CLI’s Q1 net profit down 4%
Property developer Cebu Landmasters Inc. (CLI) posted a 4 percent year-on-year decline in attributable net profit to P572 million in the first quarter as expenses grew at a faster pace…
More virus-hit duty free shops in S. Korea given deep cut in rental fee
(Yonhap) via The Korea Herald SEOUL — South Korea will expand the reduction of rental fees for airport duty-free shops and other commercial facilities hit hard by the new coronavirus…
S. Korea’s demand for electric bicycles surges amid COVID-19 outbreak
Samchuly Bicycle’s Phantom Q. Samchuly Bicycle via The Korea Herald/Asia News Network SEOUL — South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as…
Treasury sells P26-billion in T-bills amid strong demand, low rates
With strong demand and low rates, the Bureau of the Treasury on Monday (June 1) sold P26 billion in T-bills, exceeding the P20-billion offering. The Treasury awarded P7 billion in…
51 percent of German firms holding back investments in PH, but not because of COVID-19
More than half of German companies are holding back their investments in the Philippines because they find the economy too restrictive, data showed. This is according to a survey done…
PH manufacturing shrinks for 3rd straight month in May
Manufacturing shrank for a third straight month in May as an easing of COVID-19 lockdown slowed down a further decline in purchasing managers’ index (PMI), a gauge of manufacturing trends.…
Shakey’s Pizza’s Q1 profit down 35%
Shakey’s Pizza Parlor Restaurant along CM Recto at Limketkai Center, Cagayan de Oro City. (PHOTO CREDIT: http://www.cdodev.com/2013/07/04/new-shakeys-store-nears-completion/) The country’s leading pizza parlor chain operator, Shakey’s Pizza Asia Ventures Inc., saw…
Asian stocks rebound after Trump avoids reigniting trade war
BEIJING — Asian stock markets rebounded Monday after President Donald Trump avoided reigniting a trade war with China amid tension over Hong Kong and the coronavirus pandemic. A woman wearing…
Logistics industry experts share plans on moving forward post-quarantine
As the nation eases into a modified community quarantine status, the logistics industry—including transportation, storage, and packaging businesses— is taking several steps to cope with the “new normal.” Working closely…
S. Korea’s idle funds hit record-high amid COVID-19, low rate trend
Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s volume of short-term floating capital — so-called “idle funds” — surpassed 1,100 trillion won ($901 billion), hitting a record-high…