Philippines, KEXIM sign loan pact for Cebu port project
June 5, 2018
SEOUL—The Philippines and South Korea signed Monday (June 4, 2018) a $172.64 million loan agreement for the construction of a new international container port in Cebu that aims to free up the existing seaport in the province and provide a more efficient
Toshiba Memory Aiming for IPO in 3 Years
June 5, 2018
Tokyo- Toshiba Memory Corp., a former Toshiba Corp. subsidiary sold to a consortium led by U.S. private equity firm Bain Capital for 2 trillion yen, is aiming for an initial public offering in three years, its president, Yasuo Naruke, told
Mizuho to Start Work on Unifying Core Computer Systems
June 5, 2018
Tokyo- Japanese megabank group Mizuho Financial Group Inc., the parent of Mizuho Bank, will start work on Saturday to unify its core computer systems for banking operations. The system integration work will finally come 16 years after former Dai-Ichi Kangyo
Mitsui, Yahoo Launch Ticket-Pricing Service Reflecting Demand
June 5, 2018
Tokyo- Mitsui & Co. said on Monday that it has launched a joint company with two other firms to offer a service in which prices of concerts, and sporting and other events are set reflecting factors including demand. Dynamic Plus
Stocks lower ahead of May inflation report
June 4, 2018
Stocks closed lower on Monday, with the main index losing 0.66 percent, a day ahead of the Philippines’ inflation report for May. The Philippine Stock Exchange settled at 7,579.61 points, down 50.65 points. In the broader market, there were 113
Suruga Bank Reexamining Annual Results
June 4, 2018
Tokyo- Suruga Bank, a Japanese regional lender, said Monday that it is closely examining annual financial results already released last month. The bank made the comments after the Nikkei business daily reported in its Sunday edition that the lender is
Japan’s Monetary Base Down 1.1 Pct in May
June 4, 2018
Tokyo- Japan’s monetary base at the end of May went down 1.1 pct from a month earlier, dropping for the first time in three months, the Bank of Japan said Monday. The monetary base, or the combined balance of currency
Hoshino Seen Becoming Japan’s Top Finance Bureaucrat
June 4, 2018
Tokyo- Japan’s Finance Ministry is considering promoting Tsuguhiko Hoshino, 58, director-general of the ministry’s Tax Bureau, to vice minister of finance, informed sources said Saturday. The post has been vacant since Junichi Fukuda, 58, resigned as top finance ministry bureaucrat
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