NEDA sees manufacturing rebound despite decline in September
November 10, 2017
Decreases in the production of petroleum, transport equipment, and export-oriented products led to the decline in manufacturing output for September 2017, according to the National Economic and Development Authority (NEDA) in a statement on Friday. In the Monthly Integrated Survey
Kobe Steel execs may have tolerated data falsification
November 9, 2017
TOKYO- Some directors at Kobe Steel Ltd. may have given silent approval for product data falsification, informed sources said Tuesday. While the data falsification, which began more than a decade ago, has already been found to be organizational, involving factory
Nissan cuts operating profit forecast on inspection scandal
November 9, 2017
YOKOHAMA- Nissan Motor Co. said Wednesday that it has revised down its group operating profit forecast for the current fiscal year through March 2018 due to its vehicle inspection scandal. The Japanese automaker now forecasts an operating profit of 645
Stocks end slightly higher
November 9, 2017
Stocks lost an initial momentum with the main index finishing slightly higher on Thursday. The Philippine Stock Exchange index closed at 8,519.82 points, up 11.33. In the broader market, there were 114 decliners, 89 gainers and 37 issues unchanged. Volume
Monetary Board keeps rates steady despite inflation at three-year high
November 9, 2017
The Monetary Board, policy-making body of the Bangko Sentral ng Pilipinas (BSP) decided to maintain the interest rate on the overnight reverse repurchase (RRP) facility at 3 percent after it evaluated the outlook for inflation, which hit a three-year high
Power rates to go up in November: Meralco
November 9, 2017
Meralco announced an increase for November, amounting to P0.3436 per kWh for a typical residential household, thereby bringing the overall rate from last month’s P9.2836 per kWh to P9.6272 per kWh, a company statement said Thursday. The rate increase this
Japan Amazon Echo AI Speaker
November 8, 2017
TOKYO- Amazon Japan President Jasper Cheung, center, holds Amazon’s Echo smart speaker with support for the Japanese language in Tokyo, Japan, Wednesday, Nov. 8, 2017. Amazon Japan G.K. said Wednesday it will launch three models of its Echo artificial intelligence-based
Stocks end lower, peso gains slightly
November 8, 2017
Stocks ended lower for a second straight day Wednesday but with the main index staying at the 8,500-point area. The Philippine Stock Exchange index finished 13.32 points lower to 8,508.49. In the broader market, there were 128 decliners, 91 gainers
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