ABS-CBN is not for sale – Lopez family
MANILA, Philippines – ABS-CBN Corp. rejected buyout rumors as murmurs swirled that billionaires are keen on taking ownership of the beleaguered media giant after it was ordered by the Duterte…
Indonesia eyes $1 billion rescue for virus-hit national airline
JAKARTA — Indonesia is drawing up a $1.0 billion rescue plan for struggling national airline Garuda after the coronavirus forced the company to ground most of its planes, Bloomberg News…
COVID-19 impact: ECQ limits gov’t spending, narrows first quarter budget deficit to P74B
The budget deficit narrowed to P74 billion at the end of the first quarter, partly as the national government spent less than the three-month expenditures program due to the COVID-19…
BSP chief pushes for COVID-19 emergency work program to boost economy
Government decision makers should orient their policies toward securing the public health and the economic wellbeing of Filipinos and postpone the ambition of improving the country’s debt rating for a…
Wilcon’s Q1 profit down 32.1%
Wilcon’s big store or Depot format Home improvement retailer Wilcon Depot Inc. saw a 32.1 percent year-on-year decline in first quarter net profit amounting to P328 million due to the…
T-bill rates fall across the board
T-bill rates further fell across the board on Monday (May 11), allowing the Bureau of the Treasury to sell P22 billion in short-dated government securities. The Treasury awarded P5 billion…
Asian stocks follow Wall Street higher on recovery hopes
Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia advanced. U.S. shares gained Friday despite a government report that American employers cut a record-setting 20.5 million jobs in April. Investor…
Ayala Land’s Q1 profit down 41%
L-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI 2020 stockholders…