Asia Business

Volkswagen overtakes Toyota in H1 global vehicle sales

By Tue, Jul 28, 2015 4:48PM UTC

TOKYO (AP) — Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out at the top in the intensely competitive tallies.

Philippines business groups welcome new shipping law

By Tue, Jul 28, 2015 8:15AM UTC

Mindanao businessmen today lauded the signing of the Foreign Ships Co-Loading Act, which will reduce logistics costs for producers and create a more efficient import and export system.

Thai Airways suspends unprofitable US flights, cuts 1,401 jobs

By Mon, Jul 27, 2015 3:41PM UTC

Thailand’s beleaguered national airline will suspend flights to the U.S. as part of efforts to end years of losses.

PS4, Xbox to battle it out in China after Beijing finally lifts console ban

By Mon, Jul 27, 2015 10:30AM UTC

After 15 years out in the cold, gaming console giants Sony Corp. and Microsoft Corp. will finally be able to battle it out in China’s massive gaming market after Beijing lifted a ban on sales of PlayStation and Xbox consoles.

Philippines: South Cotabato maintains ban on open pit mining

By Mon, Jul 27, 2015 5:01AM UTC

The provincial government of South Cotabato is holding its ground on its decision not to allow open pit mining in any part in the province, putting again on hold the future of Sagittarius Mines Inc (SMI). SMI owns the Tampakan Copper and Gold Project located in the mountainous area of