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Updated: 1 hour 5 min ago

SE Asia Stocks-Thai index touches near 6-wk low ahead of market holiday

1 hour 16 min ago
BANGKOK, March 3 (Reuters) - The key Thai stock index hit a near 6-week closing low on Tuesday as index heavyweight PTT traded ex-dividend while the Philippine main index came off highs after Philippine ...

Philippines suspends oil, gas exploration in disputed waters

1 hour 17 min ago
The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said. Oil and gas ...

Asia markets struggle as profit-taking offsets Wall St rally

1 hour 46 min ago

Asian equities were mostly lower Tuesday after healthy gains in the previous session attracted profit-takers, offsetting a strong lead from Wall Street.


Philippines' PLDT forecasts 2015 profit drop on higher costs

2 hours 23 min ago
* Core net profit guidance for 2015 down 6.4 pct from 2014 * Marketing costs, depreciation weigh on profit * Rival Globe Telecom more than doubles net profit (Adds comment from company official, details, background) By Neil Jerome Morales MANILA, March 3 (Reuters) - Philippine Long Distance Telephone Co (PLDT) forecast its 2015 net profit to fall for the third consecutive year, hurt by depreciation charges and marketing expenses related to a free mobile data offer aimed at retaining subscribers. PLDT, partly owned by Japan's NTT Docomo Inc and Hong Kong's First Pacific Co Ltd, said on Tuesday it expected a net profit this year of 35 billion pesos ($794.2 million), 6.4 percent lower than a year ago.

Isuzu Philippines launches the updated 2015 Crosswind

3 hours 19 min ago

Isuzu Philippines Corporation (IPC) recently launched the 2015 Isuzu Crosswind.  Available in five variants, its still equipped with the same 4JA1-1 2.5L diesel, in both manual and automatic transmission.  Isuzu has equipped the crosswind with features that set it apart from other AUV’s on the market. The Sportivo X and XUV variants have 15” multi spoke silver alloy wheels, black aluminum side stepboards, black roof rails are standard for the Sportivo X, XUV and XT and a black tire cover for the XUV variant. ...


SE Asia Stocks-Most higher; PTT's ex-dividend drags Thai index

Tue, 03/03/2015 - 05:25
BANGKOK, March 3 (Reuters) - Most Southeast Asian stock markets rose on Tuesday, with Indonesian benchmark extending gains to an all-time high as a weakening rupiah lifted selected shares, but Thai index ...

Today in History

Tue, 03/03/2015 - 05:00
Today is Tuesday, March 3, the 62nd day of 2015. There are 303 days left in the year.

Philippines' PLDT Q4 income falls 5 pct from yr-ago

Tue, 03/03/2015 - 04:31
MANILA, March 3 (Reuters) - Philippine Long DistanceTelephone Co (PLDT) reported on Tuesday a 5 percentdecline in fourth quarter net income partly due to higheroperating expenses and product subsidies. Net income in the December quarter was 6.1 billion pesos($138.4 million) against 6.5 billion pesos in the same period in2013. That brought full-year net income to 34.1 billion pesos,down 4 percent, PLDT said in a statement. Core net income, which excludes currency andderivatives-related items, fell 11 percent to 8.8 billion pesosin the quarter. Full-year core net profit reached 37. ...

PNB Koronadal Auction

Tue, 03/03/2015 - 04:16

The Philippine National Bank or PNB has scheduled an auction of real estate assets on Wednesday, March 11, 2015. Auction proper will begin 2:00 p.m. at the PNB Koronadal Branch on Morrow Street, Koronadal, South Cotabato.Located in South Cotabato and Sultan Kudarat, the properties for bidding consist mainly of residential lots as well as residential house-and-lots, with one industrial and one residential/commercial entry each. ...


Live closer to your work place for improved quality of life

Tue, 03/03/2015 - 03:57

Carmaggedon the term used for the horrendous traffic that Metro Manila experiences is not longer limited to the Christmas season and days leading to a long weekend. With Metro Manila seeing over 7 million people every day, many of who commute from places as far as Novaliches, Bulacan and Batangas, commuting has become such a dread for professionals.


Alveoland launches the The Stiles Enterprise Plaza

Tue, 03/03/2015 - 03:35

Developed by Ayala Land, Circuit Makati will be the premier venue for celebrating cultural and civic gatherings, as well as concerts and events. The Stiles will be composed of two Grade A, LEED-certified towers, the East and the West Towers, and is slated for launch in the latter quarter of 2019. Location is a primary consideration for investors, and Circuit Makati is part of the most prestigious business addresses in the country.


