Most of Wall Street wilts amid worries on virus, economy
NEW YORK — Most of Wall Street wilted Thursday on worries that the economy’s recent improvements may be set to fade as coronavirus cases keep climbing. Workers wearing masks walk…
Landbank offers low-interest loans of up to P300K to parents
Land Bank of the Philippines (Landbank) is offering direct loans to students in households unable to afford education expenses amid the coronavirus crisis. In a statement on Thursday, the state-run…
ERC to power distributors: Refund excess payments
The Energy Regulatory Commission (ERC) has ordered electricity distributors across the country to refund customers for overpayments they made for estimated billings during the enhanced community quarantine (ECQ) when meter…
Rise in COVID-19 cases dampens investor sentiment; PSEi down to 6,100 level
The local stock barometer slid to the 6,100 level on Thursday as the continued rise in local COVID-19 cases continued to dampen investor sentiment. Bucking the upswing in global markets,…
Globe expands mobile network | Inquirer Business
Globe Telecom announced the expansion of its mobile network within the third quarter of 2020. In a statement on Thursday, Globe said it was building cell sites across the country…
Megawide may revive pitch for Naia modernization
Now that rival “superconsortium” is officially out of the Naia (Ninoy Aquino International Airport) public-private partnership project, construction and engineering firm Megawide Construction Corp. is willing to take a second…
Agro-industrial center to soon rise at New Clark City
The Department of Agriculture (DA) is partnering with the Bases Conversion and Development Authority (BCDA) to establish the country’s first “agri-industrial business corridor” at the New Clark City in Pampanga…
New investment vehicle eyed to spur liquidity of virus-hit firms
To help prevent local financial crunch in this time of the pandemic, the Securities and Exchange Commission (SEC) is allowing the creation of new investment vehicles called corporate debt funds…
UK Treasury chief warns of depth of recession
Britain’s Chancellor of the Exchequer Rishi Sunak visits the Worcester Bosch factory to promote the initiative, Plan for Jobs, in Worcester, England, Thursday, July 9, 2020. (Phil Noble/Pool via AP)…
BIR to refund VAT on imported meds for diabetes, cholesterol, hypertension
Medicines for diabetes, high cholesterol and hypertension are exempt from value-added tax (VAT), so importations slapped with the 12-percent levy at the start of the year will be refunded, the…