The Daily Manila Shimbun

 

Stock index up, but peso ends lower

August 22, 2018

Philippine stocks ended higher Wednesday but the broader market was relatively flat on Wednesday, a day after a market holiday. The peso closed at P53.425 against the US dollar from P53.38 on Monday. Volume reached $385.15 million from $424.35 million.

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U.S. Fund Sells All 6.41 Pct Stake in Otsuka Kagu

August 21, 2018

Tokyo- U.S. investment fund Brandes Investment Partners LP sold all of its 6.41 pct equity stake in struggling Japanese furniture retailer Otsuka Kagu Ltd. last Wednesday. The sale was revealed Monday in a report on large shareholdings submitted by Brandes

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Nissan to Build New Auto Plant in China

August 21, 2018

Tokyo- Nissan Motor Co. plans to construct a new automobile plant in China, informed sources have said. With the new plant, the major Japanese automaker aims to boost its production capacity and increase vehicle sales in China, which has become

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Proposed real property valuation reforms to rev up property market: DOF

August 21, 2018

Finance Secretary Carlos Dominguez III said pending legislative proposals to reform the country’s outdated real property valuation system will bring in more investments, further invigorate the property market, and  generate additional revenues for local government units (LGUs), a statement by the Department of

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Stocks decline, peso rallies

August 20, 2018

Philippine stocks declined on Monday, as the main index hovered just above the key 7,500 point mark. The peso closed at P53.38 against the US dollar from P53.425 on Friday. Volume at the foreign exchange market reached $424.35 million from

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EXCLUSIVE: British American to Raise Tobacco Prices in Japan

August 20, 2018

Tokyo- British American Tobacco Japan Ltd. has filed for Japanese Ministry of Finance approval for its plans to raise the prices of its tobacco products in line with the planned tobacco tax hike in Japan on Oct. 1, informed sources

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Japanese Firms Creating Rest Places for Wildlife at Factories

August 19, 2018

Tokyo- Japanese manufacturers are stepping up efforts to create greenery areas that help preserve local ecosystems within the premises of their factories. The moves come as businesses are increasingly asked to make contributions to biodiversity conservation at international conferences. Factories

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High-level meeting set in China for PH infra projects – DOF

August 19, 2018

Philippine and Chinese officials are set to meet in Beijing this week to continue discussions on ways to address the issues and challenges in the preparation and implementation of the Duterte administration’s “Build, Build, Build” infrastructure projects that China has

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