Stock index closes with slim gains despite 1st quarter GDP report
May 10, 2018
The main stock index swept past a key level after the first quarter growth figures were announced but lost ground towards the end of trading on Thursday. The Philippine Stock Exchange closed at 7,571, up 15.73 point, after going past
Central bank hikes policy rates by 25 basis points
May 10, 2018
The Monetary Board, policy-making body of the Bangko Sentral ng Pilipinas (VSP), raised policy rates for the first time in four years on Thursday due to rising inflation. A statement by the board said the interest rate on the BSP’s
Japan Current Account Surplus Grows 3.4 Pct in FY 2017
May 10, 2018
Tokyo- Japan’s current account surplus grew 3.4 pct in fiscal 2017 from the previous year, expanding for the fourth consecutive year partly due to higher dividend income from abroad, the Finance Ministry said in a preliminary report Thursday. The country’s
Softbank Enjoys Record Operating Profit
May 10, 2018
Tokyo- Japan’s Softbank Group Corp. on Wednesday reported a record consolidated operating profit in fiscal 2017, citing massive stock valuation gains at its 10-trillion-yen fund. The operating profit for the year to March rose 27.1 pct from the previous year
Toyota Earns Record Net Profit in FY 2017
May 10, 2018
Tokyo- Toyota Motor Corp. on Wednesday reported a record group net profit of 2,493,983 million yen for fiscal 2017, which ended in March, up 36.2 pct from the previous year, thanks to the yen’s weakening and corporate tax cuts in
Japan Pump Prices Hit 41-Month High
May 9, 2018
Tokyo- The average retail price of regular gasoline in Japan as of Monday rose 0.4 yen from a week before to 145.9 yen per liter, hitting the highest level in about three years and five months, the Agency for Natural
Stocks lower ahead of 1st quarter GNP, central bank policy meeting
May 9, 2018
Stocks closed lower on Wednesday ahead of the release of first quarter growth figures and a meeting by the central bank’s policy making body if policy rates will be raised. The Philippine Stock Exchange finished 22.30 points lower to 7,355.27.
JAL May Launch New Budget Carrier in 2020 at Earliest
May 9, 2018
Tokyo- Japan Airlines is considering a plan to launch a new low-cost carrier as early as 2020, informed sources said Tuesday. JAL hopes to expand its LCC business after seeing in spring last year the end of restrictions on its
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