Teresita Sy-Coson sits down with her five siblings for lunch every Tuesday to plot the direction of the Philippines’ largest family-run conglomerate. The sessions start at 11 and invariably spill over the allotted two hours, says Sy-Coson, 63, chairman of BDO Unibank Inc. and the eldest child of Henry Sy, the country’s richest man.
Singapore’s investigations into suspected stock-trading irregularities at three commodity companies whose shares plunged in October are seen as a test of credibility for Southeast Asia’s biggest equities market.
Singapore authorities widened their share-trading probe to include executives from two more companies as the police and central bank investigate a rout that wiped $6.9 billion of market value in October.
China, in the midst of a military buildup challenging the U.S. and Japan, is showcasing its expanded capabilities in the search for Malaysia’s missing plane by deploying hardware from satellites to warships to an icebreaker.
The drought parching Singapore and swaths of Malaysia and Indonesia threatens to raise food prices, slow economic growth and disrupt water supply in the region, home to the world’s oldest tropical rain forests.
China’s premier Li Keqiang vowed to extend the fight against corrupt officials, no matter how senior they are, following a report in state media that former security chief Zhou Yongkang is tied to a graft investigation.
China’s Communist leader Xi Jinping, already emerging more powerful than his predecessor, has fresh impetus to tighten his hold on domestic security after an outcry over a knife attack on civilians three days ago.
Forest fires brought on by drought in Malaysia and Indonesia fouled air quality to unhealthy levels in parts of Southeast Asia, stoking concerns of a repeat of the haze that engulfed the region in June.