The Daily Manila Shimbun

 

Stocks gain ahead of two-day holiday

October 30, 2017

Stocks closed higher on Monday ahead of a two-day holiday. The Philippine Stock Exchange index ended 69.31 points higher to 8,365.26. In the broader market, there were 96 gainers, 87 decliners and 58 issues unchanged. Volume reached 730 million shares

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PLDT investing nearly P7 billion in new Trans-Pacific cable system

October 30, 2017

PLDT Inc. said on Monday it is investing nearly P7 billion in a new Trans-Pacific cable system to boost  the resiliency of its undersea fiber links to the US and Japan. “We are investing in this new cable system in anticipation of

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Asian Development Bank supports Philippines in accelerating flagship infrastructure projects

October 30, 2017

The Asian Development Bank’s (ADB) board of directors has approved a $100 million loan for the Infrastructure Preparation and Innovation Facility, which will support the Philippine government in accelerating the delivery of high quality public infrastructure projects under its ambitious

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MICC to review mine operations every two years

October 30, 2017

Finance Secretary Carlos Dominguez III has lauded the interagency Mining Industry Coordinating Council (MICC) for starting the “fact-finding and science-based” review of mining operations across the country for the first time since the inception of this multi-sectoral oversight body five years

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Dominguez orders BOC, BIR to intensify anti-smuggling drive on 5 goods

October 29, 2017

Finance Secretary Carlos Dominguez III has ordered the Bureaus of Customs (BOC) and of Internal Revenue (BIR) to train their sights on the smuggling of rice and four other commodities as they iron out a plan to create a joint

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Bank of Tokyo-Mitsubishi to reduce branches by 10-20 pct

October 29, 2017

TOKYO- Bank of Tokyo-Mitsubishi UFJ plans to cut the number of branches in Japan by 10 pct to 20 pct from the current some 480, informed sources said Sunday. In the past 10 years, the bank saw the number of

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Fines on firms blocking FTC probes to be raised

October 28, 2017

Tokyo- The Japanese government is considering a law revision to raise fines on companies that block antitrust investigations by the Fair Trade Commission, Jiji Press learned Friday. An early draft of a bill to revise the antimonopoly law, drawn up

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Subaru admits improper vehicle inspections for over 30 years

October 28, 2017

TOKYO- Subaru Corp. said Friday that unqualified workers engaged in final vehicle inspections at a domestic factory for over 30 years, dealing an additional blow to the Japanese manufacturing industry’s reputation for product quality. Subaru will recall about 255,000 vehicles

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