UK Treasury chief warns of depth of recession
Britain’s Chancellor of the Exchequer Rishi Sunak visits the Worcester Bosch factory to promote the initiative, Plan for Jobs, in Worcester, England, Thursday, July 9, 2020. (Phil Noble/Pool via AP)…
BIR to refund VAT on imported meds for diabetes, cholesterol, hypertension
Medicines for diabetes, high cholesterol and hypertension are exempt from value-added tax (VAT), so importations slapped with the 12-percent levy at the start of the year will be refunded, the…
Facebook operations on track to use 100% renewable energy by end of 2021
Facebook is on the road to have their operations powered completely by renewable energy by the end of 2021. Image: Istock.com/serts via AFP Relaxnews Two years ago, Facebook made a…
COVID-19 kick: UK think tank sees economic recovery slowest in PH, 2 other countries
Near-term recovery from an economy made sick by the COVID-19 pandemic would be slowest in the Philippines, India and Indonesia, according to experts of a United Kingdom-based think tank. These…
ADB: 6-month quarantine to shed P1.9 trillion from PH GDP
MANILA, Philippines — The Philippine economy could shed as much as $38.1 billion (almost P1.9 trillion) or 11.5 percent of gross domestic product (GDP) if COVID-19 quarantine restrictions dragged on…
Corporate debt funds eyed to prevent financial crunch amid COVID-19 crisis
SEC chair Emilio Aquino The Securities and Exchange Commission seeks to help prevent the coronavirus (COVID-19) pandemic from spawning local financial crunch by soon allowing the creation of new investment…
DA probes online sale of smuggled frozen pigeons from Hong Kong
MANILA, Philippines — The Department of Agriculture (DA) is currently investigating reports of smuggled frozen pigeons from Hong Kong being sold online as illegal traders troop to the digital space…
Asian stocks follow Wall Street higher after tech gains
BEIJING — Asian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks.Benchmarks in Shanghai, Tokyo, Hong Kong and Australia rose. A currency trader gestures…
Indonesia’s flag carrier plans to open direct flights to Bali from US, France, India to boost tourism
JAKARTA — National flag carrier Garuda Indonesia plans to open direct flights to Denpasar, Bali, from the United States, France and India in an attempt to boost the country’s tourism…
Singapore secures three of top five Southeast Asia deals despite COVID-19 slowdown
Singapore’s skyline on June 6, 2020. The Straits Times/Asia News Network SINGAPORE – Singapore clinched three of the top five private equity and venture capital deals struck in the region…