The Daily Manila Shimbun

 

Subaru Sharply Lowers Earnings Forecasts for April-Sept.

October 24, 2018

Tokyo- Major Japanese automaker Subaru Corp. has sharply revised down its consolidated earnings forecasts for April-September, due mainly to costs related to product quality. Subaru now expects to post an operating profit of 61.0 billion yen, down 44.5 pct from

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J&J to Acquire Japanese Cosmetics Maker Ci:z Holdings

October 24, 2018

Tokyo- U.S. pharmaceutical and health products giant Johnson & Johnson said Tuesday it will acquire Japanese cosmetics maker Ci:z Holdings Co.  partly through a tender offer for some 230 billion yen. The Tokyo-based company is known for its Dr.Ci:Labo brand

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Stock index, peso ends lower

October 23, 2018

The Philippine Stock Exchange index lost ground in afternoon trading as it closed 38.54 points lower to 7,197.52 points on Tuesday. In the broader market, there were 120 decliners, 74 gainers and 40 shares unchanged. Volume amounted to 6.50 million

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IRC Properties awarded by Makati City hall to build and operate subway system

October 23, 2018

IRC Properties said they will proceed with a $3.7 billion Makati Intra-City Subway project after getting a notice of award from the Private Public Partnership Selection Committee of the Makati City government. In a disclosure to the Philippine Stock Exchange

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Japan, EU Agree to Work on Maintaining Free Trade

October 23, 2018

Tokyo- Japan and the European Union agreed on Monday to strengthen cooperation for maintaining and expanding free trade systems, at a time when protectionist moves are increasing in the world. At a ministerial meeting on economic, trade and industrial issues,

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Financial Overheating Risks Reach Postbubble Highs: BOJ

October 23, 2018

Tokyo- Overheating risks related to such financial activities as corporate and real estate loans in Japan have reached the highest levels since the collapse of the country’s bubble economy in the early 1990s, on the back of continuously low domestic

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PAL launching ferry service between Kalibo and Boracay end October

October 23, 2018

A wholly-owned subsidiary of Philippine Airlines ( PAL) has targetted the end of October to launch a ferry service between Kalibo and Boracay. “We decided to join — and revolutionize  – the inter-island ferry service business to complement local air

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Main share index gains, peso settles at P53.79:$1

October 22, 2018

The Philippine Stock Exchange index gained on Monday, finishing 84.64 points higher to 7,236.18 while the peso lost nine centavos to settle at P53.79 against the US dollar. In the broader market, there were 107 gainers, 63 decliners and 36

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