Business

Sustainable resource management promotion urged to promote 17 SGDs

Caesar Vallejos EBC Correspondent With the theme “Empowering Sustainable Convergence”, the ASEAN Corporate Sustainability Summit and Awards (ACSSA) held at the Manila Marriott Grand Ballroom Hotel last July 21, 2016 urged industry leaders, sustainability practitioners, civil society partners, regional regulators, public sector leaders and aid agencies to converge and become more involved in sustainable development. One of the event’s speakers, David Young, Chief Operations Officer of impact investing technology company ADEC Innovations, focused on the […]

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WhatsApp briefly blocked yet again in Brazil

by Sebastian Smith RIO DE JANEIRO, Brazil (AFP) — The hugely popular WhatsApp smartphone messaging service was briefly blocked by a Brazilian court Tuesday for the third time in less than a year after failing to surrender user data to police. The latest drama ended after the Supreme Court president, Ricardo Lewandowski, accepted an appeal against a lower court order that shut down the service nearly four hours earlier. “The suspension of service apparently violates […]

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Nintendo worth more than Sony after Pokemon rally

TOKYO, Japan (AFP) — Nintendo on Tuesday shot past Sony in market value after the videogame giant’s stock more than doubled since the release of the wildly popular Pokemon Go game. The Pokemon franchise creator surged nearly 11 percent to end the morning at 30,780 yen ($290), up more than 100 percent from its July 6 close. That put Nintendo’s market capitalisation at 4.36 trillion yen, topping Sony, one of Japan’s best-known companies by 300 […]

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Indonesia becomes ASEAN’s most valuable emerging market

Eagle News — Bloomberg reports that Indonesia has overtaken Malaysia and Thailand as the biggest emerging market in Southeast Asia. The combined value of companies traded in Indonesia reached $416 billion this week and has exceeded its neighbors for more than a month, the longest stretch since early 2013. Although Thailand held the top slot briefly, Malaysia was the leader most of the past three years, but stocks in Asia’s only net oil exporting nation […]

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New Zealand’s Key says hopes for free trade agreement with EU by early 2018

New Zealand Prime Minister John Key said Thursday (July 14) that he hopes his country can sign a free trade agreement with the European Union by early 2018, after meeting with French President Francois Hollande. “We come away from this visit quite optimistic actually about where the FTA negotiations will go. At the moment commissions are going through the process of speaking to all 28 member states but we hope to start the more formal […]

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Philippines stock market shines despite tensions

The Philippines stock market is outshining most other emerging markets this year, despite the country’s weak economic status and involvement at the heart of the South China Sea dispute. As Tara Joseph reports, the country’s tough talking new president is boosting hopes for reform.

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Asian shares near eight-month peak on hopes of BoE rate cuts

TOKYO, Japan (Reuters) —  Asian shares held near eight-month high on Thursday (July 14) as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country’s decision to leave the European Union. Japanese Prime Minister Shinzo Abe also called for fiscal stimulus, expected to reach about two percent of GDP, following his election victory on Sunday (10). Japan’s benchmark Nikkei opened at 16,242.20 up 10.77 […]

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Malaysia cuts interest rates for first time in 7 years

KUALA Lumpur, Malaysia —  Malaysia on Wednesday cut interest rates for the first time in seven years in a shock move as the economy struggles with weak exports and an uncertain global outlook. The decision to slash borrowing costs by 25 basis points to 3.00 percent follows similar moves by Singapore and Indonesia and comes as major central banks around the world look to ease monetary policy to kick-start growth. “Exports are projected to remain […]

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Pokemon-mania vindicates Nintendo’s mobile game shift

by Harumi OZAWA TOKYO, Japan (AFP) — With Pokemon-mania sweeping the planet, Nintendo’s nascent shift into mobile gaming has proved a massive hit, vindicating the Japanese videogame giant’s decision to unshackle itself from a long-standing consoles-only policy. Since its release last week, smartphone game Pokemon Go has been winning legions of fans around the world, downloaded millions of times and topping the rankings at official online shops. The game hasn’t even been released in Japan […]

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Oil price rollback set this week

MANILA, Philippines (Eagle News) — Oil companies will implement another price rollback this week, according the Department of Energy (DOE). The decrease in the oil prices is P0.80 to P0.90 centavos per liter for gasoline, and five centavos per liter for diesel and kerosene.

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Duterte’s economic team receptive of ADB’s offer of more support

MANILA, Philippines (Eagle News) — The economic team of President Rodrigo Duterte is receptive to the offer of the Asian Development Bank (ADB) of greater financial assistance to the Philippines to push the 10-point socio-economic agenda of the new administration. Finance Secretary Carlos Dominguez III believes that ADB’s support will go a long way in helping pres. Duterte deliver on his electoral mandate to bring progress to all Filipinos. Dominguez issued the statement after last […]

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Nintendo soars over 20%, extends Pokemon game rally

TOKYO, Japan (AFP) — Nintendo shares soared more than 20 percent Monday morning, extending a rally sparked by news that its smartphone game debuted at the top of gaming charts. The videogame giant jumped 3,310 yen to 19,580 yen as its latest foray into mobile gaming launched in the US and Australia was an immediate hit with fans. © 1994-2016 Agence France-Presse

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