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Property giant Ayala Land Inc. (ALI) has secured a deal with the owner and operator of the Solaire Resorts and Casino to build a retail development area inside the $1.2-billion casino complex located in Pagcor’s Entertainment City in Pasay. Under the agreement, ALI will be the leasing and marketing agent…

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Security Bank Corp. reported a 17 percent year-on-year rise in net income for the first quarter of the year on the back of an increase in loans and investment     securities. In a disclosure to the Philippine Stock Exchange on Tuesday, Security Bank said its net income for the period…

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BEIJING: China’s fixed-asset investment, a main measure of government spending on infrastructure, rose at its slowest pace in more than 12 years in January-April, data showed Tuesday, fuelling calls for Beijing to act to boost the economy. Growth in the world’s second-largest economy is decelerating, but leaders in Beijing say…

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HONG KONG: Asian markets mostly rose Tuesday following another record close on Wall Street, with Japan’s Nikkei boosted by a weakening yen and Indian shares surging on an expected clear win for Hindu nationalist Narendra Modi in general elections. Oil prices slipped after rising on Monday in response to a…

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HONG KONG: Oil prices were mixed on Tuesday after rallying in the previous session in response to a vote in eastern Ukraine to break away from the country, fuelling fears of a civil war that could disrupt supplies. The US benchmark, West Texas Intermediate for delivery in June, added 16…

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TOKYO: Struggling electronics giant Sony will not pay bonuses to senior executives for the third straight year, the Japanese company said on Tuesday, as it braces for another disastrous earnings showing. The move means that company president Kazuo Hirai will not have received any bonuses since he became chief executive…

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WASHINGTON – Ecuador has issued a “safe pass” transit permit for US intelligence leaker Edward Snowden, according to the US-based Spanish-language TV network Univision, which posted what it said was a copy of the document online. Quito had denied that it had provided the fugitive with any travel documents,…

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ZAMBOANGA CITY– Communist rebels killed two government soldiers and wounded another in an attack in the town of Esperanza in Agusan del, a spokesman for the New People’s Army said Thursday. Omar Guevara said rebel forces killed the soldiers who were members of the 26th Infantry Battalion in this…

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TOKYO, Japan – Japan has given the green light to the world’s first clinical trial using stem cells harvested from a patient’s own body, officials said Thursday, testing a treatment that may offer hope to millions of people robbed of their sight. A government committee approved proposals for tests…

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The Taiwanese government will only lift the sanctions it imposed on the Philippines if Manila responds positively to Taipei’s demands regarding the May 9 killing of a Taiwanese fisherman off Batanes. In a report on Taiwan’s Focus News Channel, President Ma Ying-jeou stood firm on his position that the Philippines…

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The national government’s fiscal deficit for the month of May was P13.164 billion, lower than what the Department of Finance (DOF) had forecast. In a statement on Thursday, the DOF reported that the deficit was 37 percent lower than the P20.9 billion expected for the month. “This brings the year-to-date…

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The Philippines said it had appealed Thursday to China to spare the life of a 35-year-old Filipina who had been sentenced to death for drug trafficking, but she was expected to be killed within days. The woman was one of two Filipinos arrested for smuggling over 12 kilograms (26 pounds)…