Trading of ABS-CBN shares resumes Monday
Media giant ABS-CBN Corp. will resume trading on Monday after complying with the disclosure requirements of the Philippine Stock Exchange (PSE). Trading of ABS-CBN’s shares had been suspended for eight…
Globe offers 6-month installment option
Globe Telecom is offering postpaid customers a six-month installment option to settle their bills. In a statement on Friday, the telco said this would lessen the financial burden of subscribers…
Gov’t unveils rescue plan for virus-plagued industries
The government may inject badly needed, albeit limited, capital into corporations and industries devastated by the new coronavirus disease pandemic, the country’s chief economist said Friday. Under the proposed Philippine…
Overseas Filipinos’ remittances still up ahead of COVID-19 outbreak
Dollar remittances of expatriate Filipinos continued to rise in February just as the coronavirus pandemic was starting to spread around the world, data from the central bank showed, but it…
SM Prime keeps P80-B capex for 2020 despite poor Q1 turnout
For the first time in its history as an integrated property developer, SM Prime Holdings reported a year-on-year decline in quarterly profits in the first three months of the year…
Tepid sales notwithstanding, pricey cigarettes spur LT Group profit
Tycoon Lucio Tan-led LT Group Inc. (LTG) grew its net profit in the first quarter by 41 percent year-on-year to P6.21 billion, driven mostly by price increases in the tobacco…
Ayala group taps Chinese firm for solar modules supply
The Ayala group’s AC Energy Inc. has tapped Chinese supplier Jiangsu Seraphim Solar System Co. Ltd. for 183 megawatts (MW) worth of modules to be used in solar farm projects…
PH debt to swell to P 9.59T as gov’t borrows more to fight COVID-19
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end.…
Jobless rate may climb to 15-year high due to recession
The Philippines’ jobless rate may hit double-digits and rise to a 15-year high amid an ongoing recession, the country’s chief economist said Friday. Asked during an interview with Bloomberg TV…
Tokyo reveals 3-step plan to reopen businesses
Shrine maidens walk in the compound of Kanda shrine in Tokyo Friday, May 15, 2020. Tokyo is still under a coronavirus state of emergency until the end of May, though…