Amid declining rates, Treasury to sell longer bond tenors in May
MANILA, Philippines — The Bureau of the Treasury will sell P170 billion in T-bills and bonds in May, with longer tenors expected to entice domestic investors amid declining rates. The…
Lockdown app launched to track, buy basic supplies, get COVID-19 updates
An Australian firm recently launched a free mobile app designed to help communities respond to COVID-19 by enabling people and businesses to work together in tracking sources of essential goods…
Seoul stocks up for 2nd day on hopes for economic rebound
(Yonhap) SEOUL — South Korean stocks closed higher for the second straight day Tuesday amid hopes for an economic rebound, offsetting concerns over the fallout from the novel coronavirus outbreak.…
BSP waives fees for new e-payment services as people shift to digital transactions
BSP Gov. Benjamin Diokno. (File photo by EARVIN PERIAS / Philippine Daily Inquirer) MANILA, Philippines — The central bank on Tuesday waived its fees and charges for financial institutions setting…
BIR 2020 tax goal slashed to P2.26T as COVID-19 took toll on businesses
MANILA, Philippines – The Bureau of Internal Revenue’s (BIR) 2020 tax-collection target has been downscaled to P2.26 trillion in consideration of the COVID-19 pandemic’s impact on the economy. Revenue Memorandum…
PH’s $2.35B global bond issue a success despite COVID-19 pandemic, say execs
The Philippines’ $2.35 billion in US dollar-denominated global bonds fetched record-low coupons for its two tenors, auguring well for efforts to raise much-needed funds for the government, especially for COVID-19…
Indonesian tour guides turn to retail to make ends meet
JAKARTA — Amid the COVID-19 pandemic, which has especially devastated the tourist sector, tour guides have reportedly turned to retail to make ends meet. According to the head of the…
Vietnam to select top priority industries to support in the ‘new normal’
Fishermen load tuna from a fishing boat in Binh Dinh Province. The seafood processing industry is facing a lot of difficulties amid the COVID-19 pandemic. Photo dantri via Viet Nam…
Security Bank’s Q1 profit up 21%
Security Bank Corp. grew its net profit in the first quarter by 21 percent year-on-year to P2.9 billion on higher interest earnings and securities trading gains. The bank aside P5.7…
Globe employees raise P27.5M for COVID-19 assistance; includes PPEs, face shields for 50 hospitals
Globe Telecom employees have raised over P27.5 million from a fundraising initiative primarily aimed at providing much-need personal protective equipment, face shields, and face masks to healthcare workers in 50…