Jose Galang

The United States and Hong Kong shared the top slots in the IMD 2011 World Competitiveness Rankings, while Australia fell four steps

May 19, 2011

Stocks in Australia and Tokyo close higher Wednesday, reflecting the generally brighter sentiments around Asian markets.

May 19, 2011

New World Bank report predicts that half of all global growth will come from six emerging economies by year 2025.

May 18, 2011

As the IMF grapples with a possible leadership succession process while its top official remains in a New York jail, Asian names have surfaced

May 18, 2011

Australia's unemployment rate, seasonally adjusted, stayed at a two-year low of 4.9 percent in April, unchanged from the preceding month, says a newly issued Bureau of Statistics report.

May 12, 2011

Industry leader BlueScope Steel Ltd. says it expects to report a net loss for the financial year ending June 30.

May 12, 2011

Qantas pilots belonging to the Australian and International Pilots Association (AIPA) announced on Thursday plans to stage a strike after enterprise bargaining negotiations with management bogged down.

May 12, 2011

Westpac Banking Group chairman Ted Evans has announced plans to retire at the end of 2011, after the company’s annual general meeting.

May 11, 2011

Net inflows of foreign direct investment to the Philippines declined in the first two months of the year, pulled down by a slump in February,

May 11, 2011

The Philippines, currently the world’s largest rice-importing nation, has reported what it called an “unprecedented” harvest of palay, or paddy rice, in the first quarter of this year.

May 11, 2011

The world’s airlines expect a recovery in passenger and cargo markets in the second half of this year, following slower traffic in the first quarter of the year that is seen to extend until the current quarter.

May 11, 2011

A federal budget that will help yield a faster 4 percent economic growth in the coming financial year and a smaller deficit of A$22.6 billion from an estimated $49.4 billion in the current year has been presented by Treasurer Wayne Swan to the Australian Parliament

May 11, 2011

Canada-based gold explorer Golden Peaks Resources Ltd. has added a new project in its “strategic shift in focus to Indonesia” with the completion of its acquisition of Reliance Resources Ltd., the company said on Monday.

May 10, 2011

Singapore Telecommunications Ltd. (SingTel) has announced that its chairman, Chumpol NaLamlieng, is stepping down in July

May 10, 2011

Aircraft engineers at Qantas plan a one-hour work stoppage on Friday that will launch what they intend to be a series of industrial actions against the airline.

May 09, 2011

The administration of Prime Minister Julia Gillard unveils on Tuesday its first annual budget amid consumer fears of accelerating inflation and business concerns about a strong currency.

May 09, 2011

A Malaysian who once was with the late Osama bin Laden’s band of warriors in Afghanistan and has remained on the FBI’s list of “most wanted terrorists” is reportedly now hiding in Mindanao in the southern Philippines.

May 06, 2011

Diversified Philippine industrial conglomerate San Miguel Corp. has completed its record-setting shares and bond global sale deal worth $970 million with the resumption of trading on the company’s stock on the Philippine Stock Exchange

May 06, 2011

The Philippines’ central monetary authority, the Bangko Sentral ng Pilipinas, has raised its key policy rates by a quarter of a percentage point after announcement of April inflation data

May 06, 2011

Indonesia’s economy, getting a boost from strong private consumption and investment flows, expanded by 6.5 percent in the first quarter compared to the year before, the Central Bureau of Statistics has reported

May 05, 2011

Inflation in the Philippines gained speed to 4.5 percent in April, after 4.3 percent in March, the government National Statistics Office has announced

May 05, 2011

Asia should play “a more proactive role” toward global monetary and financial stability, a seminar led by ranking international finance officials was told on Wednesday

May 05, 2011

Growth in global air travel slowed in March due to the political turmoil in the Middle East and North Africa and the devastating earthquake and tsunami in Japan, a newly released report from the International Air Transport Association (IATA) says.

May 05, 2011

Asia should now play “a more proactive role” toward global monetary and financial stability, a seminar led by ranking international finance officials was told on Wednesday

May 05, 2011

The Philippines’ leading mall developer, SM Prime Holdings, has announced plans for the construction of its biggest mall ever – it will be built in China.

May 04, 2011

Already among the highest in Asia, hotel room rates in Singapore will rise further this year, according to a new forecasts by real estate firm CB Richard Ellis (CBRE) Hotels.

May 04, 2011

Vietnam’s announcement of lower growth target owing to spiraling inflation sets the mood at ADB annual governors’ meeting in Hanoi this week.

May 04, 2011

A high-level seminar to discuss possible reforms in the international monetary system to make it more capable of promoting greater global monetary and financial stability will be held Wednesday during the annual governors’ meeting of the Asian Development Bank (ADB) in Hanoi, Vietnam.

May 04, 2011

Malaysian property development firm Paramount Corp. Bhd. has reported its acquisition of nine parcels of land in Klang, Selangor state, for RM110 million (US$37 million).

May 03, 2011