Stock index recovers, peso improves to P54.13:$1
October 12, 2018
Philippine stocks recovered from a big two-day slide as the key index finished above the 7,000-point mark on Friday. The Philippine peso closed at P54.13 against the US dollar, five centavos higher than Thursday’s finish. Volume at the Bankers Association
Subaru to Recall Vehicles Possibly Affected by Inspection Fraud
October 12, 2018
Tokyo- Subaru Corp. on Thursday informed the Japanese transport ministry that it will recall a total of 6,124 vehicles of nine models possibly affected by its vehicle inspection fraud, including in brake tests. The nine models, made in December 2017,
FamilyMart Uny Holdings Mulling Sale of All Shares in Uny
October 11, 2018
Tokyo- Major Japanese retail group FamilyMart Uny Holdings Co. is considering selling all of its remaining shares in Uny Co. to Don Quijote Holdings Co., informed sources said Wednesday. By separating the sluggish supermarket business, FamilyMart Uny hopes to concentrate
Stock index closes below 7,000 points
October 11, 2018
The Philippine Stock Exchange index on Thursday closed below the 7,000 mark, shedding off 116.76 points to finish at 6,884.38 points. The index fell by as much as 200 points before trading headed towards lunch break. In the broader market,
Foreign portfolio investment transactions yield net outflows in September: BSP
October 11, 2018
Registered investments for September amounted to $743 million, reflecting a 33.7 percent decrease from the $1.1 billion figure in August, the Bangko Sentral ng Pilipinas (BSP) said Thursday. Likewise, a 42.7 percent year-on-year decline was noted from the $1.3 billion level
KDDI Buys Operator of KidZania Job-Experience Theme Parks
October 11, 2018
Tokyo- Major Japanese mobile phone carrier KDDI Corp. said Wednesday that it has acquired KCJ Group Inc., the operator of KidZania work-experience theme parks for children. KDDI bought a majority equity stake in KCJ on Oct. 1. The acquisition value
Peso gains six centavos to close at P54.18:$1
October 10, 2018
The Philippine peso gained six centavos to close P54.18 against the US dollar on Wednesday but the stock index finished lower. Volume at the foreign exchange portal at the Bankers Association of the Philippines reached $720.8 million from Tuesday’s $605
Net FDI more than doubles in July to $914m: central bank
October 10, 2018
Foreign direct investments (FDI) rose significantly in July to $914 million from the U344 million posted in July, the Bangko Sentral ng Pilipinas said Wednesday. More than 60 percent of FDI net inflows during the month were in the form
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