Peso slips to 12-year intraday low of P52.755:$1 before closing at P52.60
May 30, 2018
The peso slipped into a new 12-year intraday low of P52.755 against the US dollar in morning trading Wednesday but rallied to close 15 centavos higher. At the Bankers Association of the Philippines website, the peso finished at P52.60, only
Japan’s Retail Sales Up 1.6 Pct in April
May 30, 2018
Tokyo- Japan’s retail sales in April rose 1.6 pct from a year before to 12,001 billion yen, up for the sixth consecutive month, the Ministry of Economy, Trade and Industry said Wednesday. Fuel and drug sales grew, while automobile and
ID system, rice tariffs to complement TRAIN’s social mitigation measures: DOF
May 30, 2018
The government is accelerating the rollout of social mitigation measures such as unconditional transfers (UCTs) and fuel vouchers, which need to be complemented by enactment into laws of a national ID system and lifting of restrictions on rice imports to
BOJ Posts Higher Profit for 2nd Year
May 30, 2018
Tokyo- The Bank of Japan said Tuesday that its net profit grew to 764.7 billion yen in the year ended in March from 506.6 billion yen in the previous year, marking the second consecutive year of increase. The profit rise
TEPCO JV to Enter Storage Battery Business in Australia
May 30, 2018
Tokyo- Jera Co., a joint venture between Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co., said Tuesday that it will enter storage battery business in Australia. The thermal power and fuel company agreed to explore opportunities to
Stock index extends decline; peso rallies from P52.67:$1
May 29, 2018
Stocks continued its slide on Tuesday, as the Philippine Stock Exchange index finished 40.54 points lower to 7,602. In the broader market, there were 101 decliners, 89 gainers and 56 shares unchanged. Volume rose to 1.15 billion shares worth P6.1
Honda Aircraft Starts Accepting HondaJet Orders in Middle East
May 29, 2018
Tokyo- Honda Aircraft Co. has said it started accepting orders for a new model of the HondaJet small aircraft in Middle East countries. The U.S. unit of Japanese automaker Honda Motor Co. designated an aviation-related company in the United Arab
Porsche to Release First Electric Vehicle in Japan in 2020
May 29, 2018
Tokyo- The Japanese unit of Porsche AG has announced plans to release the Mission E, the first electric vehicle model for the German luxury sports car maker, in the Japanese market in 2020. The four-door vehicle, equipped with a 600-horsepower
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