Wall Street’s rally gets back on track as tech leads the way
NEW YORK — Wall Street’s rally got back on track Wednesday after more gains for big technology stocks helped pull the S&P 500 to its sixth gain in seven days.…
Meralco stops collecting ‘convenience fee,’ sets refund
Manila Electric Co. (Meralco) has stopped charging the P47 “convenience fee” and assured customers that it would refund the amount it had been collecting during the billing periods covered by…
Duterte: a ‘gamble’ to rush reopening of economy
President Duterte on Tuesday said the reopening of the Philippine economy should be done gradually and warned that rushing it could lead to more coronavirus infections than the country could…
Metrobank raises $500M via offshore senior notes issuance
Ty family-led Metropolitan Bank & Trust Co. has tapped the offshore financial market for the first time in nearly two decades, raising $500 million from its maiden bond offering at…
Gov’t says other groups can do Naia rehab
Other investors are ready to step in as the Naia (Ninoy Aquino International Airport) Consortium withdraws from its P102-billion offer to modernize and operate Manila’s Naia, Transportation Secretary Arthur Tugade…
PSEi moves 0.29% up | Inquirer Business
The benchmark Philippine Stock Exchange index (PSEi) edged higher on Wednesday after President Duterte expressed caution overnight about fully reopening the economy amid the recent surge in new coronavirus cases…
Different pandemic hounding local banana sector
A different pandemic is hounding the local banana industry, which already saw production this year cut by as much as 20 percent. The Panama disease, also known as banana wilt,…
Hottest commodity in Lebanon’s economic chaos: The US dollar
In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into…
COVID-19 continues to hurt aviation, prompts Cebu Pacific to trim workforce by 25 percent
MANILA, Philippines—Cebu Pacific, the country’s largest budget airline, is reducing its workforce by 25 percent as it navigates a business environment dramatically reshaped by the novel coronavirus (COVID-19) crisis. Charo…
US FDA authorizes marketing of IQOS as a Modified Risk Tobacco Product
This photo shows André Calantzopoulos, PMI Chief Executive Officer, who says switching completely to IQOS is a better choice than continuing to smoke. The U.S. Food and Drug Administration (FDA)…