Drug firms urge gov’t to defer price ceiling law
A group of pharmaceutical companies wants the government to temporarily set aside a price ceiling that had cut the retail prices of certain drugs, citing the impact the pandemic made…
UK think tank: New coronavirus infections rising in PH after lockdown eased
Economic recovery in the Philippines and three other countries in Asia is seen to lag behind their neighbors as they continue to struggle to contain the spread of SARS Cov2,…
Lawsuit says Amazon failed to protect warehouse staff from virus
Image: AFP/Denis Charlet Three Amazon warehouse employees announced a lawsuit Thursday claiming the American retail and tech giant failed to protect its workers from coronavirus infections at a New York…
COVID-19 casualty: AirAsia to lay off 12 percent of workers
Budget carrier AirAsia Philippines is laying off hundreds of workers by the end of this month as the COVID-19 pandemic is forcing the airline industry to shift to survival mode.…
Chua: Gov’t can’t fund stimulus packages worth trillions of pesos
The Duterte administration’s economic team is trying to convince Congress to scale down proposed economic stimulus packages costing trillions of pesos, as the government cannot afford them while much of…
SMDC posts 23% revenue growth in Q1
SM Development Corporation (SMDC), the residential arm of SM Prime Holdings, Inc., recorded a 23% increase in revenue in the first quarter of 2020 to PhP11.4 billion from PhP9.3 billion…
LEGO halts digital marketing of police sets, pledges $4M for black charities
Image: AFP/Thomas Samson LEGO has ordered stores and retailers to pull out digital advertising for police-themed toy sets and pledged $4 million to organizations fighting racism. The toy giant’s move…
PH factory output fell to 20-year low in April
MANILA, Philippines – The volume and value of products churned out by the country’s factories fell to a 20-year low in April amid the enhanced community quarantine (ECQ)—said to be…
DBM: Public infra spending to rebound in 2021
While infrastructure spending took a backseat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects will be allocated a bigger…
Pandemic fallout to keep Philippine inflation in check, BSP says
MANILA, Philippines – Prices of basic goods and services will likely remain benign over the near term as the local economy continues to struggle with weak demand due to the…