Category Archives: economy

Expo’s Only Independent Vendor Becomes Big Success Story

Determined to seize the opportunity, Noguchi and his team even slept inside the Expo grounds rather than commute, allowing them to work around the clock and serve a relentless stream of eager visitors.

Before the Expo, Noguchi’s shop in Osaka’s Nakatsu district had already earned a reputation for premium tonkatsu. For the Expo, he elevated his craft into a full dining experience, aging pork to draw out its natural umami, coating it in ultra-light breadcrumbs, and frying each cutlet at low temperature before finishing it with a crisp, high-heat flash. The result is a melt-in-the-mouth dish that, as Noguchi notes, represents “the cutting edge of Japanese pork cuisine.”

Noguchi’s path to the Expo was far from easy. With approval granted only in late December, just two months before opening, he faced financing challenges as banks hesitated amid public skepticism about the event. Undeterred, he borrowed from friends to cover the 55 million yen needed for construction all out of his own pocket and completed the shop a mere week before opening day.

His motivation came from a childhood memory of attending the 1970 Osaka Expo, which left a deep impression. Later, a visit to Expo Milano revealed the potential for chefs to shine on the global stage, inspiring him to represent Japan at the next world fair. When Osaka was chosen as host, “there was no question I had to be part of it,” he recalled.

Since opening, Noguchi’s restaurant has been fully booked daily, and reservations have become difficult to secure. The team’s days begin at 6 a.m. with prep work, followed by four lunch seatings, take-out service, and three dinner seatings that run until 10 p.m., with cleanup and prep continuing past midnight.

Despite the grueling schedule, Noguchi describes the experience as “immensely enjoyable,” with visitors’ energy and enthusiasm fueling his passion. The hard work has paid off: sales have soared tenfold, reaching roughly 150 million yen in just six months.

Noguchi has also used the Expo as a platform for innovation, collaborating with local producers to create new menu items such as rice croquettes wrapped in pork sourced from nearby farms. He sees such projects as a way to promote Japanese agriculture and elevate tonkatsu to a global culinary art form. “This is Japan’s culture,” he said, “and I want to show it to the world.”

The Expo’s economic impact extends beyond its gates. At Bentencho Station, a key transfer point for visitors, a retro izakaya has seen its monthly revenue jump by as much as 50 percent. The influx of younger customers—particularly women—has been striking, with many choosing to dine there before entering the Expo grounds to avoid long food queues inside.

Although the owner expects business to return to normal once the event ends, he says the surge has been a welcome boost amid rising costs. “The Expo’s effect has been significant,” he said. “It’s brought in new customers and reminded people we’re part of the Expo experience too.”

As the Osaka-Kansai Expo approaches its final day, the story of Noguchi and his small team captures the spirit of entrepreneurship, determination, and creativity that global events can spark—proving that with enough passion and perseverance, even a single restaurant can become one of the stars of a world stage.
https://newsonjapan.com/article/147259.php

トマホークで民間攻撃せず 軍事限定とゼレンスキー氏

トマホークで民間攻撃せず 軍事限定とゼレンスキー氏

2025年10月13日 6:01(2025年10月13日 6:03 更新) [有料会員限定記事]

【ワシントン、キーウ共同】ウクライナのゼレンスキー大統領は12日、放送されたFOXニュースのインタビューで、米国がウクライナへの間接供与を検討している巡航ミサイル「トマホーク」について言及しました。

ゼレンスキー氏は、トマホークを使った攻撃はあくまで軍事施設などに限定し、民間施設や一般市民を攻撃することはないと強調しました。

この記事の全文は有料会員限定となっております。残りの本文(約431文字)については、7日間無料トライアル(一日37円で読み放題)または年払いプランでご覧いただけます。

https://www.nishinippon.co.jp/item/1410652/

13日閉幕の万博、分かれた恩恵 各地で参加国と交流の一方、誘客は大阪に集中

2025年10月13日 6:00
【有料会員限定記事】

### 大阪・関西万博の一般来場者数

158カ国・地域が参加した大阪・関西万博は、日本各地の自治体にとって、なじみの薄い国と交流するきっかけとなりました。新たな絆が次々と生まれ、万博を契機に観光客誘致や経済活性化につながることへの期待も高まっています。

