Japan’s FY 2019 Draft Budget Likely to Total 101 T. Yen
December 13, 2018
Tokyo–The Japanese government plans to draw up a record draft general-account budget of around 101 trillion yen for fiscal 2019, informed sources said Thursday. The initial budget scale will surpass 100 trillion yen for the first time ever due in
Stocks, peso up
December 13, 2018
Stocks and the peso gained on Thursday ahead of the central bank’s monetary setting board’s decision whether to raise policy rates. The central bank decided to keep the reverse repurchase at 4.75 percent later in the day. The Philippine Stock
BSP keeps policy rates unchanged
December 13, 2018
The Bangko Sentral ng Pilipinas (BSP)’s policy-making body on Thursday kept policy rates steady at 4.75 percent. “The MB (Monetary Board) noted that latest inflation forecasts show a lower path over the policy horizon with inflation settling with target band
30.6 M. Subscribers Affected by Softbank’s Service Disruption
December 12, 2018
Tokyo–Last week’s large-scale service disruption at major Japanese mobile phone carrier Softbank Corp. affected some 30.6 million subscribers, it was learned Wednesday. Softbank, a unit of Softbank Group Corp. , has reported the figure to the Internal Affairs and Communications
Tokyo Ranks 2nd in 2035 GDP Rankings of Major Cities
December 12, 2018
London–Tokyo came second in rankings of major cities’ estimated gross domestic products in 2035 as its big population is expected to make up for slow growth, according to British research firm Oxford Economics. Tokyo’s position will be unchanged from the
Last-minute buying boosts stock index
December 12, 2018
Last-minute buying pulled the Philippine Stock Exchange index to finish slightly higher on Wednesday. The peso hit a high of P52.635 against the US dollar before ending the day at P52.715, up from Tuesday’s P52.77. Volume at the foreign exchange
Daiwa Securities offers to help “Build, Build, Build” program
December 12, 2018
Daiwa Securities Group has offered to help provide funding for the Duterte administration’s “Build, Build, Build” program and continue its support for the Philippines’ future yen-denominated bond issuances in the Japanese market, the Department of Finance (DOF) said on Wednesday. In
Domestic demand helping Asia-Pacific economies weather China-US trade conflict
December 12, 2018
Economies in developing Asia and the Pacific are weathering external challenges thanks to robust domestic demand, while inflationary pressures are abating, said a new report from the Asian Development Bank (ADB) Wednesday. In a supplement to its Asian Development Outlook
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