Japan’s Shidax to Sell Karaoke Business to Rival B&V
May 31, 2018
Tokyo- Japan’s Shidax Corp.has announced a plan to sell an 81 pct stake in a subsidiary that runs karaoke business to Tokyo-based rival B&V Corp. on June 7. Shidax will sell its stake in Shidax Community Corp., along with its
Stocks lower, peso rallies
May 31, 2018
Stocks ended lower on Thursday, the last trading day of the month. The Philippine Stock Exchange index finished at 7,497.17, down 27.03 points. In the broader market, there were 102 gainers, 101 decliners and 41 shares unchanged. The peso closed
Mitsubishi Lands 1st Port Construction Deal in Iraq in 40 Yrs
May 31, 2018
Tokyo- Japan’s Mitsubishi Corp. said Wednesday that it has received an order for port improvement work in Iraq, its first port construction order in the country in some 40 years. The major trading house won the order to improve ports
Japan Pump Price Tops 150 Yen for First Time since December 2014
May 31, 2018
Tokyo- Retail regular gasoline prices in Japan topped 150 yen per liter on average for the first time since December 2014 this week, the Agency for Natural Resources and Energy said Wednesday. The spike came after refineries raised wholesale prices
Japanese Automakers’ Domestic Production Up 3.7 Pct in April
May 31, 2018
Tokyo- Combined passenger car output in Japan by eight major domestic makers in April rose 3.7 pct from a year earlier to 735,145 units, up for the third consecutive month, data from the companies showed Wednesday. The growth reflected brisk
Dominguez pitches Philippine infra, IT projects to Korea
May 31, 2018
Finance Secretary Carlos Dominguez III has sought South Korea’s funding support and expertise in implementing the Philippines’ big-ticket infrastructure and information technology (IT) projects in line with the Duterte administration’s goal of modernizing the country’s logistics backbone and preparing the
Canon Ends More Than 80 Years of Film Camera Business
May 31, 2018
Tokyo- Canon Inc. has put an end to more than 80 years of its film camera business. Recently, the company announced on its website the end of sales of the EOS-1v, its last remaining film camera model, as inventories ran
Some Takeda Shareholders to Oppose Shire Buyout
May 30, 2018
Tokyo- Some shareholders of Takeda Pharmaceutical Co. plan to oppose its 7-trillion-yen acquisition of Shire PLC at a general shareholders meeting on June 28, according to a notice by Takeda. The 12 shareholders claim that the deal “carries overly high
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