Business

A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan February 28, 2017. REUTERS/Issei Kato/File Photo  TOKYO — Japan’s factory output tumbled last month, driven by typhoon-led disruptions in motor vehicle production and weak US sales, with the government and analysts cautioning about a subdued outlook …

ICBC and China’s three other big banks are recording markedly increasing liabilities in the depressed property sector. © Qilai Shen/Bloomberg BEIJING — Six of China’s biggest banks said they would tweak interest rates on mortgages for existing home loans following a request to lower them from Beijing’s central bank, state media …

BANGKOK — Indonesian shrimp farmer Yulius Cahyonugroho operated more than two dozen ponds only a few years ago, employing seven people and making more than enough to support his family. Since then, the 39-year-old said the prices he gets from purchasers have fallen by half, and he’s had to scale …

CCIAP President Connie da Cunha meets with SBMA Chairman and Administrator Eduardo Jose Aliño during the September 20 visit of Australian businessmen to Subic Bay Freeport./SBMA photo  SUBIC BAY FREEPORT, Philippines — A business delegation from Australia met with officials of the Subic Bay Metropolitan Authority (SBMA) here to scout …

Containers are moved at the Port of New York and New Jersey in Elizabeth, N.J., on June 30/The Associated Press  NEW YORK — Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November’s closely contested presidential …

Representational image/Gulf Today KATHMANDU — Taxi driver Surendra Parajuli’s decision to buy an electric cab would have been unthinkable a decade ago, when chronic power cuts left Nepalis unable to light their homes at night. But a dam-building spree has led to dirt-cheap energy prices in a landlocked Himalayan republic …

The Philippine Stock Exchange is planning to launch Global Philippine Depositary Receipts (GPDRs) as a means to allow Philippine investors to trade in stocks listed in overseas bourses. Prior to the launch, the PSE has issued a memorandum seeking public comments on its Proposed Rules for Global Philippine Depositary Receipts …

MICRO, small and medium enterprises (MSME) can benefit greatly from the opportunities offered by a fast-rising digital economy, Go Negosyo founder Jose Ma. Concepcion III said on Friday. Concepcion said he believes digital technology has given MSMEs access to important tools like capital, markets and mentoring. “Even a small entrepreneur …

The price of coffee has been skyrocketing on international commodities markets, and while consumers in Canada haven’t felt the grind yet, the pressure of climate change on the world’s coffee farms is setting the industry on edge, insiders and scientists said. Droughts in Brazil and Vietnam have helped push market …

INTEL and the US government will likely finalize $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. The discussions were at an advanced stage, but there was no guarantee it would be finalized …