Total Value of BOJ Assets Tops Japan’s GDP for 1st Time
August 15, 2018
Tokyo- The total value of Bank of Japan-owned assets, mainly Japanese government bonds, has exceeded the country’s annual nominal gross domestic product for the first time ever, a BOJ report showed on Tuesday. BOJ assets totaled some 548.94 trillion yen
Economy to grow faster in second half: Dominguez
August 15, 2018
The Department of Finance (DOF) remains optimistic the economy will grow faster in the second half on the back of larger investment inflows and exports, higher infrastructure expenditures, and an improved revenue effort which posted a first-semester performance in 2018 that is the
ODA projects in 2017 advance Philippine development initiatives
August 15, 2018
Projects and programs funded by Official Development Assistance (ODA) through loans and grants made significant contributions to the Philippines’ efforts in achieving targets laid out in the medium-term development plan, the National Economic and Development Authority (NEDA) said on Wednesday.
Japan Tobacco Files for MOF Approval for Price Hikes
August 15, 2018
Tokyo- Japan Tobacco Inc. on Tuesday filed for Ministry of Finance approval for its plans to raise the prices of most of its tobacco products in line with the tobacco tax hike set for Oct. 1. If approved, its cigarette
Stocks down; peso hits P53.51 vs US dollar before rallying to P53.39
August 14, 2018
Philippine stocks fell on Tuesday, with the main index shedding off more than one percent as it neared the key 7,500 level. The peso hit a low of P53.51 against the US dollar before rallying to close at P53.39, down
Otsuka Kagu Reports Net Loss of 2 B. Yen in Jan.-June
August 14, 2018
Tokyo- Struggling Japanese furniture retailer Otsuka Kagu Ltd. said Tuesday it logged an unconsolidated net loss of 2,037 million yen in the January-June first half. The figure was reduced from the year-before loss of 4,567 million yen, after the company
EXCLUSIVE: JT to Raise Mevius Cigarette Price by 40 Yen
August 14, 2018
Tokyo- Japan Tobacco Inc. plans to raise the price of its mainstay Mevius cigarette brand by 40 yen per pack to 480 yen on Oct. 1, informed sources told Jiji Press on Tuesday. The company is expected to file for
GMA Network first half income down 21%
August 14, 2018
GMA Network Inc. on Tuesday said net income fell by 21 percent in the first half of the year, The network posted a net income of P1.23 billion in the January to June period from 1.55 billion in the same period last
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