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Rent prices in the Phoenix medical office building market are on the rise, increasing by 7.5% year over year. Rent also increased 3.3% in the first quarter ....
A financial data screen in Tokyo shows the U.S. dollar hitting the 144 yen level on Sept. 7, 2022. (Kyodo) TOKYO - The yen weakened to the 144 zone against the United States dollar on Wednesday, hitting a new 24-year low, as investors continued to sell the Japanese currency in anticipation of higher interest rates in the US. Tokyo stocks fell in the morning as investors grew concerned over a slowdown in the world's largest economy and the global economy as a result of the US Federal Reserve's monetary tightening. The 225-issue Nikkei Stock Average fell 263.68 points, or 0.95 percent, from Tuesday to 27,362.83. The broader Topix index was down 14.79 points, or 0.77 percent, at 1,911.79. On the top-tier Prime Market, decliners were led by mining, marine transportation, and electric appliance issues. The Japanese currency remained weak after breaching the 143 line in New York overnight as stronger-than-expected US non-manufacturing data from the Institute for Supply Management inc ....
RENEWABLE ENERGY. The new administration bats to increase the share of renewable energy on the country's generation mix to take advantage of available resources around the country. President Ferdinand Marcos Jr. said RE will be a big boost towards providing households with cheaper electricity. (PNA file photo by Avito Dalan) MANILA - The renewable energy (RE) is expected to get a boost under the Marcos administration as it aims to tap available resources to ensure additional supply to benefit more households. Citing the importance of providing low-cost power supply, President Ferdinand "Bongbong" Marcos Jr. previously highlighted the need for sufficient energy supply to allow even local investors to be at par with their counterparts around the world. "We have to break our dependence on imported crude oil for our households and industries to enjoy low-cost and uninterrupted power supply kasi hindi lang foreign investors, kundi pati mga negosyante natin. Dapat mas mura ....