Treasury rejects T-bill bids as rates go ‘over the roof’
Bid rates for T-bills went “over the roof”, prompting rejection by the Bureau of Treasury on Monday (March 30). The rate surge came as Luzon entered the third week of…
MRSGI nets P776M | Inquirer Business
Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI) posted P776 million in net profit last year, down by 19.7 percent, due to new accounting rules that hiked expense booking on…
Eagle Cement nets P6B | Inquirer Business
Eagle Ang family-led cement-maker Eagle Cement Corp. grew its net profit last year by 25 percent to P6 billion, citing robust private consumption that fuelled a double-digit expansion in sales…
Banking group seeks lower lending rates during, after COVID-19 crisis
The Bankers Association of the Philippines on Monday (March 30) told the country’s largest financial institutions to keep their lending rates as low as possible to help keep the economy…
Insurance regulator asks firms to take care of sales agents during COVID-19 quarantine
The Insurance Commission (IC) appealed to companies selling insurance in its many forms to look after their sales agents. In a circular issued by IC chief Dennis Funa last Friday…
Indian automobile maker to help produce ventilators, masks, PPEs
Medical staff prepare an isolation ward at a newly inaugurated hospital by the Tamil Nadu state during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in…
MPIC sets Our Lady of Lourdes as main COVID-19 referral hospital
Manuel V. Pangilinan As local coronavirus cases continue to rise, businessman Manuel V. Pangilinan-led Metro Pacific Hospitals group has designated Our Lady of Lourdes Hospital in Sta. Mesa, Manila as…
Asian shares extend losses as toll from pandemic surges
BANGKOK — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many…
High-tech beauty among strongest skincare trends
Image: Davizro/IStock.com via AFP Relaxnews Beauty addicts around the world are increasingly keen on skincare products based on ingredients that are more commonly found in refrigerators, such as berries, seeds…
Int’l tourism to plunge up to 30% due to virus
Image: narvikk/IStock.com via AFP Relaxnews The number of international tourist arrivals will fall by 20 to 30% in 2020 due to the novel coronavirus, putting millions of jobs at risk,…