SEC flags crypto, tech investment scams
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has warned the public against groups illegally peddling investments with promise of high returns over a short period…
Millions to lose jobs, fall into poverty as Indonesia braces for recession
The government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, as the International Monetary Fund (IMF) projects…
Gov’t think tank says 70 percent of COVID-19 carriers need isolation if lockdowns are to be lifted
An aggressive isolation of COVID-19 carriers must be put in place after the one-and-a-half months of enhanced community quarantine enforced in Luzon and most parts of the country to avoid…
World Trade Center converted into 500-bed COVID-19 facility
WTC is now a 500-bed COVID-19 facility The Ayala group of companies has completed the conversion of part of the World Trade Center (WTC) in Pasay City into a 500-bed…
Telco firm PLDT allows staggered bill payments as COVID-19 reprieve
Telco giant PLDT Inc. is allowing postpaid subscribers to pay their bills on an interest-free installment basi in a reprieve for customers amid the new coronavirus (COVID-19) pandemic. PLDT and…
COVID-19 pandemic boosts demand for Cirtek’s medical chips
Cirtek’s manufacturing hub in Laguna(photo: www.cirtekholdings.com) The global war against COVID-19 pandemic has boosted the order book for Philippine-made electronic chips needed to produce critical medical devices. Laguna-based electronics manufacturing…
PH economic stimulus plan sees pandemic lasting till midyear
Finance Secretary Carlos Dominguez III on Tuesday presented to the House of Representatives a P1.45-trillion package of fiscal measures to ensure that the economy would “bounce back” from the impact…
Business wants public transport categorized as essential sector
The Philippine Chamber of Commerce and Industry (PCCI) wants the government to consider public transportation as an essential industry, should the government decide to partially lift the quarantine next month.…
PH shares zoom past 5,700
The local stock barometer climbed past the 5,700 mark on Tuesday as upbeat trade data out of China perked up regional markets. Gaining for the second straight session and outperforming…
IMF cuts 2020 PH growth forecast to 0.6%, expects unemployment to rise amid COVID-19 pandemic
MANILA, Philippines – The COVID-19 pandemic would not only slow the Philippines’ economic growth to a dismal 0.6 percent but also render more Filipinos jobless this year, the Washington-based International…