The Daily Manila Shimbun

 

Stocks index declines, peso gains

October 15, 2018

The local stock index lost ground due to selling in the last hour of trading on Monday, as it fell below 7,000 points. The peso, meanwhile, gained five centavos to end at P54.08 against the US dollar from Friday’s P54.13.

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DOF eyeing Catastrophe bonds, peso debt offers for offshore investors

October 14, 2018

The Department of Finance (DOF) is exploring a plan to sponsor a Catastrophe Bond (Cat Bond) to help cover disaster-related risks in the Philippines and a separate offer of peso-denominated securities to offshore investors. These proposals, along with a plan

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Daikin to Raise Retirement Age to 65

October 12, 2018

Osaka- Major Japanese air conditioner maker Daikin Industries Ltd. will raise the retirement age for its employees from 60 to 65 in April next year if the company obtains its labor union’s consent, company officials said Friday. Daikin thinks that

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Stock index recovers, peso improves to P54.13:$1

October 12, 2018

Philippine stocks recovered from a big two-day slide as the key index finished above the 7,000-point mark on Friday. The Philippine peso closed at P54.13 against the US dollar, five centavos higher than Thursday’s finish. Volume at the Bankers Association

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Subaru to Recall Vehicles Possibly Affected by Inspection Fraud

October 12, 2018

Tokyo- Subaru Corp. on Thursday informed the Japanese transport ministry that it will recall a total of 6,124 vehicles of nine models possibly affected by its vehicle inspection fraud, including in brake tests. The nine models, made in December 2017,

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FamilyMart Uny Holdings Mulling Sale of All Shares in Uny

October 11, 2018

Tokyo- Major Japanese retail group FamilyMart Uny Holdings Co. is considering selling all of its remaining shares in Uny Co. to Don Quijote Holdings Co., informed sources said Wednesday. By separating the sluggish supermarket business, FamilyMart Uny hopes to concentrate

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Stock index closes below 7,000 points

October 11, 2018

The Philippine Stock Exchange index on Thursday closed below the 7,000 mark, shedding off 116.76 points to finish at 6,884.38 points. The index fell by as much as 200 points before trading headed towards lunch break. In the broader market,

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Foreign portfolio investment transactions yield net outflows in September: BSP

October 11, 2018

Registered investments for  September amounted to $743 million, reflecting a 33.7 percent decrease from the $1.1 billion figure in August, the Bangko Sentral ng Pilipinas (BSP) said Thursday. Likewise, a 42.7 percent year-on-year decline was noted from the $1.3 billion level

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