Asian Development Bank supports Philippines in accelerating flagship infrastructure projects
October 30, 2017
The Asian Development Bank’s (ADB) board of directors has approved a $100 million loan for the Infrastructure Preparation and Innovation Facility, which will support the Philippine government in accelerating the delivery of high quality public infrastructure projects under its ambitious
MICC to review mine operations every two years
October 30, 2017
Finance Secretary Carlos Dominguez III has lauded the interagency Mining Industry Coordinating Council (MICC) for starting the “fact-finding and science-based” review of mining operations across the country for the first time since the inception of this multi-sectoral oversight body five years
Dominguez orders BOC, BIR to intensify anti-smuggling drive on 5 goods
October 29, 2017
Finance Secretary Carlos Dominguez III has ordered the Bureaus of Customs (BOC) and of Internal Revenue (BIR) to train their sights on the smuggling of rice and four other commodities as they iron out a plan to create a joint
Bank of Tokyo-Mitsubishi to reduce branches by 10-20 pct
October 29, 2017
TOKYO- Bank of Tokyo-Mitsubishi UFJ plans to cut the number of branches in Japan by 10 pct to 20 pct from the current some 480, informed sources said Sunday. In the past 10 years, the bank saw the number of
Fines on firms blocking FTC probes to be raised
October 28, 2017
Tokyo- The Japanese government is considering a law revision to raise fines on companies that block antitrust investigations by the Fair Trade Commission, Jiji Press learned Friday. An early draft of a bill to revise the antimonopoly law, drawn up
Subaru admits improper vehicle inspections for over 30 years
October 28, 2017
TOKYO- Subaru Corp. said Friday that unqualified workers engaged in final vehicle inspections at a domestic factory for over 30 years, dealing an additional blow to the Japanese manufacturing industry’s reputation for product quality. Subaru will recall about 255,000 vehicles
Niigata governor remains cautious about TEPCO N-Plant restart
October 27, 2017
Niigata Governor Ryuichi Yoneyama indicated on Friday that he remains cautious about a restart of Tokyo Electric Power Company Holdings Inc.’s Kashiwazaki-Kariwa nuclear power plant in the central Japan prefecture. Meeting at Yoneyama’s office in the city of Niigata, TEPCO
Nikkei tops 22,000 for 1st time in over 21 years
October 27, 2017
The benchmark Nikkei average surged on the Tokyo Stock Exchange Friday on the strength of brisk corporate earnings, surpassing the 22,000 threshold for the first time in almost 21 years and four months. The 225-issue Nikkei average gained 268.67 points,
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