Gov’t has measures to ease impact of global oil prices, says DOF
May 28, 2018
The Tax Reform for Acceleration and Inclusion (TRAIN) Law allows the suspension of fuel excise tax increases but only under specific conditions, the Department of Finance (DOF) said as it stressed that the government has an array of measures to mitigate the
EXCLUSIVE: Nissan Aims to Double Sales of Leaf EV in Japan
May 27, 2018
Tokyo- Nissan Motor Co. aims to sell some 40,000 units of its Leaf electric vehicle in Japan in the year to March 2019, double the previous year’s level, Jiji Press learned Friday. The cumulative domestic sales of the Leaf, launched
Toyota to Support Suzuki’s Hybrid Vehicle Engine Development
May 27, 2018
Nagoya- Toyota Motor Corp. has agreed to provide technological support for the engines of hybrid vehicles being developed by Suzuki Motor Corp. for sales in the Indian and other markets, the two Japanese companies said Friday. The move, also to
Chinese delegation in Manila to explore biz opportunities
May 27, 2018
A delegation from China representing 44,000 Chinese local-level chambers of commerce has met with Finance Secretary Carlos Dominguez III to explore cooperation and investment opportunities in the Philippines and a possible tie-up with other business groups within the Association of
Peso closes at near 12-year low of P52.70:$1
May 25, 2018
The peso closed at a near 12-year low of P52.70 against the US dollar on Friday after hitting an intraday low of P52.705. On Thursday, the Philippine currency settled at P52.55 against the US dollar. Volume at the Bankers Association
Finance department says tax package didn’t cause inflation
May 25, 2018
A spike in rice prices because of alleged lack of supply, a weak peso, rising oil prices abroad, better tax compliance of local cigarettes, and growing consumer demand accounted for the bulk of the 4.5 percent inflation in April, a senior Department of Finance (DOF)
FamilyMart Uny to Pull Out of Overseas Supermarket Biz
May 25, 2018
Tokyo- Japanese retail group FamilyMart Uny Holdings Co. said Thursday that it will withdraw from general merchandise store operations overseas. The firm also announced a decision to pull the plug on its apparel specialty store operations in Japan. The group
Shoko Chukin Logs 8.5 B. Yen in Misconduct-Linked Losses
May 25, 2018
Tokyo- Shoko Chukin Bank on Thursday reported 8.5 billion yen in losses for the year through March mainly due to its misconduct related to a government-backed low-interest loan program for crisis-hit small companies. In the misconduct, Shoko Chukin provided low-rate
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