SMC issuing perpetual notes to raise $1B
Conglomerate San Miguel Corp. (SMC) is preparing to raise as much as $1 billion through the issuance of perpetual securities to fund future growth even as the coronavirus pandemic has…
Sharpening the saw at the DA
In addition to getting the correct saw, “sharpening the saw” at the Department of Agriculture (DA) must also be immediately done. This is needed for agriculture to progress from its…
Nissan to close Indonesia, Spain auto plants after losses
TOKYO — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed…
EasyJet to cut a third of workforce as pandemic hits travel
FILE – In this file photo dated Wednesday, April 23, 2008, an EasyJet jetliner lands at the Milan Linate airport, Italy. European budget airline eastJet said Thursday May 28, 2020,…
China-led lender OKs $750M loan to PH for COVID-19 response
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…
P2.2 trillion in losses: Cost of COVID-19 impact on PH economy
The COVID-19 crisis will cost the Philippine economy P2.2 trillion in losses this year as firms shed profits while millions of workers lose their jobs and income. To ease the…
PLDT latest to fall victim to increased cyberattacks during pandemic
Telco giant PLDT Inc. was the latest to fall victim to hackers, underscoring the real threat of cyberattacks as the COVID-19 pandemic sweeps the globe. For more than an hour…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
Company with foreign firms as clients says Create not in its ‘best form’
The latest version of the Duterte administration’s plan for tax breaks will still make the cost of doing business in the Philippines more expensive for companies that have been operating…
Maybank: PH economic recovery from COVID-19 still ‘nascent’
Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial…