The Daily Manila Shimbun

 

Don Quijote Interested in Seiyu Acquisition: Pres. Ohara

August 14, 2018

Tokyo- Koji Ohara, president of discount store operator Don Quijote Holdings Co. on Monday indicated that the company will positively consider acquiring Japanese supermarket chain Seiyu G.K., a unit of U.S. retail giant Walmart Inc. Walmart is reportedly mulling the

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3 Japan Entities to Invest in U.K. Offshore Wind Power Biz

August 14, 2018

Tokyo- Electric Power Development Co. or J-Power, and Kansai Electric Power Co. said Monday that they will join a large wind power plant project being undertaken off Britain by major German power firm Innogy SE. The two Japanese firms, as

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Investment in Precious Metals Increasingly Common in Japan

August 13, 2018

Tokyo- Investment in gold and other precious metals is increasingly common in Japan, with some using them as safe-haven assets or to hedge risks. Precious metals are assets that are valuable in themselves and different from shares in companies that

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Pay Cut for Mitsubishi UFJ Morgan Stanley Execs over Ex-Worker’s Wrongdoing

August 13, 2018

Tokyo- Mitsubishi UFJ Morgan Stanley Securities Co. said Monday that five of its executives will voluntarily have their pay cut to clarify responsibility for the manipulation of Japanese government bond futures prices in August last year by a then employee.

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Stock index down by at least two percent

August 13, 2018

Philippine stocks fell on Monday, as the main share index shed more than two percent. The peso declined to P53.37 against the US dollar from P53.135. Volume reached $786.4 million from Friday’s $664.3 million. The Philippine Stock Exchange index finished

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INTERVIEW: Ex-Chairman Rules out Financial Aid to Otsuka Kagu

August 13, 2018

Tokyo- Katsuhisa Otsuka, the founder and former chairman of Otsuka Kagu Ltd. has rejected the possibility of giving financial support to the struggling Japanese furniture retailer. “That will never happen,” Otsuka said when asked about possible financial assistance to his

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Otsuka Kagu in Tie-Up Talks with Taiwanese Group

August 13, 2018

Tokyo- Struggling Japanese furniture retailer Otsuka Kagu Ltd. is negotiating a tie-up with Taiwan’s Abico Group in hopes of achieving a turnaround, informed sources have said. Otsuka Kagu aims to obtain financial and business assistance from a number of Taiwanese

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EXCLUSIVE: Shell Firms Created for Suruga Share-House Loans

August 12, 2018

Tokyo- Officials of Japanese regional lender Suruga Bank set up shell companies one after another to increase loans for share-house investments, Jiji Press has learned. The shell companies were created at the instruction of a then Suruga branch head after

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