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Filipino-UK firm to drill for gas in disputed South China Sea area

Filipino-UK firm to drill for gas in disputed South China Sea area

By Sat, Sep 27, 2014 5:57PM UTC Comments Off Filipino-UK firm to drill for gas in disputed South China Sea area

MANILA, Philippines (AP) — The chairman of a Philippines energy company says a Chinese state-owned oil producer hasn't responded to a proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership....

ADB cuts growth forecast for Southeast Asia

By Thu, Sep 25, 2014 6:25PM UTC Comments Off

MANILA, Philippines (AP) — The Asian Development Bank has trimmed its economic growth forecast for Southeast Asia this year and next due to slower domestic demand in some of its bigger economies. ...

Filipino firm Alsons offers to buy Indophil stake in SMI for AUS$361m

By Tue, Sep 23, 2014 10:05AM UTC Comments Off Filipino firm Alsons offers to buy Indophil stake in SMI for AUS$361m

Alsons Prime Investment Corporation (APIC) has offered to buy Indophil Resources NL stake in the Philippines at AUS$0.30 per share for AUS$361 million (Php 14.3 billion) in cash, according to a report submitted to the Australia Stock Exchange early Tuesday. The acquisition is subject to the approval of shareholders, the Australian Foreign Investment Review Board...

Aquino: Philippine troops unlikely to return to Golan Heights soon

By Mon, Sep 22, 2014 11:06AM UTC Comments Off Philippine President Benigno Aquino III. Pic: AP.

MANILA, Philippines (AP) — Philippine President Benigno Aquino III says he's been told security threats on the Syrian side of the Golan Heights are not expected to ease soon, dimming hopes that U.N. peacekeepers can be deployed back to the region in the near future....

Quakes destroy homes in southern Philippines

By Sun, Sep 21, 2014 3:34PM UTC Comments Off Quakes destroy homes in southern Philippines

MANILA, Philippines (AP) — A series of earthquakes have destroyed 17 houses and damaged 66 others in a southern Philippine town, slightly injuring three people. Eduardo Buenacosa, disaster officer of Makilala municipality in North Cotabato province, says a magnitude-5 quake, the strongest of the tremors that shook the area Saturday, caused most of the damage...

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