‘New normal’ requires tourism players to shift focus
Passengers of a flight from Paris wearing protective face masks arrive at the Eleftherios Venizelos International Airport in Athens on June 15. As the Indonesian government gears up to reopen…
PH dollar stash piles up with barely any imports, more loans during pandemic
The Philippines made substantially more dollars than it spent in its overseas transactions in May, due in part to a surge in foreign borrowings and a steep drop in import…
PH gets P23.5B Japan loan for COVID-19 response
The Philippines can ramp up coronavirus testing and contract tracing, thanks to a new P23.5-billion loan from Japan to be spent on fighting the health and socioeconomic crises caused by…
Seven companies to relocate facilities to Indonesia, invest $850 million
A worker marks a stainless steel hot rolled coil (HRC) that just came out of the machine in Morowali Industrial Park’s HRC plant in Morowali, Central Sulawesi, on Sept. 18.…
PH’s 3rd telco player DITO to miss July 8 technical launch
MANILA, Philippines — DITO Telecommunity, the country’s third major telco, is likely to miss the deadline for its “technical launch” set on July 8 this year. DITO chief administrative officer…
BSP prepares to issue its own IOUs by Q3
MANILA, Philippines — The central bank on Wednesday took another step closer toward issuing its own bonds, which will allow it to better regulate the amount of liquidity in the…
S. Korea’s drive to develop pan-Asia stock index ends in failure
The Korea Exchange in Yeouido, western Seoul. Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s ambitious drive to launch the first pan-Asian benchmark comprising major blue chip…
PH slipped into economic recession in first half of 2020
MANILA, Philippines — The Philippines has slipped into a recession, as economic contraction likely deepened during the second quarter with the COVID-19 lockdown — at its peak in April and…
SEC warns against more investment scams
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has warned the public against a new set of entities that are illegally soliciting investments, including those hawking…
MerryMart’s Q1 profit up 50.5%
Edgar Sia II Newly-listed grocery chain operator MerryMart Consumer Corp. grew its net profit in the first quarter by 50.5 percent year-on-year to P8.35 million with the rollout of new…