▶ 【関連記事】大阪・関西万博、13日閉幕へ 来場者、半年で2500万人

※この記事は有料会員限定です。
残り1251文字を読むには、7日間無料トライアル(1日37円で読み放題)をご利用ください。年払いならさらにお得です。

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https://www.nishinippon.co.jp/item/1410624/

Bad bank loans climbed to nine-month high in August

Bad loans in the Philippine banking system climbed to a nine-month high in August. This rise comes as lenders, squeezed by narrower margins due to falling interest rates, may have turned to riskier retail borrowers in search of higher returns.

Latest data from the Bangko Sentral ng Pilipinas showed an increase in nonperforming loans (NPLs), which are defined as debts overdue by at least 90 days. This trend highlights growing concerns about credit quality amid changing market conditions.
https://business.inquirer.net/552316/bad-bank-loans-climbed-to-nine-month-high-in-august

SEC OKs Megawide’s P 3-B share offer

Megawide Construction Corp. has moved closer to raising nearly P3 billion from its upcoming preferred share offer after securing regulatory approval.

This development will enable the firm to strengthen its financial position as it expands its real estate unit.

In a statement released over the weekend, the Securities and Exchange Commission (SEC) announced that the commission en banc has given its approval for the offer.
https://business.inquirer.net/552315/sec-oks-megawides-p-3-b-share-offer

【万博の地方への影響】参加国と交流、各地で続々 誘客は「大阪独り勝ち」

万博の地方への影響:参加国と交流、各地で続々 誘客は「大阪独り勝ち」

2025年10月13日 1:03 更新 2025年10月13日 1:04

マダガスカルから来日した学生と茶道体験をする生徒(右)=7月、宮崎県えびの市(同市提供)

158カ国・地域が参加した大阪・関西万博は、日本各地の自治体がこれまでなじみの薄かった国々と交流するきっかけとなり、新たな絆が続々と生まれています。

万博を呼び水に、観光客誘致や経済活性化につなげたいとの期待も高まっていますが、一方で誘客では「大阪独り勝ち」の傾向も見受けられています。

(※この記事は有料会員限定です。残り1030文字。7日間の無料トライアルを実施中。1日あたり37円で読み放題。年払いならさらにお得。)

https://www.nishinippon.co.jp/item/1410644/

Presidency Confirms THE WHISTLER Report: Cardoso Replaces ‘Indisposed’ Edun At IMF Meeting

The presidency may have confirmed THE WHISTLER’s earlier exclusive report on the health status of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, following the announcement that the Central Bank Governor, Mr. Olayemi Cardoso, will lead Nigeria’s delegation to the 2025 World Bank and International Monetary Fund (IMF) Annual Meetings in Washington, DC.

Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, revealed on Sunday that Cardoso will serve as the alternate governor for Nigeria and head the country’s delegation to the meetings, which open on Monday, October 13.

“Mr. Olayemi Cardoso, the Governor of the Central Bank, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC, which opens on Monday, October 13,” the State House press release stated.

The presidency confirmed that Minister Edun is currently indisposed, and Mr. Cardoso would represent Nigeria on his behalf. Also included in the delegation is the Minister of State for Finance, Doris Uzoka-Anite.

According to the World Bank, key highlights of the Annual Meetings include the Development Committee Plenary session on October 16 and the International Monetary and Financial Committee meetings on October 17. Other events will feature regional briefings, press conferences, and forums focused on international development, the global economy, and financial markets.

This development comes just days after THE WHISTLER exclusively reported that President Bola Tinubu was considering appointing a new finance minister due to Edun’s deteriorating health condition. Our report indicated that the minister, who has been battling undisclosed health challenges for several weeks, was expected to be flown abroad for treatment.

We also reported that his temporary absence had prompted consultations within the presidency about an interim arrangement to ensure policy continuity.

“The president holds Edun in very high regard. His health challenge is unfortunate, but the government must continue to function. The priority now is his full recovery,” a senior government official told THE WHISTLER.

