ICC-CabCom okays two projects for Marawi rehab and recovery
October 29, 2018
The National Economic and Development Authority (NEDA) Board Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on Thursday two projects for rehabilitation and recovery of Marawi City. These include the Rehabilitation and Development Plan (RDP) for a Greater Marawi – Stage 2,
Stock index, peso close higher
October 26, 2018
The Philippine Stock Exchange index closed 97.49 points higher to 7,064.33, and the peso finished at P53.64 against the US dollar, up 16 centavos from Thursday. In the broader market, there were 99 decliners, 80 gainers and 56 shares unchanged
Yamaha Motor to Enter Agricultural Drone Market
October 26, 2018
Tokyo- Yamaha Motor Co. said Friday that it will launch its first drone for agricultural use in March 2019. The Japanese company aims to sell 500 units of the YMR-08 in 2019 and 1,000 units in 2021, amid growing demand
Panasonic to Launch Automated Restaurant Business in China
October 26, 2018
Tokyo- Japan’s Panasonic Corp. said Thursday that it will launch a smart restaurant business in which robots serve food, in cooperation with a major Chinese restaurant chain operator. The first such restaurant will open in Beijing late this month. The
Hanamaruki to Build “Shio Koji” Plant in Thailand
October 26, 2018
Tokyo- Japanese seasoning maker Hanamaruki Foods Inc. said Thursday it will build a plant in Thailand to produce “shio koji” salt-fermented rice malt. The company, based in Ina in the central prefecture of Nagano, plans to start construction of the
Philippine stock index ends below 7,000 points
October 25, 2018
Philippine stocks were affected by a decline in regional markets on Thursday as the main stock index fell below the 7,000-point mark. The Philippine Stock Exchange index lost 162.58 points to end at 6,966.84. In the broader market, there were
Toshiba Memory May Go Public on TSE in Autumn 2019
October 25, 2018
Tokyo- Toshiba Memory Corp., which was acquired by a consortium led by U.S. investment fund Bain Capital from Toshiba Corp. in June, is making preparations for its listing on the Tokyo Stock Exchange possibly in autumn 2019, it was learned
Mail-Order House Senshukai Planning Massive Restructuring
October 25, 2018
Osaka- Major Japanese catalog shopping company Senshukai Co. will carry out massive restructuring due to its weak business performance, it was learned Wednesday. The company is considering selling its head office in Osaka, western Japan, consolidating its business bases and
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