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Indian Oil Corp., Johnson Electric: Asia Ex-Japan Stock Preview

Indian Oil Corp., Johnson Electric: Asia Ex-Japan Stock Preview The following stocks may rise or fall in Asian markets, excluding Japan. This preview includes news that broke after the close of markets. Prices are from the local markets last close. Stock symbols are in parentheses after company names. South Koreas market is closed today. Ayala Corp. (AC PM): The company said it may expand into the provision of business outsourced services, including call centers. Ayala, which owns the banking, property and other businesses of the third-richest Philippine family, rose 5 pesos, or 1.3 percent, to 402.50. Cathay Pacific Airways Ltd.

Officials rebrand Zamboanga as Asias Latin City

Officials rebrand Zamboanga as Asias Latin City The local government formally launched on Thursday the branding of Zamboanga as Asias Latin City in a simple ceremony held during the opening of the 15th Mindanao Business Conference at the Astoria Regency, Pasonanca Park, here. Mayor Celso Lobregat explained at the project launching the basis for branding the Zamboanga as a Latin city is the existence of Chavacano, a derivative of the Spanish language that in turn is an outgrowth of Latin, the old Roman tongue. Chavacano is spoken by a majority of the people here, in Basilan and other parts of the Zamboanga Peninsula.

US to remain engaged in Asia

US to remain engaged in Asia The United States is stepping up its military engagement in the Asia-Pacific region to counter-balance the rise of China, and to confront the threat from terrorism, analysts said on Monday. As the centre of geopolitical gravity shifts from Europe to Asia, Washington is reviewing its security alliances with key Asian partners including Japan, South Korea and Australia, and forging new ties with India and other emerging powers. “What has been clearly seen out of these reviews is that America is not retreating,” said General Paul V Hester, Hawaii-based commander of US Pacific Air Forces. “America is not

Singapore to create investment funds for Asias infrastructure needs

Singapore to create investment funds for Asias infrastructure needs Singapore is seeking to tap opportunities in Asias infrastructure building growth, and it hopes to attract investors by providing incentives for infrastructure funds. Asian countries are expected to spend US$250b a year over the next five years to build large-scale projects such as roads systems, bridges, and power generators, and Singapore aims to make it easier for both institutional and retail private investors to pool their money together to finance such projects. Singapores neighbours like Indonesia and Vietnam are now relying on offshore banks to lend them money for their infrastructure projects,

Asias dark side threatens economic miracle

Asias dark side threatens economic miracle Billions of Asias poor including India are faring even worse in terms of health and education, a problem that could eventually undermine the regions economic miracle, the Asian Development Bank warned on Monday. The Philippines-based bank called for targetted intervention by governments with programmes for the poorest fifth of each countrys populations that yield substantial results. The report, measuring policy effectiveness in health and education, concluded that many Asia-Pacific countries would be unable to meet UN Millennium Development Goals (MDGs) targets for universal primary school enrollment and a two-thirds cut in child mortality rates. More