UK economy shrinks 20.4% during April lockdown
Customers observe social distancing inside the IKEA Tottenham store in London, after it reopened to the public following the introduction of measures to bring England out of lockdown on Monday…
Asia shares drop after Wall Street rout as virus cases rise
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. A woman walks past…
M Lhuillier distributes SSS (SBWS) aid to over One Million beneficiaries
M Lhuillier (ML), the leading non-bank financial institution in the Philippines today holds on to its commitment to serve the Filipinos during this health crisis by supporting the Small Business…
Dow sinks 1,800 as virus cases rise, deflating optimism
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long…
COVID-19 makes getting FDIs into PH more difficult
The coronavirus (COVID-19) pandemic will likely make it even more challenging for the Philippines to attract foreign direct investments (FDIs) alongside waning structural reform momentum at the latter half of…
Ports collection targets slashed | Inquirer Business
The Bureau of Customs (BOC) has reduced the collection targets for the country’s 17 ports in line with the reduction in the agency’s 2020 goal amid the COVID-19-induced recession. In…
The inevitable recession: PH expected to go through 4 quarters of slump
The Washington-based Institute of International Finance (IIF) expects the Philippines’ gross domestic product (GDP) to shrink year-on-year for all four quarters of 2020 and end the year with a 3-percent…
Farmers can’t breathe | Inquirer Business
Just as George Floyd said “I can’t breathe” prior to his May 25 murder, several Filipino farmers also “can’t breathe.” This is due to factors such as injustice, corruption, incompetence…
PLDT: New submarine cable spanning multiple countries to improve PH internet
PLDT Inc. is boosting internet capacity in the Philippines through a new undersea cable slated for completion by the end of 2022. PLDT announced on Thursday it joined the Asia…
MacroAsia-CCCC seeks more time to submit final bid for Sangley airport
A Chinese-Filipino venture seeking to build a new international airport in the Manila Bay area has requested a fresh extension to finalize its bid due to the new coronavirus pandemic.…