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…
Gov’t to revise cell tower rules to lure more firms
The Department of Information and Communications Technology (DICT) plans to revise its common tower rules after big contractors complained about its feasibility and indicated they would “back away,” DICT Undersecretary…
Vaccine race developments, possible lockdown easing pacify PSEi
The benchmark Philippine Stock Exchange index (PSEi) edged higher on Wednesday as investor confidence grew despite the recent increase in COVID-19 infections. By the closing bell on Wednesday, the PSEi…
PH gets $400-M ADB loan for poverty reduction in farm sector
The Manila-based Asian Development Bank (ADB) has extended to the Philippines a $400-million loan to be spent on programs and projects that will lift more agriculture workers from poverty by…
Shake Shack shrugs off trade war, opens outlet in Beijing
Visitors line up in the rain for the opening of the first Beijing outlet for Shake Shack in Beijing on Wednesday, Aug. 12, 2020. The U.S. headquartered burger chain is…
CebuPac sees brighter days ahead despite pandemic gloom
Budget airline Cebu Pacific expects to weather the impact of the COVID-19 pandemic despite suffering a major financial loss in the first six months of 2020. In a stock exchange…
SMDC Gem Residences makes the C5-Pasig stretch sparkle
The future remains bright for the biggest residential developer in the country as it continues to introduce new developments in prime locations, launching its first of many planned developments in…