S. Korea’s shrinking job market sparks fears of recession
Job seekers look for openings at an employment exchange in Mapo, Seoul, on Tuesday. Yonhap via The Korea Herald/Asia News Network SEOUL — Slammed by the novel coronavirus, South Korea’s…
Treasury sells P30B in T-bonds in continuing bid to raise funds to fight COVID-19
The Bureau of the Treasury on Tuesday (April 14) sold P30 billion in one-year T-bonds as demand for government securities continued to be strong in light of expected further monetary…
SEC tightens rules on bulk corporate asset sale
SEC chair Emilio Aquino The Securities and Exchange Commission (SEC) has issued new rules aimed at curbing the potential misuse and dissipation of corporate assets at the expense of minority…
SEC gives foreign firms leeway on security deposits
SEC chair Emilio Aquino The Securities and Exchange Commission (SEC) has given foreign companies setting up shop in the country more leeway to submit their security deposits, considering the enhanced…
Lucio Tan mobilizes P200M for war vs COVID-19
LTG’s COVID-19 response package as of April 14, 2020 The group of tycoon Lucio Tan has mobilized at least P200 million worth of internal resources to help medical front-liners, healthcare…
Asian shares rise amid wait for China data, global earnings
TOKYO — Asian shares rose Tuesday although investors were braced for a sobering first look at how the coronavirus pandemic has hurt global corporate earnings and the Chinese economy, the…
San Miguel building 10 military quarantine facilities
SOLCOM facility in Lucena is 90 percent complete. Conglomerate San Miguel Corp. is building 10 emergency quarantine facilities near military hospitals to house personnel who have tested positive for COVID-19…
DOH taps KonsultaMD for free public telemedicine advice
The Department of Health (DOH) has tapped KonsultaMD for the provision of free telemedicine advice to individuals who need non-emergency medical assistance in order to alleviate surge and minimize risks…
Project Ugnayan reaches 7.6M poor Filipinos
Caritas distributes grocery vouchers Over 7.6 million of the poorest Filipinos in Greater Metro Manila have received grocery support from “Project Ugnayan,” the single largest private sector-led fund-raising collaboration to…
IMF cancels debt payments for 6 months for 25 poor nations
UNITED NATIONS — The International Monetary Fund approved $500 million on Monday to cancel six months of debt payments for 25 of the world’s most impoverished countries so they can…