PH economy slows down sharply in third quarter

The Philippine economy grew in the third quarter at its slowest pace in nearly three years due to weak public spending, putting at risk President Benigno S. Aquino III’s goal of boosting the nation’s annual expansion to a record by 2016.

Australia's Sydney gets second airport

Australia has approved the construction of a second international airport in Sydney at the cost of $2.4bn (£1.4bn).

Japan eyes private sector to manage part of its $1.27 trillion forex reserves

(Reuters) - Japan is looking to allow private sector funds and trust banks to manage a part of its $1.27-trillion pool of foreign exchange reserves in a drive to manage them better, a government source told Reuters on Sunday.

As Philippines booms, overseas workers eye return home

MANILA: Mateo Ragonjan took a leap of faith in August last year. The executive sous-chef of a seven-star luxury hotel in Abu Dhabi packed his bags to take up a similar job back home in the Philippines.

India Faces Reality Check In Latest Global 2000

India, a nation that has earned a reputation for churning out some of the wealthiest billionaires in Asia, if not on the planet, has curiously enough, never produced a candidate in the top 100 ranks of the annual Global 2000 list of biggest publicly-traded companies.

Vietnam Tries to Tame Its Corporate Offspring: Southeast Asia

Vietnam’s state coal miner may make it onto a list of the world’s top mining companies by just one measure: its workforce. With almost 140,000 staff, it has more than BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RIO) combined.

China cut red tape to quicken investment

BEIJING: China has cleaned up red tape to quicken investment in the real economy by small firms and the private sector, and allowed the southern province of Guangdong to go ahead with a pilot scheme to further reduce government interference in the economy, the State Council said on Wednesday.

China to speed-up fine tuning of monetary policy

China's central bank has pledged to intensify its monetary policy fine-tuning in the second half of this year and improve credit policy to bolster the real economy.