The Daily Manila Shimbun

 

Stocks lower, peso declines a day after 50 basis points rate hike

August 10, 2018

The main share index closed slightly lower on Friday, a day after monetary authorities raised policy rates by .50 percentage points. The peso closed at P53.135 against the US dollar from P53.09. Volume at the foreign exchange rate reached $664.3

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Lawson Bank to Start Operations on Oct. 15

August 10, 2018

Tokyo- Lawson Bank, a subsidiary of major Japanese convenience store chain Lawson Inc. said Friday it will start offering financial services on Oct. 15. The bank was granted a banking license by the Financial Services Agency the same day. It

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Japanese Ministry Inspects Yamato Unit on Overbilling

August 10, 2018

Tokyo- Japan’s transport ministry inspected a Yamato Holdings Co. subsidiary on Thursday over the company’s overcharging of fees on moving services for corporate customers. The ministry is considering the possibility of punishing Yamato Home Convenience Co. under the trucking business

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Casio to Automate Output of Low-End Watches

August 10, 2018

Tokyo- Casio Computer Co. said Thursday that it will in late August start automated production of low-priced watches at its plant in Yamagata Prefecture, northeastern Japan. The automation will halve production costs from the current level, the company said. To

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“Silver lining” to lift economy in third quarter: DOF bulletin

August 9, 2018

The Department of Finance (DOF) said Thursday despite gross domestic product slowing down to six percent for the second quarter from 6.6 percent in the previous quarter, there were factors which means the economy will bounce back in the third

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Stocks, peso slightly down after GDP announcement

August 9, 2018

Stocks went down on Thursday after the government announced that growth slowed down in the second quarter to six percent. The peso declined slightly to P53.09 against the US dollar from P53.07. Volume at the foreign exchange market reached $682.1

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PLDT second quarter net income down 58 percent

August 9, 2018

PLDT Inc. on Thursday said net income went down 58 percent in the second quarter. PLDT reported a net income of P4.88 billion in the second quarter, down by 58 percent  from P11.59 billion in the same period last year. From January to

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Dai-ichi Life to Buy Australian Life Insurance Biz

August 9, 2018

Tokyo- Japan’s Dai-ichi Life Holdings Inc. said Thursday that it has reached a basic agreement to buy major Australian insurer Suncorp Group Ltd.’s life insurance business. Dai-ichi Life hopes to sign a purchase contract by early September through a wholly

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