Wall Street stocks claw back a chunk of last week’s losses
Stocks shrugged off a wobbly start to finish solidly higher on Wall Street Monday, as the market clawed back half its losses from last week. This July 16, 2013, file…
ADB OKs $26.5M loan to plug leaks in local property tax take
MANILA, Philippines — The Asian Development Bank (ADB) has greenlighted a $26.5-million loan (over P1.3 billion) so local governments in the Philippines can assess property taxes digitally. “The Local Governance…
T-bill rates fell below 2% after surprise, hefty interest rate cut
MANILA, Philippines — Treasury bill rates fell below 2 percent on Monday following the Bangko Sentral ng Pilipinas’ (BSP) surprise and hefty interest rate cut last week that sent a…
Dominguez to Pogos: Leaving PH? You still have to pay taxes
Some Philippine offshore gaming operators (Pogos) may leave the Philippines but the Bureau of Internal Revenue (BIR) will still collect taxes due from them, Finance Secretary Carlos G. Dominguez III…
Spate of launches in Tokyo amid bullish sentiment on consumer spending
Visitors to the Toranomon Yokocho in the Toranomon Hills Business Tower, which opened to the public on June 11, 2020. PHOTO: MORI BUILDING via The Straits Times TOKYO — The…
Of Good Guys and rare finds
Like a child, she reveled in the sight of the banana bunches and twigs (locally termed ‘buwig’), marveled at the colorful corkwood tree flowers (locally called ‘katuray’) and excitedly grabbed…
ALI completes P10B bond float
Virtual listing of ALI’s P10B bonds at PDEx. From left to right: Bernard Vincent O. Dy, ALI President & CEO; Augusto D. Bengzon, ALI CFO, Chief Compliance Officer and Treasurer;…
Asian shares slide, following Wall Street selloff on virus fears
BANGKOK — Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. A woman walks past an…
Megaworld’s Q1 profit down 9%
Tycoon Andrew Tan-led Megaworld Corp. posted a 9 percent year-on-year decline in attributable net profit to P3.5 billion in the first quarter amid challenges arising from the eruption of Taal…
COVID-19 has increased responsibility of central banks to maintain stability, says Bank of Thailand governor
Bank of Thailand (BOT) Governor Veerathai Santiprabhob. The Nation/Asia News Network BANGKOK — The central bank has three missions in the aftermath of the Covid-19 pandemic, says Bank of Thailand…