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…
Asian shares lower as Wall Street rally fizzles, oil rebounds
TOKYO — Asian shares are lower Friday after an early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery…
BPI bracing for hefty loan loss provisioning
BPI’s press briefing on April 23, 2020 in virtual format As businesses and consumers grapple with the unprecedented COVID-19 pandemic, Ayala-led Bank of the Philippine Islands (BPI) is bracing for…
COVID-19 pandemic curbing OFW remittances
Filipino domestic helpers line up to send money at a remittance center in the central district of Hong Kong in this 2008 file photo. AFP PHOTO/TED ALJIBE The Philippines may…
Frontliners leaving home and family to serve amid the COVID-19 pandemic
A family for Filipinos means the world. The welfare of a wife, child, father, mother, brother or sister is paramount in any Filipino’s mind, a gritty yet devoted few would…
P1.3-T post pandemic stimulus package eyed
The House of Representatives is preparing a measure that seeks to allot some P1.3 trillion as economic stimulus to help the economy recover from the impact of the coronavirus pandemic.…
PH banks now free to assume more dollar risk
The central bank has eased a rule that previously required financial institutions to hold a 100-percent buffer of assets for their foreign currency liabilities on a daily basis, saying that…
PH export, import growth goals slashed
With global demand and supply constrained by the COVID-19 pandemic, the government economic team has slashed the country’s external trade growth targets even as it expects domestic inflation to settle…
PSEi posts slight gain as market cheers improvement in oil prices
The local stock barometer firmed up for the first time this week on Thursday as global markets welcomed a nascent recovery in global oil prices. The main-share Philippine Stock Exchange…
SEC orders shutdown of 4 online lending ventures
The Securities and Exchange Commission (SEC) has ordered the shutdown of four online lending platforms that had been operating without the proper permits, imposing “unreasonable” terms and using “abusive” practices.…