Venture Capital Funding
MANILA, Philippines — The Department of Budget and Management (DBM) last month inflicted additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds into…
Commuters wait for a ride at a bus stop along Commonwealth Avenue in Tandang Sora, Quezon City on Monday, June 1, 2020, as the metropolis eases to General Community Quarantine…
A Bombardier plant is seen in Montreal on Friday. Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19. (The Canadian Press via AP)…
Emelda Razon Aguillon, a massage therapist from Quezon City, lost her main source of income when the spa she had worked for suspended operations during the enhanced community quarantine (ECQ)…
Prices of basic goods and services would likely remain benign over the near term as the local economy continues to struggle with weak demand due to the coronavirus pandemic, the…
The volume and value of products churned out by the country’s factories fell to a 20-year low in April amid the enhanced community quarantine (ECQ)—among the most restrictive COVID-19 lockdowns…
While infrastructure spending took a back seat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects would be allocated a…
As transport costs fell while most Filipinos stayed at home during the COVID-19 quarantine, inflation eased to a six-month low of 2.1 percent year-on-year in May, the government reported on…
Phoenix Petroleum Philippines Inc. has launched a rewards program for patrons who drive public-utility vehicles (PUV) and who lost their livelihood due to the COVID-19 pandemic, as it touts having…
The listed operator of Philippine Airlines (PAL) posted a P9.4-billion loss in the first quarter of 2020, reflecting the staggering impact the new coronavirus disease (COVID-19) pandemic has unleashed on…
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