Nissan-Renault-Mitsubishi Alliance Ties Up with Google
September 19, 2018
Tokyo- The alliance of Japan’s Nissan Motor Co., France’s Renault SA and Mitsubishi Motors Corp., Nissan’s Japanese affiliate, said Tuesday that it has tied up with Google Inc. of the United States to boost efforts to promote connected cars. Under
Stock index loses ground
September 18, 2018
Stocks slipped on Tuesday due to fears that inflation will be higher in due to the damage brought about by Typhoon Ompong on agriculture. The Philippine Stock Exchange index finished 127.22 points lower to 7,286.34. In the broader market, there
Hino, Volkswagen Unit to Launch Procurement Joint Venture
September 18, 2018
Tokyo- Japanese automaker Hino Motors Ltd., a subsidiary of Toyota Motor Corp. said Monday it will set up a procurement joint venture with Traton AG, a commercial vehicle manufacturing unit of Volkswagen AG. The move comes as the first concrete step
World Bank ready to extend $500 million to Philippines for typhoon-affected areas, DOF chief says
September 18, 2018
The Philippine government is eyeing to tap $500-million loan from the World Bank to augment its resources to aid the areas devastated by Typhoon Ompong. In an economic briefing at the Bangko Sentral ng Pilipinas headquarters in Pasay City, Finance
Gov’t downplays projection of peso reaching to 58 to US dollar
September 18, 2018
The Duterte administration expressed belief on Tuesday that the peso will recover and would not further slide to 58 to the US dollar as projected by a London-based think tank. In an interview in Pasay City, Budget Secretary Benjamin Diokno
Duterte may veto budget insertions if he thinks it unnecessary, Diokno says
September 18, 2018
President Rodrigo Duterte may veto “insertions” that Congress would make in the proposed P3.757-trillion budget for next year if he deems them unnecessary, his budget chief said on Tuesday. Budget Secretary Benjamin Diokno made the statement amid reports there were
Demand for One-Yen Coins Dampened by e-Money, Tax Hike
September 17, 2018
Tokyo- The number of one-yen coins in circulation has fallen sharply in Japan, as consumers increasingly choose cashless payments with electronic money or credit cards. The government has stopped minting new coins for circulation, while deteriorating units are being withdrawn.
Unpopular 2,000-Yen Bill Battles for Survival
September 17, 2018
Tokyo- Despite a much-heralded debut 18 years ago, 2,000-yen bills failed to find wide appeal, leaving them seldom sighted recently. The number of 2,000-yen bills in circulation accounts for a paltry 0.7 pct of all bank notes in use in
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