Ayala group taps Chinese firm for solar modules supply
The Ayala group’s AC Energy Inc. has tapped Chinese supplier Jiangsu Seraphim Solar System Co. Ltd. for 183 megawatts (MW) worth of modules to be used in solar farm projects…
PH debt to swell to P 9.59T as gov’t borrows more to fight COVID-19
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end.…
Jobless rate may climb to 15-year high due to recession
The Philippines’ jobless rate may hit double-digits and rise to a 15-year high amid an ongoing recession, the country’s chief economist said Friday. Asked during an interview with Bloomberg TV…
Tokyo reveals 3-step plan to reopen businesses
Shrine maidens walk in the compound of Kanda shrine in Tokyo Friday, May 15, 2020. Tokyo is still under a coronavirus state of emergency until the end of May, though…
US retail sales likely tumbled in April as virus took hold
Shoppers walk past a sign encouraging masks at SouthPark Mall, Wednesday, May 13, 2020, in Strongsville, Ohio. Ohio retail businesses reopened Tuesday following a nearly two-month-long shutdown ordered by Gov.…
Big business asks Congress to build DOH, LGU health crisis capability
Business groups are asking Congress to focus its efforts on building the capability of the Department of Health (DOH) and local governments to better respond to the global health crisis.…
China uses trade as weapon to silence virus criticism
In this May 14, 2019 photo, packages of frozen beef filets from Australia, left, the United States, center, and Canada, right, are for sale at a supermarket in Beijing. China…
Globe offers up to 6 months Installment Payment for postpaid customers
As Filipinos continue to face the challenges brought on by the community quarantine, Globe is offering its postpaid customers a flexible way to settle their outstanding balances through an installment…
Germany in recession as economy shrinks 2.2% in 1st quarter
The sun rises over one of the main roads in Frankfurt, Germany, Friday, May 15, 2020. (AP Photo/Michael Probst) BERLIN — The German economy shrank by 2.2% in the first…
New normal for insurance products: Online sales until Dec. 31
With social distancing seen outliving the COVID-19 pandemic, the Insurance Commission (IC) allowed insurance transactions online until end of 2020. The IC, in two circulars issued on May 14, extended…