Asian shares rise moderately as oil prices recover
TOKYO — Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Currency traders watch monitors at the…
SEC orders closure of 4 illegal online lending apps
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has directed four online lending platforms to stop offering loans to the public, citing lack of license, failure…
Stocks climb worldwide as oil prices crawl off the floor
NEW YORK — Stock rose on Wednesday, and the S&P 500 recovered a chunk of this week’s sharp losses as a bit of oxygen pumped through markets around the world.…
Supply chain woes may offset PH gains from low oil prices
Low global oil prices stand to benefit the Philippines in the long run but its near-term impact on domestic consumer prices may be offset by supply chain disruptions caused by…
Chua: Tax reforms must proceed to fund health crisis response
MANILA, Philippines — Acting Socioeconomic Planning Secretary Karl Chua on Wednesday said the government must pursue its tax reform program or it might be forced to borrow more money to…
Resumption of POGO operations opposed
MANILA, Philippines — Government must first resolve the issues hounding the Philippine offshore gaming operators (POGO) industry before allowing it to resume operations in the midst of the coronavirus pandemic,…
Double whammy sends PSEi looking for cover for 3rd day
The local stock barometer slipped for a third session in a row on Wednesday as the downturn in global oil market and the lockdown uncertainties in the Philippines dampened investor…
SEC exposes 4 more investment scams
The Securities and Exchange Commission (SEC) has exposed four new illegal investment schemes, including those perpetrated by previously flagged racketeers masked by different names. In separate advisories issued on April…
Ayala Land slashes 2020 capex budget, puts on hold new projects
Property giant Ayala Land Inc. (ALI) has scaled down its capital spending budget this year to P70 billion from P110 billion and put on hold new projects, investments and land…
MWSS concessionaires assured of normal raw water supply
Normal allocation of raw water from Angat to the concessionaires of Metropolitan Waterworks and Sewerage System (MWSS) will be maintained until June to support the continuing fight against the new…