Dai-ichi Life to Buy Australian Life Insurance Biz
August 9, 2018
Tokyo- Japan’s Dai-ichi Life Holdings Inc. said Thursday that it has reached a basic agreement to buy major Australian insurer Suncorp Group Ltd.’s life insurance business. Dai-ichi Life hopes to sign a purchase contract by early September through a wholly
Central bank raises policy rates by .50 percentage points
August 9, 2018
The Bangko Sentral of the Philippines ( BSP) said Thursday policy rates were raised by .50 percentage points, the third time the monetary authority did so to combat inflation. BSP Governor Nestor Espenilla said in a televised press conference that
Japan’s Pioneer in Talks with Firms to Seek Tie-Up
August 9, 2018
Tokyo- Struggling Japanese car electronics maker Pioneer Corp. said Thursday that it is in talks with companies including automotive parts maker Calsonic Kansei Corp. to seek a tie-up. Pioneer made the comment after media reports said it has approached Calsonic
Beleaguered Otsuka Kagu Faces Deeper Uncertainty
August 9, 2018
Tokyo- Uncertainty has deepened over Japan’s Otsuka Kagu Ltd. as electronics retailer Yodobashi Camera Co. decided not to support the reconstruction of the beleaguered furniture seller. Otsuka Kagu, whose sales have dropped amid a feud in the founding family, is
Japan June Core Machinery Orders Down 8.8 Pct
August 9, 2018
Tokyo- Japan’s seasonally adjusted core machinery orders in June fell 8.8 pct from the previous month, the Cabinet Office said Thursday. Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending,
Mazda, Saudi Aramco to Jointly Study Emissions Reductions
August 9, 2018
Tokyo- Mazda Motor Corp. said Wednesday that it will start joint research with Saudi Arabian Oil Co., or Saudi Aramco, on reducing vehicle carbon dioxide emissions. The project will also be joined by Japan’s National Institute of Advanced Industrial Science
Philippine economy grew 6% in second quarter
August 9, 2018
The Philippine economy slowed down to 6 percent in the second quarter from a revised 6.6 percent in the first quarter, the Philippine Statistics Authority (PSA) said Thursday. Socioeconomic Planning Secretary Ernesto Pernia said the lower growth was due to policy
Diokno: “We are miles away from federalism”
August 8, 2018
Budget Secretary Benjamin Diokno expressed reservation on the draft new constitution prepared by the consultative committee that would pave the way for a shift to a federal form of government. Diokno is President Rodrigo Duterte’s third economic manager who expressed
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