Stock index up 1.6%, peso at P53.07:$1
August 8, 2018
The Philippine Stock Exchange regained the previous day’s losses as the main index ended 1.6 percent higher on Wednesday. The Philippine Stock Exchange index finished at 7,851.46 as the market awaited the policy-setting meeting of the Monetary Board on Thursday.
Suruga Bank Exec Led Lending Irregularities
August 8, 2018
Tokyo- A then executive officer of Japanese regional lender Suruga Bank <8358> led falsifications of loan application documents related to share-house investments, informed sources have said. The then executive, who was in charge of sales, intimidated the bank’s loan screenings
Philippine trade gap declines to $3.35 billion in June
August 8, 2018
The Philippines’ trade deficit reduced slightly to $3.35 billion from $3.7 billion in May, the Philippine Statistics Authority (PSA) said Wednesday. Exports reached $5.7 billion while imports went up to $9.05 billion. Total external trade in goods in June reached
Globe first half income up 21%
August 8, 2018
Globe Telecom Inc. said net income rose by 21 percent in the first half mostly due to higher revenues from mobile and broadband businesses. It said net profit amounted to P9.78 billion in the January to June period from P8.08
Philippines issues 154.2 billion yen worth of Samurai bonds
August 8, 2018
The Philippines returned to the public Samurai market, with a multi-tranche 154.2 billion yen transaction, the Department of Finance (DOF) said Wednesday. Three-year bonds drew 107.2 billon yen, five-year bonds 6.2 billion yen and ten-year bonds 40.8 billion, the DOF
NTT to Set Up Firm Overseeing Operations Abroad
August 8, 2018
Tokyo- Nippon Telegraph and Telephone Corp. said Tuesday that it will establish an intermediate holding company that will oversee the Japanese telecommunication group’s operations abroad. The new firm, called NTT Inc., will come into being by this autumn as a
Japan, U.S. Need to Seek Quick Result in New Trade Talks: Motegi
August 8, 2018
Tokyo- Japan’s Economic Revitalization Minister Toshimitsu Motegi said Tuesday it is important for the new trade talks between Japan and the United States to produce a result soon. Motegi made the remark at a press conference ahead of the bilateral
Japan to Allow Production, Sales of Liquid Milk for Babies
August 8, 2018
Tokyo- Japanese health minister Katsunobu Kato said Tuesday that his ministry will enforce on Wednesday a revised ordinance designed to permit the production and sales of liquid milk for babies. The revised ministry ordinance will newly include standards for liquid
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