DITO network infra rollout slows due to lockdown
Telco startup Dito Telecommunity was forced to slow the rollout of network infrastructure in Metro Manila and Luzon after a lockdown was ordered to halt the spread of the new…
Coronavirus test maker Roche sees sales rise
GENEVA — Swiss pharmaceutical company Roche, which helps make tests to detect the COVID-19 illness, said Wednesday its sales edged up in the first quarter despite the broad economic volatility…
OFW remittances seen falling by 20%
Remittance flows to the Philippines may decline by more than a fifth this year as many Filipinos working and living abroad stood to lose employment while the global economy grappled…
As April 30 nears, gov’t continues search for health, economic balance in ‘new normal’
Balance between health and economy. In sum, that is the elusive formula that could be key to winning the fight against the COVID-19 pandemic, according to the country’s new chief…
Korean Air sells Jeju housing complex for employees amid liquidity crisis
Korean Air’s housing complex for employees on Jeju Island. Korean Air via The Korea Herald/Asia News Network SEOUL — Korean Air, the main cash cow for the transport and logistics…
Starbucks introducing plant-based food in China
Beyond Meat products are being sold in China for the first time through China. AP Photo/Gene J. Puskar, File Starbucks is introducing plant-based food and drinks in China as part…
Volume of marked, tax-paid fuel reaches 6.87B
The volume of marked tax-paid oil products reached 6.87 billion in mid-April as the fuel marking program had been exempted from coronavirus lockdowns to ensure correct tax and duty payments…
With flattened curve, what’s ahead for S. Korean economy?
A cashier of E-mart warehouse store in Daegu. Yonhap via The Korea Herald/Asia News Network SEOUL — The signs of a slowing COVID-19 spread on the back of a strong…
Korean pharmas form unprecedented alliance to fight pandemic
Korea Pharmaceutical and Bio-Pharma Manufacturers Association via The Korea Herald SEOUL — Governmental organizations and the pharma industry are of the same mind in South Korea when it comes to…
South Korea unveils $32B relief package for key industries, job retention
(Yonhap) via The Korea Herald SEOUL — President Moon Jae-in on Wednesday announced a massive relief package, worth 40 trillion won ($32 billion), for South Korea’s key industries disrupted by…