The Daily Manila Shimbun

 

Central bank raises policy rates by .50 percentage points

August 9, 2018

The Bangko Sentral of the Philippines ( BSP) said Thursday policy rates were raised by .50 percentage points, the third time the monetary authority did so to combat inflation. BSP Governor Nestor Espenilla said in a televised press conference that

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Japan’s Pioneer in Talks with Firms to Seek Tie-Up

August 9, 2018

Tokyo- Struggling Japanese car electronics maker Pioneer Corp. said Thursday that it is in talks with companies including automotive parts maker Calsonic Kansei Corp. to seek a tie-up. Pioneer made the comment after media reports said it has approached Calsonic

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Beleaguered Otsuka Kagu Faces Deeper Uncertainty

August 9, 2018

Tokyo- Uncertainty has deepened over Japan’s Otsuka Kagu Ltd. as electronics retailer Yodobashi Camera Co. decided not to support the reconstruction of the beleaguered furniture seller. Otsuka Kagu, whose sales have dropped amid a feud in the founding family, is

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Japan June Core Machinery Orders Down 8.8 Pct

August 9, 2018

Tokyo- Japan’s seasonally adjusted core machinery orders in June fell 8.8 pct from the previous month, the Cabinet Office said Thursday. Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending,

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Mazda, Saudi Aramco to Jointly Study Emissions Reductions

August 9, 2018

Tokyo- Mazda Motor Corp. said Wednesday that it will start joint research with Saudi Arabian Oil Co., or Saudi Aramco, on reducing vehicle carbon dioxide emissions. The project will also be joined by Japan’s National Institute of Advanced Industrial Science

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Philippine economy grew 6% in second quarter

August 9, 2018

The Philippine economy slowed down to 6 percent in the second quarter from a revised 6.6 percent in the first quarter, the Philippine Statistics Authority (PSA) said Thursday. Socioeconomic Planning Secretary Ernesto Pernia said the lower growth was due to policy

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Diokno: “We are miles away from federalism”

August 8, 2018

Budget Secretary Benjamin Diokno expressed reservation on the draft new constitution prepared by the consultative committee that would pave the way for a shift to a federal form of government. Diokno is President Rodrigo Duterte’s third economic manager who expressed

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Stock index up 1.6%, peso at P53.07:$1

August 8, 2018

The Philippine Stock Exchange regained the previous day’s losses as the main index ended 1.6 percent higher on Wednesday. The Philippine Stock Exchange index finished at 7,851.46 as the market awaited the policy-setting meeting of the Monetary Board on Thursday.

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