South Africa’s economy to see worst performance in 90 years
FILE — In this May 20, 2020 file photo, people affected by the coronavirus economic downturn line up to receive food parcels in Pretoria, South Africa, South Africa’s economy is…
SEC shuts down head office for COVID19 disinfection
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) is suspending head office operations at the Philippine International Convention Center in Pasay City from June 26 to…
SoftBank’s Son leaves Alibaba board following Ma’s departure
In this June 18, 2015, file photo, Softbank Corp. CEO Masayoshi Son, right, Alibaba Group Executive Chairman Jack Ma, left, of China with Foxconn Chairman and CEO Terry Gou of…
US think tank: PH among emerging markets fiscally prudent on COVID-19 response
The Philippines can still afford to spend more to fight the health and socioeconomic crises caused by COVID-19, but the Washington-based Institute of International Finance (IIF) expects emerging markets to…
BSP surprise: 50 bps cut to bring key interest rate to lowest level in history
The central bank on Thursday (June 25) cut its key interest rates to their lowest levels in history in a bid to buttress the Philippine economy that has been battered…
‘Stock investing should be fun, not a battle’
Meritz Asset Management CEO John Lee speaks at an interview with The Korea Herald at Meritz Asset headquarters in northern Seoul. (Park Hyun-koo/The Korea Herald) SEOUL — What surprised John…
‘Hot money’ fled PH in droves in May; monthly inflows fell to weakest in over 10 years
MANILA, Philippines — So-called hot money investors fled from Philippine financial markets in droves during the peak of the lockdown imposed by the government to fight the coronavirus pandemic, aggravating…
PH to borrow P205 billion in July via T-bills, bonds
MANILA, Philippines — The government will borrow P205 billion from domestic sources in July as rates remained low amid strong demand for treasury bills and bonds from investors who wanted…
Strict safety measures welcome Mang Inasal diners
As parts of the country steadily ease restrictions on community quarantines, the restaurant industry is also preparing to resume dine-in services which have been placed on hold because of the…
Singapore budget carrier Jetstar Asia to cut a quarter of its workforce
The cuts of up to 180 people across all parts of its business affect 26 per cent of Jetstar Asia’s workforce. PHOTO: JETSTAR ASIA via The Straits Times SINGAPORE —…