Korean shipbuilders nervous as oil prices turn negative
(Yonhap) via The Korea Herald SEOUL — Jitters are being felt among Korean shipbuilders as the price of US oil turned negative for the first time in history this week,…
Negative oil futures price reflects shock of COVID-19 pandemic
A line handler helps dock the oil tanker, Texas Voyager, as it pulls into its mooring to offload its crude oil at Port Everglades in Fort Lauderdale, Florida,on April 21,…
Pogo exec donates thousands of COVID-19 test kits, PPE sets, says more coming
Online gaming executive Kim Wong has donated thousands of COVID-19 rapid test kits and personal protective gear to build up government supplies for frontline workers, promising more donations in the…
Outstanding IOUs’ value inched up to P5.5 trillion in March
Even as investors’ appetite for government securities weakened in mid-March as they held on to cash at the start of the enhanced community quarantine, the amount of debt papers sold…
DOF backs 2 state-run banks as lending conduits in post-coronavirus stimulus package
The Department of Finance (DOF) is supporting the pitch of state-run lenders Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to serve as the government’s…
BSP urges more Filipinos to shift to e-payments to slow coronavirus spread
The country’s top financial regulator wants more Filipinos to use electronic payments as a means of settling transactions especially during the Luzon-wide lockdown imposed by the government to combat the…
Germany’s Oktoberfest scrapped over coronavirus
No beer here — Bavaria’s legendary Oktoberfest is off this year due to coronavirus. Image: Christof STACHE – AFP/File Bavaria on Tuesday canceled the iconic Oktoberfest for the first time…
Chua: Coronavirus impact on businesses, consumers known by end-April
MANILA, Philippines — Data on how consumers and businesses have been affected by the coronavirus pandemic will be known by the end of April, said acting Socioeconomic Planning Secretary Karl…
3rd telco DITO scales down Luzon rollout due to COVID-19 lockdown
Telco startup DITO Telecommunity Corp. was forced to slow the rollout of network infrastructure in Metro Manila and Luzon after a lockdown was ordered to halt the spread of the…
More investment scams exposed | Inquirer Business
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has exposed four new illegal investment schemes, including those perpetrated by previously-flagged racketeers now masked by different names.…