SMFG to maintain lending stance after Basel III
December 27, 2017
Tokyo- Sumitomo Mitsui Financial Group Inc. will not take a stricter lending stance in response to new international capital adequacy rules for major internationally active banks, known as Basel III, President Takeshi Kunibe has said. Sumitomo Mitsui can cope with
Bank of Tokyo-Mitsubishi UFJ to acquire Indonesia’s Bank Danamon
December 27, 2017
Tokyo- Bank of Tokyo-Mitsubishi UFJ said Tuesday it has agreed to acquire a majority stake in Bank Danamon Indonesia for up to 700 billion yen. The move is part of the Japanese bank’s effort to strengthen its foreign business in response to
P90 billion to be generated from new tax law, officials say
December 22, 2017
The Philippine government is expected to raise some P90 billion from the newly-passed tax reform measure, including P8 billion from the provisions vetoed by President Rodrigo Duterte, the Development Budget Coordination Committee ( DBCC) said on Friday. DBCC, chaired by
Stocks boosted by last-minute buying, peso at P50.14:$1
December 22, 2017
Last-minute buying raised stocks on Friday ahead of a two-day holiday. The Philippine Stock Exchange index ended 54.03 points higher to 8,432.31. In the broader market, there were 108 gainers, 96 decliners and 40 unchanged. Volume reached 839,41 million worth
Toughen penalties under product quality law
December 22, 2017
Tokyo- Japan’s industry ministry plans to toughen penalties against violations of the industrial standardization law, informed sources told Jiji Press on Thursday. The move is part of a package of measures designed to prevent a repeat of the product quality
Stocks end higher, peso at P50.24:$1
December 21, 2017
Stocks finished higher on Thursday, with the main Philippine Stock Exchange index gaining 15.67 points to 8,378.28 points. In the broader market, there were 104 decliners, 101 gainers and 41 issues unchanged. Volume reached 1.13 billion shares worth P6.31 billion.
BOJ to switch 2.5 trillion yen of gov’t bonds in FY 2018
December 21, 2017
Tokyo- The Bank of Japan is planning to switch 2.5 trillion yen of maturing government bonds it holds to short-term government securities in fiscal 2018 without redeeming them, Jiji Press learned Wednesday. The figure is down 500 billion yen from
BOJ keeps monetary policy unchanged
December 21, 2017
Tokyo- The Bank of Japan decided to leave its monetary policy unchanged at a two-day Policy Board meeting that ended Thursday. The nine-member board decided, by a vote of eight to one, to continue guiding 10-year Japanese government bond yields
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