Poor hit hard by 2.9 percent food price inflation amid COVID-19 lockdown
Faster food price inflation amid the COVID-19 lockdown last April hurt the pockets of poor families as they had to shell out more despite many of them losing jobs and…
Globe starts weekly rapid antibody testing of frontline employees
As the government eases up community quarantine restrictions, Globe Telecom has started the weekly rapid antibody testing of all its frontliners to ensure that both the workforce and stakeholders are…
Asian stocks mixed amid China tension with US, Australia
Asian stock markets were mixed Thursday after Wall Street rose despite trade tensions between China and Washington and Australia. People wearing face masks walk past a bank’s electronic board showing…
SM’s Q1 profit down 16%
SM’s Mall of Asia The country’s largest conglomerate, SM Investments Corp., reported a 16 percent year-on-year decline in first quarter net profit to P9 billion as the lockdown of Luzon…
PAL won’t go bankrupt as Lucio Tan pours in P15.2B
Tycoon Lucio Tan poured in at least P15.2 billion into Philippine Airlines, making it safe from immediate bankruptcy, according to PAL president Gilbert Santa Maria. Santa Maria told the ABS-CBN…
S. Korea’s Air Busan to resume flights on international routes in July
Yonhap via The Korea Herald/Asia News Network SEOUL — Air Busan Co., a low-cost affiliate of Asiana Airlines Inc., said Thursday it will resume flights on international routes from July…
Korea’s exports of coronavirus test kits tipped to grow further
AP-Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s exports of coronavirus test kits are expected to gather momentum down the road thanks to high overseas demand, industry…
Recession-hit Japan’s exports, imports fall due to pandemic
TOKYO — Recession-hit Japan’s exports plunged nearly 22% in April, the country’s worst drop in more than a decade as the coronavirus pandemic slammed global demand. People wearing face masks…
US stocks close higher as investors regain some more confidence
Stocks closed broadly higher on Wall Street Wednesday, clawing back all their losses from a day earlier and extending their strong gains for the week. A stock trader works at…
Filinvest sets P2.5-B investment in 2 Clark projects
The Filinvest group plans to invest about P2.5 billion in its two large township projects in the Clark Corridor this year, notwithstanding the coronavirus pandemic that has muted overall appetite…