China cuts Australian beef imports amid virus tension
In this May 14, 2019, file photo, frozen beef filets from Australia, the United States, and Canada are on sale at a supermarket in Beijing. China has suspended imports of…
Mold covers bags, shoes in department store after 2 months of coronavirus lockdown
A department store in Malaysia, which has been closed since March, has replaced items on display after they were found to have mold. Photos of bags and shoes covered in…
Bank lending accelerates as BSP’s economic boosters gain traction
Philippine banks lent out money at a quicker pace in March in step with the central bank’s moves to pump the local financial system with cheap funds and buttress the…
BIR relaxes receipt rules during COVID-19 lockdown
As some stores selling essential goods ran out of official receipts during enhanced community quarantine (ECQ), the Bureau of Internal Revenue (BIR) has allowed the use of temporary invoices. Internal…
Stable PH credit rating amid COVID-19 menace ‘positive development,’ says BSP chief
The decision of credit watcher Moody’s Investor Service to maintain the Philippines’ debt rating and outlook is a positive development given the economic malaise that is spreading around the world…
UK think tank: PH economic recovery to lag behind due to slow COVID-19 containment
The Philippines and Malaysia are expected to lag behind their Asia-Pacific peers in bouncing back from the socioeconomic fallout from the COVID-19 pandemic due to the slow containment of the…
Investors flocking to ‘safe havens’: Treasury sells P30 billion in T-bonds
The Bureau of the Treasury on Tuesday (May 12) sold P30 billion in three-year T-bonds amid robust demand for long-term securities. The bonds with a remaining life of two years…
DOF wants President to have say on investors’ tax perks
The Department of Finance (DOF) wants President Rodrigo Duterte to have a direct role in the grant of fiscal incentives to investors that would attract more investments during the COVID-19…
Asian shares decline on jitters over new outbreaks of virus
BANGKOK — Shares fell Tuesday in Asia as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies. A worker cleans near a bank’s currency advertisement board in…
DOF pushes for mass hiring of contact tracers, restart of BBB program
MANILA, Philippines — The Philippines needs to “restart and accelerate” its “Build, Build, Build” infrastructure program and hire contact-tracers “en masse” to revive the economy after being waylaid by the…