GOCC oversight body to review staffing of proposed tax academy
December 17, 2017
The Governance Commission for Government-Owned or –Controlled Corporations (GCG) will review the organizational and staff structure of the proposed Philippine Tax Academy (PTA) that will serve as a training institution to provide revenue officials and staff continuing professional education on
Foreign portfolio investments yield net inflows in November
December 16, 2017
Foreign portfolio investments registered in November amounted to $1.1 billion, down by 18.5 percent and 5.2 percent from figures recorded the previous month and a year ago, respectively, the central bank said Saturday. About 80.8 percent of investments registered during
Stocks lower in final trading day of the week
December 15, 2017
Stocks ended lower, with main counters posting declines as the trading week wound up on Friday. The Philippine Stock Exchange index finished 124.02 points lower to 8,337.04. In the broad market, there were 123 decliners, 81 gainers and 38 shares
Current account reports surplus, but balance of payments in deficit
December 15, 2017
The current account reversed to a surplus of $554 million in the third quarter from a deficit of 30 million during the same period last year, the Bangko Sentral ng Pilipinas (BSP) said Friday. But the current account surplus was
Japan panel proposals include 13.7% livelihood aid cut option
December 15, 2017
Tokyo- An advisory body to Japan’s welfare ministry made on Thursday proposals on the reduction of livelihood assistance for households on welfare, including an option of cutting the aid by up to 13.7 percent. In a report it drew up
Rakuten announces plan to become Japan’s 4th mobile carrier
December 15, 2017
Tokyo- Rakuten Inc. said Thursday that it aims to become Japan’s fourth mobile carrier with its own communications infrastructure, hoping to launch the services in 2019. The major cybermall operator will apply for frequency band allocation for the fourth-generation mobile
Tokyo Gas mulling electricity biz in Central Japan
December 15, 2017
Tokyo- Tokyo Gas Co. is considering expanding into the electricity market in central Japan, following full liberalization of power retail sales in spring last year, President Michiaki Hirose said in a recent interview. Tokyo Gas is in talks with Toho
Nikkei drops for 4th session on Wall Street’s fall
December 15, 2017
Tokyo- The benchmark Nikkei average extended its losing streak to a fourth session on the Tokyo Stock Exchange Friday, weighted down by an overnight fall in US equities. The 225-issue Nikkei average fell 141.23 points, or 0.62 percent, to end
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