Profit-taking pulls PSEi down 2.19%
The local stock barometer pulled back to the 6,400 level on Wednesday as investors took their cue from Wall Street, which took a respite from its dizzying equities run-up. The…
Gov’t eyes pumping P100B into emergency vehicle to save virus-hit firms
To save ailing corporations from the economic fallout due to the pandemic, lawmakers and the Department of Finance (DOF) are proposing to inject as much as P100 billion in capital…
Palace approves 12 new ecozones
Malacañang has approved a dozen new economic zones worth P6.4 billion in the middle of a pandemic, according to data from the Philippine Economic Zone Authority (Peza). Peza Director General…
BIR: Issuing temporary receipts no longer allowed during GCQ
MANILA, Philippines – As most parts of the country shifted to a less-restrictive general community quarantine (GCQ) to resume the majority of business activities, establishments will no longer be allowed…
Alibaba holds first online trade show
The logo of Alibaba Group is seen during the World Intelligence Congress in Tianjin, China on May 16, 2019. BEIJING — Alibaba launched its first online trade show on Monday…
DBM: P355.1B already released for COVID-19 response
The Department of Budget and Management (DBM) has released P355.1 billion for COVID-19 response to date with cash aid to vulnerable sectors eating up bulk of the funds. In a…
Philips introduces Diagnostic Imaging cabins in the Philippines
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has introduced Diagnostic Imaging cabin/container solutions, an offsite computed tomography (CT) and Diagnostic X-Ray (DXR) solutions in the…
COVID-19 impact: PH trade plunges to its lowest level
The Philippines’ total foreign trade fell at its fastest pace in April amid a global recession worsened by the first full month of one of the most stringent COVID-19 lockdowns…
IMF urges tweaks in COVID-19 policy responses as economies emerge out of lockdowns
MANILA, Philippines — Key to better addressing the health and socioeconomic crises caused by the COVID-19 pandemic will be adjustments in policy responses as countries emerge out of their respective…
SEC asks corporations to boost cybersecurity
SEC chair Emilio Aquino The Securities and Exchange Commission (SEC) urged corporate Philippines to strengthen cybersecurity especially now that coronavirus (COVID-19) lockdown protocols have prompted more and more people to…