Philippines

Philippines’ Nustar Resort & Casino set for grand opening next year

Philippines’ Nustar Resort & Casino set for grand opening next year

Universal Hotels & Resorts, the theme park unit of Comcast subsidiary NBC Universal, is reportedly ready to deliver a new, state-of-the-art gaming-friendly venue to the Philippines.

Chinese government arrests more than 11,500 people since February for illegal online gambling

Chinese government arrests more than 11,500 people since February for illegal online gambling

Thousands of people have been taken into custody by Chinese law enforcement agencies on suspicion of organizing illegal cross-border online gambling since the launch of a massive crackdown in Febru

Asian Development Bank triples capital base amid global crisis

Asian Development Bank triples capital base amid global crisis Manila  - The Asian Development Bank (ADB) said Thursday it was tripling its capital base to 165 billion dollars to allow it to respond to the global economic crisis.

The Manila-based ADB said its Board of Governors approved the increase from the current capital base of 55 billion dollars days before an annual meeting in Bali, Indonesia starting on Saturday.

Group calls on Philippine leader to condemn death squad killings

Group calls on Philippine leader to condemn death squad killingsManila - Human Rights Watch on Thursday urged Philippine President Gloria Macapagal Arroyo to immediately condemn the existence of a death squad that it said has killed more than 800 people in the past decade in a southern city.

The New York-based watchdog lamented that since it released a report on April 6 on the activities of the death squad in Davao City, 990 kilometres south of Manila, that Arroyo had not spoken about the murders.

Philippine share prices up 2.05 per cent

Philippine share prices up 2.05 per centManila - Share prices on the Philippine Stock Exchange rose 2.05 per cent on Thursday, buoyed by gains in Wall Street and other overseas markets.

The exchange's 30-share composite index gained 42.45 points to close at 2,103.50, up from Wednesday's finish of 2,061.05.

A total of 1.03 billion shares worth 2.45 billion pesos (51 million dollars) were traded.

Advancers led decliners 67 to 28, while 48 issues were unchanged.

APEC calls for immediate steps vs swine flu, but no travel ban

Swine FluManila - Asia-Pacific transport ministers on Wednesday called for immediate steps to contain the spread of a deadly swine flu virus outbreak, but they did not call for a travel ban in the countries affected by the disease. At the end of the 6th Asia-Pacific Economic Conference (APEC) Transportation Ministerial Meeting in Manila, the ministers expressed concern over the spread of the swine flu virus, which now affects seven countries, according to the World Health Organization.

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