Stocks fall as investors brace for earnings hit from virus
Stocks fell on Wall Street Monday, erasing some of the market’s big gains from last week, as investors braced for a sobering first look at how the coronavirus pandemic has…
ADB hikes Asia-Pacific’s COVID-19 war chest to $20B
MANILA, Philippines – With more governments as well as private firms across Asia-Pacific in need of financial assistance to fight the pandemic’s health and socioeconomic fallout, the Asian Development Bank…
IC issues guidelines to protect health insurers, HMO professionals at work during lockdown
MANILA, Philippines — While those who work for health insurance providers and health maintenance organizations (HMOs) have been exempted from the movement restrictions during the COVID-19 lockdown, the Insurance Commission…
WB: $100-M loan for DOH to help finance purchase of medical equipment
MANILA, Philippines — The $100-million (over P5-billion) loan scheduled to be approved by the World Bank next week will finance the purchase of medical equipment and supplies which the Washington-based…
COVID-19 aid: Dominguez says no cash for middle class, but wage subsidies for MSMEs
Finance Secretary Carlos G. Dominguez III on Monday (April 13) expressed doubt the middle class would get the same dole out program as that for 18 million poor families, which…
BSP to pump more cash into economy to fight ‘once-in-a-lifetime crisis’
MANILA, Philippines — Bangko Sentral ng Pilipinas has vowed to infuse more liquidity into the local financial system at the soonest possible time to help the Philippine economy absorb the…
PH travel agencies plead for state aid as COVID-19 bludgeons tourism
The umbrella organization of local travel agencies is asking the government for aid to their sector whose members have been battered by the coronavirus pandemic, along with the rest of…
P20B in T-bills sold as more cash expected through further rate, reserve cuts
The Bureau of the Treasury sold all P20 billion in T-bills on Monday (April 13) as the offering was met with strong demand due to expectations of further reduction in…
Wuhan restarts: top executives head to the city
Fosun International Executive Director and Chairman Guo Guangchang attends a news conference at Atlantis Sanya hotel in Sanya, Hainan province, April 28, 2018. via China Daily BEIJING — In the…
FDC retires $300M offshore debt
FDC and FLI president Josephine Gotianun-Yap. INQUIRER file photo Gotianun-led conglomerate Filinvest Development Corp. (FDC) has fully retired $300 million worth of offshore debt using excess cash and proceeds from…