Keeping the network running for people to remain connected
“This is the biggest challenge for us so far. With typhoons, we can see the damage, assess if restoration works are possible or not, and plan how to attack and…
Gov’t reactivates LGU price councils
The departments of Agriculture, Trade and Industry and Health have reactivated local price coordinating councils (LPCCs) to closely monitor the prices of farm and fishery products, processed goods and medicines…
BPI raises P33.9B from sale of bonds
Ayala-led Bank of the Philippine Islands (BPI) has raised P33.9 billion from a warmly received bond offering that was completed before Metro Manila was locked down to contain the coronavirus…
PSEi down 2.5% on profit-taking
The local stock barometer returned to the doldrums on Friday as investors pocketed recent gains ahead of the weekend. Ending a three-day rebound and missing a sustained upswing across regional…
Max’s shuts down operations temporarily
The country’s leading casual dining chain operator Max’s Group Inc. (MGI) has temporarily shut down all restaurant operations in the Philippines, citing the need to help curb the spread of…
Airlines seek emergency help from gov’t
The trade group of the world’s airlines is calling on governments in the Asia-Pacific region to extend emergency support to the industry devastated by the new coronavirus disease (COVID-19). The…
Listed energy firms go online for stockholders’ meetings
Several energy firms have opted for remote or online attendance for their annual stockholders’ meeting scheduled up to May, while a few others have postponed theirs, in light of the…
Move to control excessive spikes in cost of essential commodities
The departments of Agriculture, Trade and Industry and Health have reactivated local price coordinating councils (LPCCs) to closely monitor the prices of farm and fishery products, processed goods and medicines…
30-day extension of expiring insurance policies, HMO agreements ordered
The Insurance Commission (IC) has ordered a minimum 30-day extension of insurance policies, pre-need plans and health maintenance organization (HMO) agreements that lapsed or will end during the one-month enhanced…
ADB commits $1.6B in additional aid to PH for fight vs COVID-19
The Asian Development Bank (ADB) on Friday said a bigger financial assistance worth at least $1.6 billion would be provided to the Philippines in the coming weeks to help its…