EXCLUSIVE: Shell Firms Created for Suruga Share-House Loans
August 12, 2018
Tokyo- Officials of Japanese regional lender Suruga Bank set up shell companies one after another to increase loans for share-house investments, Jiji Press has learned. The shell companies were created at the instruction of a then Suruga branch head after
Stocks lower, peso declines a day after 50 basis points rate hike
August 10, 2018
The main share index closed slightly lower on Friday, a day after monetary authorities raised policy rates by .50 percentage points. The peso closed at P53.135 against the US dollar from P53.09. Volume at the foreign exchange rate reached $664.3
Lawson Bank to Start Operations on Oct. 15
August 10, 2018
Tokyo- Lawson Bank, a subsidiary of major Japanese convenience store chain Lawson Inc. said Friday it will start offering financial services on Oct. 15. The bank was granted a banking license by the Financial Services Agency the same day. It
Japanese Ministry Inspects Yamato Unit on Overbilling
August 10, 2018
Tokyo- Japan’s transport ministry inspected a Yamato Holdings Co. subsidiary on Thursday over the company’s overcharging of fees on moving services for corporate customers. The ministry is considering the possibility of punishing Yamato Home Convenience Co. under the trucking business
Casio to Automate Output of Low-End Watches
August 10, 2018
Tokyo- Casio Computer Co. said Thursday that it will in late August start automated production of low-priced watches at its plant in Yamagata Prefecture, northeastern Japan. The automation will halve production costs from the current level, the company said. To
“Silver lining” to lift economy in third quarter: DOF bulletin
August 9, 2018
The Department of Finance (DOF) said Thursday despite gross domestic product slowing down to six percent for the second quarter from 6.6 percent in the previous quarter, there were factors which means the economy will bounce back in the third
Stocks, peso slightly down after GDP announcement
August 9, 2018
Stocks went down on Thursday after the government announced that growth slowed down in the second quarter to six percent. The peso declined slightly to P53.09 against the US dollar from P53.07. Volume at the foreign exchange market reached $682.1
PLDT second quarter net income down 58 percent
August 9, 2018
PLDT Inc. on Thursday said net income went down 58 percent in the second quarter. PLDT reported a net income of P4.88 billion in the second quarter, down by 58 percent from P11.59 billion in the same period last year. From January to
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