AEV cuts 2020 capital outlays to P47B
AEV 2020 stockholders meeting on April 27 via Zoom Conglomerate Aboitiz Equity Ventures (AEV) has slashed its capital spending budget this year to P47 billion from the original P73 billion…
Bayer reports surge in Q1 profits as coronavirus lifts health demand
BERLIN — German chemicals and pharmaceuticals giant Bayer on Monday reported surging first-quarter profits, as its consumer health arm saw a “substantial increase in demand due to the COVID-19 pandemic”.…
PH plans to borrow $1B more through dollar bonds as COVID-19 eating up funds
The Philippines is selling at least $1 billion in 10- and 25-year US dollar-denominated global bonds to foreign investors while awarding P24 billion in treasury bills on Monday (April 27)…
DOF to seek Congress OK of prolonged tax relief for small businesses
The Department of Finance (DOF) is seeking legislation, which could take years to finish, to allow the government to absorb losses of small businesses as a result of COVID-19 lockdowns…
Asian markets gain after Japan central bank boosts aid
BEIJING — Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling…
Villar completes ULTRA stadium conversion into COVID-19 facility in 3 days
ULTRA stadium converted by the Villar group into a temporary COVID-19 facility in just 3 days The group of tycoon Manuel Villar has completed the conversion of the Philippine Institute…
20 countries sign pact to keep ports open for unimpeded maritime trade
Maritime and Port Authority of Singapore chief executive Quah Ley Hoon said the industry is facing new challenges in this unprecedented period, making the joint declaration all the more important.…
Fruitas reopens Sabroso Lechon; gradual network reopening set
Sabroso Lechon reopens 1.5 months after ECQ Leading food and beverage kiosk operator, Fruitas Holdings Inc. (FHI) has rekindled the operation of selected Sabroso Lechon outlets and other brands as…
Vietnam’s digital economy expected to add 30% to GDP by 2030
A customer scans a QR code to make a payment. Photo baotintuc.vn via Viet Nam News/Asia News Network HANOI — Vietnam wants to raise the digital economy’s contribution to gross…
UnionBank’s Q1 profit up 22%
Aboitiz-led Union Bank of the Philippines grew its first quarter net profit by 22 percent year-on-year to P2.6 billion, driven by a strong growth in earnings from lending activities. This…