Appointed in August 2023, Edun has led the Tinubu administration’s economic management team and steered fiscal reforms aimed at stabilizing the economy.
https://thewhistler.ng/presidency-confirms-the-whistler-report-cardoso-replaces-indisposed-edun-at-imf-meeting/

Why India’s largest oil producer has lower mcap than Zomato

**Why India’s Largest Oil Producer Has a Lower Market Cap Than Zomato**
*By Dwaipayan Roy | Oct 12, 2025, 06:21 PM*

**What’s the Story?**

Oil and Natural Gas Corporation (ONGC), India’s largest oil and gas producer, is perceived as undervalued by the market. Despite having a market capitalization of around ₹3.1 lakh crore, ONGC trails behind food delivery giant Zomato in terms of market value.

This discrepancy largely stems from the fact that ONGC’s stakes in subsidiaries and minority investments account for over a third of its total market capitalization, which the market has not fully priced in.

**Market Comparison: ONGC vs. Major Indian Companies**

Over the past 13 years, ONGC’s market capitalization has grown by only 26%. In contrast, other listed Indian companies have experienced phenomenal growth in valuations:

– **Reliance Industries**’ market cap surged from ₹2.43 lakh crore in July 2012 to ₹18.7 lakh crore today.
– **Tata Consultancy Services (TCS)** saw its market value rise from ₹2.42 lakh crore in July 2012 to ₹10.95 lakh crore now.

This stark contrast highlights the sluggish market growth of ONGC despite its dominant position in the oil and gas sector.

**Value of ONGC’s Portfolio: Stakes in Subsidiaries and Minority Investments**

ONGC holds significant stakes in several subsidiaries and other companies, yet the market has yet to fully appreciate these assets’ value:

– A **71.63% stake in Mangalore Refinery and Petrochemicals Limited (MRPL)**, valued at over ₹18,000 crore.
– A **54.9% stake in Hindustan Petroleum Corporation Ltd (HPCL)**, worth approximately ₹52,770 crore.

In addition, ONGC has minority stakes in:

– **Indian Oil Corporation** – 14.2%, valued at ₹31,000 crore
– **GAIL (India) Ltd** – 5%, worth about ₹5,900 crore

Combined, the total value of ONGC’s stakes in subsidiaries and minority investments exceeds ₹1.07 lakh crore — more than a third of its current market capitalization.

**Government Perspective: Addressing Market Perception**

Oil Minister Hardeep Singh Puri recently expressed concern over the market’s undervaluation of state-owned oil public sector undertakings (PSUs). He stated that despite these PSUs’ strong profitability and significant contribution to the economy, investors harbor a “perception bias” that suppresses their market value.

Minister Puri also highlighted that over the past six years, India’s three major oil marketing companies—Indian Oil, Bharat Petroleum, and Hindustan Petroleum—have collectively generated profits totaling ₹2.5 lakh crore.

**Conclusion**

While ONGC remains India’s largest oil producer with substantial assets and stakes in profitable subsidiaries, the market has yet to fully value its diversified portfolio. Addressing the perception bias around PSUs could unlock significant value for investors in the sector.
https://www.newsbytesapp.com/news/business/ongc-s-market-cap-growth-lags-behind-peers/story

Cancer treatment in India is about to become cheaper

**Cancer Treatment in India Set to Become Cheaper with New Nuclear Reactor**

*By Dwaipayan Roy | Oct 12, 2025, 05:20 PM*

The Department of Atomic Energy (DAE) is planning to build a dedicated nuclear reactor in Visakhapatnam aimed at producing medical isotopes primarily for cancer treatment. This significant initiative is designed to boost India’s self-sufficiency in radioisotope production and make cancer treatment more affordable for patients across the country.

A senior official from the Bhabha Atomic Research Centre (BARC) confirmed that the project is underway and is expected to take four to five years to complete under a Public-Private Partnership (PPP) model.

