Finance Minister Pranab Mukherjee on Friday dismissed as speculation reports that he has emerged as a front runner in the race for presidential election.

"It is speculative. I don't want to comment

Offering 'huge scope' for foreign investments, Finance Minister Pranab Mukherjee on Friday said India needs about USD one trillion in next five years for infrastructure development, half of which has

India has some leeway to get reforms back on track with its long-term growth prospects firm, Tom Byrne, a senior vice-president of rating agency Moody's Investors Service, said on Wednesday.

"There i

The Philippines said on Friday it had made progress in efforts to end a tense standoff with China in the South China Sea but each side was still refusing to remove its ships from the disputed area.

F

Developing Asia's rapid growth in recent years has given rise to a widening rich-poor divide that threatens to undermine the region's growth and stability, but governments can address the problem via

The Philippines said its flagship navy vessel was involved in a standoff on Wednesday with two Chinese surveillance ships that had blocked the arrest of Chinese fishermen in the South China Sea.

Eigh

A luxury cruise ship with about 600 mostly Western tourists was adrift in Philippine waters on Saturday after a minor fire that injured a crew member, the government said.

The fire disabled two engin

A Philippine Catholic school is witholding the diplomas of six high school boys who uploaded Facebook photos that appear to show them kissing each other, an education official said on Friday.

A day e

The toll of dead and missing from a powerful earthquake that struck the Philippines has risen to 113 as the civil defence chief said on Sunday he had given up all hope of finding any more survivors.

Rescuers assisted by armed forces scrambled to find survivors in quake-hit central Philippines on Tuesday but a series of powerful aftershocks hampered them, as President Ninoy Aquino appealed for cal