System Glitch Hits TSE
October 10, 2018
Tokyo- A system glitch hit the Tokyo Stock Exchange on Tuesday, making it unable for some brokerage firms to accept trading orders. According to Japan Exchange Group Inc., the operator of the leading stock market in the country, also known
IMF Cuts 2018 World Growth Outlook, Ups Japan’s Forecast
October 9, 2018
Nusa Dua, Indonesia- The International Monetary Fund on Tuesday lowered its growth outlook for the global economy for this year to 3.7 pct, while raising its projection for Japan to 1.1 pct. The IMF cut its global growth forecast by
Peso rallies to P54.10:$1 after being down 14 centavos in trading
October 9, 2018
The Philippine peso closed at P54.10 against the US dollar after falling by 14 centavos at one point in trading on Tuesday, from P54.15 on the previous day. Trading at the foreign exchange portal of the Bankers Association of the
Product Quality Problems Look Far from Over One Year On
October 9, 2018
Tokyo- Product quality problems in the Japanese manufacturing sector still look far from over one year after Kobe Steel Ltd. disclosed its quality data fraud. On Oct. 8 last year, Kobe Steel made public its product inspection fraud, the first
Peso ends nearly five centavos higher at P54.185:$1
October 8, 2018
The Philippine peso closed nearly five centavos higher on Monday to finish at P54.185 against the US dollar. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $845.04 million from Friday’s $592.5 million. The Philippine
Philippines, Japan sign P4.37b supplemental loan pact for Bohol airport expansion
October 8, 2018
The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have signed a supplemental agreement extending a 4.376-billion yen loan to the Philippines to help fund the second phase of the New Bohol Airport project, which would cover expansion of
End-September gross international reserves settle at $75.16 billion
October 5, 2018
Preliminary data showed gross international reserves (GIR) level as of end-September was lower at $75.16 billion from end-August level of $77.93 billion, Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Diwa Guinigundo announced Friday. At this level, the GIR is equivalent to
IMF Urges Japan to Raise Consumption Tax as Planned
October 5, 2018
Tokyo- International Monetary Fund Managing Director Christine Lagarde called on Japan Thursday to raise the consumption tax rate from 8 pct to 10 pct in October next year as planned in preparation for a further increase in the country’s social
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