Asian shares advance on Wall St jobs rally, OPEC plus deal
BANGKOK — Shares advanced Monday in Asia, buoyed by surprisingly strong U.S. jobs figures that helped power a surge on Wall Street on Friday. A man wearing a face mask…
China suspends debt repayments for 77 developing countries, regions, senior official says
An official selects a journalist to ask a question at the news conference to release the white paper “Fighting COVID-19: China in Action” in Beijing on Sunday. China Daily/Asia News…
Tax-paid marked fuel tops 8 billion – liter mark
MANILA, Philippines – Over eight billion liters of fuel were already marked by the government to date after oil firms paid their correct import duties and excise taxes. Bureau of…
CLI sees robust housing sales despite ECQ
CLI founder, president and CEO Jose Soberano with wife Marose (EVP and treasurer) and son Franco (SVP and COO) Despite the coronavirus (COVID-19) pandemic and consequent lockdown protocols, property developer…
ALI, RLC to tap bond this June
Robinsons Land Corp. president and chief executive officer Frederick Go. File photo Two of the country’s largest property developers are poised to tap the local bond market this June, riding…
Infra, defense budgets cut for COVID-19
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new…
Neda Board OKs Customs modernization
The National Economic and Development Authority (Neda) Board chaired by the President has given its go-ahead to modernize and automate processes at the Bureau of Customs (BOC). Socioeconomic Planning Undersecretary…
Electricity transmission cost continues to slide
Electricity transmission charges are down to 4 centavos for every peso spent on electricity as of the May billing period, suggesting a continuing downtrend since National Grid Corporation of the…
Another PSEi rally in the offing, yet road is dark and foreboding
Local stocks could take their cue from upbeat Wall Street sentiment this week, giving a window of opportunity for investors to lock up recent gains. Last week, the main-share Philippine…
4 big cement manufacturers resume production
Four of the country’s biggest cement manufacturers have rekindled production and distribution, all ready to serve the country’s construction needs now that the country has started reopening the economy after…