PSE suspends ABSCBN trading, GMA7 shares surge
ABS-CBN network headquarters in Quezon City (Photo by Maria TAN / AFP) Shares of GMA Network sizzled in morning trade after the Philippine Stock Exchange suspended trading on shares of…
LBC on 5-day suspension of cargo service
LBC installs protective shields at its branches. Courier LBC Express Inc. has announced a five-day suspension of its parcel and cargo forwarding services from July 12 to 16 to address…
Singapore secures top spot as international shipping center for 7th consecutive year
A view of Tanjong Pagar Terminal and Brani Terminal on Jan 14, 2020.ST PHOTO: LIM YAOHUI SINGAPORE — Singapore retained its position as the world’s most important shipping hub on…
Gainers, losers in altered TV landscape
The country’s largest broadcast networks ABS-CBN Corp. and GMA Network Inc. have been locked in a television ratings war for years—a business rivalry that at times would be dragged into…
Malagos chocolate maker thrives amid quarantine
Malagos chocolates DAVAO CITY—Four farm workers in green shirts, masks and face shields stepped out of the farmhouse, carrying small crates, which they filled with freshly picked red tomatoes from…
Gov’t eyes support for e-commerce boom
The country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result…
Banks extend fee waivers for digital transactions
Clients of some of the country’s biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter,…
Gov’t hikes UCPB stake, abandons privatization
The government has abandoned its previous plan to privatize United Coconut Planters Bank (UCPB) and instead jacked up control over the state-run lender so it can assist farmers and help…
NGCP defers implementation of allowable revenue hike
The Energy Regulatory Commission (ERC) said National Grid Corp. of the Philippines (NGCP) had unilaterally deferred the implementation of an interim scheme that would raise its maximum allowable revenue (MAR)…
ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more…