Wall Street falls just short of record for S&P 500, again
NEW YORK — Another afternoon fade for stocks left Wall Street just shy of a record on Thursday, after the S&P 500 briefly crossed above its all-time closing high for…
Local makers of PPEs seek tax breaks
A group of companies that repurposed their plants to make personal protective equipment (PPE) for health care workers is now asking the government for help, as they struggle against the…
PSEi pushes past 6,000 as giddy market awaits lockdown easing
The benchmark Philippine Stock Exchange Index (PSEi) recovered above the key 6,000 level on Thursday as investors continued to look forward to a possible easing of lockdown restrictions. The PSEi…
Security Bank profit up 14% despite larger bad loan buffer
Security Bank Corp. remained profitable through the first semester, despite the unfolding health crisis and significantly higher provisioning for potential business losses. Security Bank said in a stock exchange filing…
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…