Real estate properties in Mindanao soar
July 23, 2018
DAVAO CITY – Real estate properties are priced five-fold higher before President Rodrigo Duterte was elected into Malacanang, the Chamber of Real Estate Brokers Association (Creba) said Monday. “What used to be P15,000 per square meter before is now 500
Stocks down despite foreign buying
July 23, 2018
Philippine stocks went down despite foreign buying on Monday. The peso closed at P53.48 against the US dollar from Friday’s P53.51. Volume amounted to $99.6 million from $474.05 million. The Philippine Stock Exchange index finished at 7,376.80 points, down 22.81
Japan’s Aso Asks U.S. to Reconsider Auto Tariffs
July 23, 2018
Buenos Aires- Japanese Finance Minister Taro Aso on Sunday asked the United States to reconsider its plan to impose additional tariffs on automobile and auto parts imports. Aso made the request during talks with U.S. Treasury Secretary Steven Mnuchin in
Foreign Supermarket Operators Struggling in Japan
July 22, 2018
Tokyo- Some of the major non-Japanese supermarket operators that launched businesses in Japan around 2000 featuring low prices through bulk purchasing have pulled out of the country. Carrefour SA of France and Tesco PLC of Britain pulled the plug on
EXCLUSIVE: BOJ Mulling Making 10-Yr JGB Target More Flexible
July 22, 2018
Tokyo- The Bank of Japan is considering making its long-term bond yield target more flexible to help ease the adverse effects of its current massive monetary easing policy, Jiji Press learned Friday. This issue will be on the agenda of
Toyota Founder Kiichiro Inducted into Automotive Hall of Fame
July 22, 2018
Nagoya- Toyota Motor Corp.’s late founder, Kiichiro Toyoda, has been inducted into the Automotive Hall of Fame in the United States, the top Japanese automaker said Friday. Kiichiro’s vision and entrepreneurial spirit at the time of the founding were rated
Nippon Cargo Disciplined for “Vicious” Irregularities
July 22, 2018
Tokyo- The Japanese transport ministry took disciplinary action against Nippon Cargo Airlines under the civil aeronautics law on Friday, for its inadequate aircraft maintenance and failure to report accidents, as well as the manipulation of maintenance records. The ministry found
Moody’s affirms Philippine ratings at Baa2
July 20, 2018
Moody’s Investors Service Friday affirmed the Philippines’ long-term local currency and foreign currency issuer and senior unsecured debt ratings at Baa2 and maintained the outlook at stable. It expects that growth will remain robust and that the Philippines’ fiscal metrics
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