PLDT latest to fall victim to increased cyberattacks during pandemic
Telco giant PLDT Inc. was the latest to fall victim to hackers, underscoring the real threat of cyberattacks as the COVID-19 pandemic sweeps the globe. For more than an hour…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
Company with foreign firms as clients says Create not in its ‘best form’
The latest version of the Duterte administration’s plan for tax breaks will still make the cost of doing business in the Philippines more expensive for companies that have been operating…
Maybank: PH economic recovery from COVID-19 still ‘nascent’
Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial…
IC says HMO profits down by nearly 24 percent in 2019
Profit of the health maintenance organization (HMO) industry fell by almost one-fourth to P1.26 billion in 2019 as more Filipinos signed up for coverage. Citing the latest unaudited interim financial…
COVID-19 crisis: Hard road ahead for PH firms even as lockdown restrictions are eased
MANILA, Philippines — When President Rodrigo Duterte effectively placed the whole of the Philippines under lockdown on March 16, Mr Jason Bonzon’s towing business was hit hard. With Metro Manila…
Migrant workers vital to Singapore economy, say business groups amid COVID-19 crisis
The groups urged careful consideration of stricter policies, highlighting the value of foreign labour in different areas. ST PHOTO: KUA CHEE SIONG SINGAPORE — In coordinated statements on Wednesday (May…
300,000 Myanmar migrant workers in Thailand jobless due to COVID-19 pandemic
YANGON — More than 300,000 Myanmar migrant workers in Thailand are facing unemployment due to COVID-19 pandemic, said Htoo Chit, Executive Director of the Foundation for Education and Development based…
Jollibee unprofitable in Q1, bleeding seen to worsen
Fast-food giant Jollibee Foods Corp. turned unprofitable in the first quarter as the coronavirus pandemic bludgeoned its restaurants in China, the Philippines and other overseas markets. JFC incurred a three-month…
Asian shares mixed after Wall Street rally; Hong Kong lower
BANGKOK — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis. Men wearing masks walk past…