INTERVIEW: Ethiopia Seeks Investment by Japanese Manufacturers
November 10, 2018
Tokyo–Arkebe Oqubay Metiku, head of the economic planning, monitoring and supporting sector at the office of the Ethiopian prime minister, has called on Japanese manufacturers to invest in his country. Labor costs in the African country are “lower than in
Peso, stocks end lower
November 10, 2018
The peso closed at P52.96 against the US dollar, shedding off 39 centavos from Thursday’s close. Volume at the foreign exchange portal of the Bankers Association of the Philippines went down to $897.5 million from $1.353 billion on the previous
ICC approves change in scope and cost of North-South Commuter Railway
November 9, 2018
The Investment Coordination Committee – Cabinet Committee approved on November 6 the change in scope and increase in cost of the North-South Commuter Railway (NSCR) System. The total cost of the NSCR, a project of the Department of Transportation (DOTr)
INTERVIEW: Mazda Considering Offering Mobility Services
November 9, 2018
Tokyo–Mazda Motor Corp. <7261> is considering offering mobility services using advanced technologies such as the Internet and autonomous driving, its president and chief executive officer, Akira Marumoto, said. Providing such services is “an option” for the Japanese automaker, Marumoto said
Dennis Uy’s Udenna Corp is provisional third major telco player
November 7, 2018
A company that teamed up with China Telecom is the provisional third major telco player in the country, the National Telecommunications Commission ( NTC) announced on Wednesday. Davao businessman Dennis Uy’s Udenna Corporation, its subsidiary Chelsea Logistics Holdings, Corp. and
Philippines falls 11 places in World Bank’s Ease of Doing Business report, gov’t demands correction
November 1, 2018
The World Bank said Wednesday the Philippines’ fell 11 places in its Ease of Doing Business report to 124th place from 113th last year. In its report, the World Bank said although “minority investor protections were strengthened by increasing shareholders’
Stocks end higher on last trading day of October
October 31, 2018
The Philippine Stock Exchange index ended trading for October up by 124.23 points to end at 7,140.29 points. In the broader market, there were 100 gainers, 84 decliners and 45 shares unchanged. Volume reached 604.84 million shares worth P7.26 billion
BSP sees October inflation within 6.2% to 7%
October 31, 2018
The Bangko Sentral ng Pilipinas ( BSP) October inflation to settle within the 6.2 to 7.0 percent range, the central bank’s Department of Economic Research said Wednesday. “This corresponds to a month-on-month inflation forecast range of -0.2 to 0.6 percent, which
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