The Daily Manila Shimbun

 

Philippine peso declines but stays above P54:$1

October 18, 2018

The Philippine peso closed at P53.965 against the US dollar from P53.89 while the Philippine Stock Exchange index closed 41.57 points higher to 7, 141.25 as it returned to a key mark. In the broader market, there were 92 gainers, 85

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Favored firms got P86b in income tax perks, declared P142b in dividends in 2015: DOF

October 18, 2018

The Department of Finance (DOF) said in 2015 , the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8 billion combined in dividends to their respective shareholders, a statement from the department said Thursday. Finance

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U.S. Court Cancels Halt to Fujifilm’s Acquisition of Xerox

October 17, 2018

Tokyo- A New York state appellate court has canceled an order to halt Fujifilm Holdings Corp.’s acquisition of U.S. printer and copier maker Xerox Corp., Fujifilm officials said Wednesday. In January, Fujifilm announced an agreement to integrate subsidiary Fuji Xerox

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Toshiba to Set Up New Lithium-ion Battery Plant

October 17, 2018

Tokyo- Toshiba Corp. will set up a new plant in its business complex in the city of Yokohama, Kanagawa Prefecture, south of Tokyo, in an effort to boost production of lithium-ion secondary batteries. According to a statement released on Tuesday,

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PCC fines Grab and Uber P16 million for violating provisions during review of merger

October 17, 2018

The Philippine Competition Commission ( PCC) fined a total of P16 million on Grab Philippines and Uber for violating provisions of the Interim Measures Order (IMO) during a merger review period. “The IMO is a mechanism that protects the integrity

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DBCC cuts growth target for 2018

October 16, 2018

President Rodrigo Duterte’s economic team slashed on Tuesday the growth target for this year to reflect developments at the national and global level. Emerging from the 174th meeting of the Development Budget Coordination Committee at the Department of Finance, Budget

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Peso improves to P53.96 against US dollar

October 16, 2018

The Philippine peso rallied to P53.96 against the US dollar on Tuesday, a gain of eight centavos from the previous day. The local stock index gained slightly but remained short of retaking the key 7,000 point level on Tuesday. The

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EXCLUSIVE: NHK-Related Domain Put Up for Auction

October 16, 2018

Tokyo- The domain for a now-defunct official website of an organization related to Japan Broadcasting Corp., or NHK, has been put up for auction, Jiji Press learned Monday. The domain, nhk-grp.jp, was used for the online portal, NHK Group Net,

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