Maximizing card rebates in the new normal scenario
Now that we’re living in uncertain times it has become necessary, more than ever, to manage our resources carefully and spend them wisely. By this we don’t mean cutting back…
BSP chief warns Congress vs 1-yr loan payment moratorium
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being…
PH foreign debts manageable despite gov’t borrowing spree, says BSP
MANILA, Philippines – The country’s external debt level is expected to remain manageable amid increased foreign borrowings to support the national government’s efforts to address the impact of the COVID-19…
Megaworld says BPO biz blunted impact of COVID-19 crisis
MANILA, Philippines — Business processing outsourcing (BPO) companies helped shield tycoon Andrew Tan’s Megaworld Corp. from the full impact of the COVID-19 pandemic, the property giant said on Thursday. Despite…
Singapore eases rules to help construction sector find its feet; 40,000 workers set to benefit
SINGAPORE — In a major move to revive the construction industry, the authorities have cleared the decks for thousands of workers to restart work without their employers needing to apply…
Southeast Asia ‘fertile land’ for online payments, e-wallets
A customer makes a payment using e-wallet at a supermarket in HCM City. With more customers using e-wallets, mobile banking and web applications, banks and financial service providers need to…
Asian shares mixed, led by Tokyo gains, after Wall Street rally
TOKYO — Asian shares were mostly higher on Thursday, cheered by the rally on Wall Street that’s likely a boon for export-driven regional economies, even as investors worry about the…
Shell permanently shuts down Batangas refinery
MANILA, Philippines – Pilipinas Shell Petroleum Corp. is permanently shutting down its refinery in Batangas and turning it into an importation hub amid continually low refining margins, no thanks to…
Stocks rebound on Wall Street, S&P 500 trades above record
Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market…
PH growth prospects get dimmer with lockdown
Another bank and a multilateral institution have further downgraded their 2020 economic outlook for the Philippines after the government reverted 50 percent of the economy to stricter lockdown this month…