Tuna Sells for Record 330 M. Yen in New Year Auction at Toyosu
January 6, 2019
Tokyo–A 278-kilogram bluefin tuna caught off Oma, Aomori Prefecture, northeastern Japan, fetched a record 333.6 million yen in the first New Year auction at the Toyosu wholesale market in Tokyo’s Koto Ward on Saturday. With domestic sea urchin also selling
Stocks give up early gains but ends higher
January 4, 2019
Stocks gave up early gains after the Philippines announced a big fall in December inflation but the key index still gained one percent at the close of trading on Friday. Inflation for December was reported at 5.1 percent, from six
Economic managers say “worst seems over” after December inflation eases
January 4, 2019
The country’s economic managers said in a joint statement on Friday said the low December inflation rate is welcome news, vigilance is needed. While we can say that the worst seems over given the signs of easing price pressures, we
Manufacturing output grows for 11th straight month: NEDA
January 4, 2019
Manufacturing output sustained its growth and marked its eleventh consecutive month in positive territory in November 2018, the National Economic and Development Authority (NEDA) said Friday. The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority reported
BSP says December inflation confirms assessment goals for 2019-2020 can be met
January 4, 2019
The Bangko Sentral ng Pilipinas said the 5.1 percent December inflation data ” confirms further the BSP’s earlier assessment that the inflation target for 2019 – 2020 shall be achieved.” In September, the central bank revised the inflation target for 2018 from
December inflation at 5.1%, full-year at 5.2%
January 4, 2019
December inflation slowed down on Friday to 5.1 percent from six percent in November as the Philippine Statistics Authority said cheaper food and lower transport costs. For the entire 2018, inflation averaged at 5.2 percent, highest since 2009. Among food
Stock index ends above 7,500 points
January 3, 2019
Stocks surged to its biggest one-day gain since November 2018 as the main index closed 2.5 percent higher on Thursday. The Philippine Stock Exchange index settled at 7,680.60, up 191.40 points. In the broader market, there were 135 gainers, 61
Seizure of Nippon Steel Assets Requested over Wartime Labor
January 2, 2019
Seoul–South Korean plaintiffs in a wartime labor lawsuit have filed with a local court for the seizure of Nippon Steel & Sumitomo Metal Corp. assets in the country, the plaintiff side announced on Wednesday. The move came after South Korea’s
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