Lego pauses social media ad spending
Lego is following in the footsteps of more than 400 companies that have joined the #stophateforprofit campaign. Image: AFP/Mario Laporta Danish toymaker Lego said Wednesday it was halting all paid…
BIR, BOC collection up in June, but below targets
Revenue collection by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) improved in June but their six-month take was still lower year-on-year and below target due largely…
PH stays as lower-middle income country as WB jacks up upper-middle income threshold
MANILA, Philippines — As expected the Philippines did not move up to upper-middle-income status under the latest World Bank classification which took into consideration last year’s economic data, marked by…
BSP vows gradual unwinding of relief measures in post-pandemic PH economy
MANILA, Philippines – The central bank’s generous support measures to buttress the Philippine economy and stabilize the financial system during the ongoing coronavirus pandemic will stay for as long as…
Puregold boosts Cosco’s core earnings
Retail tycoon Lucio Co-led conglomerate Cosco Capital bucked the local downtrend in first quarter earnings as its flagship grocery business made up for the slack in real estate, office supply…
SSI’s Q1 profit down 36%
Anton Huang Specialty retailer SSI Group Inc. saw a 36 percent year-on-year drop in first quarter net profit amounting to P110 million due to disruptions arising from the lockdown of…
Seoul urges Tokyo to show ‘sincere attitude’ to resolve trade row
Yonhap via The Korea Herald/Asia News Network SEJONG — South Korea’s finance minister on Thursday called for Japan to adopt a “sincere attitude” in talks to resolve a trade row…
Cambodia’s milled-rice exports up 32.5% amid COVID-19 pandemic
A Cambodian farmer transplants rice seedlings in the paddy field. Cambodia’s milled-rice exports gained 32.51 per cent to 410,563 tonnes in the first half of this year from the 310,366…
COVID-19 foreign loans, grants hit $7.76 billion
MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of…
Asian stocks follow Wall Street higher on vaccine hopes
Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Currency traders watch monitors at the foreign…