BDO raises $600M from offshore bond market
BDO prexy Nestor Tan The country’s leading lender, BDO Unibank, has raised $600 million from the offshore bond market, building up its cash hoard while interest rates are favorable. The…
For areas to go back to ECQ is not wise, bad for business — Palace adviser
MANILA, Philippines — It is not wise to place some areas in the country under a strict enhanced community quarantine (ECQ) as it would shut down businesses that already took…
With few public transport, tricycle fare soared in June
MANILA, Philippines — With few public transport available, tricycle fares soared in June, helping push headline inflation that month to 2.5 percent year-on-year, the highest in three months. National Statistician…
Kanye West? The Girl Scouts? Hedge funds? All got PPP loans
Kanye West (AFP) WASHINGTON — The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the…
Second executive arrested in Wirecard scandal in Germany
(dpa via AP) FRANKFURT, Germany — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head…
Markets swell around the world; Nasdaq sets another record
NEW YORK — Stocks rallied worldwide on Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead. FILE – In this Sept. 18,…
Emtrac Plus to power the trucking industry with Autokid
With the community quarantine still in effect to curb the further spread of COVID-19, more and more businesses are now relying on trucking services to fulfill their customers’ needs. As…
PMI releases first Integrated Report on smoke-free future vision
PMFTC Inc. president Denis Gorkun says the purpose for a smoke-free future vision is clear. CONTRIBUTED PHOTO MANILA, Philippines — Philip Morris International Inc. (PMI) has published its first Integrated…
Survey: Many Filipinos don’t have secure online banking passwords
MANILA, Philippines — While many Filipinos still keep traditional passwords which were deemed unsecure during online banking transactions, they were also open to adopting biometrics to protect themselves from fraud,…
Treasury to sell RTBs starting July 15
MANILA, Philippines — The Bureau of the Treasury will again sell retail treasury bonds (RTB) starting July 15 not only to raise funds for COVID-19 response but also make available…