The Daily Manila Shimbun

 

Philippines, Japan sign P4.37b supplemental loan pact for Bohol airport expansion

October 8, 2018

The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have signed a supplemental agreement extending a 4.376-billion yen loan to the Philippines to help fund the second phase of the New Bohol Airport project, which would cover expansion of

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End-September gross international reserves settle at $75.16 billion

October 5, 2018

Preliminary data showed gross international reserves (GIR) level as of end-September was lower at $75.16 billion from end-August level of $77.93 billion, Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Diwa Guinigundo announced Friday. At this level, the GIR is equivalent to

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IMF Urges Japan to Raise Consumption Tax as Planned

October 5, 2018

Tokyo- International Monetary Fund Managing Director Christine Lagarde called on Japan Thursday to raise the consumption tax rate from 8 pct to 10 pct in October next year as planned in preparation for a further increase in the country’s social

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Peso ends at P54.23:$1, up by nine centavos from Thursday

October 5, 2018

The Philippine peso closed at P54.23 against the US dollar on Friday, up by nine centavos from the previous day’s close. The peso initially slumped to P54.33 as the September inflation rate came in 6.7 percent, which was higher than

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BSP sees inflation settling above three percent for 2018-19

October 5, 2018

The Bangko Sentral ng Pilipinas (BSP) said latest forecasts show inflation settling above 3 percent, plus and minus one percentage point for 2018-19. The BSP issued this statement on Friday after the Philippine Statistics Authority (PSA) said September inflation came

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INTERVIEW: Lawson Bank Eyes Cutting Retailers’ Cashless Settlement Fees

October 5, 2018

Tokyo- Lawson Bank plans to introduce by March 2020 a cashless settlement system that will allow retailers to substantially cut commission fee payments to credit card firms, Masashi Yamashita, president of the bank, said in a recent interview with Jiji

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AI-Based Housing Loan Screening Spreading in Japan

October 5, 2018

Tokyo- A move to speed up the process of screening housing loans by using artificial intelligence technology is spreading in the Japanese banking industry. On Monday, MUFG Bank, a unit of Mitsubishi UFJ Financial Group Inc. started a service in

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Mizuho to Suspend ATMs during 3-Day Holiday

October 5, 2018

Tokyo- Mizuho Bank will suspend automated teller machine services in Japan during the upcoming three-day holiday weekend due to work on transferring customer data in line with a computer system upgrade. The suspension will start at midnight Friday (3 p.m.

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