First quarter investment pledges fall to 2-yr low of P29.4B
The number of foreign-led projects approved by the government’s seven investment promotion agencies (IPAs) fell by 36.2 percent to P29.4 billion in the first quarter of 2020, not helped by…
Malaysian durian traders turn to online sales to overcome coronavirus curbs
Prohibition of gatherings by roadside stalls have posed challenges for the durian industry. The Star/Asia News Network GEORGE TOWN — Malaysia’s Federal Agricultural Marketing Authority (Fama) has anticipated a lower-than-normal…
Asia markets mixed after Wall Street rises on better US data
Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected. A currency trader walks by the screens showing…
Aboitiz group moves to help stimulate economic activity
The Aboitiz group has vowed to sustain the economic “lifeline” extended to customers and partners in its eco-system even if the government started easing lockdown protocols in Metro Manila and…
PSEi shoots past 6,200, highest since March
The local stock barometer surged to the 6,200 mark on Wednesday, hitting its highest level since the number of new coronavirus disease (COVID-19) cases began to rise in the country…
Ayala acquiring Australian renewable energy firm
An affiliate of AC Energy Inc. has acquired a 12.8-percent stake in Australian renewables firm Infigen Energy Ltd. through a deal worth about P3.12 billion in the latest of the…
PayMaya tapped to distribute aid to vulnerable
The Department of Social Welfare and Development (DSWD) has tapped digital payments company PayMaya to distribute financial aid to beneficiaries of the Assistance to Individuals in Crisis Situation (AICS). The…
Airlines seek clarity in LGU, gov’t rules
Philippine carriers are set to meet with key national and local government officials on Friday to iron out confusing regulations that greeted them after strict lockdown rules were lifted over…
‘Unparalleled decline’ in energy investment seen
Annual global energy investments are primed for an “unparalleled decline” of 20 percent, or by $400 billion, in 2020 due to the coronavirus disease (COVID-19) pandemic, according to the International…
BSP’s liquidity cushion for PH against pandemic tops P1 trillion
The central bank’s efforts to cushion the impact of the COVID-19 pandemic on the Philippine economy have led to a massive liquidity infusion into the local financial system topping a…