London think tank: PH economy to shrink 4 percent in 2020
London-based Capital Economics on Thursday (April 16) said the Philippine government’s projections of flat growth or, in the worst case, contraction of as much as 1 percent in 2020 was…
Diokno delivers early on promised rate cuts as COVID-19 accelerates BSP timetable
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Thursday (April 16) cut key interest rate by half a percentage point — five weeks earlier than the next scheduled meeting…
COVID-19 uncertainty: Gov’t in search of more funds to keep helping poor, keep economy breathing
The government is on the lookout for more funds to sustain help to vulnerable sectors and keep the economy from total collapse as uncertainty lingers over the COVID-19 pandemic. Budget…
IMF revises growth rate for Singapore and Asean’s top economies downwards to -1.3% due to coronavirus disruption
A cleaner wearing a protective face shield cleans up the street in Medan, North Sumatra, Indonesia, on April 15, 2020. PHOTO: EPA-EFE via The Straits Times/Asia News Network WASHINGTON —…
More PPEs for PH medical workers
Plane full of PPEs: Boeing-777 chartered by San Miguel Corp. to ship 40,000 sets of PPEs from China Seeking to fortify the country’s medical front-liners in the global war against…
Phinma sets P25M COVID-19 relief program
Phinma CEO Ramon V. Del Rosario Jr. poses beside a portrait of his father, Ramon Sr., considered one of the fathers of Philippine industry. Business house Phinma has mobilized at…
SEC to empower minority shareholders to call for meetings, set agenda
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) is drafting new rules that seek to empower minority shareholders of publicly-listed companies to call for special meetings…
Jollibee launches US, Canada delivery business
Jollibee’s debut in Manhattan back in 2018 —Contributed photo Fast-food giant Jollibee has launched its food delivery business in the US and Canada via tech platform DoorDash, timely catering to…
Private sector’s support ‘not sustainable’
While the private sector wants to help government survive the health crisis brought about by the COVID-19 pandemic, overdependence on it could only result in “false hopes,” especially since many…
Wave of loan restructurings seen
Philippine banks are seen mostly willing to restructure, but not condone, debt incurred by businesses that are now under distress due to the COVID-19 pandemic. During a recent Management Association…