S. Korea braces for prolonged COVID-19 economic fallout
Finance Minister Hong Nam-ki speaks at a meeting with officials in central Seoul on Monday. Yonhap via The Korea Herald SEOUL — South Korea’s government on Monday vowed to announce…
Low April inflation to give BSP more room to deploy economic boosters
The central bank expects the country’s inflation rate for April — due to be announced by the government on Tuesday (May 5) morning — to remain low and give the…
‘The only game in town’: P24B in T-bills sold as rates pulled down by low inflation, oil prices
Lower global oil prices and prospects of slower inflation in April pulled T-bill rates down, allowing the Bureau of the Treasury to sell P24 billion or P4-billion more than its…
Hyundai, Kia to resume US factory operations this week
(Yonhap) via The Korea Herald SEOUL — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday their US plants will resume operations this week after taking thorough quarantine…
Extending hospitals’ capacities through internet-powered Emergency Quarantine Facilities
The world is battling a crisis. Health workers in the frontlines are restless. Healthcare facilities are overwhelmed and have insufficient capability to cater to the increasing number of COVID-19 patients.…
Fruitas reopens food park in Quezon City
Le Village food park before the ECQ imposition Leading kiosk operator Fruitas Holdings Inc. has reopened its Le Village Lifestyle Food Park along E. Rodriguez Sr. Avenue in Quezon City…
ECQ ‘took us by surprise,’ says startup insurance firm in reset of product launch
Start-up Singapore Life Philippines Inc. (Singlife PH) has pushed back the launch of its mostly digital insurance offerings by June or July, no thanks to the COVID-19 pandemic. Rien Hermands,…
Markets drop in Asia on rising China-US tensions over virus
BANGKOK — Shares skidded in Asia on Monday as investors eyed rising tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic. A man…
COVID-19 pandemic leads some firms to rethink China exposure, turn sights on Southeast Asia
Vietnam has been assessed to have handled the pandemic well. PHOTO: EPA-EFE via The Straits Times/Asia News Network WASHINGTON — How countries respond to and manage the Covid-19 pandemic is…
PH’s Purchasing Managers’ Index plunges to new low in April amid ECQ
MANILA, Philippines – Manufacturing in the Philippines shrank to its lowest level in April, at the height of the enhanced community quarantine (ECQ) imposed in Luzon and other parts of…