Japanet Takata Accused of Dual Pricing
October 19, 2018
Tokyo- Japan’s Consumer Affairs Agency on Thursday accused Japanet Takata Co. of employing dual pricing, ordering the major television shopping firm to take steps to prevent any recurrence of the inappropriate practice. The practice affected one TV and four air
BOJ Downgrades Economic Views on Hokkaido, Chugoku Regions
October 18, 2018
Tokyo- The Bank of Japan on Thursday revised down its economic views on the Hokkaido and Chugoku regions, following the recent earthquake in the northernmost prefecture and heavy rains in western Japan. In the latest version of its quarterly Regional
Nomura, Others to Work Together on Financial Gerontology
October 18, 2018
Tokyo- Nomura Holdings Inc., Mitsubishi UFJ Trust and Banking Corp. and Keio University said Thursday that they will work together to raise public awareness about financial gerontology. The three Japanese entities said they will jointly establish an organization called Japan
Philippine peso declines but stays above P54:$1
October 18, 2018
The Philippine peso closed at P53.965 against the US dollar from P53.89 while the Philippine Stock Exchange index closed 41.57 points higher to 7, 141.25 as it returned to a key mark. In the broader market, there were 92 gainers, 85
Favored firms got P86b in income tax perks, declared P142b in dividends in 2015: DOF
October 18, 2018
The Department of Finance (DOF) said in 2015 , the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8 billion combined in dividends to their respective shareholders, a statement from the department said Thursday. Finance
U.S. Court Cancels Halt to Fujifilm’s Acquisition of Xerox
October 17, 2018
Tokyo- A New York state appellate court has canceled an order to halt Fujifilm Holdings Corp.’s acquisition of U.S. printer and copier maker Xerox Corp., Fujifilm officials said Wednesday. In January, Fujifilm announced an agreement to integrate subsidiary Fuji Xerox
Toshiba to Set Up New Lithium-ion Battery Plant
October 17, 2018
Tokyo- Toshiba Corp. will set up a new plant in its business complex in the city of Yokohama, Kanagawa Prefecture, south of Tokyo, in an effort to boost production of lithium-ion secondary batteries. According to a statement released on Tuesday,
PCC fines Grab and Uber P16 million for violating provisions during review of merger
October 17, 2018
The Philippine Competition Commission ( PCC) fined a total of P16 million on Grab Philippines and Uber for violating provisions of the Interim Measures Order (IMO) during a merger review period. “The IMO is a mechanism that protects the integrity
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