Wall Street perks up as S&P 500 pulls within 1.1% of record
NEW YORK — Stocks perked higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. A Rocket…
‘Worse than expected’: GDP drop lowest in 4 decades
Café owner Hans Cerdania did not need official economic figures to tell him the worst had come when he and his business partner closed shop, long before the government announced…
Trump reimposes 10% tariff on Canadian aluminum
Clyde, United States — President Donald Trump on Thursday announced he had ordered a 10 percent tariff on Canadian aluminum be reimposed, saying America’s key trading partner was flooding the…
PSEi brushes off grim GDP numbers, closes at 5,900 level
The local stock barometer raced to the 5,900 mark on Thursday despite news about the second quarter gross domestic product (GDP) contracting by 16.5 percent year-on-year, officially putting the Philippines…
MVP urges gov’t to settle standards on decent internet quality
Telco giant PLDT Inc. appealed to the government to judge its performance by established standards on internet speed and coverage after it found itself on the receiving end of attacks…
AGI maps out COVID19 recovery program
Tycoon Andrew Tan-led Alliance Global Group Inc. (AGI) has unveiled a five-pronged program to perk up various businesses and ensure quick recovery from coronavirus pandemic fallout. AGI’s recovery framework, which…
Metro Pacific Hospital expands COVID19 capacity
Manuel V. Pangilinan Amid the unabated rise of local coronavirus (COVID19) cases, healthcare chain operator Metro Pacific Hospital Holdings Inc. (MPHHI) is expanding its capacity to serve afflicted patients and…
FLI’s Q2 profit down 23%
The 244-hectare Filinvest City Gotianun-led Filinvest Land Inc. booked a 24 percent year-on-year decline in first semester net profit to P2.42 billion as the coronavirus (COVID19) pandemic-induced lockdown of Metro…
Converge ICT founder addresses customer complaints, says sorry
MANILA, Philippines—Broadband services provider Converge ICT Solutions Inc. apologized to customers on Thursday (Aug. 6) for slow feedback to complaints, promising to do better despite limitations caused by the COVID-19…
PAL keeps select, key international routes alive
MANILA, Philippines—Philippine Airlines (PAL) continues to fly the flag in international skies amid the imposition of strict quarantine measures in Metro Manila and nearby areas. PAL, the region’s oldest airline,…