Peso rallies from day’s low of P54.28:$1 to end at P54.11
September 17, 2018
The Philippine peso rallied from the day’s low of P54.28 against the US dollar to close at P54.11 on Monday. Volume rose from Friday’s $660.15 million to $807.2 million at the Bankers Association of the Philippines foreign exchange portal. The
Personal remittances up 4.5% to $18.5b in January-July period
September 17, 2018
Personal remittances from overseas Filipinos reached $2.7 billion in July 2018, higher by 4.5 percent compared to the level posted in the same month in 2017. On a cumulative basis, personal remittances grew by three percent year-on-year to $18.5 billion,
Watch Worn by Osaka at U.S. Open Enjoys Flood of Preorders
September 14, 2018
Tokyo- Citizen Watch Co. has received a flood of preorders for a new watch since Naomi Osaka won her U.S. Open title last week, because she wore the model during the prestigious game. Citizen Watch is among the Japanese companies
Panasonic to Launch Evolved Smart Air Conditioners
September 14, 2018
Osaka- Panasonic Corp. said Thursday it will launch air conditioners featuring artificial intelligence that autonomously switches on their air-cleaning function by forecasting pollution levels in rooms based on data from a weather information company. Panasonic assumes that prices of a
Dominguez orders release of seized rice, other foodstuff to DSWD
September 14, 2018
Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to immediately release the confiscated smuggled rice and other food items to the Department of Social Welfare and Development (DSWD) to augment ongoing government preparations for the possible
Japan Biz Leaders, China’s Li Agree on Need for Free Trade
September 13, 2018
Beijing- Visiting Japanese business leaders and Chinese Premier Li Keqiang agreed on the need to maintain free trade at a meeting Wednesday. The meeting was attended by Japan-China Economic Association Chairman Shoji Muneoka, Japan Business Federation (Keidanren) Chairman Hiroaki Nakanishi
Machinery Maker Kubota Admits Data Falsification
September 13, 2018
Osaka- Japanese machinery maker Kubota Corp. said Wednesday that it submitted falsified inspection documents for metal-processing equipment parts to client companies. The misconduct affected 4,398 of the 21,035 rolling mill rolls manufactured at a plant in Amagasaki, Hyogo Prefecture, and
Ex-Heads of M’bishi Materials Units Indicted over Data Scandal
September 13, 2018
Tokyo- Japanese public prosecutors indicted two former chiefs of Mitsubishi Materials Corp. subsidiaries on Wednesday over a product quality data scandal at the nonferrous metals group. Hiroaki Murata, 61, and Mutsumi Yasutake, 60, effectively sacked as presidents of Mitsubishi Cable
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