Number of Workers in Japan Could Drop by 12.85 M. by 2040
January 15, 2019
Tokyo–The number of people with jobs in Japan could decline by 12.85 million from 2017 to 52.45 million in 2040 if the country’s economic growth stands at zero pct and labor participation by women and elderly people remains slow, a
Central bank says debt of Hanjin Philippine unit to five banks not that big
January 11, 2019
The Philippines’ five largest banks have an exposure of $412 million in the local unit of Hanjin Heavy Industries and Construction Philippines but the central bank said Friday there is no need to worry. Diwa Guunigundo, Officer-in-Charge and deputy governor
FDI down 74.2 percent to $491 million in October: central bank
January 11, 2019
Foreign direct investments (FDI) registered $491 million net inflows in October 2018, 74.2 percent lower than the $1.9 billion net inflows recorded in the same month in 2017, the Bangko Sentral ng Pilipinas (BSP) said Friday. This is the third
Inflation for bottom 30% income households at 8.2% in November, higher than national
January 11, 2019
While the national inflation rate for November was at six percent, the year-on-year inflation for the bottom 30 percent income households slowed down to 8.2 percent in November from 9.5 percent in the previous month, the Philippine Statistics Authority (PSA) said
Stock index gains on Thursday
January 10, 2019
The Philippine Stock Exchange index closed within the key 8,000 point level as it finished at 7, 985.23 points, up 65.56. In the broader market, there were 109 gainers, 82 decliners and 51 shares unchanged. Volume reached 2.12 billion shares
Philippine trade deficit for November hits $3.9 billion
January 10, 2019
The Philippines trade deficit for November declined to $3.9 billion from the previous month’s record $4,21 billion, the Philippine Statistics Authority (PSA) said Thursday. Exports were reported at $5.57 billion while imports logged at $9.47 billion. In October, exports were
World Bank Cuts Global Growth Estimates amid Trade Tensions
January 9, 2019
Washington–The World Bank, in a report released on Tuesday, cut its global economic growth estimate for 2019 to 2.9 pct from the June projection of 3.0 pct, warning that “downside risks have become more acute.” The World Bank also revised
Use of Dormant Deposits for Public Interest Starts in Japan
January 8, 2019
Tokyo–A system to divert funds sleeping in bank accounts for 10 years or longer for use in public-interest activities such as assistance to families in poverty started on a full scale in Japan this month. About 70 billion yen in
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