Troubles in shipping has caused the 78-year-old Japanese liner, Sanko Steamship Company’s chartering business model to collapse as it declared bankruptcy this month.
The country reported a surge in FDI flows in the first quarter of this year. The positive news needs to be taken with a little pinch of salt as FDI into the Philippines is notoriously volatile.
Chinese education company ChinaCast has had its stocks frozen. The new CFO is trying to regain listing compliance but allegations of company theft is making life difficult.