**Dual-Purpose Reactor to Serve Domestic and Export Markets**

The proposed reactor in Visakhapatnam will fulfill domestic demands for medical isotopes and also have the capacity to cater to international markets through exports. The project has already received government approval, with funding currently awaited.

Under this PPP initiative, private players are expected to invest and become stakeholders, gaining the rights to sell produced radioisotopes. This collaboration aims to accelerate production and distribution while encouraging innovation in the nuclear medicine sector.

**Current Supply Scenario and Challenges**

At present, India lacks a dedicated reactor exclusively for isotope production. Existing nuclear reactors used in medical treatments also conduct physics and radiation experiments, which limits their capacity to focus on isotope generation.

BARC currently supplies approximately two lakh units of nuclear materials annually to medical institutions nationwide for diagnostics and treatment of diseases such as cancer. Major hospitals like Tata Memorial Centre handle about 10% of the total patient load, while around 370 other hospitals collectively manage nearly 60%.

**Reducing Dependence on Imports**

The new reactor is expected to significantly reduce India’s dependence on imported radioisotopes from Europe, Australia, and other Asian countries. Achieving self-sufficiency in isotope production will not only lower treatment costs but also strengthen India’s position as a key player in the global nuclear medicine market.

Radioisotopes produced by the reactor have wide-ranging applications, from medical imaging and cancer treatment to various industrial uses, such as detecting flow malfunctions and ensuring process efficiency.

With this new infrastructure, India moves closer to providing affordable, accessible cancer treatment while expanding its footprint in the rapidly growing nuclear medicine industry.
https://www.newsbytesapp.com/news/india/india-to-get-dedicated-nuclear-reactor-for-cancer-treatment/story

Ashwini Vaishnaw reviews facilities at newly built Yatri Suvidha Kendra in Delhi

The state-of-the-art Yatri Suvidha Kendra, designed to accommodate around 7,000 passengers simultaneously, aims to improve pre-boarding comfort and passenger flow, especially during the festive season when travel volumes surge.

Speaking at the inspection, Minister Ashwini Vaishnaw said, “The newly developed Yatri Suvidha Kendra will provide great comfort to passengers during the festival season, as there is a surge in passenger volume. Similar facilities will be developed at other stations across the country.”

The Yatri Suvidha Kendra has been thoughtfully divided into three dedicated zones: Pre-Ticketing, Ticketing, and Post-Ticketing, covering a total area of over 5,200 square metres. The design aims to decongest entry points and streamline passenger movement.

### Modern Facilities and Passenger Amenities

The Kendra is equipped with a range of modern infrastructure and passenger-centric amenities, including:

– **Ticketing Facilities:** 22 ticket counters and 25 Automatic Ticket Vending Machines (ATVMs).
– **Comfort & Capacity:** Seating for 200 passengers and 18 High Volume Low Speed (HVLS) fans for effective cooling.
– **Sanitation & Water:** A 652 sq. m. toilet block and an RO-based drinking water system.
– **Information Systems:** 24 speakers for announcements, three LED train information displays, and seven fire-fighting units.
– **Security Measures:** 18 CCTV cameras, five luggage scanners, and five Door Frame Metal Detectors (DFMDs).

The Northern Railway undertook the project while overcoming multiple structural and logistical challenges, including relocating ATMs, police cabins, hoardings, and essential utilities such as water lines and optical fibre cables—all without disrupting ongoing station operations.

Additionally, the extension of Foot Over Bridge 1 (FOB 1) was completed alongside the project. This extension enables smoother passenger movement from platforms directly toward the Metro Station, significantly enhancing last-mile connectivity.

Minister Vaishnaw was accompanied by Railway Board Chairman and CEO Satish Kumar, Northern Railway General Manager Ashok Kumar Verma, and other senior officials during the inspection. They briefed the minister on the project’s execution and features.

The development of the Yatri Suvidha Kendra underscores the Railways Ministry’s commitment to modernising passenger infrastructure and ensuring world-class facilities for millions of daily commuters across India.
https://www.mid-day.com/news/india-news/article/ashwini-vaishnaw-inspects-new-state-of-the-art-yatri-suvidha-kendra-at-new-delhi-railway-station-23598353