Nissan to close Indonesia, Spain auto plants after losses
TOKYO — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed…
EasyJet to cut a third of workforce as pandemic hits travel
FILE – In this file photo dated Wednesday, April 23, 2008, an EasyJet jetliner lands at the Milan Linate airport, Italy. European budget airline eastJet said Thursday May 28, 2020,…
China-led lender OKs $750M loan to PH for COVID-19 response
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…
P2.2 trillion in losses: Cost of COVID-19 impact on PH economy
The COVID-19 crisis will cost the Philippine economy P2.2 trillion in losses this year as firms shed profits while millions of workers lose their jobs and income. To ease the…
PLDT latest to fall victim to increased cyberattacks during pandemic
Telco giant PLDT Inc. was the latest to fall victim to hackers, underscoring the real threat of cyberattacks as the COVID-19 pandemic sweeps the globe. For more than an hour…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
Company with foreign firms as clients says Create not in its ‘best form’
The latest version of the Duterte administration’s plan for tax breaks will still make the cost of doing business in the Philippines more expensive for companies that have been operating…
Maybank: PH economic recovery from COVID-19 still ‘nascent’
Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial…
IC says HMO profits down by nearly 24 percent in 2019
Profit of the health maintenance organization (HMO) industry fell by almost one-fourth to P1.26 billion in 2019 as more Filipinos signed up for coverage. Citing the latest unaudited interim financial…
COVID-19 crisis: Hard road ahead for PH firms even as lockdown restrictions are eased
MANILA, Philippines — When President Rodrigo Duterte effectively placed the whole of the Philippines under lockdown on March 16, Mr Jason Bonzon’s towing business was hit hard. With Metro Manila…