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Asia Pacific garment industry reels from impact of coronavirus pandemic: ILO report

ABS-CBN News
Posted at Oct 22 04:13 PM

The International Labor Organization said Thursday the garment industry in the Asia Pacific region suffered from the impact of the COVID-19 pandemic with reduced demand from countries that imposed the strictest lockdowns. Read more »

Pandemic seen rolling back conditions in Asia garment factories

Matt Blomberg, Thomson Reuters Foundation
Updated as of Oct 22 03:55 AM

PHNOM PENH - The pandemic risks triggering a race to the bottom that could push tens of millions of Asian garment workers into greater hazard on the factory floor, with women hardest hit, the International Labor Organization said on Wednesday. Read more »

Aboitiz Group bets on public-private cooperation, digital pivot to hasten economic recovery

ABS-CBN News
Posted at Oct 21 04:02 PM

Public and private coordination as well as digital innovation could hasten economic recovery and resilience against the COVID-19 pandemic, the Aboitiz Group said Wednesday.  Read more »

Asia's biggest film fest opens in Busan as a shadow of its usual self

Claire Lee, Agence France-Presse
Posted at Oct 21 03:24 PM

Asia's biggest annual film festival started in South Korea Wednesday at a fraction of its usual scale, but some movie fans will still be able to attend screenings despite the coronavirus forcing many events online. Read more »

Angel Locsin pasok sa '400 leaders of tomorrow' sa Asya

ABS-CBN News
Posted at Oct 20 09:05 PM

Pasok si Angel Locsin sa 400 itinuturing na "leaders of tomorrow" sa buong Asya.  Read more »

Canadian pension fund bets on SE Asia data growth with $360 million investment

Peggy Sito, South China Morning Post
Posted at Oct 20 04:40 PM

The Ontario Teachers’ Pension Plan Board in Toronto led a $360 million investment in Singapore-based data center company Princeton Digital Group (PDG), betting on the optimistic outlook for the sector in the 5G era. Read more »

Angela Merkel says German companies should diversify to Asian markets beyond China

Stuart Lau of South China Morning Post, and Reuters
Updated as of Oct 20 12:47 PM

Singapore and South Korea offer promising opportunities since they regained their economic strength soon after weathering the pandemic, a German minister says. ‘We naturally want to diversify our supply chains,’ economics minister Peter Altmaier tells German business conference. Read more »

7 charged in flying squirrel trafficking ring, Florida officials say

Bryan Pietsch, The New York Times
Posted at Oct 20 12:02 PM

Seven people have been charged in a Florida-based international flying squirrel trafficking scheme in which thousands of the creatures were exported to Asia. Read more »

Ayala Corp's energy unit building second solar farm in India

ABS-CBN News
Posted at Oct 19 03:37 PM

AC Energy said it is expanding its renewables business in India with the development of the 70 MWp (megawatts peak) Paryapt Solar plant through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. Read more »

Ange Kouame's naturalization is on track, says SBP's Gregorio

Camille B. Naredo, ABS-CBN News
Posted at Oct 18 06:08 PM

The naturalization process of Ateneo center Ange Kouame is on track, although it remains to be seen if it will be finalized in time for the next window of the FIBA Asia Cup 2021 qualifiers. Read more »

FIBA: Baldwin says Slaughter welcome in Gilas, but…

Camille B. Naredo, ABS-CBN News
Posted at Oct 15 04:57 PM

Greg Slaughter is always welcome to join the Philippine national team, but at the moment he first has to work out his situation with the "powers that be." Read more »

RCEP ministers urge India to return to Asia-Pacific free trade talks

Kyodo News
Posted at Oct 14 09:07 PM

Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement urged India on Wednesday to return to the talks as they are aiming to sign a deal by the end of the year, a Japanese official said.   Read more »

PBA players, coaches ruled out for November window of FIBA Asia Cup qualifiers

Camille B. Naredo, ABS-CBN News
Posted at Oct 14 01:14 PM

With the PBA Philippine Cup in full swing, PBA players and coaches will not be available for the national team in the November window of the FIBA Asia Cup 2021 qualifiers.   Read more »

Westpac to retreat from Asia to focus on Australia, New Zealand

Reuters
Posted at Oct 14 11:47 AM

Australia's Westpac Banking Corp said on Wednesday it will exit operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, following a review of its international operations.   Read more »

Asia Brewery, Heineken joint venture shifts to produce, distribute products in PH

ABS-CBN News
Posted at Oct 14 11:23 AM

The LT Group Inc said Wednesday it approved the transition between its beer unit Asia Brewery and AB Heineken Philippines Inc from a joint venture to a new partnership structure that will produce and distribute Heineken products in the country.  Read more »

Southeast Asia flood deaths near 40 as new storm approaches

Khanh Vu and Prak Chan Thul, Reuters
Posted at Oct 13 04:09 PM

Nearly 40 people have died in Vietnam and Cambodia and scores more were missing, including rescuers, due to prolonged heavy rain and flash flooding as tropical storm Nangka edged towards the Vietnamese coast on Tuesday. Read more »

Asia-Pacific countries begin to ease pandemic-related travel bans, but hurdles remain

Jamie Freed, Reuters
Posted at Oct 12 03:50 PM

Asia-Pacific countries including Singapore, Australia and Japan are gradually easing some international travel restrictions as coronavirus cases slow, in hopes of helping to revive their economies. Read more »

Stocks creep higher on U.S. stimulus hopes, yuan sinks

Tom Westbrook, Reuters
Posted at Oct 12 08:37 AM

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. Read more »

Pulse Asia chief understands gov’t critics’ reaction, but insists integrity of surveys

ABS-CBN News
Posted at Oct 10 08:54 PM

Pulse Asia Research Inc. president Ronald Holmes said it was the public's right to question the results of a survey showing a lofty approval rating for the President, but he vouched for the integrity of the methodology that was used. Read more »

'Chaos is a ladder': Why Duterte ratings went up despite pandemic, unemployment, PhilHealth mess

Jamaine Punzalan, ABS-CBN News
Updated as of Oct 09 09:39 PM

The Philippines is struggling to stamp out Southeast Asia's worst coronavirus outbreak, millions of its people are unemployed, and officials of the medical insurer are fighting multi-billion peso corruptions claims. And yet, 9 in 10 Filipinos approved President Rodrigo Duterte's performance in a recent opinion poll. Read more »