The Daily Manila Shimbun

 

Inflation rose 6.7 percent in September, ninth straight month of increase

October 5, 2018

The Philippines’ annual headline inflation rose for the ninth straight month at 6.7 percent in September, the Philippine Statistics Authority ( PSA) said Friday. Inflation in the previous month was pegged at 6.4 percent and in September 2017, three percent.

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Toyota, Softbank to Jointly Develop New Mobility Services

October 4, 2018

Tokyo- Toyota Motor Corp. and Softbank Group Corp. said Thursday that they have agreed to form a strategic partnership and establish a joint venture for new mobility services including those using automated driving technology. This is the first time for

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KKR, Tencent invests $175m into Voyager Innovations

October 4, 2018

PLDT Inc. announced on Thursday the investment of global investment firm KKR ( Kohlberg Kravis Roberts) and China’s leading internet service provider Tencent Holdings Ltd. in Voyager Innovations Inc. for $175 million. Under the agreement, KKR and Tencent will separately

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Isuzu, Cummins Agree to Start Tie-Up Talks

October 4, 2018

Tokyo- Japanese automaker Isuzu Motors Ltd. said Thursday that it has agreed with U.S. engine maker Cummins Inc. to enter talks on forming a comprehensive partnership in power source business. The collaboration is expected to include joint development of environment-friendly

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Honda N-Box Remains Best-Selling Car in Japan in April-Sept.

October 4, 2018

Tokyo- Honda Motor Co.’s N-Box was the best-selling automobile in Japan in April-September, topping the fiscal first-half new car sales rankings for the second straight year, industry data showed Thursday. Its sales came to 117,100 units in the first six

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Honda, GM to Tie Up on Self-Driving Tech

October 4, 2018

New York- Major Japanese automaker Honda Motor Co. and U.S. industry leader General Motors Co. said Wednesday that they will jointly develop autonomous driving technology to win intensifying global competition. Under the tie-up deal, Honda will invest 750 million dollars

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Peso slumps to near 13-year low of P54.32 against US dollar

October 4, 2018

The Philippine peso closed to a near 13-year low of P54,32 against the US dollar after hitting an intraday low of P54.41 in morning trading on Thursday. The peso last hit these levels on Nov 24, 2005 when it closed

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Philippine economy to remain strong despite global uncertainty, inflation

October 4, 2018

Despite rising global uncertainty and inflationary pressures, the Philippine economy is poised to remain strong and is projected to grow at 6.5 percent in 2018, 6.7 percent in 2019, and 6.6 percent in 2020, according to the Philippines Economic Update (PEU) released

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