China to add 4,400 km rail lines this year

A trial train hits 220 kilometers per hour on a section of the Shanghai-Suzhou-Nantong Railway during a top-speed test run on May 4. XU CONGJUN/China Daily/Asia News Network BEIJING — China is expected to launch new rail lines totaling 4,400 km this year as the country steps up infrastructure investment to shore up the economy, […]

PSE oks PH’s first REIT listing

The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P15.1 billion planned by property giant Ayala Land-sponsored AREIT Inc., which will be the first real estate investment trust (REIT) to come to the local market. “We are set to...

Never too young for the stock market

MANILA, Philipipines — Mariah Manaois of Paniqui, Tarlac, has been saving up money from Christmas “aguinaldo,” school allowance and the occasional reselling of novelty items to classmates since she was in Grade 1. Only 14 and a 10th grader, Mariah has become a new...