Cross-Border Money Laundering Case Unsettles Manila Bankers
Bangladesh says the U.S. Fed wrongly released $100 million of the country's money to a bank account in the Philippines, money which was reportedly used to buy chips or pay for losses in Manila...
Suu Kyi, Myanmar Military At Odds Before Transition
Aung San Suu Kyi and the military are set to nominate their choices for president Thursday, and Parliament is expected to elect her party's choice by Monday.
Malaysian Central Bank Chief Set To Retire
Malaysia’s central bank led an investigation into 1MDB, even after the attorney general cleared the prime minister and denied the bank’s recommendation to prosecute the state-run fund.
Asian Stocks Fall After Oil, China Drag US Shares
Oil fell back below $40 a barrel while China reported that its exports slumped 24 percent in February.
Grace Poe Can Run For President: Philippine Court
The Supreme Court ruled in favor of front-runner Grace Poe, whose campaign was hounded by questions about her citizenship and residency.
China Issues Warning To US Over South China Sea
Chinese Foreign Minister Wang Yi called the disputed waters, through which about half of the world’s cargo ships pass, one of the safest shipping lanes.
Asian Shares Mixed On Japan GDP, Oil Surge
Revised data on Japan's gross domestic product show it contracted 1.1 percent in the fourth quarter, not 1.4 percent.
Philippine Muslim Leader Says ISIS May Spread With Autonomy In Limbo
The delay in enactment of a bill that aims to establish a more powerful autonomous region for minority Muslims could be capitalized by the militant group, Murad Ebrahim said.
AirAsia Plots New Course After Returning To Profit
Southeast Asia’s biggest budget airline, which reported its first profit in nine quarters, plans to boost flights to second-tier cities as competition heats up.
Asian Stocks Mixed After China Pledges No ‘Hard Landing’
China reset its economic growth forecast for 2015 to a range of 6.5 percent to 7 percent.
Philippines’ Leadership Race Tightens
Sen. Grace Poe’s popularity slipped to 26 percent, while Vice President Jejomar Binay inched up to a near-tie of 25 percent in a survey.
GrabCar, GrabTaxi Riders Will Soon Be Insured
Grab, an Asian car- and motorcycle-hailing app, will provide up to $250,000 of insurance for passengers and drivers in Southeast Asia, known to have some of the most dangerous roads in the world.
Samsonite, Eyeing Tumi Since 2012, To Buy High-End Bag Maker
Samsonite agreed to pay $1.8 billion for Tumi, whose stock had fallen to a record low just before the deal.
Asian Stocks Mixed As US Extends Advance
Japanese shares were lower Friday while U.S. shares rose a third straight day on Thursday, extending gains that started after Feb. 11, the low for the year.
Ex-Malaysian Deputy Leader Vows To Pursue Anti-Graft Fight
Muhyiddin Yassin, who raised doubts about an investigation linked to Prime Minister Najib Razak, ended speculation he would quit the ruling party.
Asian Stocks Rise As Oil Gains, Yen Pauses
The yen held at around 113 to the U.S. dollar Thursday after a big gain Wednesday.
Beijing Takes Disputed Atoll In South China Sea, Report Says
China positioned five ships around the Jackson atoll in the South China Sea about a month ago, barring Philippine fishermen from entering, a local official said.
Asian Stocks Rise On US Economic Optimism
Investors are also hoping the European Central Bank and the Bank of Japan announce more stimulus measures when they meet this month, following the lead of the People’s Bank of China.
Southeast Asia Tech Startups Ripe For Acquisitions
As global companies and funds seek to expand in the fast-growing region, the acquisition of startups is expected to rise to 250 a year by 2020, according to a report.
Asian Stocks Mixed As China Moves To Boost Economy
China cut bank reserve requirements for the fifth time in a year, injecting cash into the economy but also raising concerns about bubbles and “zombie” companies.
