Small businesses get moratorium on rentals
Micro, small and medium enterprises (MSMEs) will have a monthlong grace period from having to pay their commercial rent, as the government tries to ease the burden of the lockdown…
Aboitiz unit aborts plan to buy Vietnam wind power firm
Aboitiz Power Corp. has called off what would have been its first foray in the overseas renewable energy market through a $46-million acquisition of a firm behind a wind power…
United Airlines throws gloom over PAL, American Airlines alliance
Business rivalry never stops, even during a pandemic. Flag carrier Philippine Airlines’ (PAL) planned expansion in the lucrative United States market through a strategic alliance with American Airlines is under…
Speculators walk away amid dreary mood; PSEi down 1.22%
The local stock barometer faltered on Thursday as investors scrambled to pocket gains while foreign outflows escalated. The main-share Philippine Stock Exchange index (PSEi) gave up 66.21 points or 1.22…
Banks OK 30-day loan payment moratorium
The Bankers Association of the Philippines (BAP) has committed to enforce Republic Act No. 11469, or the Bayanihan to Heal As One Act, which, among others, mandates a nationwide 30-day…
World Bank to roll out $160-billion emergency aid over 15 months
World Bank President David Malpass. AFP file photo UNITED States — The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency…
Century Pacific nets P3.1B | Inquirer Business
Po family-led local food canning giant Century Pacific Food Inc. (CNPF) grew its 2019 net profit by 11 percent to P3.1 billion, driven by the double-digit growth in its branded…
COVID-19 relief: SSS, GSIS pensions come early
Cash benefits of Government Service Insurance System (GSIS) pensioners came earlier than usual after the GSIS released these on Thursday (April 2). The monthly GSIS pension was usually due on…
Chelsea Group, Phoenix and Udenna Foundation answer Batangas farmers’ call via ‘Sagip Saka’
BATANGAS — WorkLink Services, Inc., a subsidiary of Chelsea Logistics and Infrastructure Holdings Corporation, Phoenix Petroleum, and Udenna Foundation through its UCARE or CommUnity Care program, in coordination with AGREA,…
San Miguel deploys rolling food stores
SMC’s store in wheels Conglomerate San Miguel Corp. has deployed rolling food stores to strategic parts of the metropolis, seeking to bring fresh chicken and refrigerated meat straight to consumers…