Hottest commodity in Lebanon’s economic chaos: The US dollar
In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into…
COVID-19 continues to hurt aviation, prompts Cebu Pacific to trim workforce by 25 percent
MANILA, Philippines—Cebu Pacific, the country’s largest budget airline, is reducing its workforce by 25 percent as it navigates a business environment dramatically reshaped by the novel coronavirus (COVID-19) crisis. Charo…
US FDA authorizes marketing of IQOS as a Modified Risk Tobacco Product
This photo shows André Calantzopoulos, PMI Chief Executive Officer, who says switching completely to IQOS is a better choice than continuing to smoke. The U.S. Food and Drug Administration (FDA)…
Tugade: Other investors ready to take place of Naia Consortium in airport upgrade plan
Other investors are ready to step in as the Naia Consortium drops its P102 billion offer to modernize and operate Manila’s Ninoy Aquino International Airport (Naia), Transportation Secretary Arthur Tugade…
2 proponents in talks with gov’t on NAIA rehab project, says Dominguez
MANILA, Philippines — Finance Secretary Carlos Dominguez III on Wednesday bared that the Department of Transportation (DOTr) is in talks with two proponents to possibly replace the consortium to upgrade…
PH economy awash with cash, but lockdown crimped May loan growth, says BSP
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh…
BSP chief: COVID-19 pandemic shows ‘increasing importance’ of digital transactions
MANILA, Philippines — The ongoing COVID-19 pandemic highlighted the “increasing importance” of digital transactions in the country, Bangko Sentral ng Pilipinas (BSP) Governor Ben Diokno said Wednesday. In a pre-State…
Despite COVID-19, CLI’s H1 housing sales up 41%
An architect’s perspective of the amenity deck of Casa Mira Towers CDO in Cagayan de Oro City. Property developer Cebu Landmasters Inc. (CLI) reported a 41 percent year-on-year growth in…
DOF assures: PH borrowings ‘manageable’ and ‘affordable’
MANILA, Philippines — Even as the government has been borrowing more than usual this year due to the COVID-19 pandemic, the Philippines’ debt remains “manageable” and “affordable,” the Department of…
HSBC sees 3.9% PH GDP contraction
HSBC Private Bank’s investment experts Cheuk Wan Fan and Willem Sels British banking giant HSBC sees the Philippines heading to its deepest economic contraction in three decades this year due…