Philippines News

  • FPT Plans Two Takeovers as Vietnam Software Maker Looks Abroad

    FPT Corp., Vietnam’s largest publicly traded telecommunications and software company, aims to complete two takeovers this year as it seeks to boost international sales, Chairman Truong Gia Binh said.

  • Pedophiles Lured by Avatar in Tech Industry Porn Fight

    Sweetie looks much like other unfortunate young Filipinas. Just 10 years old, her user profile shows, she spends her days online fielding requests from men who offer her money to perform sexual acts in front of a webcam. When she logs on, invitations pour in -- “Are you a working girl?” or “I’m into girls your age” -- from strangers keen to get her into a private show via Skype or Yahoo! Messenger.

  • Costa Rica’s Solis Names His Economic Team After Firings

    Costa Rican President-elect Luis Guillermo Solis appointed his economic team as the Central American country moves to reassure investors and the public after two foreign investors announced plans to cut jobs.

  • El Nino Signs Detected, Presaging Global Weather Change

    Signs have been detected that a periodic warming of the tropical Pacific known as El Nino is imminent, presaging changes to global weather patterns in the months ahead, the World Meteorological Organization said.

  • Obama to Begin Four-Country Asia Trip in Japan on April 23

    U.S. President Barack Obama arrives in Tokyo on April 23 to begin a four-country Asian trip, marking his first visit to Japan since 2010. * Obama will stay in Japan from April 23-25 Chief Cabinet Secretary Yoshihide Suga says in Tokyo today. Obama will meet Prime Minister Barack Obama and Emperor Akihito * Obama will stop in South Korea on April 25-26 where he will discuss ways to counter the threat posed by North Korea’s nuclear arms program with South Korean President Park Geun Hye, Park’s office says in a statement today * Obama will also visit Malaysia for the first time as president on April 26-28 * The U.S. president will then spend April 28-29 in the Philippines where he will meet President Benigno Aquino: Charles Jose, Philippine foreign affairs dept spokesman says by phone

  • Philippine Peso Declines Most in Three Weeks on Dollar Demand

    The Philippine peso fell by the most in three weeks on speculation investors took advantage of the currency’s recent gains to buy dollars.

  • CORRECT: Philippine Equity Movers: PAL Holdings, Victorias

    (Corrects typo in company name in headline, second bullet.)

  • Philippine Record-Low Rates Aren’t ‘Sacred,’ Guinigundo Says

    The Philippines’ record-low benchmark interest rate isn’t sacred and will need to be reviewed as the central bank guards against price pressures, Deputy Governor Diwa Guinigundo said. The peso fell.

  • Sole Korea Rate-Cut Call Reviewed at ING as Goldman Changes View

    ING Groep NV is the only bank left predicting a 2014 interest-rate cut in South Korea. There may be none soon as the call is reviewed after a Bank of Korea meeting that prompted Goldman Sachs Group Inc. to pull its forecast.

  • Most Read on Bloomberg: Stocks Drop, Banker Quits, Gross Speaks

    The following list comprises the most-read Bloomberg News reports from the past week.

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