PH debt now 48.1 percent of GDP and growing
MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy…
Living in Grace with grace
Noreen Marbella and her late husband Winston could have opted to join their children in the nearby condo that their daughter bought a few years ago. But occasional visits to…
Emperador in, Semirara out of PSEi
AGI president Kingson Sian and Emperador president Winston Co Tycoon Andrew Tan-led Emperador Inc. (EMP) will rejoin the Philippine Stock Exchange index (PSEi) effective Aug. 17, replacing Semirara Mining and…
ALI’s H1 profit down 70%
Nuvali: ALI’slargest eco-city andmixed-use estatedevelopment Property giant Ayala Land Inc. saw a 70 percent year-on-year drop in first semester net profit to P4.5 billion as the lockdown of Metro Manila…
Asian shares skid amid virus woes, China-US trade tensions
TOKYO — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy.…
EEI gets piece of Malolos-Clark railway project
ADB’s infographic on the $2.75-billion Malolos-Clark railway project Yuchengco-led construction firm EEI Corp., in partnership with Spanish infrastructure firm Acciona, bagged a deal to build a 6.5-kilometer segment of a…
COVID-19 vaccine uncertainty tempers PH growth goal for 2021
MANILA, Philippines — Without a vaccine yet to prevent COVID-19’s spread, President Duterte’s economic managers have tempered growth expectations for next year despite recovery from this year’s recession. The Cabinet-level…
BPI raises P21.5B from landmark COVID19 response bonds
Ayala-led Bank of the Philippine Islands (BPI) has raised P21.5 billion from a pioneering bond issue dedicated to coronavirus (COVID-19) response efforts – an offering that was oversubscribed by more…
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…