2019 good year for insurance industry as income rises to P45.12B
The insurance industry’s bottom line grew by over a fifth to P45.12 billion in 2019 as a result of sustained strong sales and insurers’ bigger net worth, the Insurance Commission…
Asian shares up as recovery hopes overshadow virus worries
TOKYO — Shares rose in Asia on Tuesday as some regions in Japan resumed close-to-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. People wearing…
Hong Kong leader tries to reassure investors rattled by China law
Hong Kong Chief Executive Carrie Lam (front L). Photo by Anthony WALLACE / AFP HONG KONG — China’s plans to impose a new security law on Hong Kong will “only…
Virus-hit Singapore economy to shrink up to 7%, says government
SINGAPORE – Singapore’s economy, a bellwether for global trade, could shrink by as much as 7.0 percent this year, as the coronavirus pandemic throttles demand, the government said Tuesday. A…
Gov’t borrowings up 5.3 percent to P656.7B in first quarter of 2020
The national government’s gross borrowings rose 5.3 percent year-on-year to P656.7 billion in the first quarter of 2020 as both domestic and foreign debts increased. The latest Bureau of the…
Razon firm’s P1.8B upgrade of Iloilo electric facilities on track
Enrique Razon Jr.-owned MORE Electric and Power Corp. — the new power utility in Iloilo City— has made “substantial progress” in upgrading the city’s electricity distribution system two months after…
Think tank backs road user’s tax hike to build, repair more roads
Higher motor vehicle user’s charge (MVUC), a proposal pending at the Senate, is needed to build and maintain more roads in the Philippines, according to the state-run think tank National…
BSP chief says health, ICT, agri, labor reforms ‘imperative’ in post-pandemic economy
The Philippines needs to make several key “structural reform initiatives” to prepare the economy for the post-pandemic environment that will look very different from what it was less than three…
‘Commendable act’: DOF lauds firms that paid taxes early despite COVID-19 pandemic
The Department of Finance (DOF) on Monday (May 25) lauded the companies that did not wait for extended deadlines to pay their taxes, helping the government raise revenue during the…
Virus-hit Fiji Airways cuts workforce by half
SUVA, Fiji — Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands’ vital tourism sector in deep freeze and reduced the national carrier’s…