Hitachi Reaffirms Intention to Continue U.K. N-Reactor Project
May 29, 2018
Tokyo- Japanese machinery giant Hitachi Ltd. at a board meeting on Monday reaffirmed its intention to go ahead with its nuclear power reactor construction project in Britain. Hitachi highly rates the British government’s proposal to offer some 2 trillion yen
Kobe Beef Fetches Record High Price in Japan
May 29, 2018
Kobe- Kobe beef sold for a record high of 8,024 yen per kilogram in an auction on Monday at the wholesale market in Kobe, Hyogo Prefecture, western Japan, reflecting the brand’s rising popularity. The beef was sold to a local
EXCLUSIVE: BOJ Posts 2nd Year of Higher Profit
May 29, 2018
Tokyo- The Bank of Japan posted the second straight year of higher net profit in the year ended in March, partly thanks to stock-related gains, informed sources told Jiji Press on Monday. The profit growth also reflected a rise in
Mazda’s Total Domestic Production Exceeds 50 M. Units
May 29, 2018
Tokyo- Mazda Motor Corp. said Monday that its cumulative domestic vehicle production has topped 50 million units. The landmark figure was achieved 86 years and seven months after the automaker started production of three-wheeled trucks in Hiroshima Prefecture, western Japan,
HondaJet Undergoes 1st Upgrade
May 28, 2018
Tokyo- Honda Motor Co. said Monday it has made the first upgrade to its HondaJet small business aircraft whose shipments began in 2015. Deliveries of the upgraded HondaJet Elite will start in August. The HondaJet Elite has a larger fuel
Stock index flat, peso rallies to P52.49:$1
May 28, 2018
Stocks finished flat on Monday, as the Philippine Stock Exchange index finished 4.61 points lower to 7,642.90. In the broader market, there were 129 decliners, 74 gainers and 38 shares unchanged. Volume reached 501.9 million shares worth P5.39 billion from
Kansai Electric to Cut Electricity Rates in July
May 28, 2018
Tokyo- Kansai Electric Power Co. on Monday submitted to the industry ministry a plan to cut its electricity rates for households and institutional users by 5.36 pct on average on July 1. The price cut reflects a decrease in thermal
DOF rejects call to roll back fuel excise taxes
May 28, 2018
The Department of Finance (DOF) rejected on Monday to roll back the fuel excise taxes to reduce the burden of the public from rising prices of goods. In a press briefing in Malacanang, Assistant Finance Secretary and spokesperson Paola Alvarez cited that
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