EXCLUSIVE: Japan FSA to Investigate Bank Loans for Property Investments
September 20, 2018
Tokyo- Japan’s Financial Services Agency plans to investigate loans extended by banks for investments in properties, such as apartments, informed sources said Wednesday. The FSA move is aimed at preventing document tapering and lending irregularities related to real estate investments
Businesses Returning to Normal in Quake-Affected Sapporo
September 20, 2018
Sapporo- Businesses are returning to normal in Sapporo, the capital of the earthquake-hit northern Japan prefecture of Hokkaido, after the region’s main thermal power plant partially resumed operations Wednesday. With the No. 1 unit at Hokkaido Electric Power Co.’s Tomato-Atsuma
Asian Development Bank approves new 6-year partnership strategy for the Philippines
September 20, 2018
The Asian Development Bank’s (ADB) Board of Directors on Thursday has approved a new six-year country partnership strategy that lays out ADB’s support to the Philippine government in achieving its goal of attaining sustained high and inclusive economic growth. Under
1st Outlet of Yoshinoya, in Tsukiji Market, to Close After 59 Yrs
September 20, 2018
Tokyo- The first Yoshinoya “gyudon” beef-on-rice bowl restaurant, located within Tokyo’s Tsukiji wholesale market, will close on Oct. 6, ending a 59-year history due to the relocation of the market. The Tsukiji outlet is known for keeping serving gyudon by
Stocks lower, but peso gains
September 19, 2018
Stocks closed lower, with the Philippine Stock Exchange index down 65,11 points to 7, 7221.23 but the peso gained on Wednesday. The peso closed at P53.99 against the US dollar from P54.07 on Tuesday. Volume at the Bankers Association of
BOJ Keeps Ultraeasy Policy Unchanged
September 19, 2018
Tokyo- The Bank of Japan decided to keep its current massive monetary easing regime unchanged at a two-day policy-setting meeting that ended on Wednesday. The BOJ’s Policy Board voted seven to two to hold steady the bank’s short-term policy interest
ADB approves $300m loan to boost Filipinos’ access to financial services
September 19, 2018
The Asian Development Bank’s (ADB) board of directors Wednesday approved a $300 million loan to support the Philippine government’s effort to expand financial services across the country, especially among entrepreneurs, small businesses, farmers, workers, and individuals, including women and vulnerable
Overall BOP position posts $1.27b surplus in August
September 19, 2018
The overall balance of payments (BOP) position yielded a surplus of $1.27 billion in August, a reversal from the $7 million deficit in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Wednesday. Inflows in August stemmed
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