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The country’s banking system is strong enough to withstand the economic downturn caused by the coronavirus pandemic, thanks to the industry’s prudential measures and conservative practices, the central bank said…
DUBAI — Long-haul carrier Qatar Airways said Wednesday that it will lay off staff as the coronavirus pandemic largely has grounded the global aviation industry. The Doha-based carrier offered no…
MANILA, Philippines – Global and domestic supply chain disruptions caused by the COVID-19 pandemic, which limited movement not only of people but also of goods, inflicted a sharp drop in…
Media giant ABS-CBN Corp. promised to continue paying debts to banks even as the Duterte administration dealt a blow to its main business, broadcasting, threatening to wipe out thousands of…
As spending for COVID-19 response pile up while revenue collection slows down during the pandemic, Finance Secretary Carlos G. Dominguez III on Wednesday (May 6) said that 2020’s budget deficit…
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed…
Shares of broadcasting giant GMA Network Inc. surged by 23.69 percent at the local stock market on Wednesday on expectations that its share of local advertising revenues will balloon while…
Manuel V. Pangilinan For the first time in its corporate history, businessman Manuel V. Pangilinan-led infrastructure holding firm Metro Pacific Investments Corp. saw a year-on-year decline in quarterly profit as…
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has exposed a new set of entities enticing people to put hard-earned money into illegal investment schemes with…
The Island/Asia News Network COLOMBO — Sri Lanka’s tea production, in March, and the first quarter, has declined to the lowest level, in many decades, a Tea Exporters’ Association report…
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