BSP sees steady inflation rate in May despite gas price hike
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate…
PH funds for COVID-19 response still not enough, says London think tank
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases…
Asia shares fall as US-China tensions douse rally on Wall Street
BANGKOK — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. A man walks past an electronic stock board showing Japan’s Nikkei…
Puregold’s Q1 profit up 16.8%
INQUIRER FILE PHOTO Grocery chain operator Puregold Price Club Inc. grew its first quarter net profit by 16.8 percent year-on-year to P1.76 billion, bucking the earnings downturn seen by most…
DTI to recommend ‘gradual’ reopening of dine-in restaurants during GCQ
MANILA, Philippines — The Department of Trade and Industry is set to recommend to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) the “gradual” re-opening of restaurants with dine-in…
SMC’s Q1 profit down 91%
Conglomerate San Miguel Corp. saw a 91 percent year-on-year drop in first quarter net profit to P1.09 billion as the lockdown measures required to curb the coronavirus (COVID-19) pandemic affected…
FDC’s Q1 profit up 8%
FDC and FLI president Josephine Gotianun-Yap. INQUIRER file photo Bucking the earnings downturn caused by the coronavirus pandemic, Gotianun-led conglomerate Filinvest Development Corp. grew its attributable first quarter net profit…
Sumitomo buys into MPIC’s railway business
Light Rail Transit (LRT) Line 1. FILE PHOTO Infrastructure holding firm Metro Pacific Investments Corp. has taken Japanese conglomerate Sumitomo Corp. as a strategic partner in its elevated railway business…
Demand for electricity picking up
Demand for on-the-spot supply of electricity, for augmenting contracted power, is nearing prelockdown levels after dropping by 17 percent, or 1,761 megawatts, during the enhanced community quarantine (ECQ), according to…
PSEi tracks regional markets, gains 0.84%
The benchmark Philippine Stock Exchange Index (PSEi) rose on Thursday, in step with bourses in the region and a rally in Wall Street overnight. By the closing bell, the PSEi…