Peso stages strong rally after rate hike
September 28, 2018
The Philippine peso staged a strong rally on Friday, a day after the central bank raised policy rates by 50 basis points, as it closed at P54.02 against the US dollar, 21 centavos higher from the previous day’s finish. The
BSP sees September inflation settling 6.8%, DOF sees it unchanged at 6.4%
September 28, 2018
The Bangko Sentral ng Pilipinas (BSP) forecast September inflation to settle around 6.8 percent while the Department of Finance (DOF) estimated the rate to remain at 6.4 percent. The BSP and DOF released differing estimates on Friday. The central bank’s
Softbank, DiDi Start Taxi-Hailing Service in Osaka
September 28, 2018
Osaka- A joint venture between Japan’s Softbank Corp. and China’s DiDi Chuxing started on Thursday a taxi-hailing service in Osaka Prefecture, western Japan. The service by DiDi Mobility Japan Corp., available on a free smartphone app, targets visitors to Japan
Peso gains after 50 basis point rate hike
September 27, 2018
The Philippine peso recovered after falling to near 13-year intraday lows after the Bangko Sentral ng Pilipinas announced an increase of 50 basis points in its policy rates on Thursday. The peso closed at P54. 23 against the US dollar
3 Mitsubishi Electric Discretionary Workers Suffer from Long Hours
September 27, 2018
Tokyo- Three employees at Mitsubishi Electric Corp. working under the company’s discretionary labor system have been recognized as suffering from working long hours, informed sources said Thursday. They were among five Mitsubishi Electric workers recognized in 2014-2017 as suffering from
Toyota to Sell All Models at Any Dealership
September 27, 2018
Nagoya- Japan’s Toyota Motor Corp. is discussing plans to sell all vehicle models at any of its some 5,000 domestic outlets, breaking with the practice of addressing different market segments through multiple dealership networks, informed sources said Thursday. Toyota aims
Nippon Express Eyeing China-Europe Regular Freight Trains
September 27, 2018
Tokyo- Nippon Express Co. is poised to launch regular freight train services between China and Europe as early as in February 2019, informed sources said Wednesday. The major Japanese transport company expects that China’s Belt and Road Initiative for the
Data Scandal at Suzuki Motor Deepens
September 27, 2018
Tokyo- Suzuki Motor Corp. said Wednesday that the company has falsified preshipment vehicle inspection data, on top of earlier announced improper emissions checks. When announcing the discovery of the improper emissions inspections in August, the Japanese company denied any data
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