Stocks rally on Wall Street, worldwide with hope for economy
A man wearing a mask walks by the New York Stock Exchange, Tuesday, June 16, 2020. Stocks are rising sharply in early trading on Wall Street after retail sales in…
Fear and impatience as Santorini awaits return of mass tourism
Greek Prime Minister Kyriakos Mitsotakis (first from L) is guided through the archeological site of the island of Santorini on June 13, 2020. Image: AFP/Aris Messinis With the first post-lockdown…
US retail sales likely recovered partly from record plunge
BALTIMORE — U.S. retail sales likely recovered somewhat in May as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend. The…
Changi Airport T5 construction to be ‘paused’ for at least 2 years due to COVID-19 pandemic
Terminal 5 was scheduled to be completed around 2030.PHOTO: ST FILE SINGAPORE — The mega Changi Airport Terminal 5 project will be paused for at least two years amid uncertainty…
UK unemployment rising ‘faster than Great Depression’
Shoppers queue outside Zara in Belfast, northern Ireland, Monday, June 15, 2020. After three months of being closed under coronavirus restrictions, shops selling fashion, toys, and other non-essential goods are…
Temporary 10 percent added duty on oil imports generates P1.49B
The additional 10-percent import duty temporarily slapped on some oil products amid the COVID-19 crisis so far raised P1.49 billion in additional revenues for the government. Data provided by Finance…
Geologic time: Indonesia’s geothermal dreams deferred for 5 years
Indonesia’s oldest geothermal power plant (PLTP), the Kamojang plant in West Java. PLN/PLN via The Jakarta Post/Asia News Network JAKARTA — The Energy and Mineral Resources (ESDM) Ministry expects Indonesia…
Jica to lend $2.35B to PH in 2020 for infra, COVID-19 response
Finance Secretary Carlos Dominguez III. INQUIRER.net file photo / CATHY MIRANDA MANILA, Philippines — Even as economies worldwide—including Japan—struggled amid the COVID-19 crisis, its aid arm Japan International Cooperation Agency…
PH eyes samurai bond sale in second half
Finance Secretary Carlos G. Dominguez III. Photo courtesy of DOF MANILA, Philippines — The Philippines is looking at selling yen-denominated samurai bonds in the second half, although the bulk of…
DOF to online sellers: Registering business with BIR comes with gov’t benefits
MANILA, Philippines — “It’s not only a requirement and an act of good citizenship, it also comes with benefits.” Finance Assistant Secretary Tony Lambino said this Tuesday as he urged…