PSEi recoups some losses, closes up by 4.78%
The local stock barometer raced back to the 5,700 level on Friday as investors across the region welcomed news about potential coronavirus disease (COVID-19) cure alongside plans to reopen the…
Economists: Not done yet, Diokno has more rate cuts up his sleeve
More “liquidity bazooka” is likely to be unleashed by the Bangko Sentral ng Pilipinas (BSP) in the coming months to counter economic shock waves from the new coronavirus disease (COVID-19)…
Fitch: PH faces wary private sector in infra policy shift
The Philippine public-private partnership (PPP) market for infrastructure is set to become “moderately favorable” now that President Duterte is more open to taking this route instead of just relying on…
PH consumer confidence for Q2, next 12 months dives
Filipino consumers are less optimistic about their prospects in the second quarter of 2020 and the rest of the year due to worries about inflation and stagnant income, according to…
Gov’t rolls out MSME workers’ wage subsidy
The government has started accepting applications from struggling micro, small and medium enterprises (MSMEs) that wanted to avail themselves of the small business wage subsidy for their temporarily displaced workers.…
Revised water concession deal seen by June
Manila Water Co. Inc. remains under the control of the Ayala group as the deal with the Razon group still had unmet conditions and as the present management focuses on…
DPWH to fast-track rollout of projects after lockdown
The Department of Public Works and Highways (DPWH) is preparing plans to “fast-track” the rollout of projects under its infrastructure pipeline that had stalled due to the new coronavirus (COVID-19)…
Globe in $4-M acquisition deal with US-based cloud consulting group
Globe Telecom is buying up assets of a United States-based cloud consulting group to expand offerings for its business costumers. Globe said on Friday that the deal was valued at…
Government move to import rice hit
A national farmers’ group has warned that the government’s plan to import rice could lead to a slump in palay farm-gate prices just when these are starting to recover. The…
Electricity consumers’ relief extended | Inquirer Business
Electricity consumers will enjoy more relief from their bill burdens as the Energy Regulatory Commission (ERC) extended by another month the suspension of the collection of incentives for renewable energy…