DOF: Rainy season to make fight vs. COVID-19 ‘more challenging’
The onset of the wet season coinciding with the gradual reopening of the economy from quarantine may make it more difficult to fight COVID-19, the Department of Finance (DOF) said…
Capital infusion eyed for firms, industries pummelled by COVID-19
Companies and industries pummelled by COVID-19 may get help through capital infusion but this would not be free and would come with conditions, the country’s chief economist said on Friday…
Neda chief sees 15-yr-high jobless rate amid 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 on Friday (May 15). Asked in an…
China economy better but vital consumer demand still feeble
Workers at SMC, a Japanese pneumatic engineering company, assemble products at a factory in Beijing on Wednesday, May 13, 2020. Foreign invested enterprises in China are stepping up the resumption…
Expat Filipinos’ dollar remittances still up ahead of COVID-19 outbreak
Dollar remittances of expatriate Filipinos continued to rise in February just as the COVID-19 pandemic was starting to spread around the world, data from the central bank showed, though it…
SM Prime’s Q1 profit down 5% on COVID19 disruption
SM Prime prexy Jeffrey Lim and chair Henry Sy Jr. Property giant SM Prime Holdings posted P8.3 billion in first quarter net profit, down by 5 percent year-on-year, as coronavirus-related…
LTG’s Q1 profit up 41%, led by tobacco business
LUCIO Tan Tycoon Lucio Tan-led LT Group Inc. grew net profit in the first quarter by 41 percent year-on-year to P6.21 billion, driven mostly by tobacco price increases. Earnings from…
‘Balik Probinsya’ to address lack of opportunities in countryside
Joand Bondoc/Inquirer MANILA, Philippines–The Duterte administration will attempt to reverse the continuing migration of the rural population to Metro Manila in a bid to decongest the nation’s capital, the epicenter…
Asian shares mixed as stocks meander on pandemic worries
TOKYO — Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. A currency trader…
Another late reversal upends Wall Street, this time higher
Wall Street rallied back from a sharp morning drop on Thursday, led by a resurgence for some of the year’s most beaten-down stocks. A man wearing face mask walks past…