Peso ends at P54.23:$1, up by nine centavos from Thursday
October 5, 2018
The Philippine peso closed at P54.23 against the US dollar on Friday, up by nine centavos from the previous day’s close. The peso initially slumped to P54.33 as the September inflation rate came in 6.7 percent, which was higher than
BSP sees inflation settling above three percent for 2018-19
October 5, 2018
The Bangko Sentral ng Pilipinas (BSP) said latest forecasts show inflation settling above 3 percent, plus and minus one percentage point for 2018-19. The BSP issued this statement on Friday after the Philippine Statistics Authority (PSA) said September inflation came
INTERVIEW: Lawson Bank Eyes Cutting Retailers’ Cashless Settlement Fees
October 5, 2018
Tokyo- Lawson Bank plans to introduce by March 2020 a cashless settlement system that will allow retailers to substantially cut commission fee payments to credit card firms, Masashi Yamashita, president of the bank, said in a recent interview with Jiji
AI-Based Housing Loan Screening Spreading in Japan
October 5, 2018
Tokyo- A move to speed up the process of screening housing loans by using artificial intelligence technology is spreading in the Japanese banking industry. On Monday, MUFG Bank, a unit of Mitsubishi UFJ Financial Group Inc. started a service in
Mizuho to Suspend ATMs during 3-Day Holiday
October 5, 2018
Tokyo- Mizuho Bank will suspend automated teller machine services in Japan during the upcoming three-day holiday weekend due to work on transferring customer data in line with a computer system upgrade. The suspension will start at midnight Friday (3 p.m.
Inflation rose 6.7 percent in September, ninth straight month of increase
October 5, 2018
The Philippines’ annual headline inflation rose for the ninth straight month at 6.7 percent in September, the Philippine Statistics Authority ( PSA) said Friday. Inflation in the previous month was pegged at 6.4 percent and in September 2017, three percent.
Toyota, Softbank to Jointly Develop New Mobility Services
October 4, 2018
Tokyo- Toyota Motor Corp. and Softbank Group Corp. said Thursday that they have agreed to form a strategic partnership and establish a joint venture for new mobility services including those using automated driving technology. This is the first time for
KKR, Tencent invests $175m into Voyager Innovations
October 4, 2018
PLDT Inc. announced on Thursday the investment of global investment firm KKR ( Kohlberg Kravis Roberts) and China’s leading internet service provider Tencent Holdings Ltd. in Voyager Innovations Inc. for $175 million. Under the agreement, KKR and Tencent will separately
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