After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
Philippines
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
Japanese printer maker Brother Industries opened a new manufacturing plant in the Philippines.
The Japanese debt watcher raised the Philippines' credit ratings recently.
Reports said that investments in the Philippines increased by almost 40% after six months.
SM Investment Corporation shares experience an all time low since discounted share sale.
Facebook faced two major mobile ad challenges.
Facebook users from emerging markets use the service for a different purpose unusual to its home market.
A Japanese government agency will be funding the southern Philippines' restructured government.
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Suntory Beverage & Food Ltd. planned to spend more on purchases and considered Del Monte Pacific Ltd. as its new takeover target.
Genting Hong Kong’s Philippine Travellers postponed its IPO due to negative market conditions stinging emerging markets.
A US$120 million fund was put up by Swedish firm Brummer and Partners and 20 other investors.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
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