The Daily Manila Shimbun

 

Stocks end lower

June 20, 2018

Stocks closed on lower on Wednesday, as the Philippine Stock Exchange index finished less than one percent lower. The index closed at 7,261.62, down 50.99. In the broader market, there were 103 decliners, 92 gainers and 45 shares unchanged. Wealth

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BOJ Policymaker Opposed Deletion of Projection for 2 Pct Inflation

June 20, 2018

Tokyo- A Bank of Japan policymaker was negative about the removal of a projection for when inflation would reach the central bank’s 2 pct target, from a quarterly report, minutes of the bank’s April policy meeting showed on Wednesday. The

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Monetary Board raises reverse repo rate to boost peso

June 20, 2018

The Monetary Board, policy-making body of the Bangko Sentral ng Pilipinas (BSP), raised the reverse repurchase rate by 25 basis points to 3.5 percent effective Thursday, June 21. Interest rates on overnight lending and deposit facilities were raised accordingly, the

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INTERVIEW: Seven Bank to Focus More on Cashless Services

June 20, 2018

Tokyo- Seven Bank plans to beef up smartphone-based payment and overseas remittance services, Yasuaki Funatake, president of the Japanese bank, said in a recent interview. The bank will go beyond its initial focus on collecting fees on the use of

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FSA to Punish Major Crypto Exchange Operators

June 20, 2018

Tokyo- The Financial Services Agency is seen issuing business improvement orders this week to at least five of the 16 cryptocurrency exchange operators registered in Japan, including industry leader bitFlyer Inc., it was learned Tuesday. The upcoming punitive action suggests

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Ex-Sony Pres. Hirai Receives 2.7-B.-Yen Pay for FY 2017

June 20, 2018

Tokyo- Sony Corp. Chairman Kazuo Hirai, who stepped down as president and chief executive officer in April, received executive pay worth 2.7 billion yen for fiscal 2017, the company’s annual securities report showed Tuesday. This is the largest pay for

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Top Japanese banks back Philippine stand-alone “Samurai” bond float

June 20, 2018

Five of Japan’s leading financial institutions have given their full backing to the Philippines’ first stand-alone yen-denominated “Samurai” bonds issue set in the third quarter of this year, according to the Department of Finance (DOF) in a statement from Tokyo

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Osaka Hotels Hit by Reservation Cancellations after Quake

June 20, 2018

Osaka- Hotels in the western Japan city of Osaka have been hit by a flurry of cancellations of reservations, in the wake of a strong earthquake that struck on Monday and reflecting fears about aftershocks. Each on Monday and Tuesday,

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