Cathay Pacific unveils $5B bailout plan
HONG KONG — Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus. Like…
PH’s COVID-19 loans, grants hit $6.508 billion
MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan…
BSP to increase liquidity mop ups as PH financial system gradually normalizes
The central bank will start increasing to pre-lockdown levels the volume of its weekly borrowing activities, which are meant to regulate the liquidity in the local financial system by temporarily…
Four decades of catching and canning: The secret to Mega Global’s success
Innovation leads to progress. Coupled with fierce determination, hard work, and the Filipino virtue of malasakit throughout its 45-year history, Mega Global has managed to overcome the ups and downs…
SSS members who lost jobs can get up to P20,000 aid
MANILA, Philippines — Contributing members of the Social Security System (SSS) who lost their jobs due to the COVID-19 pandemic can get as much as P20,000 in cash benefit. SSS…
Bureau of the Treasury sells P30B in T-bonds
MANILA, Philippines — Investors continued to snap up government securities, allowing the Bureau of the Treasury to sell all P30 billion in reissued three-year T-bonds it offered on Tuesday. In…
Increased activism of business groups
The country’s prestigious business organizations are sending notice to the government on their concerns about the way it is handling some public issues. On June 1, business groups consisting of,…
‘Sin’ tax collections slumped in May
Collections from “sin” taxes continued to slide in May amid the liquor ban and restricted deliveries of cigarettes during the extended COVID-19 quarantine. Finance Secretary Carlos G. Dominguez III on…
Jollibee reopens its doors for customers; sets the bar for quality standards for safety and cleanliness
Today, as the world adapts to a “new normal” due to the global pandemic, the country’s number one fast-food chain Jollibee has been gearing up to go the extra mile…
South Korea to commercialize air taxis in 2025
The Korea Herald/Asia News Network SEOUL — South Korea plans to begin commercializing air taxi services in 2025, which will connect city areas and suburbs, according to the Transport Ministry’s…