Stocks dip on Wall Street as global rally fades, led by tech
NEW YORK — Wall Street stumbled on Thursday after a report showed layoffs continue to sweep the country at a stubbornly steady pace, one of several mixed reports to highlight…
PSEi recovers on GCQ extension, vaccine hunt news
The local stock barometer rebounded in thin trading on Thursday as investors drew relief from the government announcement that Metro Manila won’t be returning to tighter lockdown protocols. The Philippine…
Ayala unit to put up Vietnam’s biggest wind farm
Ayala Corp. is building the largest wind farm in Vietnam to date, as the conglomerate tries to keep the momentum of its power generation business in a country that has…
GPS, media outfits and farmers
Over the years, GPS and media outfits have done much for farmers. And as long as they follow the law, they should expand, rather than shrink. GPS stands for Global…
Moody’s keeps investment-grade rating for PH despite pandemic
Debt watcher Moody’s Investors Service on Thursday (July 16) kept the Philippines’ investment-grade credit rating and “stable” outlook, auguring well for the government’s plan to borrow more to finance the…
Hip-hop artists continue to thrive amidst the coronavirus pandemic
Lil Baby at the 2019 Billboard Music Awards at the MGM Grand Garden Arena on May 1, 2019, in Las Vegas, Nevada. Image: AFP via AFP Relaxnews While Goldman-Sachs projects…
Dollar remittances of expat Filipinos fell for 2nd straight month in April
MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly…
Treasury selling 5-year RTBs at 2.625% coupon
MANILA, Philippines — The Bureau of the Treasury on Thursday started selling five-year retail treasury bonds (RTB), which fetched a coupon of 2.625 percent. The Treasury awarded an initial P192.7…
Deeper fall in PH GDP seen as COVID-19 quarantine further extended
MANILA, Philippines — Extending the general community quarantine (GCQ) in Metro Manila and neighboring provinces that host the bulk of the country’s economic activities until this month’s end while COVID-19…
RCBC raises P16B from bond sale
Yuchengco-led Rizal Commercial Banking Corp. has raised P16.6 billion from a new local bond offering which was warmly received by the cash-awash local financial market. The two-year bonds were issued…