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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…
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.…
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…
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…
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…
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…
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…
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…
Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. A man walks past an electronic stock board…
Ty family-led Metropolitan Bank & Trust Co. has raised P10.5 billion from a fresh bond market foray that was warmly received by investors despite the challenging macroeconomic environment. The bonds,…
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