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  • Dalai Lama clique politicizes U.S. State Secretary Kerry’s investment in Tibet: State media

    Dalai Lama clique politicizes U.S. State Secretary Kerry’s investment in Tibet: State media

    By People's Daily News   “The Chinese government has long attached great significance on protecting Tibet’s ecology and exploiting water resources in a reasonable way,” said an article published on Tibet.cn, a website affiliated with the Chinese government. The remarks came after US Secretary of State John Kerry and his wife Teresa Heinz had reportedly invested in 12 Chinese companies, including one in Tibet called the 5100 Water Resources Co. Ltd., a Chinese company that sells bottled water allegedly “as a rival to Evian and Perrier.” The investment then encountered opposition from groups supporting “Tibet independence.” “It is unfortunate now that through this fund, Secretary Kerry’s family – knowingly or not– is supporting a Chinese business, which is exploiting Tibetan resources and doing harm to its environment,” Alistair Currie, a spokesperson for Free Tibet,an organization of exiled Tibetans advocating "Tibet's independence," was quoted by the US-based news site Daily Caller as saying. “The Dalai Lama clique is either being too sensitive or is attempting to hype up the issue as it ‘politicizes’ a foundation’s normal investment activity,” said Tibet.cn. Active investments in Tibet’s water conservancy construction can help boost comprehensive capability in environment administration and protect water resource ecology. The investments will also help improve livelihood in Tibet, the website added. The investments are from “HFI Imperial,” a Heinz family trust, according to Daily Caller. “Secretary Kerry is not a beneficiary of these trusts, and Mrs. Heinz Kerry also exercises no control over the investment decisions made by the independent trustees,” US State Department spokesperson Admiral John Kirby told the Daily Caller.

  • GE expands its presence in Korea

    GE expands its presence in Korea

    By Kim Jung-hwan, Maeil Business News Korea The U.S.-based multinational conglomerate General Electric (GE) has significantly expanded its presence in the South Korean energy market this year by striking major deals this month including a latest project to retrofit aged power …

  • Legal roadblocks forced SMC to give up telco

    Legal roadblocks forced SMC to give up telco

    San Miguel Corporation (SMC) decided to let go of its plans to be a new third player in the local telecommunications industry because of threats of being dragged to court by its rivals who each want a piece of its …

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  • Students seeking sugar daddies for tuition, rent

    Students seeking sugar daddies for tuition, rent

    By Sarah Skidmore Sell, AP Business Writer Candice Kashani graduated from law school debt-free this spring, thanks to a modern twist on an age-old arrangement. During her first year, she faced tuition and expenses that ran nearly $50,000, even after a scholarship. …

  • Ayala Land, De La Salle Santiago Zobel School build Vermosa campus

    Ayala Land, De La Salle Santiago Zobel School build Vermosa campus

    Ayala Land, Inc. (ALI) and  De La Salle Santiago Zobel School (DLSZ) held a groundbreaking ceremony for the new DLSZ-Vermosa campus at the 700-hectare estate in Imus, Cavite which is set to open in 2017.  This was led by ALI CEO …

  • KRX to celebrate 60th founding anniversary

    KRX to celebrate 60th founding anniversary

    By By Han Ye-kyung and Yong Hwan-jin, Maeil Business News Korea The Korea Exchange (KRX) that has served as a fund counter for South Korean companies will celebrate the 60th anniversary of its founding on Thursday. The Korean stock market opened with the …

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  • President Aquino signs law enhancing depositor protection

    President Aquino signs law enhancing depositor protection

    MANILA, May 25 -- President Benigno S. Aquino III has signed Republic Act No. 10846 amending the charter of the Philippine Deposit Insurance Corporation (PDIC) or the deposit insurance law.   The depositing public, consisting of approximately 50 million deposit account holders …

  • Swiss approve dissolution of bank in Malaysia scandal

    Swiss approve dissolution of bank in Malaysia scandal

    By Agnès Pedrero with Elizabeth Law in Singapore, AFP Swiss financial regulators approved Tuesday the dissolution of Lugano-based BSI Bank over its links to a corruption scandal engulfing Malaysia's Prime Minister Najib Razak. Swiss supervisor FINMA accused BSI, a merchant bank, of …

  • Bangladesh Bank heist trail goes cold in Manila as probes falter

    Bangladesh Bank heist trail goes cold in Manila as probes falter

    By Raju Gopalakrishnan More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh's central bank and sent to Manila - yet authorities in the Philippines appear no closer to nabbing those who laundered most …

Stock Market More

  • Asian markets slump amid expectations Fed will raise rates

    Asian markets slump amid expectations Fed will raise rates

    Asian stock markets fell in subdued trading Tuesday amid rising expectations the U.S. Federal Reserve may raise interest rates in June. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.9 percent to close at 16,498.76 as the yen continued to strengthen, casting …

