PSE suspends trading on ABSCBN
The Philippine Stock Exchange (PSE) suspended trading of common shares and depositary receipts of ABSCBN Corp. on Wednesday as the broadcasting giant went off the air following a shutdown order…
Notice of Annual Stockholders’ Meeting
Notice is hereby given that the annual meeting of stockholders of the Philippine Savings Bank (PSBank) will be held on May 27, 2020, Wednesday, at 3:00 P.M. In light of…
POGO service providers’ group says members fully tax compliant
MANILA, Philippines — The country’s largest organization of online gaming service providers on Tuesday sought to quell criticism that it owes the government taxes, saying its member firms pay all…
COVID-19 impact: Production in factories down in March
Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, the virus that causes…
NTC exec says cease order vs ABS-CBN a first
The Duterte administration’s order for ABS-CBN Corp., the country’s largest television network, to stop broadcast operations over an expired franchise might be a first. National Telecommunications Commission (NTC) deputy commissioner…
As car dealerships reopen, how will they adapt post-quarantine?
The Lexus range of SUVs. Image: Courtesy of Lexus via AFP Relaxnews With the end of lockdown on the horizon in many countries, automobile dealerships will soon be reopening their…
Dominguez: Only health, tax-compliant Pogos to resume operations
President Rodrigo Duterte’s chief economic manager on Tuesday (May 5) reiterated that only registered and tax-complaint Philippine offshore gaming operators (Pogos) can resume operations during quarantine as the government seeks…
State firms give P129B for COVID-19 response
State-run corporations have remitted P129.45 billion to the Bureau of the Treasury as of last week to help finance the government’s huge funding needs in addressing the socioeconomic impact of…
COVID-19 impact: Gov’t to review Build, Build, Build project list
The Philippines’ ambitious “Build, Build, Build” infrastructure program is again undergoing a review to give priority to projects that would have the biggest impact on reviving an economy reeling from…
BSP eases rules to encourage bank lending to small firms
The central bank on Tuesday (May 5) rolled out new measures to encourage a steady flow of credit to small firms—many of which have been hit severely by the ongoing…