Bureau of the Treasury sells P30B in T-bonds
MANILA, Philippines — Investors continued to snap up government securities, allowing the Bureau of the Treasury to sell all P30 billion in reissued three-year T-bonds it offered on Tuesday. In…
Increased activism of business groups
The country’s prestigious business organizations are sending notice to the government on their concerns about the way it is handling some public issues. On June 1, business groups consisting of,…
‘Sin’ tax collections slumped in May
Collections from “sin” taxes continued to slide in May amid the liquor ban and restricted deliveries of cigarettes during the extended COVID-19 quarantine. Finance Secretary Carlos G. Dominguez III on…
Jollibee reopens its doors for customers; sets the bar for quality standards for safety and cleanliness
Today, as the world adapts to a “new normal” due to the global pandemic, the country’s number one fast-food chain Jollibee has been gearing up to go the extra mile…
South Korea to commercialize air taxis in 2025
The Korea Herald/Asia News Network SEOUL — South Korea plans to begin commercializing air taxi services in 2025, which will connect city areas and suburbs, according to the Transport Ministry’s…
Asian shares mixed after Nasdaq record as Wall St rallies on
TOKYO — Shares were mixed in Asia on Tuesday after the Nasdaq composite touched a fresh record as enthusiasm about reopening the economy pushed Wall Street still higher. A man…
A US recession began in February in the face of coronavirus
A woman walks into a closing Gordmans store on Thursday in St. Charles, Missouri. Stage Stores, which owns Gordmans, is closing all its stores and has filed for bankruptcy. (AP)…
Stocks vault higher, as Nasdaq hits record on economy hopes
NEW YORK — Wall Street’s enthusiasm about the reopening economy sent stocks scrambling even higher on Monday, and the Nasdaq composite wiped away the last of its coronavirus-induced losses to…
World Bank: PH GDP to shrink 1.9% in 2020
MANILA, Philippines — Amid the COVID-19 pandemic, the World Bank sees the Philippine economy shrinking by 1.9% this year, a slower pace of contraction than government estimates of negative 2%…