BPO sector seen to help temper downturn
With the COVID-19 pandemic widely expected to cause a global recession, the Philippine business process outsourcing (BPO) sector can be part of the solution to counter the downturn in the…
Donated PPEs from overseas exempt from donor’s tax
Imported personal protective equipment (PPE) and other medical supplies to be used in the fight against the new coronavirus disease (COVID-19) will not only enjoy tax- and duty-free entry but…
In preparedness vs virus, vulnerable PH at bottom with India
The Philippines is near the bottom in terms of health care spending among 20 emerging markets ranked according to their preparedness vis-a-vis the new coronavirus disease (COVID-19), but the country’s…
Agri stakeholders in COVID-19 management
Agriculture stakeholders’ participation in the management of COVID-19 crisis is imperative. There are two critical areas that need urgent attention—medicine (to cure victims) and food (to survive). But there is…
Small businesses get moratorium on rentals
Micro, small and medium enterprises (MSMEs) will have a monthlong grace period from having to pay their commercial rent, as the government tries to ease the burden of the lockdown…
Aboitiz unit aborts plan to buy Vietnam wind power firm
Aboitiz Power Corp. has called off what would have been its first foray in the overseas renewable energy market through a $46-million acquisition of a firm behind a wind power…
United Airlines throws gloom over PAL, American Airlines alliance
Business rivalry never stops, even during a pandemic. Flag carrier Philippine Airlines’ (PAL) planned expansion in the lucrative United States market through a strategic alliance with American Airlines is under…
Speculators walk away amid dreary mood; PSEi down 1.22%
The local stock barometer faltered on Thursday as investors scrambled to pocket gains while foreign outflows escalated. The main-share Philippine Stock Exchange index (PSEi) gave up 66.21 points or 1.22…
Banks OK 30-day loan payment moratorium
The Bankers Association of the Philippines (BAP) has committed to enforce Republic Act No. 11469, or the Bayanihan to Heal As One Act, which, among others, mandates a nationwide 30-day…
World Bank to roll out $160-billion emergency aid over 15 months
World Bank President David Malpass. AFP file photo UNITED States — The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency…