Financial Overheating Risks Reach Postbubble Highs: BOJ
October 23, 2018
Tokyo- Overheating risks related to such financial activities as corporate and real estate loans in Japan have reached the highest levels since the collapse of the country’s bubble economy in the early 1990s, on the back of continuously low domestic
PAL launching ferry service between Kalibo and Boracay end October
October 23, 2018
A wholly-owned subsidiary of Philippine Airlines ( PAL) has targetted the end of October to launch a ferry service between Kalibo and Boracay. “We decided to join — and revolutionize – the inter-island ferry service business to complement local air
Main share index gains, peso settles at P53.79:$1
October 22, 2018
The Philippine Stock Exchange index gained on Monday, finishing 84.64 points higher to 7,236.18 while the peso lost nine centavos to settle at P53.79 against the US dollar. In the broader market, there were 107 gainers, 63 decliners and 36
“Akita Komachi” Trading Starts on Osaka Rice Futures Market
October 22, 2018
Osaka- The Osaka Dojima Commodity Exchange on Monday launched futures trading of the “Akita Komachi” variety of rice grown in the northeastern prefecture of Akita, in the hope of stimulating the rice futures market on the exchange. This marked the
MUFG Bank Pres. Cancels Saudi Visit
October 22, 2018
Tokyo- MUFG Bank President Kanetsugu Mike has canceled his planned visit to Saudi Arabia, where he was to attend events including the Future Investment Initiative conference, bank officials said Sunday. Mike is the first Japanese corporate leader whose decision to
NEC, Samsung to Join Hands to Develop 5G Stations
October 22, 2018
Tokyo- NEC Corp. will join hands with Samsung Electronics Co. to develop and sell base stations for fifth-generation, or 5G, mobile communications services, it was learned Sunday. In the United States, 5G services have partially started, while in Japan, carriers
Peso surges to P53.70 vs US dollar
October 19, 2018
The peso surged to a 24-centavo gain against the US dollar on Friday, and the main share index finished slightly higher. The peso closed at P53.70 from P53.94 on Thursday. Volume was a hefty $905.02 million from $729.25 million. The
Overall BOP position posts $2.7 billion deficit in September
October 19, 2018
The overall balance of payments (BOP) position posted a deficit of $2.7 billion in September, a reversal of the $24 million surplus recorded in the same period, the Bangko Sentral ng Pilipinas said Friday. Outflows stemmed mainly from foreign exchange
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