Work-from-home will be new normal for many Ayala employees
The Ayala Group will continue to have up to 40 percent of its employees working from home, a top official said, as the new normal redefines the country’s oldest conglomerate.…
ADB lends $1.5B for PH fight vs COVID-19
The Asian Development Bank (ADB) has green-lighted a $1.5-billion quick-disbursing loan for the Philippines, its host-country, to aid in the fight against the COVID-19 disease. “The ADB’s COVID-19 active response…
Extended isolation of high-risk areas in PH rattles stocks
The local stock barometer ended the week in the doldrums as investors gauged the economic impact of the extended lockdown of high-risk areas in the country, including the National Capital…
BDO suffers 10% drop in Q1 net income to P8.8B
BDO Unibank, the country’s leading lender, saw a 10-percent year-on-year drop in first quarter net profit amounting to P8.8 billion, weighed down by trading and foreign exchange losses arising from…
DA to bankroll plans to convert ancestral lands for ‘rice-corn’ hybrid
The Department of Agriculture (DA) has thrown its support to listed AgriNurture Inc. (ANI) to develop “idle” lands of indigenous peoples (IPs) in order to boost the production of corn…
Gov’t assures consumers of enough food supply
The country’s agriculture chief has assured consumers that the extension of the lockdown in the country would not affect food supply, noting that current inventories of basic food items were…
Small business wage subsidy application deadline extended
The government has given micro, small and medium enterprises (MSMEs) more time or until May 8 to apply for their workers’ wage subsidies as the Social Security System (SSS) website,…
BSP warns of inflation spike due to supply chain disruptions
The pace of price increases of consumer goods and services will likely remain muted over the next few months due to weak local demand as well as the plunge in…
Streaming video, retailers escape pandemic pounding
The company logo and view of Netflix headquarters in Los Gatos, California (Image: AP/Marcio Jose Sanchez) NEW YORK—COVID-19 may have knocked US stocks into a bear market and pummeled the…
COVID-19 lockdown extension plus budget limits equals scramble for funds
The government is scrambling for more money to fund COVID-19 response amid uncertainty when the pandemic will be contained, which was made worse by budget constraints that persist despite the…