Reports: World economy faces tough journey back from crisis
WASHINGTON — The world economy likely faces a long slog back from the coronavirus crisis. FILE – In this March 18, 2020, file photo, people are reflected on the electronic…
25,000 more delivery riders getting free life insurance
Life insurer Manulife has offered an additional P1.25 billion worth of life insurance coverage to 25,000 more two-wheel riders from various app-based delivery platforms who continue to brave the streets…
From mecca to ghost town, Mykonos awaits tourism relief
A woman wearing a protective face mask walks in the alleys of the Greek Cycladic island of Mykonos. Image: AFP/Aris Messinis Seated on stone steps beside his Mykonos souvenir shop,…
ABS-CBN tells NTC not to recall its frequencies
MANILA, Philippines — Media giant ABS-CBN said its assigned frequencies should not be recalled by the government given recent moves by lawmakers to extend its broadcast franchise, which expired last…
Salceda wants additional tax on digital services like Netflix, Lazada, FB ads
MANILA, Philippines — House ways and means committee chair and Albay Rep. Joey Salceda is pushing for taxation on digital services—specifically, subscriptions to video and music streaming apps, ads on…
Pagcor says its intel helping police crackdown on ‘NOGOs’
The intensified drive of the Philippine Amusement and Gaming Corp. against illegal online gambling firms helped law enforcers in shutting down a fly-by-night firm and led to the arrest of…
T-bill rates slide further as investors seek safe haven
T-bills rates further slid on Monday (May 18) as the Bureau of Treasury sold P24 billion or 1/5 more than it offered as investors sought safe haven for their money…
Ayala group pays P9.86B taxes ahead of deadline
Brothers Fernando (left) and Jaime Augusto Zobel de Ayala lead the 7th generation Zobels. Conglomerate Ayala Corp. and key operating units settled P9.86 billion worth of taxes ahead of the…
Ayalaland Logistics’ Q1 profit up 1.2%
Ayalaland Logistics president Rowena Tomeldan Leading industrial estate developer Ayalaland Logistics Holdings Corp. (ALLHC) defied the downturn in the overall property market in the first quarter on the back of…
Del Monte’s US crown jewel trims debt
Six years after breaking into the American market and reuniting with its mother brand at the expense of an enlarged debt, Campos family-led Del Monte Pacific Ltd. (DMPL) completed the…