HSBC sees 3.9% PH GDP contraction
HSBC Private Bank’s investment experts Cheuk Wan Fan and Willem Sels British banking giant HSBC sees the Philippines heading to its deepest economic contraction in three decades this year due…
S. Korea to push for conclusion of Asia-Pacific trade deal this year
Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea said Wednesday it will push for the conclusion of a mega Asia-Pacific trade deal this year to help boost…
Cirtek US unit rolls out next-gen telco antennas
Cirtek’s US unit Quintel produces antennas for leading US telcos The Silicon Valley-based unit of electronics manufacturer Cirtek Holdings Philippines Corp. has rolled out a new range of antennas capable…
COVID-19 a once-in-a-century opportunity to boost digital transformation, says Vietnam minister
Minister of Information and Communications Nguyễn Mạnh Hùng (left) looks at digital technologies on display. Viet Nam News/Asia News Network HANOI — The COVID-19 pandemic was offering a once-in-a-century opportunity…
Erwan Heussaff and Lark Team Up to Help Small Food Businesses in the Philippines
As a result of the pandemic and its effect on the Philippine economy, several small businesses have been forced to halt operations or close up shop completely. This has been…
Fitch Solutions sees greater investment risk in PH media/telecom space
MAY 23, 2020The facade of ABS-CBN network headquarters in Quezon City. The NTC ordered ABS CBN to cease and desist from broadcasting on television and radio program ( last May…
Metrobank raises $500M from offshore debt deal
Metropolitan Bank & Trust Co. (Metrobank) Ty family-led Metropolitan Bank and Trust Co. has raised $500 million from its first offshore debt market foray in nearly two decades. Metrobank priced…
PEZA fears some companies might leave because of global recession
MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) fears the global recession might prompt companies to cut down on costs, forcing them to pull out of the Philippines and…
Weak PH demand helps cap June inflation uptick to 2.5%
MANILA, Philippines — Prices of basic goods and services rose slightly last month – to a level that was within the central bank’s expectations – but any further increases will…
Amid pandemic, PH’s P1.22-T end-April borrowings exceeded 2019 total
Finance Secretary Carlos G. Dominguez III. Photo courtesy of DOF MANILA, Philippines — The COVID-19 crisis has forced the Philippines to borrow a total of P1.22 trillion from January to…