Remote-monitored driverless cars tested on Japan public roads
December 15, 2017
Tokyo- Tests of driverless cars under a remotely monitored system were conducted on public roads in Tokyo and a town in Aichi Prefecture, central Japan, on Thursday. According to the Tokyo metropolitan government and others, the self-driving tests represented Level
Personal remittances up 5.2 percent in October, 10-month tally $25.7b
December 15, 2017
Personal remittances from Overseas Filipinos (OFs) grew 5.2 percent to reach a cumulative $25.7 billion total from January to October, the Bangko Sentral ng Pilipinas said Friday. For October alone, personal remittances grew by 9.7 percent to $2.6 billion compared
World Bank upgrades its 2017 growth projections for the Philippines to 6.7%
December 15, 2017
The World Bank has updated its 2017 growth projection for the Philippines, as part of its quarterly forecast exercise to reflect recent economic trends. Following a stronger than expected growth of 6.9 percent in third quarter and a revision of
Credit rating upgrade bodes well for Philippines global bond offering
December 15, 2017
The recent upgrade by Fitch Ratings of the Philippines’ long-term foreign currency rating to “BBB” augurs well for the Philippines’ next global bond offering and provides a endorsement of the Duterte administration’s economic strategy anchored on a comprehensive tax reform
‘Maneki-neko’
December 15, 2017
Bangkok- A Thai woman poses for photos next to a ‘Maneki-neko’ Japanese cat figurine and other decorations promoting a mobile banking service App in Bangkok, Thailand, Friday, 15 December 2017. Thailand’s economy is expected to see four percent full-year growth
Stocks climb as first package of tax reform bill passes Congress
December 14, 2017
Stocks soared Thursday following the approval by both Houses of Congress of the first package of a tax reform bill which will fund the Philippines’ infrastructure program. The Philippine Stock Exchange index closed 101.45 points higher to 8,461.06. In the
Monetary Board keeps policy rates unchanged
December 14, 2017
The Monetary Board, the policymaking of the Bangko Sentral ng Pilipinas (BSP) kept the policy rates after its meeting on Thursday. The overnight reverse repurchase rate remains 3 percent and overnight lending rates were kept at 3.5 percent. These rates
NEDA hopes military to maintain high moral ground during martial law extension
December 14, 2017
The National Economic and Development Authority (NEDA) underscored on Thursday the importance of maintaining “high moral ground” among government forces during the one-year extension of martial law in Mindanao to ensure the proclamation would not create any negative effect on
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