BSP warns of inflation spike due to supply chain disruptions
The pace of price increases of consumer goods and services will likely remain muted over the next few months due to weak local demand as well as the plunge in…
Streaming video, retailers escape pandemic pounding
The company logo and view of Netflix headquarters in Los Gatos, California (Image: AP/Marcio Jose Sanchez) NEW YORK—COVID-19 may have knocked US stocks into a bear market and pummeled the…
COVID-19 lockdown extension plus budget limits equals scramble for funds
The government is scrambling for more money to fund COVID-19 response amid uncertainty when the pandemic will be contained, which was made worse by budget constraints that persist despite the…
Pru Life UK gives away free COVID-19 life insurance to 500,000 Filipinos
To ease the financial pain that the COVID-19 pandemic had also inflicted on families of the sick and deceased, insurer Pru Life UK is giving away free life insurance coverage…
SSS website down: Deadline for wage subsidy applications extended to May 8
The government has given micro, small and medium enterprises (MSMEs) more time, or until May 8, to apply for wage subsidies as the Social Security System (SSS) website, where they…
ADB lends $1.5 billion to fund PH’s P655.6-billion COVID-19 response
MANILA, Philippines — The Asian Development Bank (ADB) has given the green light to the $1.5-billion quick-disbursing loan for the Philippines, its host-country, to aid in the fight against the…
Supply chain disruptions a small threat to low inflation, says BSP
The pace of price increases of consumer goods and services will likely remain muted in the next few months due to weak local demand and the plunge in global oil…
Grab, Lalamove riders get P3B free Manulife insurance coverage
Life insurer Manulife Philippines is providing P3 billion worth of free insurance coverage to more than 60,000 active two-wheel riders from Grab and Lalamove who brave the streets to serve…
BDO’s Q1 profit down 10% on trading, forex losses
BDO’s “ATM on Wheels bringing cash to customers during the ECQ” The country’s leading lender BDO Unibank saw a 10.2-percent year-on-year drop in first quarter net profit to P8.8 billion,…
SM donates COVID-19 test kits to Baguio City
In support of mass COVID-19 testing, SM donates local PCR test kits for 4,000 tests to Baguio City. Through SM Foundation, and in coordination with the DOH, Baguio Mayor Benjamin…