The Daily Manila Shimbun

 

Itochu Makes FamilyMart Uny Subsidiary

August 17, 2018

Tokyo- Major Japanese trading house Itochu Corp. said Friday it made retailer FamilyMart Uny Holdings Co. a subsidiary through a month-long tender offer through the previous day. Itochu raised its stake in FamilyMart Uny to 50.1 pct from 41.5 pct,

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Stocks, peso end week higher

August 17, 2018

Philippine stocks bounced back on Friday, as the main share index closed nearly one percent higher. The Philippine peso rallied slightly to end at P53.425 against the US dollar from Thursday’s P53.44. Volume at the foreign exchange market reached $581.88

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PCC approves Robinsons Retail’s acquisition of Rustan’s grocery portfolio

August 17, 2018

The Philippine Competition Commission (PCC)  approved the acquisition by Robinsons Retail Holdings Inc. (Robinsons Retail) of shares in Rustan Supercenters Inc. (Rustan Supercenters), a statement said Friday. In a decision signed on August 16, the Mergers and Acquisitions Office (MAO)

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Stocks down slightly, peso ends a hit higher

August 16, 2018

Philippine stocks continued its downward trek, as the main index ended lower on Thursday. The peso gained slightly at the US dollar as it closed at P53.44, .03 centavos higher than the previous day. Volume at the foreign exchange market

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Corporate tax reform bill to provide incentives to well-performing schools, hospitals

August 16, 2018

Non-profit private schools and hospitals that perform well and adhere to high standards of  service will continue to enjoy the current low income tax rate of 10 percent under the proposed corporate income tax (CIT) reform bill pending in the House

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Stock index slightly up, peso declines to P53.47:$1

August 15, 2018

Philippine stocks closed with slight gains on Wednesday but the peso closed lower against the US dollar once more. The peso hit a low of P53.535 against the US dollar before ending at P53.47, eight centavos down from Tuesday. Volume

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Diokno says lawmakers see proposed 2019 budget too tight for an election year

August 15, 2018

Some lawmakers have found the proposed 2019 budget too tight for an election year amid the opposition by the House of Representatives to a cash-based budgeting scheme, the Department of Budget and Management said on Wednesday. In his regular forum,

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Total Value of BOJ Assets Tops Japan’s GDP for 1st Time

August 15, 2018

Tokyo- The total value of Bank of Japan-owned assets, mainly Japanese government bonds, has exceeded the country’s annual nominal gross domestic product for the first time ever, a BOJ report showed on Tuesday. BOJ assets totaled some 548.94 trillion yen

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