SMC’s H1 net loss at P4B
ICONIC From a food and beverage giant into a diversified conglomerate Conglomerate San Miguel Corp. incurred a net loss of P4 billion in the first semester as the lockdown and…
Lockdown cost Baguio, Benguet power utility P126M loss, adding to Cordillera recovery woes
BAGUIO CITY –– The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since…
PH to borrow P6 trillion in 2020-2021 amid higher COVID-19 spending, weak revenues
MANILA, Philippines — The Philippines will borrow a total of P6 trillion in 2020 and 2021 to finance higher spending to address the COVID-19 crisis while tax and non-tax revenues…
The average work meeting is 20% shorter since the pandemic, new survey finds
Researchers have found that the average number of meetings a person attends per day is up 12.9%. Image: Anchiy / IStock.com As Facebook, Twitter and Zillow are developing plans to…
PH’s foreign borrowings for COVID-19 hit $8.13 billion
MANILA, Philippines — Foreign borrowings and grants secured by the Philippines to fight the health and socioeconomic crises caused by COVID-19 further inched up to nearly P400 billion as of…
PLDT 1st semester earnings up despite economic slowdown
MANILA, Philippines — PLDT Inc. reported higher earnings in the first half of the year despite strict COVID-19 lockdowns that plunged the Philippine economy into recession. PLDT said in a…
PH 7-Eleven network swung to P493M Q2 net loss
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store operator, Philippine Seven Corp., swung to a net loss of P493.5 million in the second quarter…
Asian shares mixed as US talks on stimulus still stalled
Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling.Investors are watching to see if lawmakers will come ahead…
Steep rise in Thai mergers and acquisitions as firms fight off coronavirus crisis
The Nation/Asia News Network BANGKOK — The Covid-19 pandemic has sparked a steep rise in mergers and acquisitions, according to an expert at CIMB Thai Bank (CIMBT). Businesses are choosing…
AREIT completes P12.33B IPO, 2x oversubscribed
ALI top brassL-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI…