BSP’s March dollar reserves up, boosting peso’s strength
MANILA, Philippines — The Philippines’ dollar reserves rose for the second month in a row despite the onset of the coronavirus crisis in March, thanks to the central bank’s foreign…
Asian shares rise on hopes for drug to treat coronavirus
TOKYO — Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to…
AEV’s Q1 net profit down by 42% on slower power business
Conglomerate Aboitiz Equity Ventures (AEV) posted a 42 percent drop in first quarter net profit to P2 billion mostly due to slower earnings from its flagship power business. AEV also…
Stocks charge higher on hopes for progress in fighting virus
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. A man wearing face mask walks past a bank…
Tax holiday pushed for medical front-liners in virus fight
Health-care workers on the front line of the fight against the coronavirus pandemic should be exempt from paying taxes for two months as a reward for their contributions, a lawmaker…
GSIS: Pension out starting May 5
A total of 511,000 retirees and pensioners of the Government Service Insurance System (GSIS) are scheduled to receive their cash benefit starting on Tuesday, May 5, three days earlier than…
Treasury to sell P170B in T-bills, bonds in May
The Bureau of the Treasury will sell P170 billion in T-bills and bonds in May, with longer tenors that are expected to entice domestic investors amid declining rates. The volume…
PSE adopts 3-tier circuit-breaker system
The PSE’s 3-tier circuit-breaker system takes effect on May 4, 2020. The Philippine Stock Exchange has tweaked its market-wide circuit breaker to install a three-tier system that automatically halts intra-day…
Cebu Air posted P1.18-B net loss in Q1
The operator of budget airline Cebu Pacific swung to a net loss in the first quarter of 2020 as the coronavirus disease (COVID-19) pandemic clipped the airline sector’s wings. Cebu…
PSEi gains 1.24% in thin trading
The local stock barometer firmed up for the second straight session on Wednesday, tracking mostly upbeat regional markets as some territories started to lift restrictions related to COVID-19 lockdowns. The…