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  • Philippine economy's growth below target in first half

    MANILA -- Improved government spending propped up the Philippine economy enough for it to grow by 6.5% in the second quarter, but the country's overall performance in the first half still fell below the target, the government reported on Thursday.So

    August 17, 2017 08:05 pm JST
  • Philippine economy grows 6.5% in second quarter

    MANILA -- The Philippine economy grew at a 6.5% clip in the second quarter of 2017, in line with market expectations.Consumer spending remained the main driver of growth.Ernesto Pernia, the country's socioeconomic planning secretary, on Thursday sai

    August 17, 2017 11:48 am JST
  • Tea Leaves

    Chasing North Korean diplomats in Manila

    I was given an intriguing assignment in early August -- to follow North Korean Foreign Minister Ri Yong Ho around Manila and report on what he said while attending the Association of Southeast Asian Nations regional forum there.It was not easy. Wait

    August 16, 2017 08:00 pm JST
  • Philippine suspension sends Uber further off course

    PALO ALTO, U.S./MANILA -- Uber Technologies has steered into trouble yet again, this time in the Philippines, where it has been slapped with an order to suspend its operations for a month.The ban comes as the U.S. ride-hailing company grapples with

    August 16, 2017 07:11 pm JST
  • FT Confidential Research

    Philippines outsourcing has human and robot problems

    The outsourcing industry in the Philippines is more buoyant after the uncertainty caused by the anti-US rhetoric that President Rodrigo Duterte employed during his first year in power.Moving up the value chain by developing worker skills remains a m

    August 15, 2017 11:00 am JST
  • Philippines suspends Uber for a month

    MANILA -- The Philippine transport regulator on Monday suspended Uber from operation for a month, accusing the ride-hailing app company of violating an order issued late July to stop accepting the accreditation of new cars.The Land Transportation Fr

    August 14, 2017 10:56 pm JST
  • Nikkei Asia300 Index recovers from weekly loss as US inflation damps Fed rate hike bets

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rebounded from a weekly loss, tracking gains on Wall Street after slower-than-expected U.S. inflation data eased expectations of another rate increase this year.The Nikkei Asia300 Index add

    August 14, 2017 09:24 pm JST
  • Overseas sales push Jollibee profits up 18%

    MANILA -- Jollibee Foods, the Philippines' largest quick-service restaurant chain, on Monday said profit grew 18.1% in the second quarter on surging sales from its overseas operations.The company, which runs its eponymous chain that offers a menu si

    August 14, 2017 07:13 pm JST
  • For ASEAN, Japan is a key counterbalance to China

    TOKYO -- Five decades after the Association of Southeast Asian Nations was established, changing economic and political dynamics in the region are putting a spotlight on Japan's growing importance to the bloc as a counterbalance to China.Japan and t

    August 14, 2017 12:16 pm JST
  • Angel Gurria

    Making the digital age work for ASEAN

    Southeast Asia is one of the world's most dynamic regions, with vast endowments of natural resources, an increasingly diversified economy, an expanding middle class and growing global influence. With the launch of the ASEAN Economic Community in 201

    August 14, 2017 09:00 am JST
  • Richard Heydarian

    Divided ASEAN hands China diplomatic coup

    The annual regional forum and related meetings of the Association of Southeast Asian Nations (ASEAN) in Manila brought together 27 foreign ministers from around the Asia-Pacific region -- but the outstanding result was a major diplomatic victory for

    August 12, 2017 04:14 am JST
  • JG Summit experiences turbulence as first half airline profits fall

    MANILA -- JG Summit Holdings, a diversified Philippine conglomerate with regional exposure, reported on Friday that its net income slipped 16.5% to 14.64 billion pesos ($287 million) with its low-cost airline leading the falloff.Net profit at Cebu A

    August 11, 2017 09:39 pm JST
  • ASEAN AT 50

    ASEAN is looking good, but now looking up to China and India

    TOKYO -- The first 50 years of the Association of Southeast Asian Nations should be regarded as an overall success, but its future is anything but certain. Sandwiched between China and India, ASEAN could find itself overwhelmed economically by these

    August 11, 2017 07:27 pm JST
  • Ayala's net profit growth slows to 9% in first half

    MANILA -- Ayala Corp., a major conglomerate in the Philippines, said on Friday earnings growth during the first half slowed to 9% due to lower trading gains from its banking unit.The conglomerate, which has sizeable domestic real estate, banking, te

    August 11, 2017 06:54 pm JST
  • PLDT Q2 profit rebounds after Rocket Internet shares stabilize

    MANILA -- PLDT, the largest telecom in the Philippines, said on Thursday that net income nearly doubled in the second quarter as it recovers from losses last year resulting from its 6.1% stake in Germany's Rocket Internet.PLDT's net profit for April

    August 10, 2017 11:07 pm JST
  • Oil and beer fuel San Miguel recurring profit

    MANILA -- San Miguel, the Philippines' largest company by sales, said Thursday net income fell sharply in the first half, but recurring profit rose by a fifth, fuelled by oil and beer production.Net profit slid 26% to 26.09 billion pesos ($514 milli

    August 10, 2017 10:12 pm JST
  • Philippine News Agency takes down Xinhua's South China Sea commentary

    MANILA -- A Xinhua News Agency commentary critical of the Philippines' arbitration victory in a territorial dispute with China made its way to a Philippine News Agency website, triggering an investigation and social media backlash.Following the onli

    August 10, 2017 04:44 pm JST
  • Beijing sets the pace in South China Sea talks

    MANILA For 15 years, China dictated the pace of negotiations with the Association of Southeast Asian Nations on a code of conduct for handling disputes in the South China Sea. Now that an agreement has been reached, Beijing seems still to have the u

    August 10, 2017 10:00 am JST
  • Angel Gurria: Making the digital age work for ASEAN

    Southeast Asia is one of the world's most dynamic regions, with vast endowments of natural resources, an increasingly diversified economy, an expanding middle class and growing global influence. With the launch of the ASEAN Economic Community in 201

    August 10, 2017 10:00 am JST
  • ASEAN AT 50: Nicholas Farrelly

    Time for idealism is over in ASEAN

    The Association of Southeast Asian Nations will celebrate its 50th birthday in August with much backslapping and bonhomie. In recent decades, its 10 members have prospered, leaving behind the dark shadow of the Cold War when battles raged on almost

    August 10, 2017 10:00 am JST