PH economy contracts for 1st time since 1998
The Philippine economy contracted for the first time in more than two decades during the first quarter, but economists warned on Thursday that the worst was likely yet to come…
Ad companies feel impact of network shutdown
The day ABS-CBN Corp. was forced by the government to stop airing, advertising executives watched in horror as half their market vanished. The ad industry’s growth was fueled as much…
PLDT slashes 2020 spending plan by P20B
Telco giant PLDT Inc. is slashing its spending target this year by some P20 billion as strict quarantine measures around the country hampered its growth. From a record P83 billion…
Economic contraction no shocker; profit seekers push PSEi up
The local stock barometer yesterday gained slightly on muted market reaction to the slight dip in the country’s first quarter economic output. The main-share Philippine Stock Exchange index (PSEi) firmed…
Ayala Land aims to raise P6.5B via bond sale
Property giant Ayala Land Inc. (ALI) plans to venture into the local bond market next month with a retail offering of at least P6.5 billion worth of securities. In an…
Defeating agriculture culture of corruption
Given the additional P31-billion budget proposed by Agriculture Secretary William Dar for the COVID-19 crisis, the ugly specter of corruption might once again visit the Department of Agriculture (DA). To…