  • Asia markets cautious ahead of more US rate hike news

    Asia markets cautious ahead of more US rate hike news

      Hong Kong, China - Asian stock markets moved cautiously Monday as investors sat tight for fresh news on a possible US rate hike and after a G7 finance ministers' meeting saw Tokyo pressed not to weaken its currency. Global stocks rallied in the …

  • Asian markets restore calm after Fed signals spark sell-offs

    Asian markets restore calm after Fed signals spark sell-offs

         By Youkyung Lee SEOUL, South Korea — Asian stock markets drifted slightly higher on Friday as investors restored calm a day after worries about the Fed's rate hike signals prompted sell-offs. KEEPING SCORE: Japan's Nikkei 225 added 0.3 percent to 16,693.39 while …

Shipping More

  • MNTC set to complete  NLEX flood control project

    MNTC set to complete NLEX flood control project

    The Manila North Tollways Corporation (MNTC) is set to complete its R122.75-million drainage enhancement project with the implementation of flood control works at the southbound portion of the NLEX Balintawak area starting this June. The R3.75-million anti-flood project at the southbound …

  • Airbus sticks to targets for deliveries

    Airbus sticks to targets for deliveries

    Hamburg – The planemaking arm of Airbus Group is sticking to targets for deliveries of its new A320neo and A350 jets in 2016, despite a slow start to the year caused mainly by disruptions in the supplies of engines and …

  • Air France pilots plan strike over pay conditions

    Air France pilots plan strike over pay conditions

    Paris – Pilots at Air France have voted in favor of strike action over pay conditions, the head of the SNPL union said on Monday. SNPL chief Philippe Evain said more than two-thirds of the union's pilots with Air France approved …

Business Agenda More

  • A small media company aims for the big deal

    A small media company aims for the big deal

    The four creative minds behind four-year-old Idea Orchard Media, Inc. (IOM) has one, all-encompassing common objective: To produce full-length movies and blocked TV shows, and to do it domestic and international. IOM is a full-service visual media production, one of the …

  • PNoy legacy: A robust manufacturing sector

    PNoy legacy: A robust manufacturing sector

    The Philippine economy is indeed turning into the more solid path as the manufacturing sector clearly moves toward a steady recovery. Yes, the domestic economy is on the verge of economic transformation with sources of growth becoming more diversified. The manufacturing sector …

  • Cebuana Lhuillier strengthens Middle East presence

    Cebuana Lhuillier strengthens Middle East presence

    Aiming to better serve Filipinos within and outside the Philippines, Cebuana Lhuillier executives led by Cebuana Lhuillier Services Corporation Vice President Andre Lhuillier, recently headed to the United Arab Emirates (UAE) to cultivate linkages with new and existing partners in …

Trade More

  • Parliament ratifies South Sudan’s admission to EAC

    Parliament ratifies South Sudan’s admission to EAC

    JUBA, May 24 (PNA/Xinhua) -- South Sudan's parliament has endorsed a treaty about the admission of the country to the East Africa Community (EAC), making it the sixth member state of the regional trading bloc. Speaking in parliament late Monday, Philip …

  • SoKor youth jobless rate up 10.9% in April, monthly high

    SoKor youth jobless rate up 10.9% in April, monthly high

    By Seo Dong-cheol and Kim Gyu-sik, Maeil Business News Korea South Korea’s youth jobless rate reached a new monthly high for April, gaining by double digits for the third consecutive month to demand bolder government policy actions in tackling joblessness for …

  • Philippine markets gain after elections

    Philippine markets gain after elections

    By Cris Larano, Dow Jones MANILA -- Philippine financial markets rose Tuesday as election results suggested a strong mandate for the presumptive next president in one of the world's fastest-growing economies.   Some fund managers and economists said they believed the market could …

Business Tech More

  • Pharmacy board exam review app wins AngelHack Manila

    Pharmacy board exam review app wins AngelHack Manila

    What do you get in 24 hours when you bring together young individuals with top-notch coding skills and the passion to solve real-world problems? A hackathon like AngelHack Manila and a harvest of high potential mobile apps and digital solutions. This …

  • SAP expands its Internet of Things offerings and partner ecosystem

    SAP has unveiled new offerings for customers and partners on the comprehensive SAP HANA Cloud Platform for the Internet of Things (IoT). With a focus on the “things to outcome” part of the IoT journey, SAP can help capture the …

  • Globe taps TV white space frequency for broadband use

    Globe Telecom is the first to adopt the TV white space frequency for broadband use in line with its commitment to improve the state of internet in the country especially in remote and outlying areas in the country. The move …