BOC: 7.55B liters of oil products marked as of mid-May
Nearly half-a-billion liters of oil products was added to the volume of oil products marked as tax-paid in the first half of May as the government collected higher levy on…
Asian shares fall on US friction with China, Hong Kong fears
A man stands in front of an electronic stock board showing Japan’s Nikkei 225 index as a track goes by at a securities firm in Tokyo Friday, May 22, 2020.…
SEC exposes “fake news” about dismissal of fraud charges against Kapa
KAPA logo Don’t fall for “fake news” that fraud charges against Kapa-Community Ministry International – tagged as a “Ponzi” scam perpetrator – had been dismissed. This was what the Securities…
BSP-led digital transition prepared PH economy for pandemic
Substantial progress made in the government’s “digital transformation agenda” has helped prepare the country for the ongoing COVID-19 pandemic, including the ability to disburse cash aid to underprivileged beneficiaries through…
DOF: Nearly $5B in foreign loans, grants added to COVID-19 funds
To finance response to the COVID-19 pandemic, the Philippine government so far borrowed from foreign lenders and secured grants worth nearly $5 billion, with much of the money already injected…
EastWest unveils digital banking arm
Komo, EastWest Bank’s new digital banking arm Gotianun family-led East West Banking Corp. has joined the local digital banking race with the launch of Komo, a fully-digital banking platform operating…
MerryMart IPO priced at P1 each
Edgar Sia II Retailer Merry Mart Consumer Corp. has priced its initial public offering (IPO) – the first in the local stock market this turbulent year – at the maximum…
Jollibee spending P7B to restructure global operations
Jollibee Manhattan —Contributed photo Homegrown fast-food giant Jollibee Foods Corp. (JFC) is spending P7 billion to implement “significant” changes to its global business structure, including the streamlining of non-performing stores…
Stocks end lower on Wall Street as US-China tensions weigh
Stocks closed broadly lower on Wall Street Thursday as investors weighed more data showing the economic damage being caused by the coronavirus pandemic and another flareup in tensions between the…
ERC to issue moratorium for ‘lifeliners’
The Energy Regulatory Commission (ERC) is set to issue a directive to allow “lifeliners” in areas under the modified enhanced community quarantine (MECQ) to extend payments for their electric bills…