Tourism thrives in Malaysia despite association with tragedy

Tue, 03/03/2015 - 02:32

Two airplane catastrophes put Malaysia on the map in a bad way in 2014. But they didn't hurt the country's tourism, and the higher visibility may even have helped: visitor numbers had their strongest growth ...


Tourism thrives in Malaysia despite association with tragedy

Tue, 03/03/2015 - 02:32

KUALA LUMPUR, Malaysia (AP) — Two airplane catastrophes put Malaysia on the map in a bad way in 2014. But they didn't hurt the country's tourism, and the higher visibility may even have helped: visitor numbers had their strongest growth in years.


Salonga says she is in talks on taking role in "Allegiance"

Tue, 03/03/2015 - 02:17
MANILA, Philippines (AP) — Tony award winner Lea Salonga says talks have not yet been finalized on her joining the cast of George Takei's musical "Allegiance" on Broadway, but added it is a show she wants to be part of.

CBCP exec backs house arrest for JPE

Tue, 03/03/2015 - 00:00

Senate Minority Leader Juan Ponce Enrile should be allowed house arrest since he is already 91 years old and suffering from pneumonia. “For humanitarian reasons, place him simply under house arrest,” Castro said. “I think detainees who are very old and sickly should be simply placed under house arrest. Detained Sen. Jinggoy Estrada said yesterday no birthday party was held for Enrile at the Philippine National Police General Hospital in Camp Crame last month.


Phl among best countries for women workers

Tue, 03/03/2015 - 00:00

The Philippines is one of the four best countries in the world for women, according to an annual gender equality index revealed on Friday. The MasterCard Worldwide Index of Women’s Advancement  ranked New Zealand, Australia, the Philippines and Singapore as the best countries for women, while India, Bangladesh and Sri Lanka performed the worst. Women in the Asia Pacific region lag behind men in securing leadership roles in business and politics despite being better educated, the index showed. Female university students outnumber males in 10 of the 16 countries surveyed, including China, Thailand and Sri Lanka.


Troops overrun BIFF bomb-making facility in Mamasapano

Tue, 03/03/2015 - 00:00

Government troops captured Sunday a bomb and weapons factory of the Bangsamoro Islamic Freedom Fighters (BIFF) in Mamasapano, Maguindanao, the Armed Forces of the Philippines (AFP) announced yesterday. Col. Restituto Padilla, AFP spokesman, said the captured bomb and weapons factory is located inside an area controlled by radical Muslim cleric Ustadz Mohammad Ali Tambako at Barangay Dasikil in Mamasapano.


Senate OKs Noy powers to address blackouts

Tue, 03/03/2015 - 00:00

The Senate yesterday approved a resolution giving President Aquino special powers to address the expected power shortage in the summer months of this year. Senators also approved Senate Bill 2622, which seeks to amend a provision of the Biofuels Act in relation to the joint resolution. The Senate and the House of Representatives will hold a bicameral conference committee hearing today to reconcile their respective versions of the resolution. Instead of leasing generator sets (gensets), the Senate-approved joint resolution called for several alternatives, including the harnessing of the Interruptible Load Program (ILP).


Oil firms cut diesel prices

Tue, 03/03/2015 - 00:00

Local petroleum players yesterday announced a rollback in the prices of diesel but would increase gasoline rates effective today. Leading the announcement was Pilipinas Shell Petroleum Corp., ollowed by Petron Corp. and independent players Seaoil Philippines, PTT Philippines, Phoenix Petroleum and Eastern Petroleum. The oil firms said they are cutting the price of diesel by 40 centavos per liter while gasoline rates would be raised by 15 centavos per liter. The petroleum players said the adjustments would reflect the movement in the prices of refined petroleum products in the world market.


Phl may seek int’l aid to address climate change

Tue, 03/03/2015 - 00:00

The Philippines may tap foreign funding to help address the effects of climate change, especially in vulnerable areas, as the Department of Budget and Management has released P1.15 billion to the Department of Public Works and Highways to boost infrastructure projects in areas affected by Super Typhoon Yolanda. “We are still in the process of (rehabilitation) and reconstruction. We need all the support that we can get… any support that will be offered will be welcomed,” Climate Change Commission Secretary Mary Ann Lucille Sering said in a press briefing yesterday. Sering said the 50-million euros in loan facility offered by French President Francois Hollande was welcome but it would have to be studied “closely and carefully” to ensure it would not affect ongoing negotiations.