in a meeting with reporters in Detroit. Sales of McLaren's carbon...

  • CHINA- China's central bank lowered as widely expected its lending benchmark rate on Nov. 20, to reduce company funding costs and shore up an economy hurt by slowing demand and U.S. trade tariffs. ZAMBIA- Policy makers raised the country's benchmark lending rate by 125 basis points to 11.5% on Nov. 20, citing rising consumer price inflation and the need to restore...

  • SAO PAULO, Dec 2- Brazilian cosmetics maker Natura& Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters. Reuters reported in August that Bolsonaro's government had systematically weakened...

  • KUALA LUMPUR, Dec 2- Airline food has long been the butt of travelers' jokes, but Malaysia's AirAsia Group Bhd is seeking to turn that notion on its head- opening its first restaurant on Monday featuring dishes based on its in-flight menu. AirAsia group CEO Tony Fernandes is so confident the carrier's Southeast Asian fare will be popular with diners on the ground...

  • TOKYO, Dec 2- The Asian Development Bank must be ready to discuss whether to phase out aid to high- and medium-income borrowers like China, the institution's next president Masatsugu Asakawa said. Asakawa, who will take the helm in January, also said that while China's economy was likely to slow, Beijing is expected to engineer a smooth landing that will help Asia...

  • TOKYO, Dec 2- The Asian Development Bank must be ready to discuss whether to phase out aid to high- and medium-income borrowers like China, the institution's next president Masatsugu Asakawa said. Asakawa, who will take the helm in January, also said that while China's economy was likely to slow, Beijing is expected to engineer a smooth landing that will help Asia...

  • The Philippines went to the WTO in 2008 to complain that Thailand was illegally discriminating against imports to protect its state-controlled Thailand Tobacco Monopoly. A 2010 WTO said that Thailand had no grounds to reject the import price of cigarettes from the Philippines. The Philippines has said that a series of domestic taxation and customs...

  • *Vietnam sees some demand from Philippines, prices unchanged. *Thai markets lose out to lower rates from India, Vietnam. BENGALURU, Nov 28- Prices of rice from top exporter India held at its lowest in nearly three years this week on low demand as a harvest gathers pace, while neighbouring Bangladesh considered cutting import duty on the staple to rein in surging...

  • *Vietnam sees some demand from Philippines, prices unchanged. *Thai markets lose out to lower rates from India, Vietnam. BENGALURU, Nov 28- Prices of rice from top exporter India held at its lowest in nearly three years this week on low demand as a harvest gathers pace, while neighboring Bangladesh considered cutting import duty on the staple to rein in surging...

  • A look at the World Bank's Philippines catastrophe bonds

    Michael Bennett of the World Bank says catastrophe bonds can be a "very attractive asset class" for investors who understand the risks and have insurance modelling capabilities.

  • *Philippines announces stringent food safety measures. Top exporter India's 5% broken parboiled variety was quoted around $358- $362 a tonne this week, the lowest since January 2017 and down from $363- $368 the previous week. "This won't have a big impact on overall rice output," said Mizanur Rahman, a senior official at the Department of Agriculture Extension.

  • Out of 105 international routes that Chinese carriers plan to add to over 800 existing ones for the new winter-spring season, most focus on East Asia and Southeast Asia with some European routes also thrown into the mix. For example, China Eastern has recently received approvals to open new routes from tier-two cities of Qingdao and Chengdu to South Korea's...

  • Three businesswomen sitting on large Pillows in an office and  talking during an informal meeting

    The U.S. has emerged as the best place globally to be a woman entrepreneur, narrowly topping New Zealand, according to a new report from Mastercard.