Mazda Production and Sales Results for December 2021 and for January through December 2021

HIROSHIMA, Japan, Jan 28, 2022 – (JCN Newswire via – Mazda Motor Corporation’s production and sales results for December 2021 and for January through December 2021 are summarized below. I. Production 1. Domestic Production (1) December 2021Mazda’s domestic production volume in December 2021 decreased 0.5% year on year due to decreased production of passenger […]

More hot money enters Philippines

By Luz Wendy T. Noble, Reporter  More foreign portfolio investments entered the Philippines than they left in November, amid improving economic conditions that boosted investor sentiment, according to the central bank.  So-called hot money posted a net inflow of $109.56 million last month, 52% lower than a year earlier, based on Bangko Sentral ng Pilipinas (BSP) data released on Friday. But it was a turnaround from […]

Duterte vetoes three budget items

President Rodrigo R. Duterte has vetoed three minor items in the 2022 budget without funding, according to the Budget department.  “The vetoed items were not crucial,” Budget officer-in-charge Tina Rose Marie L. Canda told an online news briefing on Friday in Filipino.  Among the vetoed items is the application of the Agrarian Reform law to state universities and colleges and a program on gender-aware restrooms under the Transportation department, she said.  Mr. Duterte on […]

Emerging markets seen rising in 2022

EMERGING-MARKET assets are set to rise in 2022 as moderating inflation and accelerating growth trigger gains, but it won’t happen until the second half of the year. That’s the consensus among investors like Goldman Sachs Group, Inc., Morgan Stanley and JPMorgan Chase & Co. who spoke with Bloomberg on the outlook for developing-nation stocks, bonds […]

Budget deficit widens in November

By Jenina P. Ibañez, Senior Reporter   The budget deficit widened in November as health and public works agencies continue to ramp up spending amid the coronavirus pandemic, the Bureau of the Treasury (BTr) reported. Preliminary data from the BTr on Friday showed the fiscal gap stood at P128.7 billion in November, inching up 0.33% from […]

Mitsubishi UFJ targets Asia unicorns with debt-finance fund

Mitsubishi UFJ Financial Group Inc. is preparing to launch a fund that provides debt financing to Asian startups in an effort to win investment-banking business through subsequent initial public offerings.   Japan’s largest lender will start a $300 million fund early next year after upsizing its first joint-venture fund earlier this year, Chief Executive Officer Hironori Kamezawa said […]

BSP may start hiking cycle next year

By Jenina P. Ibañez, Senior Reporter  INVESTOR pressures would likely challenge the Philippine central bank’s accommodative stance next year amid monetary tightening by its counterparts across the globe, Fitch Solutions Country Risk & Research said.  In a report, Fitch Solutions on Friday said it expects the US Federal Reserve to raise key interest rates by 50 basis points next year, potentially putting pressure on the Philippines to follow suit.  “This […]

PHL outbound investment decline largest in Asia-Pacific

PHILIPPINE OUTBOUND investment in greenfield projects declined at a pace outstripping those of other Asia-Pacific economies in the first nine months, the United Nations said in a report. The Asia-Pacific Trade and Investment Trends 2021/2022 report released Wednesday said outbound greenfield investment in the region has been falling since 2018. In the report, the United […]

All-New Outlander PHEV Model Wins Technology Car of the Year in 2021-2022 Car of the Year Japan Awards

TOKYO, Dec 13, 2021 – (JCN Newswire via – Mitsubishi Motors Corporation today announced that the plug-in hybrid electric vehicle (PHEV) model of the all-new Outlander crossover SUV won the Technology Car of the Year in the 2021-2022 Car of the Year Japan(1) awarded to car with innovative technologies for eco-friendliness and safety. All-new […]

Ev Dynamics Announces Robust Sales Performance and Business Growth Progress

HONG KONG, Dec 1, 2021 – (ACN Newswire via – Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, is delighted to announce the robust sales performance and business growth progress attained this year […]