Stocks extend losses, oil trades below $20 on virus impact
A man walks by an electronic stock board of a securities firm in Tokyo, Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging…
DBM to directly remit gov’t share of workers’ GSIS fees starting April
Beginning April and amid the COVID-19 pandemic, the government’s 12-percent share in its personnel’s monthly Government Service Insurance System (GSIS) contributions will be directly remitted by the Department of Budget…
BREAKING: NGCP to donate P1-billion for COVID-19 response
MANILA, Philippines — The National Grid Corp. of the Philippines plans to donate P1 billion in goods and cash to support health workers who are in the frontline in the…
San Miguel readies P500M for purchase of PPEs for frontliners wherever supply’s available
The country’s largest conglomerate on Monday (March 30) said it will tap its global network of suppliers to procure personal protective equipment that it will donate to frontliners in the…
LGUs in need of loans for COVID-19 measures assured of online process convenience
The Department of Finance (DOF) has made it easier for local governments, tied up with COVID-19 quarantine enforcement, to borrow money. The DOF’s Bureau of Local Government Finance (BLGF) last…
Treasury rejects T-bill bids as rates go ‘over the roof’
Bid rates for T-bills went “over the roof”, prompting rejection by the Bureau of Treasury on Monday (March 30). The rate surge came as Luzon entered the third week of…
MRSGI nets P776M | Inquirer Business
Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI) posted P776 million in net profit last year, down by 19.7 percent, due to new accounting rules that hiked expense booking on…
Eagle Cement nets P6B | Inquirer Business
Eagle Ang family-led cement-maker Eagle Cement Corp. grew its net profit last year by 25 percent to P6 billion, citing robust private consumption that fuelled a double-digit expansion in sales…
Banking group seeks lower lending rates during, after COVID-19 crisis
The Bankers Association of the Philippines on Monday (March 30) told the country’s largest financial institutions to keep their lending rates as low as possible to help keep the economy…
Insurance regulator asks firms to take care of sales agents during COVID-19 quarantine
The Insurance Commission (IC) appealed to companies selling insurance in its many forms to look after their sales agents. In a circular issued by IC chief Dennis Funa last Friday…