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Mitsubishi UFJ Financial Group Inc. on Monday launched a pilot program that gives e-cash to employees who reduce their overtime hours. The project involves group company Kabu.com Securities Co. The firm started offering the reward as part of its effort to encourage workers to stay in good health. The virtual ...

Honda Motor Co. plans to build a new factory in China that will produce passenger cars from 2019, boosting its output capacity in the country by about a fifth, two people familiar with the matter said on Tuesday. Honda and partner Dongfeng Motor Group Co. are experiencing explosive growth in ...

Kyushu Railway Co. shares have climbed in the gray market before the company’s debut next week, people familiar with the matter said. The rail operator changed hands at ¥2,800 and ¥2,850 a share on Tuesday, a gain of as much as 9.6 percent compared with its initial public offering price ...

Japanese financial institutions with huge government bond holdings face large appraisal losses if yields rise, a Finance Ministry estimate showed Monday. If yields of outstanding bonds climb 1 percent across the board, the value of outstanding government bonds would drop by an estimated ¥67 trillion, or 13.5 percent of nominal ...

Government to start construction of three schools Government plans to initiate the construction of three primary schools in the coming year — one in St Paul’s Bay, one in Marsascala and the other in Rabat, Gozo. Educational use of tablets in every Year 4 class in all primary schools has ...

Social InclusionHousing SectorThrough the assistance of European funds, the Housing Authority will begin, during the last quarter of 2017, a series of works to install lifts and upgrade government social housing. This process is expected to be concluded over a period of six years. The maintenance of communal areas and ...

Primary CareFor the purposes of expanding primary care, the government will be launching a regional healthcare hub in Paola on the site where Pace Grasso currently sits today. It was also announced that the government will be revamping a number of existing healthcare centres around Malta. A new project will ...

PensionsFor the second consecutive year, the government will be increasing the pension. As from next January, pensioners will receive an increase of €4 each week or €208 each year. This increase will also be subject to the pro-rata. Persons 61 years or older will not be paying income tax on ...

Cost-of-living AdjustmentThe cost-of-living compensation will be increased by €1.75 each week. This increase will be given to every employee including pensioners and all those who live on social benefits. As for students, the stipends will be increased on a pro-rata basis.Fiscal measuresThe government intends to remove the eco-contribution tax on ...

RevenueDuring the first eight months of 2016, recurrent revenue increased by €100.2 million and reached a total of €2,322.6 million. The share of government revenue from taxes stood at its highest for the past four years, at 91.2 per cent of total recurrent revenue. Revenue from taxes increased by €200.5 ...