Aug 13, 2016

Japan to fund $2.4 billion railway for congested Manila

Japan on Friday announced it is pouring $2.4 billion into a new railway aimed at easing Manila’s notorious gridlock. Japan, the Philippines’ top trading partner and source of aid, said the 38-kilometer (24-mile) elevated commuter line would connect Manila to nearby Bulacan province to ...

Jun 11, 2016

Japan mulling cut in minimum interest on 'zaito' fiscal loans

The Finance Ministry is considering cutting the minimum interest rate on its lending for infrastructure and other major projects under the zaito fiscal investment and loan program, according to officials. The move comes amid falling interest rates following the Bank of Japan’s introduction of ...

May 18, 2016

Sony invests in U.S. artificial intelligence venture

Sony Corp. said Wednesday it has invested in U.S. artificial intelligence startup Cogitai, aiming to develop new AI technologies and release products within the next three years. Sony is believed to have obtained a roughly 20 percent stake in the company that was founded ...