More liberal foreign equity rule looms in Philippines

27 March, 2013
By Doris C. Dumlao | Source: ANN

The Philippines’ Securities and Exchange Commission (SEC) has drafted a new set of guidelines on foreign ownership in partly nationalised industries—a more liberal framework wherein the 40-per cent foreign equity limit is prescribed on

S’pore still a target for terrorism, says PM Lee

27 March, 2013
By Elgin Toh | Source: ANN

Singapore Prime Minister Lee Hsien Loong warned yesterday that Singapore could not afford to be complacent on terrorism as the country remained a potential terror target. Terrorism, he added, continued to pose a “real

Indonesia to offer shale gas blocks to contractors

27 March, 2013
By Amahl S Azwar | Source: ANN

Indonesia, currently a net importer of both crude oil and its refined products, will start offering shale gas blocks this year in a bid to unearth the potential of unconventional gas in Southeast Asia’s

Philippines’ case vs China inches forward

26 March, 2013
By Tarra Quismundo | Source: ANN

The Philippines’ arbitration case against China has moved a step forward after the president of the International Tribunal for the Law of the Sea (Itlos) appointed the second member of the ad hoc tribunal

Asean ‘now more vital for Nordic firms’

26 March, 2013
By Alvin Foo | Source: ANN

Fast-gorwing regions like Asean have become even more significant for leading Nordic firms in recent times, said a prominent Swedish banker and industrialist in town earlier this month. Marcus Wallenberg told The Straits Times

Taiwan govt to protest China defense summit pressure

26 March, 2013
By Joseph Yeh | Source: ANN

The government in Taiwan is “dissatisfied” over mainland pressure that led to a Taiwanese delegation’s last-minute withdrawal from an international defense summit held in Indonesia last week, the foreign minister said yesterday. “The ministry

Malaysia to resettle villagers to safeguard Sabah

26 March, 2013
By Lester Kong | Source: ANN

Malaysian Prime Minister Najib Razak said Malaysia will resettle villagers in several eastern Sabah locations suspected of being entry points for militants and illegal migrants, in the aftermath of a bloody incursion by an

‘18,000 displaced’ in Myanmar riots

26 March, 2013
By Nirmal Ghosh | Source: ANN

After three days of violence last week reduced a swathe of this central Myanmar city to blackened ruins, Win Htein, a local MP, sat in a small office in Meikhtila watching relief materials from

Philippines’ case vs China inches forward

26 March, 2013
By Tarra Quismundo | Source: ANN

The Philippines’ arbitration case against China has moved a step forward after the president of the International Tribunal for the Law of the Sea (Itlos) appointed the second member of the ad hoc tribunal