Stock index surges, peso gains
December 11, 2018
Philippine stocks gained, with the key index rising 1.4 percent while the peso rose slightly against the US dollar on Tuesday. The Philippine Stock Exchange index finished at 7,451.08, up 102.87. In the broader market, there were 106 gainers, 75
Ghosn Arrest on New Charges Draws Controversy Even in Japan
December 11, 2018
Tokyo–The serving of a fresh arrest warrant on former Nissan Motor Co. Chairman Carlos Ghosn by the special investigation squad of the Tokyo District Public Prosecutors Office on Monday provoked controversy even in Japan. Prominent journalist Shoko Egawa, familiar with
Ghosn, Nissan at Odds over Entry into Expensive Brazil Condo
December 11, 2018
Sao Paulo–Former Nissan Motor Co. Chairman Carlos Ghosn and the Japanese automaker are fighting in court over entry into a luxury apartment in Rio de Janeiro that Nissan let him use as his home. The condominium, which faces the Copacabana
Japan Govt Eyeing Over 2.5 T. Yen for 2nd Extra Budget
December 10, 2018
Tokyo–The Japanese government is considering setting the size of a planned second supplementary budget for fiscal 2018 to next March at more than 2.5 trillion yen, it was learned Monday. Under the second extra budget, the government plans to spend
Japan July-Sept. GDP Revised Down to 2.5 Pct Drop
December 10, 2018
Tokyo–Japan’s economy shrank a revised 2.5 pct in July-September on an annualized basis, far weaker than a preliminary 1.2 pct decline, due chiefly to slumping corporate capital expenditures, the Cabinet Office said Monday. The drop in gross domestic product in
FDI registers $569m net inflows in September: BSP
December 10, 2018
Foreign direct investments (FDI) registered $569 million net inflows in September, albeit lower than the $807 million net inflows in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. This developed as equity capital withdrawals of
Japan Govt Workers Receive Winter Bonuses
December 10, 2018
Tokyo–Japanese central government workers in nonmanagerial posts on Monday received winter bonuses of some 710,000 yen on average, down about 4,400 yen from a year before. Their average age stands at 35.5 years. The National Personnel Authority had recommended a
Stocks decline, peso cuts loses vs US dollar
December 10, 2018
Stocks fell while the peso rallied to cut losses against the US dollar on Monday. The Philippine Stock Exchange (PSE) closed 112.85 points lower to 7, 348.21. In the broader market, there were 134 decliners, 59 gainers and 43 shares
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