Kuroda Hails Recovery from 2008 Financial Crisis before Anniv.
September 4, 2018
Tokyo- Bank of Japan Governor Haruhiko Kuroda said Monday that global financial markets have recovered from the financial crisis triggered by the collapse of U.S. investment bank Lehman Brothers in mid-September 2008. Global markets have since faced “various negative political
Tokyo-Based Mail Order Biz Operator Kefir Goes Bankrupt
September 3, 2018
Tokyo- Tokyo-based mail order business operator Kefir Inc., which garnered large amounts of investment from consumers under a so-called ownership program, filed for bankruptcy on Monday. Tokyo District Court immediately approved the start of bankruptcy proceedings. Kefir and three affiliates
Stock index lower, peso relatively unchanged
September 3, 2018
The main stock index ended lower while the peso finished relatively unchanged on Monday. The peso closed at P53.46 against the US dollar from Friday’s P53.45. Volume at the Bankers Association of the Philippines amounted to $485.89 million from $383.85
Saury Prices Plunge in Japan after Recovery in Catches
September 2, 2018
Tokyo- Prices of saury, an autumn delicacy, have dropped across Japan thanks to a rapid recovery in catches in the northernmost prefecture of Hokkaido. Some major supermarket stores in the greater Tokyo area have already started special sale, offering saury
Aeon Ends Tie-Up with Vietnamese Supermarket Operator
September 2, 2018
Tokyo- Major Japanese retailer Aeon Co. said Friday it has dissolved a capital and business alliance with Hanoi-based supermarket operator First Vietnam Joint Stock Co., or Fivimart. Aeon withdrew all of its investment in Fivimart on Wednesday. Previously, Aeon owned
BSP sees August inflation “to settle around 5.9%”
August 31, 2018
The Bangko Sentral ng Pilipinas (BSP) on Friday sees inflation in August “to settle around 5.9 percent, with a range of 5.5-6.2 percent.” Inflation reached 5.7 percent in July. In a statement by the BSP Department of Economic Research, the
Hitachi Team Wins Monorail System Order from Panama
August 31, 2018
New York- A group of three companies including Japan’s Hitachi Ltd. has won an 840-million-dollar monorail system order from Panama, Hitachi said Thursday. Under a basic accord signed with Metro de Panama SA, Hitachi will provide 28 six-car trains for
Stocks end slightly higher but peso declines
August 31, 2018
Philippine stocks ended the week slightly higher but the peso ended lower on Friday. The peso ended at P53.475 against the US dollar from Thursday’s P53.43. Volume at the Bankers Association of the Philippines reached $383.85 million from the previous
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