BPI, BDO decry fabricated docs on Wirecard claims
BPI prexy Cezar Consing A few days ago, auditing firm Ernst & Young (EY) called on Bank of the Philippine Islands to investigate documents claiming that German fintech Wirecard had…
UK think tank warning: Exercise caution in easing COVID-19 lockdown
Countries like the Philippines, where COVID-19 cases have yet to make it past through the first wave of infections, needed to be more cautious before further easing restrictions on movement…
End-May BIR, BOC tax take dropped 24.8% to P874.9 billion – DOF
MANILA, Philippines — No thanks to a COVID-19-induced recession, tax collections dropped by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said Friday.…
PH foreign debt steady in Q1 as pandemic caps overseas borrowings
MANILA, Philippines – The outbreak of the coronavirus pandemic helped cap foreign borrowings by public and private entities in the first quarter, resulting in only a small uptick of the…
Green Cross, Inc. donates medical-grade PPEs and disinfectants
Green Cross, Inc., one of the largest producers of rubbing alcohol and bleach in the Philippines, has rolled out its “Together We Are Stronger” campaign in line with the fight…
Big groups collaborate to build new COVID-19 testing labs
Fernando Zobel de Ayala at a testing lab in QualiMed Sta. Rosa, a COVID-19 referral hospital Five of the country’s top conglomerates have added financial muscle to the Ayala group’s…
Jollibee issuing $600M bonds | Inquirer Business
Jollibee store crew Fast-food giant Jollibee Foods Corp. has boosted its coronavirus (COVID-19) war chest by $600 million with the issuance of offshore bonds. Through wholly-owned unit, Jollibee Worldwide Pte.…
Asian stocks mixed amid concern over coronavirus hotspots
BEIJING — Asian stock markets were mixed Friday after Wall Street closed little-changed amid as optimism about a possible global economic recovery was tempered by concern over rising coronavirus infections.…
St. Luke’s upgrades healthcare delivery to set benchmark in the Better Normal
St. Luke’s Medical Center (SLMC) has upgraded its existing healthcare services to a more convenient and flexible approach as the pandemic upends the industry that is on the frontline against…
DTI: Sellers operating on ‘irregular’ basis not required to register
MANILA, Philippines — Sellers that are operating “intermittently or irregularly” as well as those selling homemade items as a hobby are not required to register, the Department of Trade and…