Poe: Private sector first to act vs COVID-19
Sen. Grace Poe on Friday (May 29) praised the private sector’s early action in the fight against the novel coronavirus disease (COVID-19) amid what was described as the Duterte administration’s…
PH adds $1.25B in loans to war chest vs COVID-19
The Philippines secured a total of $1.25 billion in loans from two multilateral lenders last Thursday (May 28), filling its war chest in the fight against COVID-19. The China-led Asian…
Pre-need industry posted P718.6-million loss in 2019, says IC
Pre-need companies sold more plans last year, but the industry incurred a net loss of P718.6 million due to bigger liabilities. Citing unaudited interim financial statements, Insurance Commissioner Dennis B.…
World shares fall as Hong Kong, US-China tensions weigh
BANGKOK — Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day. A man and a woman…
BSP sees steady inflation rate in May despite gas price hike
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate…
PH funds for COVID-19 response still not enough, says London think tank
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases…
Asia shares fall as US-China tensions douse rally on Wall Street
BANGKOK — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. A man walks past an electronic stock board showing Japan’s Nikkei…
Puregold’s Q1 profit up 16.8%
INQUIRER FILE PHOTO Grocery chain operator Puregold Price Club Inc. grew its first quarter net profit by 16.8 percent year-on-year to P1.76 billion, bucking the earnings downturn seen by most…
DTI to recommend ‘gradual’ reopening of dine-in restaurants during GCQ
MANILA, Philippines — The Department of Trade and Industry is set to recommend to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) the “gradual” re-opening of restaurants with dine-in…
SMC’s Q1 profit down 91%
Conglomerate San Miguel Corp. saw a 91 percent year-on-year drop in first quarter net profit to P1.09 billion as the lockdown measures required to curb the coronavirus (COVID-19) pandemic affected…