Spain sets aside another $56 billion for ailing companies
A group of women walk past beside a man seated while wearing face mask to prevent the coronavirus during the last day of the lockdown, in Pamplona, northern Spain, Saturday,…
Virus-hammered Air France announces 7,500 job cuts
Air France workers gather during a protest in front of the company headquarters in Tremblay-en-France, outside Paris Friday, July 3, 2020. (AP) PARIS — Air France and regional subsidiary Hop…
BSP ramps up digital campaign to wean Pinoys off cash payments
The central bank wants to see more Filipinos making transactions through electronic payments, given the health risks posed by the coronavirus pandemic to cash transactions—but said that, for this to…
Gov’t guarantees P37.5B in bank loans to SMEs
In its bid to make available loans to small businesses badly hit by the COVID-19 crisis, the state-run Philippine Guarantee Corp. (Philguarantee) has green-lit P37.5 billion in credit guarantees as…
3rd telco gets 6-month reprieve on commitments
Telco startup DITO Telecommunity is catching up to meet its commitments to the government after plans were derailed by the new coronavirus pandemic. Citing the health crisis, DITO sought and…
Converge ICT plans P35.9-B IPO
Riding on strong demand for connectivity especially with the lockdowns prompted by the coronavirus pandemic, fiber internet and other digital services provider Converge ICT Solutions Inc. filed an application at…
Landbank exec named OIC of UCPB
A career official at state-owned Land Bank of the Philippines has been appointed officer-in-charge (OIC) of United Coconut Planters Bank. Veteran banker Liduvino Geron assumed the position of UCPB OIC…
Stock index inches up; market optimistic
The local stock barometer yesterday ended slightly higher on selective buying of large-cap stocks. The main-share Philippine Stock Exchange index (PSEi) added 8.58 points or 0.14 percent to close at…
BDO raises P36B from bond offer
The country’s largest lender, BDO Unibank, has raised P36 billion from another big local bond offering that was warmly received by the cash-awash local financial market. In a disclosure to…
Gov’t pushes renewable energy program
The Department of Energy (DOE) is putting stress on the development of geothermal- and hydro-based power generation as it pushes for a renewable energy promotion program with an initial portfolio…