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Gotianun-led EastWest Bank plans to book P10 billion in provisions for probable loan losses this year to prepare for the fallout from the coronavirus (COVID-19) pandemic. Before the pandemic erupted,…
Stocks closed a choppy day on Wall Street with broad losses Wednesday, despite fresh assurances from the Federal Reserve that it would keep interest rates low through 2022 and would…
Leading local casual dining chain Max’s Group Inc. (MGI) turned unprofitable in the first quarter due to disruptions caused by the coronavirus pandemic, prompting the group to streamline operations and…
The Department of Budget and Management’s (DBM) releases for COVID-19 response amounted to P355.1 billion to date, with dole-outs given away to vulnerable sectors accounting for the bulk of the…
The Philippines’ total foreign trade fell at its fastest pace in April amid a global recession aggravated by the first full month of one of the most stringent COVID-19 lockdowns…
The Department of Agriculture (DA) is seeking a bigger share in the national budget next year to be able to “reboot” the sector following the adverse effects brought by lockdown…
Rice farmers were estimated to have lost P890 million between January and April this year from the alleged undervaluation of rice imports that arrived in the country during the period,…
The local stock barometer pulled back to the 6,400 level on Wednesday as investors took their cue from Wall Street, which took a respite from its dizzying equities run-up. The…
To save ailing corporations from the economic fallout due to the pandemic, lawmakers and the Department of Finance (DOF) are proposing to inject as much as P100 billion in capital…
Malacañang has approved a dozen new economic zones worth P6.4 billion in the middle of a pandemic, according to data from the Philippine Economic Zone Authority (Peza). Peza Director General…
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